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Mar 13th Model Portfolio (Limit Orders for Tue, Revised)

 
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PostPosted: Mon Mar 13, 2006 7:33 pm    Post subject: Mar 13th Model Portfolio (Limit Orders for Tue, Revised) Reply with quote

Mar 13th Model Portfolio (Limit Orders for Tue, Revised):

This portfolio will be updated each night. Less than 10 trades a month are expected. Limit Order adjustments will be noted one trading day in advance. Completed trades at bottom of page.

The SPY Apr 130 puts opened at 2.40 and the buy order was set at 2.50. However, volume wasn't large. So, the execution price will be adjusted to 2.45. A new buy order is set and should be executed if SPY rises above 129 1/4. The first sell order should be sold below 128 1/2, the second sell order above 128, and the third below 127 3/4. If SPX futures are very high or very low, order adjustments may be made before the open, which will be noted.

Mon Executions:

B6) Bought 1,000 SPY Apr 130 puts at 2.45 = $245,000
B7) Bought 2,000 SPY Apr 130 puts at 2.30 = $460,000

Tue Buy Order:

B8] 1,000 SPY Apr 130 puts at 2.10 = $210,000

Tue Sell Orders:

S6] 1,000 SPY Apr 130 puts at 2.80 = $280,000
S7] 1,000 SPY Apr 130 puts at 3.00 = $300,000
S8] 1,000 SPY Apr 130 puts at 3.20 = $320,000

This Week's Trailing Stop Loss: 130.50

My portfolio is about $1,375,000 including about $640,000 in cash.

Calls Contracts

None

Puts Contracts

SPY Apr 130 2006 3,000

Portfolio at $1,000,000 on Mar 1st, 2006. This model portfolio will be compared to the Trading Portfolio for performance. Each trade will consist of roughly one-fourth of the portfolio. Options will normally be held for one to three months or until price targets, including stop losses, are reached. Few trades will be made. Option buying and selling prices will be listed one day in advance. This portfolio is for investors, who are too busy to watch the market closely (commissions $1 per contract).

Completed Trades (most recent first):

B5) 1,000 SPY Apr 130 puts at 2.70 = $270,000 3/9
S5) 1,000 SPY Apr 130 puts at 3.40 = $340,000 3/10 +26% return.

B4) 1,000 SPY Apr 130 puts at 2.20 = $220,000 3/2
S4) 1,000 SPY Apr 130 puts at 3.00 = $300,000 3/6 +36% return.

B3) 1,500 IWM Apr 73 puts at 1.40 = $210,000 3/1
S3) 1,500 IWM Apr 73 puts at 1.80 = $270,000 3/6 +29% return.

B2) 1,500 DIA Apr 111 puts at 1.70 = $255,000 3/1
S2) 1,500 DIA Apr 111 puts at 2.20 = $330,000 3/6 +29% return.

B1) 1,500 DIA Apr 110 puts at 1.50 = $225,000 3/1
S1) 1,500 DIA Apr 110 puts at 2.00 = $300,000 3/6 +33% return.

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