Monday, September 01, 2014

August Performance

August certainly didn’t feel like a positive month, but it was actually a decent month. Looking at my portfolio, the majority of the gains was attributed to the closing out of the Idenix short Puts. Apple (Ticker: AAPL) continued to act strongly as it heads into the September product announcement. The remaining positions pretty much held their own and did not have a significant contribution to the overall portfolio performance.

For the special situation / arb plays, I currently have the following positions: Bally Technologies (Ticker: BYI), Intermune (Ticker: ITMN), Safeway (Ticker: SWY), TRW Automotive (Ticker: TRW) and Lorillard (Ticker: LO). I’m aggressively playing Intermune via short Puts.

Performance Year to Date = +14.63% with the running monthly returns as follows:

January -0.67%
February +6.50%
March -2.69%
April -1.51%
May +7.30%
June +2.59%
July -1.46%
August +4.57%


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