April 2004 Trades
This portfolio begins the first day of each month with $10,000 made up of the open positions from the previous month plus cash.
Disclaimer: This chart is for demonstration purposes only. No representation is made that these same returns are achieved by our subscribers. Remember, past performance is no guarantee of future results.
We suggest that when this portfolio is in negative territory most traders would best be served by standing aside.
| Position | Symbol | Contracts | Entry | Current | Profit/Loss | Value | Stop | Goal |
| Price | Price | |||||||
| CTSH July$45C | UPU GI | 4 | $5.20 | $2.80 | ($960) | $1,120 | $2.50 | $7.00 |
| EBAY July$80P | XBA SP | 4 | $4.00 | $4.40 | $160 | $1,760 | $2.40 | $6.50 |
| Total Value | $2,880 | |||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | ||
| $680 | ||||||||
| NTES Jun$45P | 4/1/2004 | 4 | $3.00 | $1,200 | $1,880 | |||
| CTSH Jul $45P | 4/2/2004 | 4 | $3.00 | $1,200 | $3,080 | |||
| MERQ Jul$40C | 4/2/2004 | 4 | $8.00 | $3,200 | $6,280 | |||
| VAR May$80C | 4/2/2004 | 4 | $10.00 | $4,000 | $10,280 | |||
| QLGC Jul$32.50C | 4/5/2004 | 2 | ($3.20) | ($640) | $9,640 | |||
| ETM Jun$45C | 4/9/2004 | 6 | ($3.20) | ($1,920) | $7,720 | |||
| XLNX Jun$40C | 4/9/2004 | 4 | ($3.00) | ($1,200) | $6,520 | |||
| OMC May$80C | 4/9/2004 | 4 | ($3.90) | ($1,560) | $4,960 | |||
| ETM Jun$45C | 4/12/2004 | 6 | $5.00 | $3,000 | $7,960 | |||
| XLNX Jun$40C | 4/15/2004 | 4 | $1.50 | $600 | $8,560 | |||
| MXIM May$50P | 4/15/2004 | 4 | ($3.60) | ($1,440) | $7,120 | |||
| IRF June$45P | 4/16/2004 | 4 | ($3.30) | ($1,320) | $5,800 | |||
| WMT Apr$60C | 4/16/2004 | 4 | $0.00 | $0 | $5,800 | |||
| QLGC Jul$32.50C | 4/19/2004 | 2 | $1.00 | $200 | $6,000 | |||
| MXIM May$50P | 4/21/2004 | 4 | $5.00 | $2,000 | $8,000 | |||
| CTSH July$45C | 4/21/2004 | 4 | ($5.20) | ($2,080) | $5,920 | |||
| OMC May$80C | 4/23/2004 | 4 | $2.00 | $800 | $6,720 | |||
| IRF June$45P | 4/28/2004 | 4 | $4.60 | $1,840 | $8,560 | |||
| EBAY July$80P | 4/30/2004 | 4 | ($4.00) | ($1,600) | $6,960 | |||
| Portfolio | Value | $9,840 | ||||||
| April | Profit/(Loss) | ($160) |
Spread trades are based on the assumption that we have $2,500 available per trade. We offer trades as we find them. You should not try to make all trades, but pick and choose your spots.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 4/13/04 | Calendar Spread | GS | Oct. May |
Buy To Open Sell To Open |
110 110 |
Calls Calls |
GS JB GS EB |
-4.40 +.85 |
$3.55 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -3.55 |
7 |
-$2485 |
$0 | 1485 | (1000*) | -1000 |
Ideally, GS will rise to just below 110 by May 21st. If that should happen, the options we sold will expire worthless, and we will sell the options we bought at a profit.
This trade stopped out on 4/29 for a loss of $1000.
This portfolio begins the first day of each month with $5,000 made up of the open positions from the previous month plus cash.
Disclaimer: This chart is for demonstration purposes only. No representation is made that these same returns are achieved by our subscribers. Remember, past performance is no guarantee of future results.
We suggest that when this portfolio is in negative territory most traders would best be served by standing aside.
| Position | Symbol | Contracts | Entry | Current | Profit/Loss | Value | Stop | Goal | Close Date |
| Price | Price | ||||||||
| No Open Trades | $0 | $0 | $0.00 | $0.00 | |||||
| Total Value | $0 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $5,000 | |||||||||
| MNX $142.50C | 4/1/2004 | 4 | ($6.50) | ($2,600) | $2,400 | ||||
| MNX $142.50C | 4/2/2004 | 4 | $8.50 | $3,400 | $5,800 | ||||
| OEX May$555C | 4/5/2004 | 1 | ($14.40) | ($1,440) | $4,360 | ||||
| OEX May$555C | 4/14/2004 | 1 | $8.00 | $800 | $5,160 | ||||
| MNX June$147.50C | 4/17/2004 | 4 | ($6.10) | ($2,440) | $2,720 | ||||
| MNX June$147.50C | 4/29/2004 | 4 | $3.00 | $1,200 | $3,920 | ||||
| Portfolio | Value | $3,920 | |||||||
| April | Profit/(Loss) | ($1,080) |