Funds Update (Fund B CLOSED)

FUND B CLOSED as target met. Net value increased 100% from $10,000 (1-Sep-08) to now $20,875 (29-Nov-08) in less than 3 months (target was 12 months). Congrates.

Fund B : Value increased from $10K (1-Sep-08) to $20,875. Target met and Fund B CLOSED. Kept 20% commission on profit made. Returned $18K to investor (nephew).



Fund A : Value increased from $50K (1-Sep-08) to $93,206.

Fund A Open Positions :-
-10x MS-Dec-7.50-PUT (target profit $1,100)
-40x C-Dec-7.50-PUT (target profit $4,680)
-80x C-Dec-5.00-PUT (target profit $3,720)
-10x C-Dec-2.50-PUT (target profit $ 650)

Fund Update

From lesson learnt last month, have decided to close positions that have achieve 70% or more of the full target profit going forward.


Instead of waiting another 3.5 weeks to get full profit of $2,115, have gone ahead to CLOSE out and collected profit of $1,668.
BTC 45x MS-Dec-5.00-PUT (target profit 45x$0.47 = $2,115).
Collected profit $1,668 about 79% of full potential.