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Banks (Finance)

Banking Early Gains on Annual Naps

Strategic Insights

— 1 min read

In a traditionally reserved investment column, author John Davis has shaken things up by banking substantial early gains on his annual naps, boasting an average gain of 74.85%. The success is largely attributed to the Glaxo July 600p call options and the Abbey National September 420p call options, which have delivered impressive returns. Davis's strategy, allowing readers 24 hours' grace for buying, has been a game-changer for his naps.

Key Takeaways:

  • The Glaxo July 600p call options have produced a gain of 47.4% after being sold for 143p.
  • The Abbey National September 420p call options have produced a gain of 102.3% after being sold for 79p.
  • The average gain for the two naps is 74.85%, substantially exceeding the 15% target set at the start of the year.
  • The 74.85% gain is based on actual buying and selling prices, a unique feature of this column's naps.
  • Davis has allowed readers 24 hours' grace for buying, a novel concession.
  • The TSB September 220p call options, Davis's third nap, have shown promising growth but are still behind the other two naps.
  • The underlying shares in TSB are on the verge of breaking through the critical 250p resistance level, which could lead to a substantial gain in options value.
  • The options from here on move penny for penny with the shares but offer more value due to their gearing.

Statistics:

  • 74.85%: average gain on the Glaxo and Abbey National naps.
  • 47.4%: gain on the Glaxo July 600p call options after being sold for 143p.
  • 102.3%: gain on the Abbey National September 420p call options after being sold for 79p.
  • 220p: current price of the TSB September 220p call options.
  • 33p: current sale price of the TSB options.
  • 38p: previous sale price of the TSB options, showing an 18.7% gain.
  • 250p: critical resistance level for TSB shares.
  • 18.7%: gain on the TSB options in early February.
  • 7.2%: average gain on the nap selections of Davis's distinguished investment panel.
  • 23.6%: average gain on the eight nap selections.

Sources:

  • John Davis, Investment Editor (IT)
  • Financial publication not specified

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