August 2003 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 | Close Date |
| Price | Price | ||||||||
| RDN Nov$45P | RDN WI | 4 | $3.60 | $1.85 | ($700) | $740 | $1.80 | $5.00 | Open |
| BGEN Oct$37.50C | BGQ JU | 4 | $2.90 | $3.20 | $120 | $1,280 | $1.45 | $4.50 | Open |
| QLGC Sep$47.50C | QLC IW | 4 | $2.70 | $2.55 | ($60) | $1,020 | $1.50 | $4.00 | Open |
| SNPS Sep$65C | YPQ IM | 4 | $3.90 | $4.10 | $80 | $1,640 | $2.50 | $5.40 | Open |
| GS Sep$85C | GS IQ | 4 | $3.20 | $4.30 | $440 | $1,720 | $1.70 | $4.50 | Open |
| Total Value | $6,400 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $3,310 | |||||||||
| RDN Nov$45P | 8/4/2003 | 4 | ($3.60) | ($1,440) | $1,870 | ||||
| AZO Dec$80C | 8/5/2003 | 3 | $6.00 | $1,800 | $3,670 | ||||
| LXK Oct$70C | 8/6/2003 | 4 | $1.00 | $400 | $4,070 | ||||
| BBY Dec$42.50C | 8/7/2003 | 3 | $6.50 | $1,950 | $6,020 | ||||
| CYMI Sep$40P | 8/7/2003 | 4 | ($4.50) | ($1,800) | $4,220 | ||||
| EBAY Sep$105C | 8/14/2003 | 4 | ($3.20) | ($1,280) | $2,940 | ||||
| EBAY Sep$105C | 8/18/2003 | 4 | $5.00 | $2,000 | $4,940 | ||||
| CYMI Sep$40P | 8/18/2003 | 4 | $2.00 | $800 | $5,740 | ||||
| BGEN Oct$37.50C | 8/18/2003 | 4 | ($2.90) | ($1,160) | $4,580 | ||||
| QLGC Sep$45C | 8/21/2003 | 4 | ($3.90) | ($1,560) | $3,020 | ||||
| QLGC Sep$45C | 8/22/2003 | 4 | $6.00 | $2,400 | $5,420 | ||||
| QLGC Sep$47.50C | 8/27/2003 | 4 | ($2.70) | ($1,080) | $4,340 | ||||
| ASD Oct$70C | 8/28/2003 | 3 | $9.40 | $2,820 | $7,160 | ||||
| SNPS Sep$65C | 8/28/2003 | 4 | ($3.90) | ($1,560) | $5,600 | ||||
| GS Sep$85C | 8/28/2003 | 4 | ($2.70) | ($1,080) | $4,520 | ||||
| Portfolio | Value | $10,920 | |||||||
| August | Profit/(Loss) | $920 |
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 Credit |
| 7/16/03 | Credit Spread | BZH | August August |
Buy To Open Sell To Open |
90 85 |
Calls Calls |
BZH HR BZH HQ |
-.95 +2.10 |
$1.15 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +1.15 |
5 |
+575 |
$1925 | 0 | +575* | -500 |
This trade is a bet that BZH will be below 85 when August options expire on August 16. Should that happen, both the options we bought, and the options we sold will expire worthless, and we will keep the $575 credit we received when putting on the play.
* This trade expired on August 16 for a profit of $575.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 7/25/03 | Calendar Spread | QLGC | Jan Aug |
Buy To Open Sell To Open |
50 50 |
Calls Calls |
QLC AJ QLC HJ |
-3.90 +.45 |
-$3.45 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -3.45 |
7 |
-2415 |
0 | 2660 | +245* | -700 |
This Calendar Spread on QLGC requires that QLGC approaches, but does not exceed 50 when the August options expire on August 16 for maximum profit.
*This trade closed out on 8/19 for a gain of $245.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 7/31/03 | Calendar Spread | FRX | Feb Aug |
Buy To Open Sell To Open |
50 50 |
Calls Calls |
FHA BJ FHA HJ |
-4.20 +.90 |
-$3.30 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -3.30 |
7 |
-2310 |
0 | 1855 | -455* | -700 |
This Calendar Spread on FRX requires that FRX approaches, but does not exceed 50 when the August options expire on August 16 for maximum profit.
*This trade closed out on 8/19 for a loss of $455.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 8/15/03 | Credit Spread | KBH | September September |
Buy To Open Sell To Open |
65 60 |
Calls Calls |
KBH IM KBH IL |
-.45 +1.45 |
$1.00 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +1.00 |
5 |
+500 |
$2000 | -300 | +200 | -500 |
This trade is a bet that KBH will be below 60 when September options expire on September 20th. Should that happen, both the options we bought, and the options we sold will expire worthless, and we will keep the $500 credit we received when putting on the spread.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 8/20/03 | Credit Spread | OVTI | September September |
Buy To Open Sell To Open |
35 40 |
Puts Puts |
UCM UG UCM UH |
-.95 +2.00 |
$.1.05 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +1.05 |
5 |
+525 |
$1975 | -175 | +350 | -500 |
This trade is a bet that OVTI will be above 40 when September options expire on September 20th.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 8/26/03 | Debit Spread | BSX | September September |
Buy To Open Sell To Open |
65 70 |
Calls Calls |
BSX IM BSX IN |
-3.20 +1.10 |
-2.10 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -2.10 |
10 |
-2100 |
$0 | 1350 | -750* | -750 |
Maximum profit is achieved if the stock closes just below 70 on September 20. If this happens the calls you sold will expire worthless without costing you commissions to close out the trade, and you will sell the calls you bought at a profit.
*This trade stopped out on 8/28 for a loss of $750.
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 | ||||||||
| QQQ Oct$30C | QAV JD | 4 | $2.90 | $3.70 | $320 | $1,480 | $1.65 | $4.25 | |
| OEX Oct$510C | OEB JB | 1 | $9.30 | $9.70 | $40 | $970 | $4.70 | $13.50 | |
| Total Value | $2,450 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $3,280 | |||||||||
| DJX Aug$88C | 8/4/2003 | 4 | $3.00 | $1,200 | $4,480 | ||||
| MNX Sep$120P | 8/7/2003 | 3 | ($4.80) | ($1,440) | $3,040 | ||||
| MNX Sep$120P | 8/15/2003 | 3 | $1.95 | $585 | $3,625 | ||||
| QQQ Oct$30C | 8/19/2003 | 4 | ($2.90) | ($1,160) | $2,465 | ||||
| OEX Oct$510C | 8/28/2003 | 1 | ($9.30) | ($930) | $1,535 | ||||
| Portfolio | Value | $3,985 | |||||||
| August | Profit/(Loss) | ($1,015) |