January 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 | |||||||
| No Open Trades | 0 | $0.00 | $0.00 | $0 | $0 | $0.00 | $0.00 | |
| Total Value | $0 | |||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | ||
| $7,900 | ||||||||
| INTU Jan$50C | 1/16/2004 | 4 | $1.00 | $400 | $8,300 | |||
| QLGC Feb$65C | 1/8/2004 | 2 | ($4.30) | ($860) | $7,440 | |||
| IVGN Feb$65C | 1/8/2004 | 4 | ($5.70) | ($2,280) | $5,160 | |||
| CI Jan$55 C | 1/9/2004 | 4 | $2.40 | $960 | $6,120 | |||
| CCMP Feb$50C | 1/9/2004 | 4 | ($4.90) | ($1,960) | $4,160 | |||
| QLGC Feb$50C | 1/12/2004 | 2 | $2.70 | $540 | $4,700 | |||
| NVLS Feb$42.50C | 1/12/2004 | 4 | ($2.95) | ($1,180) | $3,520 | |||
| IVGN Feb$65C | 1/14/2004 | 4 | $8.00 | $3,200 | $6,720 | |||
| GS Feb$95C | 1/14/2004 | 4 | ($5.00) | ($2,000) | $4,720 | |||
| NVLS Feb$42.50C | 1/15/2004 | 4 | $1.55 | $620 | $5,340 | |||
| GS Feb$95C | 1.15/4 | 4 | $7.00 | $2,800 | $8,140 | |||
| CTSH Feb$50P | 1/15/2004 | 4 | ($2.95) | ($1,180) | $6,960 | |||
| CECO Feb$50P | 1/15/2004 | 4 | ($4.60) | ($1,840) | $5,120 | |||
| CCMP Feb$50C | 1/15/2004 | 4 | $7.50 | $3,000 | $8,120 | |||
| CECO Feb$50P | 1/20/2004 | 4 | $3.10 | $1,240 | $9,360 | |||
| MUR Feb$60C | 1/20/2004 | 4 | ($4.30) | ($1,720) | $7,640 | |||
| CTSH Feb$50P | 1/20/2004 | 4 | $1.45 | $580 | $8,220 | |||
| MXIM Feb$50C | 1/26/2004 | 2 | ($5.00) | ($1,000) | $7,220 | |||
| MXIM Feb$50C | 1/27/2004 | 2 | $3.90 | $780 | $8,000 | |||
| MUR Feb$60C | 1/28/2004 | 4 | $3.10 | $1,240 | $9,240 | |||
| AMZN Feb$50P | 1/29/2004 | 5 | ($4.70) | ($2,350) | $6,890 | |||
| AMZN Feb$50P | 1/29/2004 | 5 | $6.00 | $3,000 | $9,890 | |||
| Portfolio | Value | $9,890 | ||||||
| January | Profit/(Loss) | ($110) |
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 |
| 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 | $2660* | +420 | -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 trade closed out on 1/20, after the near term option expired, for a profit of $420,
| 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 | August February |
Buy To Open Sell To Open |
50 50 |
Calls Calls |
QCI HJ QCI BJ |
-5.30 +1.30 |
$4.00 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -4.00 |
5 |
-$2000 |
$0 | 1550 | -450 | -750 |
Ideally, IMCL will rise to just below 50 by Feb 21. 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 | ||||||||
| MNX Feb$150P | MNX NJ | 4 | $4.10 | $3.20 | ($360) | $1,280 | $2.10 | $6.50 | |
| Total Value | $1,280 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $5,000 | |||||||||
| MNX Feb$150P | 1/29/2003 | 4 | ($4.30) | ($1,720) | $3,280 | ||||
| Portfolio | Value | $4,560 | |||||||
| January | Profit/(Loss) | ($440) |