arthur Guest
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Posted: Wed Aug 18, 2004 4:25 am Post subject: Aug 18th (Premarket) |
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Aug 18th Trading Log (Premarket):
Premarket: I plan to sell the AMAT puts, after the open, since they may rise higher. Also, SMH is expected to open higher and DIA is expected to open lower. So, I may sell some SMH calls and DIA puts (to continue building-up cash). Oil is over $47 a barrel. A fall in oil prices may send the Dow higher (it's somewhat surprising oil stocks are significantly off their highs). Also, I may buy more PSFT calls (see Top Stock Picks).
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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