Hi Maurice, Model Portfolio: NEM March Put 17.5 expired worthless.
Short Japan Yen 13,100,000 of Yen w/ interest rate at 1.125% per annum.
Short June (.nemrw) Put strike 17.5, 10 contracts
Short January 2003 (.viemc) Put strike 15, 20 contracts,
Short June (.nemfd) Call strike 20, 20 contracts, and
Long January 2003 (.vieah) Call strike 40, 20 contracts;
Cash at USD 309,850
Gross portfolio value is at US$ 301,250, less Jyen debt valued at 128 exchange rate results in Net portfolio value of USD 198,900, a decline of 0.55% YTD on the original USD 200,000. We are on track to breaking even for the year, trading just NEM and its derivatives ;0)
On the real portfolio, there has been positive development on the exchange rate markets, and the March series of NEM put/call expired, with a bunch of NEM called away, and I got nipped on the finger by Furukawa.
Cash 45% (37% Euro, 10% CHF, 8% AUSD, 3% HKD, 42% USD)
Bonds 22%
Gold and platinum metals 6%
Rental Real Estate 21% (value at lower of cost and market)
Non-income generating Thai beach land 1.3%
Equity 5.2% (AAPTY, AMGN, AOL, AU, AWK, CHL, CMCSK, CWT, NEM, SNE, SWC, Furukawa Electric, Hongkong & Shanghai Banking HK.5, …).
I have outstanding short positions in NEM June covered Call 20, and a long position in RDN August Put 40.
YTD appreciation @ 0.77%, on track to 5% wopper for 2002.
Chugs, Jay
Ref:
Message 17174382 |
