Monday, April 27, 2009

Violent Portfolio: Brink's to Handle My Cash

I'm updating the Violent Portfolio to include a position in Brink's Company. I will sell 2 puts May 2009 with exercise price of $30, for $1.60 each and a net cash position of +$320. This can potentially give me a buy in price of below $29/share. BCO is a classic value play and its shares in a dyslexic market can make shares volatile.

strategy security price Units Cost Net
Sell Short BCOQF 1.6 2 1 319