FINA 4320 Stock-trak Report

FINA 4320 Stock-trak Report - Team 4320fin Group Austin Wen...

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Team 4320fin Group Austin Wen, David Woolridge, and Josh Golup Dr. Wu FINA4320 April 28 th , 2011 Stock-trak Report I. Overview Throughout fourteen weeks of trading, we started with one million dollars cash, and ends with a little over four hundred thousand. Our portfolio has a cumulative return -58.41% with a Sharpe Ratio of -2.7. The market was really volatile during the trading period which made the game quite exciting and frustrating at the same time. II. Highlights A. Equities ProShares Trust(URTY) – It’s an ETC fund of Russell 2000 we bought to give us a benchmark within our portfolio. We hold this position from the very beginning to the very end. It gave us a 17.3% cumulative return which out performed our total option return. B. Options Google Options straddle – As we said before, the market was really volatile during the trading period. Especially, Google stock price dropped from 580 to 523 from April 4 th to April 22 nd . There was a significant success from our straddle
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FINA 4320 Stock-trak Report - Team 4320fin Group Austin Wen...

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