March Performance
Needless to say, March was a challenging month as many of my high flyers such as Biogen (Ticker: BIIB) got hit pretty hard. I’ve been generating some income by selling Puts during this down turn, which has helped to buffer some of the decline. Overall my portfolio held up fairly well during this volatility. In terms of special situations / merger arb plays, I sold Puts on Jos. A. Banks (Ticker: JOSB) and Safeway (Ticker: SWY). There really has not been much happening on my end… just patiently looking for good risk return opportunities.
Performance Year to Date = +3.14% with the
running monthly returns as follows:
January -0.67%
February +6.50%
March -2.69%