arthur Guest
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Posted: Thu Sep 16, 2004 11:14 am Post subject: 14th update |
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Sep 16th Trading Log (14th update):
I bought 40 EBAY Sep 95 puts at $4,600 (over 94 1/2), bought 50 EBAY Oct 90 puts at $9,500 (about 95), bought 200 QQQ Nov 36 puts at $29,000 (about 35 1/2), bought 60 EBAY Sep 95 puts at $4,500 (at 95 1/4), bought 100 EBAY Sep 95 puts at $6,500 (about 95 1/2), bought 50 EBAY Oct 90 puts at $8,750 (about 95 3/4), sold 50 EBAY Oct 90 puts at $9,000 (over 95 1/2), sold 100 EBAY Sep 95 puts at $6,000 (about 95 1/2), sold 100 EBAY Sep 95 puts at $6,500 (over 95 1/4), bought 100 INTC Jan 20 calls at $17,000 (about 20 1/4), sold 10 EBAY Sep 100 puts at $5,000 (at 95), sold 50 EBAY Oct 90 puts at $10,000 (at 94 3/4), bought 200 QQQ Nov 36 puts at $29,000 (about 35 1/2), sold 100 EBAY Oct 90 puts at $22,000 (about 94 1/4), sold 400 QQQ Oct 35 puts at $24,000 (over 35 1/4), and bought 100 INTC Apr 22.5 calls at $10,500 (over 20). EBAY options have been frustrating to trade (see EBAY chart at top of page five in Chart Room). EBAY has a gap to close at 90, which it may close next week. Low volatility over an extended period is the worst enviornment for holding options. I bought more QQQ puts to somewhat offset the EBAY puts I sold. INTC may closed at 20 and QQQ at 35, i.e. Sep Max Pain, this week.
My portfolio is over $815,000 including about $610,000 in cash.
Calls Contracts
INTC Jan 20 2005 300
INTC Apr 22.5 2005 300
RMBS Jan 15 2005 20
PSFT Jan 17.5 2005 20
Puts Contracts
QQQ Oct 36 2004 400
QQQ Nov 36 2004 400
OIH Jan 80 2005 20
Portfolio at $500,000 on Jul 1st, 2003 |
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