December 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 |
| Price | Price | |||||||
| CI Jan$55C | CI AK | 4 | $2.50 | $2.60 | $40 | $1,040 | $1.00 | $3.50 |
| INTU Jan$50C | IQU AJ | 4 | $3.10 | $2.65 | ($180) | $1,060 | $1.60 | $4.10 |
| Total Value | $2,100 | |||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | ||
| $2,720 | ||||||||
| PH Dec$50C | 12/1/2003 | 4 | $6.50 | $2,600 | $5,320 | |||
| ABC Jan$65C | 12/2/2003 | 4 | ($2.75) | ($1,100) | $4,220 | |||
| APA Jan$70C | 12/2/2003 | 4 | ($4.40) | ($1,760) | $2,460 | |||
| APA Jan$70C | 12/2/2003 | 4 | $6.90 | $2,760 | $5,220 | |||
| LLTC Dec$40C | 12/5/2003 | 4 | $1.50 | $600 | $5,820 | |||
| ADI Dec$45C | 12/5/2003 | 4 | $3.50 | $1,400 | $7,220 | |||
| CI Jan$55C | 12/8/2003 | 4 | ($2.50) | ($1,000) | $6,220 | |||
| FRX Dec$50C | 12/9/2003 | 4 | $6.10 | $2,440 | $8,660 | |||
| ABC Jan$65C | 12/10/2003 | 4 | $1.25 | $500 | $9,160 | |||
| INTU Jan$50C | 12/10/2003 | 4 | ($3.10) | ($1,240) | $7,920 | |||
| EBAY Jan$55C | 12/11/2003 | 4 | ($3.10) | ($1,240) | $6,680 | |||
| QCOM Jan$50C | 12/12/2003 | 4 | ($2.35) | ($940) | $5,740 | |||
| EBAY Jan$55C | 12/15/2003 | 4 | $4.80 | $1,920 | $7,660 | |||
| RTH Jan$85C | 12/17/2003 | 4 | ($3.90) | ($1,560) | $6,100 | |||
| BBY Jan$50C | 12/18/2003 | 4 | ($3.50) | ($1,400) | $4,700 | |||
| BBY Jan$50C | 12/22/2003 | 4 | $2.00 | $800 | $5,500 | |||
| QCOM Jan$50C | 12/23/2003 | 4 | $4.00 | $1,600 | $7,100 | |||
| IRF Jan$50P | 12/24/2003 | 4 | ($3.10) | ($1,240) | $5,860 | |||
| RTH Jan$85C | 12/31/2003 | 4 | $6.00 | $2,400 | $8,260 | |||
| IRF Jan$50P | 12/31/2003 | 4 | $2.70 | $1,080 | $9,340 | |||
| Portfolio | Value | $11,440 | ||||||
| December | Profit/(Loss) | $1,440 |
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 |
| 11/28/03 | Bear Debit Spread | QCOM | January January |
Buy To Open Sell To Open |
50 45 |
Puts Puts |
AAO MJ AAO MI |
-5.60 +2.30 |
$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 | $1470 | -840* | -500 |
* This position stopped out on 12/4 after QCOM increased earnings estimates and gapped up four points.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 12/5/03 | Calendar Spread | IMCL | May January |
Buy To Open Sell To Open |
50 50 |
Calls Calls |
QCI EJ QCI AJ |
-4.40 +1.20 |
$3.20 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -3.20 |
7 |
-$2240 |
$0 | $1960 | -280 | -800 |
Ideally, IMCL will rise to just below 50 by Jan. 17th. If that should happen the options we sold will expire worthless, and we will sell the options we bought at a profit.
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 Positions | 0 | $0.00 | $0.00 | $0 | $0 | $0.00 | $0.00 | ||
| Total Value | $0 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $5,000 | |||||||||
| OEX Dec$520C | 11/3/2003 | 1 | ($13.80) | ($1,380) | $3,620 | ||||
| OEX Dec$520C | 11/3/2003 | 1 | $8.00 | $800 | $4,420 | ||||
| MNX Dec$137.50P | 11/20/2003 | 4 | ($4.40) | ($1,760) | $2,660 | ||||
| MNX Dec$137.50P | 11/24/2003 | 4 | $2.70 | $1,080 | $3,740 | ||||
| OEX Jan$525C | 12/8/2003 | 1 | ($10.50) | ($1,050) | $2,690 | ||||
| OEX Jan$525C | 12/15/2003 | 1 | $16.00 | $1,600 | $4,290 | ||||
| MNX Jan$140C | 12/16/2003 | 4 | ($4.30) | ($1,720) | $2,570 | ||||
| MNX Jan$140C | 12/23/2003 | 4 | $6.00 | $2,400 | $4,970 | ||||
| Portfolio | Value | $4,970 | |||||||
| December | Profit/(Loss) | ($30) |