arthur Guest
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Posted: Thu Aug 19, 2004 9:14 am Post subject: fourth update |
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Aug 19th Trading Log (fourth update):
I sold 50 DIA Oct 100 puts at $10,500 (about 101), sold 100 DIA Sep 100 puts at $14,500 (at 100 3/4), bought 50 INTC Jan 22.5 calls at $9,000 (at 22), and bought 10 RMBS Jan 10 calls at $4,400 (about 13 1/4). I bought INTC calls to hedge the DIA puts, which have huge leverage (perhaps, I'll eventually make gains on both calls and puts, while managing risk).
My portfolio is at $910,000 including over $800,000 in cash.
Calls Contracts
SMH Nov 32.5 2004 100
SMH Jan 32.5 2005 200
INTC Jan 22.5 2005 50
RMBS Jan 10 2005 10
PSFT Sep 17.5 2004 50
PSFT Oct 17.5 2004 50
Puts Contracts
DIA Sep 100 2004 200
PSFT Oct 17.5 2004 10
Portfolio at $500,000 on Jul 1st, 2003 |
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