arthur Guest
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Posted: Mon Aug 16, 2004 11:12 am Post subject: fifth update |
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Aug 16th Trading Log (fifth update):
I sold 300 SMH Jan 35 calls at $27,000 (over 29 1/4), bought 100 DIA Sep 100 puts at $21,500 (about 99 1/2), sold 100 SMH Jan 30 calls at $26,000 (about 29 1/2), bought 100 SMH Nov 32.5 calls at $10,000 (about 29 1/4), and bought 100 QQQ Sep 35 puts at $21,500 (about 33 1/4). I believe, SMH will rise to 30 sometime this week. It seems, the market is pulling SMH higher rather than SMH leading the market higher, which may be bearish.
My portfolio is at $895,000 including about $665,000 in cash.
Calls Contracts
SMH Nov 32.5 2004 500
SMH Jan 30 2005 200
SMH Jan 32.5 2005 400
Puts Contracts
QQQ Sep 35 2004 100
DIA Sep 100 2004 100
DIA Oct 98 2004 100
Portfolio at $500,000 on Jul 1st, 2003 |
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