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.
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[...] 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 [...]
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