Port 24 update

I finally had a chance to revisit the Port, and spent a while cleaning it up.

MITI was bought out, CLSN and DCTH had reverse splits (boy do I wish I'd sold those prior to the mothball!) and a few calls expired worthless.

This morning I check out the prices of CLSN, DCTH, and PIP and "sold" them at the bid.
Just now I couldn't resist and picked up 2000 shares of VHC.

So the current Port looks like this:
Cash $27,780.30
1500 ARQL
1200 BTX
2600 CLDX
2500 CORT
1100 EXEL
7000 NNVC
6000 PPHM
1600 SGMO
2000 VHC
1800 ZIOP

Total worth (as of this moment) is $213,642.30.
That is a return of 113%, and annualized to about 16% over nearly seven years. Almost 4  of those years, the Post has been neglected to a sorry degree, too! Not bad.

I'll be more active now, and utilizing calls as usual to pick up additional income.

Good luck to all portfolios in the days ahead!

May options expiration

There were certainly some surprises this last month in the Port24. I had sold covered calls against CLDX, ONTY, NBIX, DCTH, and MITI.

All expired harmlessly except for ONTY - it has been rising sharply and were exercised a good 25% above my $4 strike. It hurts to lose the extra amount I might have made, except for two things:
1) would I have actually sold at this price, or would I have sold earlier, or waited and had it go down again?
2) I bought these about a year ago with an average price of $3.46, and sold $0.70 cents of premium along the way... so my net return here has been around 35%.

CLDX just did a secondary offering which knocked it down from exercisable range to the present price. I expect it to be nudging $4 again within a couple months.
NBIX has dropped recently but with Phase 3 trials starting late summer, it should be climbing nicely over the next few months.

Celsion (CLSN) enrollment in the HEAT trial continues to be something I look forward to, over the next two months. They should have hit the 190th PFS event easily by this time and so we'll get to know the results of an interim calculation by the end of Q3 at the latest.

The Port has an annualized return of 17.1% with just over three years. That compares nicely to the S&P being flat over the same period and the Nasdaq gain of 7%.

With ONTY being exercised, I have $28,913.35 in cash and the following holdings:

Shares (calls sold)
2600 CLDX (0)
1200 BTX (0)
2000 NBIX (0)
7000 NNVC (0)
1600 DCTH (0)
3600 PZG (0)
9000 CLSN (0)
2000 MITI (0)
800 SGEN (8)
1600 SGMO (0)

Buying BTX

Another buy in the Port - 1200 BTX (Biotime) @$7.31. I am not selling calls right away.

Cash: $10,593.85
Position (calls against)
2600 CLDX (26)
1200 BTX (0)
2000 NBIX (20)
7000 NNVC (0)
7000 ONTY (70)
1600 DCTH (16)
3600 PZG (0)
9000 CLSN (0)
2000 MITI (0)
800 SGEN (8)

Regards,
Trond