Fitness Challenge Underway to Help Those With Multiple Sclerosis [VIDEO]
Over the next hour, more than 150 people take a glowstick in each hand and follow two apparently Duracell-powered instructors through a Nineties rave-themed routine that includes a combination of aerobics, lunges and dance moves including what some nostalgic ravers may regard as the genre-defining manoeuvre “Big Fish, Little Fish, Cardboard Box”. The event is a variation on a theme that first became popular in New York, where it was pioneered by Barry’s Bootcamp. The fitness franchise counts Kim Kardashian as its cheerleader-in-chief and boasts a star-spangled clientele that also includes Jake Gyllenhaal, Jessica Alba and Katie Holmes. Fitness parties, as the Barry’s Bootcamp versions are called, see evangelical instructors don “Britney mics” to spur on punters who will each spend up to 20 for a Saturday-night session of high-intensity interval training punctuated by breaks in which shots are downed en masse although it’s antioxidant fruit smoothies all round, rather than anything alcoholic. Champagne does feature in classes run by SoulCycle (a US cycling workout, previously featured in The Independent, that will set up a London studio in 2014), but only as a crowd-pleasing gimmick used to spray participants with a cooling mist as they furiously pedal away amid thumping music and strobe lighting. The London rave event which is run by Fitness Freak and is actually a steroid-enhanced version of a class offered by the gym chain Gymbox is the first to bring the professionalism and polish of the US trend to the UK. But it puts a different slant on proceedings, largely thanks to the music that’s played. When the session comes to an end, tracks such as “Rhythm is a Dancer” and 2 Unlimited’s “No Limit” give way to the Spice Girls’ “Always Be There” as the tempo slows and the warm-down begins. Unprompted, everyone in the room sings along to every word. Afterwards, as people catch their breath, chat and sip on cartons of coconut water, there is an overwhelmingly positive vibe. “I’m buzzing, I’m in such a good mood now.
The event was created by David Lyons, who also suffers from Multiple Sclerosis, as a way to help those with MS try and fight this disease like he did. My goal was to get on a body building stage as soon as I can to prove to the world that even though I had MS I could still overcome this disease, says Lyons. This 12 week program with pair those who have MS with a trainer and help build the muscles that the disease trys to take away. Were trying to help them create a goal and help them achieve the next level of fitness, or mobility or better living, says Fitness Evolution Club Owner Brad Kloss. Throughout the day Fitness Evolution, in Sartell, will hold a live auction, zumbathon, food vendors, silent auction, as well as a live concert from Country Music Singer Julie Roberts which will start at 2:00 p.m. Im very blessed that I can travel around singing my music and telling people about MS, says Roberts, who also has MS. And telling those with it you can come and work out, and you can live a normal life, and you can follow your dreams. All the proceeds from the auction will then go into funding for trainers and memberships to those participating in the MS Fitness Challenge. Fitness Evolution holds an auction to raise money for the MS Fitness Challenge. (Photo: Alex Svejkovsky, WJON News)
Commit To Buy Life-Time Fitness At $50, Earn 7.8% Annualized
One interesting put contract in particular, is the February 2014 put at the $50 strike, which has a bid at the time of this writing of $2.15. Collecting that bid as the premium represents a 4.3% return against the $50 commitment, or a 7.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost). Click here to find out the Top YieldBoost Puts of the S&P 500 Selling a put does not give an investor access to LTMs upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $50 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Life-Time Fitness Inc sees its shares fall 7.5% and the contract is exercised (resulting in a cost basis of $47.85 per share before broker commissions, subtracting the $2.15 from $50), the only upside to the put seller is from collecting that premium for the 7.8% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Life-Time Fitness Inc, and highlighting in green where the $50 strike is located relative to that history: The chart above, and the stocks historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the February 2014 put at the $50 strike for the 7.8% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Life-Time Fitness Inc (considering the last 249 trading day closing values as well as todays price of $54.01) to be 33%.