Options Strategies on Microsoft and Facebook Stocks (C)

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EXCERPTS

After a long discussion, the board members unanimously agreed on the use of Options to reduce volatility and increase the performance of the Fund. However, initially it was decided that Options strategies would be used on a limited basis and only on Microsoft Corporation (Microsoft) and Facebook, Inc. (Facebook), the popular stocks with Newway Fund...

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EXHIBITS

Exhibit I:Background Information about Microsoft Corporation

Exhibit II:Background Information about Facebook, Inc.

Exhibit III:Options Prices of Microsoft (MSFT) and Facebook (FB) Quoted on New York Stock Exchange (NYSE) on March 11, 2015