February 2003 Trades
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 | ||||||||
| ERTS Sept$55C | EZQ IK | 3 | $5.60 | $5.10 | ($150) | $1,530 | $3.75 | $7.60 | Open |
| CAH June$55P | CAH RK | 3 | $3.50 | $3.20 | ($90) | $960 | $2.00 | $5.50 | Open |
| CDWC Mar$50P | DWQ OJ | 2 | $7.10 | $6.40 | ($140) | $1,280 | CDWC>46 | $9.60 | Open |
| NOC Mar$90P | NOC OR | 3 | $4.80 | $4.50 | ($90) | $1,350 | $3.30 | $6.00 | Open |
| Total Value | $5,120 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $2,720 | |||||||||
| BSC Feb$65P | 02/03/2003 | 4 | $2.85 | $1,140 | $3,860 | ||||
| AIG Feb$55P | 02/03/2003 | 4 | $5.30 | $2,120 | $5,980 | ||||
| TRMS Feb$40C | 02/06/2003 | 4 | ($2.55) | ($1,020) | $4,960 | ||||
| NOC Feb$90C | 02/07/2003 | 4 | ($3.90) | ($1,560) | $3,400 | ||||
| CCMP Feb$45P | 02/07/2003 | 4 | ($3.50) | ($1,400) | $2,000 | ||||
| NOC Feb$90C | 02/10/2003 | 4 | $2.40 | $960 | $2,960 | ||||
| TRMS Feb$40C | 02/11/2003 | 4 | $3.50 | $1,400 | $4,360 | ||||
| OMC Apr$60P | 02/12/2003 | 3 | ($6.60) | ($1,980) | $2,380 | ||||
| CCMP Feb$45P | 02/13/2003 | 4 | $3.50 | $1,400 | $3,780 | ||||
| OMC Apr$60P | 02/13/2003 | 3 | $9.00 | $2,700 | $6,480 | ||||
| EXPE Mar$70P | 02/13/2003 | 1 | ($11.90) | ($1,190) | $5,290 | ||||
| CAH June$55P | 02/18/2003 | 3 | ($3.50) | ($1,050) | $4,240 | ||||
| EXPE Mar$70P | 02/21/2003 | 1 | $7.00 | $700 | $4,940 | ||||
| ERTS Sept$55C | 02/21/2003 | 3 | ($5.60) | ($1,680) | $3,260 | ||||
| CDWC Mar$50P | 02/21/2003 | 2 | ($7.10) | ($1,420) | $1,840 | ||||
| NOC Mar$90P | 02/26/2003 | 3 | ($4.40) | ($1,320) | $520 | ||||
| NOC Mar$90P | 02/26/2003 | 3 | $5.30 | $1,590 | $2,110 | ||||
| NOC Mar$90P | 02/27/2003 | 3 | ($4.80) | ($1,440) | $670 | ||||
| Portfolio | Value | $5,790 | |||||||
| February | Profit/(Loss) | $790 |
Spread trades are based on the assumption that we have $2,500 available per trade. We offer trades as we find them. You should not try to make all trades, but pick and choose your spots.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 1/23/03 | Bear Credit Spread | CCMP | February |
Buy To Open Sell To Open |
55 50 |
Call Call |
UKR BK UKR BJ |
-$.25 +$1.10 |
$.85 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| $.85 |
5 |
+$425 |
$2075 | -$0 | +425 | -425 | 90% |
This trade is a bet that CCMP will be below $50 when February options expire on February 22nd.
*This trade expired 2/22/03 for a gain of $425.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price | Net Debit |
| 2/03/03 | Calendar Spread | QCOM | July February |
Buy To Open Sell To Open |
40 40 |
Call Call |
AAW GH AAW BH |
-$4.10 +$0.70 |
$3.40 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| -3.40 |
6 |
-2040 |
$0 | 2220 | 180 | -490* | 0% |
This trade is a bet that QCOM will be below, but near $40 when February options expire on February 22nd.
*This trade closed on 2/12/03 for a $490 Loss.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price | Net Credit |
| 2/05/03 | Bull Credit Spread | NOC | February February |
Buy To Open Sell To Open |
85 90 |
Put Put |
NOC NQ NOC NR |
-$.35 +$1.00 |
$.65 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| .65 |
5 |
+325 |
$2175 | -75 | +250 | -500 | 90% |
This trade is a bet that NOC will be above $90 when February options expire on February 22nd.
*This trade expired 2/22/03 for a gain of $325.
| Date | Trade Type | Underlying Index | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 2/13/03 | Bear Credit Spread | DJX | March |
Buy To Open Sell To Open |
87 82 |
Call Call |
DJX CI DJX CD |
-$.30 +$1.15 |
$.85 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| .85 |
5 |
+425 |
$2075 | -375 | +50 | -425 | 73% |
This trade is a bet that the DJX will be below $82 (The Dow Jones industrial average will be below 8200) when March options expire on March 22nd.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 2/24/03 | Calendar Spread | AZO | September March |
Buy To Open Sell To Open |
70 70 |
Call Call |
AZO IN AZO CN |
$.95 +$5.60 |
4.65 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| -$4.65 |
5 |
-2325 |
$0 | 2375 | +50 | -475 | 43% |
This trade is a bet that AZO will be below, but near $70 when March options expire on March 22nd.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 2/25/03 | Bear Credit Spread | PLMD | March |
Buy To Open Sell To Open |
35 30 |
Call Call |
PM CG PM CF |
-$.35 +$1.30 |
$.95 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| $.95 |
5 |
+475 |
$2025 | -625 | -$150 | -475 | 73% |
This trade is a bet that the PLMD will be below $30 when March options expire on March 22nd.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 2/26/03 | Bear Credit Spread | GS | March |
Buy To Open Sell To Open |
75 70 |
Call Call |
GS CO GS CN |
-$.30 +$1.05 |
$.75 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| $.75 |
5 |
+375 |
$2125 | --725 | -$350 | -375 | 64% |
This trade is a bet that the GS will be below $70 when March options expire on March 22nd.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 2/28/03 | Bull Credit Spread | SYMC | March |
Buy To Open Sell To Open |
40 45 |
Puts Puts |
SYQ OH SYQ OI |
-$.30 +$.90 |
$.60 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
Current Probability of Profit |
| $.60 |
5 |
+300 |
$2200 | --600 | -$300 | -300* | 0% |
This trade is a bet that SYMC will be above $45 when March options expire on March 22nd.
*This trade closed on 2/28/03 for a $300 Loss.
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 | ||||||||
| OEX Apr$380P | OEW PP | 1 | $7.70 | $4.90 | ($280) | $490 | $3.90 | $15.00 | Open |
| MNX Apr$95P | MQX PS | 3 | $4.60 | $3.10 | ($450) | $930 | $2.95 | $6.00 | Open |
| Total Value | $1,420 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $5,000 | |||||||||
| QQQ Feb$27P | 02/04/2003 | 4 | ($3.10) | ($1,240) | $3,760 | ||||
| OEX Apr$380P | 02/11/2003 | 1 | ($9.80) | ($980) | $2,780 | ||||
| QQQ Feb$27P | 02/11/2003 | 4 | $2.45 | $980 | $3,760 | ||||
| MNX Apr$95P | 02/18/2003 | 3 | ($4.60) | ($1,380) | $2,380 | ||||
| OEX Apr$380P | 02/25/2003 | 1 | ($4.60) | ($460) | $1,920 | ||||
| OEX Apr$380P | 02/28/2003 | 1 | $5.00 | $500 | $2,420 | ||||
| Portfolio | Value | $3,840 | |||||||
| February | Profit/(Loss) | ($1,160) |