Fusion Fund Sells 5 FDX June $90 Puts
May 22, 2008 11:57 pm by Dean Morel
The Fusion Investing and Analysis Fund has sold 5 FDX June $90 Puts (FDXRR) at $4.00.
For an fusion analysis of Fedex see yesterday’s post.
With 28 days to expiration selling at $4.00, gives cost if put of $86, return on total risk of 4.65%, annualised to 60%, return on buying power of 15.5% and a 2.5% discount from the price.
This transaction delivers $2,000 cash to the fund. I anticipate holding until expiration. I’ll update this entry with further details tomorrow.
More on this topic
(What's this?)
FEDEX ISSUES CONSERVATIVE GUIDANCE – GET USED TO IT
(THE PRAGMATIC CAPITALIST, 6/16/10)
Mr. Smith Goes to Holland
(Competing for Customers and Capital, 6/1/08)
10 Timeless Investing Rules From Wall Street Legend Bob Farrell
(The Contrary Investing Report, 7/1/10)
Related posts:
[...] Investment Fund sold 5 FDX June $90 Puts (FDXRR) at $4.00 on May 22nd. The analysis behind the FDX position was explained on the 21st [...]
Leave your response!