The CPA reviewed result, for the 12.06.2011 - 04.29.2012 time frame, is a +9.99% net return. This reflects all hedging losses. The current accrued dividends, $457.66, are not included in the 9.99% return. They will be recorded in the net return on payment date. The cash balance is $5,712.99. The $100,000 Model Portfolio's value is $109.992.90 Capital preservation is the portfolio's cornerstone goal.
Our closed positions provided a $555 credit. Our CF covered call has a $4,473 credit. Our CELG covered call position has a $371 credit. The net credit is a $5,399 credit. TJ