Updates on the trades recomended last week.

XIV - Has traded down to our bid level, so we have been left unfilled. No new guidance, happy to leave our bid at $17.50 for now. This may change tho.

RIMM - Filled the following day (June 30) at $28.75. We now have 200 shares, and will look to ride this higher RIMM pushes through it's troubles.

SLW - Again, filled the following day (June 30) at $33.00. Just a small position really, but hopefully this is something we can add to over the next little while. I will be hard pressed to sell this position, it'll be more of a buy and hold, and buy some more.

Account Details

Cash = 113,020 - 5,750 [200*28.75] - 3,300 [100*33.00] = $103,970

Assets
-->RIMM -- 200 * 28.06 = 5,612 -- [200@28.75=5,750]
-->SLW-- 100 * 36.10 = 3,610 -- [100@33.00=3,300]
= 5612 + 3,610 = $9,222

Liabilities
--OCT'11 SLW $35 Puts = 30*270 = 8,100
--JAN'12 LULU $80 Puts = 10*3.70 = 3,700; 8,100 + 3,700 = $11,800

Total = 103,970 + 9,222 - 11,800 = $101,392

Both SLV and LULU had great weeks, pushing our options contracts into positive territory. Our purchass of SLW shares has proved (short term) to be great timing. RIMM has droped slightly, but not enough to make a meaningful impact. We are showing our first profit in a while, currently at $1,392 for a 1.39% gain since fund inception on Wednesday April 20, 2011 (~2.5 months ago).