arthur Guest
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Posted: Wed Aug 25, 2004 9:30 am Post subject: seventh update |
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Aug 25th Trading Log (seventh update):
I bought 100 SMH Nov 30 calls at $19,000 (over 29 1/2), sold 20 EBAY Oct 80 puts at $5,900 (about 83 1/4), bought 100 QQQ Oct 35 puts at $15,500 (about 34 1/4), bought 20 EBAY Sep 85 puts at $5,800 (at 84 1/4), bought 50 EBAY Sep 80 puts at $4,750 (over 84 3/4), sold 300 SMH Jan 32.5 calls at $54,000 (over 30 1/4), and sold 100 SMH Nov 30 calls at $23,000 (over 30 1/4). EBAY Sep Max Pain is currently 82 1/2. However, I plan to buy EBAY puts on bounces. QQQ is way overvalued compared to SMH. If the market pulls-back, I'll sell some puts, since I sold some calls.
My portfolio is at $900,000 including about $765,000 in cash.
Calls Contracts
SMH Nov 30 2004 200
RMBS Jan 10 2005 10
KKD Oct 15 2004 50
PSFT Oct 17.5 2004 100
Puts Contracts
DIA Sep 102 2004 100
QQQ Oct 35 2004 200
EBAY Sep 80 2004 100
EBAY Sep 85 2004 20
KKD Oct 15 2004 20
PSFT Oct 17.5 2004 10
Portfolio at $500,000 on Jul 1st, 2003 |
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