Events Trader: Final update on the Events Trader portfolio

Today I want to sign off by giving you some guidance on each of the open positions in the Events Trader portfolio.

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25th June 2010

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Trader Portfolio
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OPEN TRADES
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Distressed Assets
IssueTip dateCompany/ AssetReccomendationPrice thenPrice now (24th June)Gain (%)
EVT #219/05/2009Barclays XS0110537429HOLD6598.54p51.60
EVT #219/05/2009Nationwide XS0284776274HOLD4873.64p53.42
EVT #1518/08/2009Barclays XS0205937336HOLD60.770.77p16.59
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Merger - Risk Arbitrage
IssueDateCompany/ AssetDetailsPrice now (24th June)Exp. Closing DateChange (%)
EVT #3024/11/2009Iberia (SM: IBLA);British Airways (LSE: BAY)Buy Iberia @ €2.02Short-sell British Airways @ 204pRatio IBLA 0.98: 1 BAYIBLA: €2.48;BAY: 210.1pQ4 20104.65%
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Other Trades
IssueDateType of TradeCompany/ AssetDetailsPrice now (24th June)Change (%)
EVT #3208/12/2010HOLDReaders Digest bond DBUY ISIN US755267AF83 at 1.5c$1.25-17%
EVT #5625/05/2010HOLDBPBUY at 485p Target 615p.331.8p-32%
EVT #5808/06/2010HOLDTransocean (NYSE: RIG)BUY at 44.58p Target $80.51.2414%
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Watchlist
IssueDateType of TradeCompany/ AssetDetailsPrice now (8th June)Change (%)
EVT #3208/12/2009LongING (AMS: INGA)Buy it if it falls below €5.40€6.01N/A
EVT #4016/02/2010LongICAP (AMS: IAP)Buy at 300p390.9pN/A
EVT #4309/03/2010LongMarine Harvest (OL:MHG)Buy it if it falls below 4.5 Kr5.45 KrN/A
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CLOSED TRADES
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IssueDateType of tradeCompany/ AssetDetailsStatusGain (%)
EVT #219/05/2009Distressed assetLloyds XS0107228024Buy at 45-46Sold 10/11/09 at 8891.0%
EVT #326/05/2009Merger- risk arbitrageWyeth (US: WYE)Pfizer (US: PFE)Buy WyethShort-sell PfizerRatio WYE 1 : 0.985 PFEMerger completed 15/10/098.8%
EVT #723/06/2009Merger- risk arbitrageSchering Plough (US: SGP)Merck (US: MRK)Buy Schering-PloughShort-sell MerckRatio SGP 1 : 0.5767 MRKMerger completed 03/11/095.9%
EVT #1518/08/2009Distressed assetHBOS XS0353590366Buy at 52Sold 10/11/09 at 9990.3%
EVT #1518/08/2009Distressed assetRBS XS0193721544Buy at 65.4Sold 10/11/09 at 61-6.7%
EVT #1625/08/2009Index TradingiPath S&P 500 VIX (NYSE: VXX)Bought at $55 - 56.50Sold at $43.70 on 27/10/09-22.6%
EVT #1808/09/2009Distressed assetRBS XS0102480869Buy at 75Sold 10/11/09 at 68-9.3%
EVT #1915/09/2009ShortNational ExpressShort sell at 480pClosed short at 390p 19/10/0923%
EVT #2029/09/2009Options TradingVodafonePut option Strike 140November 2009 @ 6pSold at 10p 13/10/0967%
EVT #2026/05/2009Options TradingFTSE 100Put option Strike 5,100November 2009 @ £1.40Sold at £2.25 02/10/0960%
EVT #2704/11/2009Options TradingCadburyDecember 2009 Put, Strike 24p / December 2009 Put, Strike 740pSold 10/11/09 for negligible gain0%
EVT #3512/01/2010Options TradingCadburyBUY the Cadbury's March Put option, strike price 760p at 23pCLOSE POSITION AT 3-87%
EVT #3726/01/2010LongFTSE 100BUY the FTSE at 5,205 (midpoint)Closed at 5,155 02/02/10Loss of 55 points
EVT #1228/07/2009MergerSun MicroBuy Sun Micro only: 50% at $9.24; 50% at $9.15 (so average price $9.19)Merger completed3.37%
EVT #2206/10/2009MergerXeroxXRX: $8.88Merger Completed5.5%
EVT #2810/11/2009LongBNIBuy BNI at $97.60Merger Completed2.7%
EVT #2313/10/2009LongLadbrokes (LSE: LAD)Buy at 140p; double up if hits 120p: TARGET 180p147p5%
EVT #4323/02/2010CLOSEVT GroupBuy at 673p762p13%
EVT #3512/01/2010Merger*CLOSED* Buy 3Com at $7.64$7.90 (details on HP deal to follow)Q2 20103.40%
EVT #4916/04/2010ShortRyanair*CLOSED* Short at €3.90 (stop loss at €3.90)€3.900%
EVT #4630/03/2010LongArriva (LSE: ARI)*CLOSED* Buy at 680p764.5pN/A
EVT #5204/05/2010*CLOSEDLongNokiaBuy at €9.04 Target around €10. Set stop loss at €8.40STOP LOSS TRIGGERED AT €8.40-7%
EVT #5306/05/2010*CLOSED LongBPBUY at 572p Target 600p. Set stop loss at 500pSTOP LOSS TRIGGERED AT 500p-13%
EVT #2810/11/2009SOLDDragon Oil (LSE: DGO)Buy at 447p436p-2.4%
Closed average % gain9.895%
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