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Joined: 28 Dec 2005 Posts: 11979
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Posted: Thu Sep 13, 2007 10:34 am Post subject: Sep 13th Trading Log (Mid-Afternoon Update) |
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Sep 13th Trading Log (Mid-Afternoon Update):
Sold 20 PFE Jan 20 calls at $9,600 [at 24 1/2], and sold 20 WMT Jan 40 calls at $10,000 [over 43 1/4]. Perhaps, it's better to sell calls than buy puts, at this point, and wait for an overreaction to upside or downside, given mixed indicators.
My portfolio is over $215,000 including over $155,000 in cash.
Calls Contracts
C Dec 45 2007 100
KBH Jan 25 2008 20
KKD Oct 2.5 2007 100
SIMG Dec 7.5 2007 200
Puts Contracts
None
Portfolio at $100,000 on Jul 1st, 2007. Portfolio stop loss is raised to $150,000 (stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses in "irrational" market periods). |
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