Fund D Update for 30-Jan

Unrealized P&L of about +$4,489.
Net Asset = $113,196.
Cash On-hand = $118,165.

No new trades.

3 more weeks to Expiry Friday 20-Feb.

Fund C Update for 30-Jan

Unrealized P&L of about -$1,602.
Net Asset = $19,783.
Cash On-hand = $19,020.

Fund C trading strategy followed closely to Fund D. Has also been trying a few new strategy along the way.

Fund D Update for 29-Jan

Unrealized P&L of about +$4,364.
Net Asset = $113,071.
Cash On-hand = $118,165.

No new trades.

Volatility decay and Time decay are to our advantage.

Fund D Update for 28-Jan

Unrealized P&L of about +$3,520.
Net Asset = $112,227.
Cash On-hand = $118,165.

No new trades.

Government finalizing "Bad Bank" and "Good Bank" plan. Most financial share price gone up, except LM which announced earnings below market expectation.

Fund D Update for 27-Jan

Unrealized P&L of about +$1306.
Net Asset = $110,013.
Cash On-hand = $118,165.

(Will try continue posting daily account update for about 1 month, per request by friend John. He wanted to see both -ve and +ve P&L, instead of just +ve P&L which seems to him to be too good to be true).

Need the price of BAC & C to stabilize, to rise or to drop slightly by Expiry Friday 20-Feb and we will get to keep the Option premium ($14,260) collected upfront. Continue to put Stop Loss protection along the way.

Day to day there are other small simple straight trades when opportunity arises which are not posted. Focusing mainly on Bank/Financial companies and CreditCard issuers. Wanted to trade on Sea Shipping companies but do not have time to do research on it yet.

Fund D Update for 26-Jan

Unrealized P&L of about -$1089.
Net Asset = $107,617.
Cash On-hand = $118,038.

Chinese New Year Day yesterday. Checked the market for position management and no significant transactions.