Feb 7-13 Activities (RevGen Trading, KDK Fund, Charity)

 This was another wonderful week for KeaneVCC. See below on notes for RevGen Trading, KDK Fund, and KeaneVCC Charity. 

- Next week is the last day for covered call trades. 

- There might be a reallocation of assets and funds next week 

- The next round of charitable distributions is being lined up. 

RevGen Trading

Date Entry	Security	Option	Cost	Date Sold	Amount Received	Per Contract Result	% result
Feb 1	SNDL	Feb 12 $1.50 Call	$0.25	Feb 9	$0.33	$0.08	32.00%
Feb 9	TLT	Feb 19 $145 Put	$0.14	Feb 12	$0.20	$0.06	42.86%
Feb 12	IBIo	Feb 19 $3 Call	$0.15				Open

Notes

- The SNDL trade was a technical analysis trade that ended with a stop profit. The chart showed the previous spikes to be about 3X from the bottom. This one did something similar. Good trade. 

- The TLT trade was also a technical trade with new resistance being at a lower point. It worked out and the trade was stopped out for a profit.  

- The open IBIO trade is an earnings trade. They release earnings on Tuesday. 

KDK Fund

Expected Long Term Portfolio

Company	Stock Symbol	Date Purchased	Purchase Price
Virgin Galactic	SPCE	1/4/2021	$23.23

- A likely increase in the ELTP (Expected Long Term Portfolio) will be coming in the next couple of weeks as the account is growing.  Equity in Virgin Galactic is still owned. It doubling in price from the purchase price does not change that. 

COVERED CALL

Company	Stock	Share Purchase Price	Call Sold	Call Revenue Per Contract
Ideanomics	IDEX	$3.23	Feb 19 $4.00	$0.48
IBIO	IBIO	$1.32	Feb 19 $2.00	$0.14

-  Both of our covered call trades are entering their final week above the strike price. If they stay above and get assigned after Friday's  close, we will be ready with new trades. If either or both fall below the strike price before Friday's close, we will continue selling call options on these stocks. 

KeaneVCC Charity

- Charitable distributions are scheduled for the week starting 2/21. 

** This blog is used for opinions and ideas and should not be used as a direction to act without doing your due diligence. We are on Facebook, Twitter, and email through keanevcc@gmail.com**