July options

Oops, neglected to update the options expiration on the Port24 last weekend!

I had four stocks with calls sold against them - DNDN, EXEL, NBIX, and PIP. Dendreon and Exelixis expired under the strike price, so I retain the shares. NBIX and PIP were called away (although I retain some extra PIP, as I did not sell calls against the entire position).

The Port positions are shown below; I have $35,397.31 in cash with a 20.5% annualized return as of 7/22/11.

I do expect Celsion to continue its run; HEAT enrollment and the 190th PFS event should occur within 3 weeks now. I intend (in the Port24) to start taking some profits around the $5 mark - I'd bought lots around $2.64 and $2.31.

Regards,
Trond

# / Ticker / (calls sold)
1500 ARQL (0)
1200 BTX (0)
2600 CLDX (0)
9000 CLSN (0)
1600 DCTH (0)
300 DNDN (0)
1100 EXEL (0)
2000 MITI (0)
7000 NNVC (0)
2500 PIP (0)
1600 SGMO (0)

Managing money and Port24 update

First, let's get the Port out of the way: I sold calls against the EXEL position today; 11 Jul $10s for $0.65 per share. Cash is up to $1,096.58, and the overall value to $151,963.58, a 16.9% annualized return, beating the S&P and Nasdaq by 18 and 12% respectively.

The big news in my personal life is that I will be hanging out a shingle to manage money and do financial planning. Getting going will take a couple months in between studying and passing the Series 65 exam, getting registered with the State of California as a Registered Investment Adviser, and starting an LLC.

Besides looking at people's finances and finding ways to improve their moeny situation, I will be offering a couple "funds" - a growth and a growth/income option. More information will be forthcoming! I think I will be using the construction of this business as a blog series, so if interested in the creation of an entrepreneur, please stay tuned! My blog portfolio will stay a fixture, but I'll also use quite a bit of the analysis I'll be using on my company funds to do an even better job managing the Port.

I would ask the readers to please take a moment to hit the 'Post a Comment" link and let me know what it would take to make you call a financial planner, and utilize their services. Thanks!

Regards,
Trond

Exelixis

I bought 1100 shares of Exelixis (EXEL) at $8.78 in the Port today. They presented great data at ASCO and Mr. Market seems to have overstated the side effect dangers.

I will have more to say later on, but I wanted to post disclosure ASAP.

Regards,
Trond