arthur Guest
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Posted: Tue Aug 17, 2004 11:19 am Post subject: ninth update |
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Aug 17th Trading Log (ninth update):
I bought 50 PSFT Oct 17.5 calls at $7,000 (at 16 1/2), bought 50 AMAT Sep 17 puts at $7,500 (at 16), sold 100 SMH Jan 30 calls at $27,500 (about 29 3/4), sold 100 SMH Jan 30 calls at $28,500 (over 29 3/4), bought 100 DIA Sep 100 puts at $16,000 (about 100 1/2), sold 100 QQQ Sep 35 puts at $20,000 (at 33 1/4), sold 100 SMH Nov 32.5 calls at $11,500 (over 29 3/4), sold 100 DIA Oct 98 puts at $18,000 (about 100), sold 200 SMH Nov 32.5 calls at $23,000 (over 29 3/4), and bought 100 AMAT Sep 16 calls at $9,500 (at 16). I may straddle NTAP before the close, if I can find Aug or Sep options cheap enough. I sold the QQQ puts, since SMH and AMAT are holding up well. I sold some puts on pull-backs, since I sold some calls on bounces and want to build-up my cash position. I plan to sell more SMH calls at over 29 3/4, since I sold more puts.
My portfolio is over $900,000 including over $750,000 in cash.
Calls Contracts
SMH Nov 32.5 2004 200
SMH Jan 32.5 2005 400
PSFT Oct 17.5 2004 50
AMAT Sep 16 2004 100
Puts Contracts
DIA Sep 100 2004 200
AMAT Sep 17 2004 50
Portfolio at $500,000 on Jul 1st, 2003 |
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