arthur Guest
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Posted: Fri Sep 10, 2004 10:40 am Post subject: ninth update |
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Sep 10th Trading Log (ninth update):
I sold the PSFT calls and puts at $47,400 [over 19 3/4], sold 100 DIA Oct 103 puts at $17,000 [over 102 1/2], bought 50 EBAY Sep 90 puts at $10,500 [about 88 1/2], bought 20 PSFT Jan 17.5 calls at $6,000 [over 19 3/4], bought 100 QQQ Oct 35 puts at $9,000 [over 34 3/4], sold 50 EBAY Sep 90 puts at $13,000 [at 87 3/4], bought 200 QQQ Oct 36 puts at $29,000 [over 34 3/4], bought 50 EBAY Oct 90 puts at 21,000 [over 88 1/4], sold 300 INTC Jan 22.5 calls at $22,500 [about 20 1/2], and sold 50 OIH Oct 75 puts at $9,250 [over 76]. The implied volatility of the PSFT calls fell. So, I bought calls. The Nasdaq Oscillator 20 day MA is at a very high level, which suggests the market will fall over next few weeks (see page one of Chart Room).
My portfolio is about $855,000 including over $715,000 in cash.
Calls Contracts
INTC Oct 20 2004 200
PSFT Jan 17.5 2005 20
Puts Contracts
QQQ Oct 35 2004 400
QQQ Oct 36 2004 200
OIH Jan 80 2005 20
EBAY Oct 85 2004 50
EBAY Oct 90 2004 50
Portfolio at $500,000 on Jul 1st, 2003 |
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