July 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 |
Close Date |
|
Price |
Price |
| |||||||
|
| |||||||||
|
IBM Sep$85C |
IBM IQ |
5 |
$3.20 |
$3.40 |
$100 |
$1,700 |
$1.60 |
$5.00 |
Open |
|
NVLS Sep$25C |
NLQ IE |
5 |
$3.10 |
$2.90 |
($100) |
$1,450 |
$1.55 |
$5.00 |
Open |
|
| |||||||||
|
Total Value |
$3,150 |
| |||||||
|
| |||||||||
|
Bought |
Sold |
Date |
Contracts |
Price |
Total |
Cash |
| ||
|
$10,000 |
| ||||||||
|
| |||||||||
|
AMZN Aug$47.50P |
7/9/2004 |
10 |
($2.40) |
($2,400) |
$7,600 |
| |||
|
ADI Aug$40P |
7/14/2004 |
10 |
($1.75) |
($1,750) |
$5,850 |
| |||
|
AMZN Aug$47.50P |
7/19/2004 |
10 |
$3.80 |
$3,800 |
$9,650 |
| |||
|
ADI Aug$40P |
7/19/2004 |
10 |
$2.25 |
$2,250 |
$11,900 |
| |||
|
APOL Aug$90P |
7/26/2004 |
7 |
($4.20) |
($2,940) |
$8,960 |
| |||
|
MZIM Sep$45P |
7/27/2004 |
5 |
($2.10) |
($1,050) |
$7,910 |
| |||
|
APOL Aug$90P |
7/28/2004 |
7 |
$7.00 |
$4,900 |
$12,810 |
| |||
|
MXIM Sep$45P |
7/29/2004 |
5 |
$1.50 |
$750 |
$13,560 |
| |||
|
IBM Sep$85C |
7/29/2004 |
5 |
($3.20) |
($1,600) |
$11,960 |
| |||
|
NVLS Sep$25C |
7/30/2004 |
5 |
($3.10) |
($1,550) |
$10,410 |
| |||
|
| |||||||||
|
Portfolio |
Value |
$13,150 |
| ||||||
|
July |
Profit/(Loss) |
$3,150 |
|
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 6/14/04 | Calendar Spread | GDT | Jan July |
Buy To Open Sell To Open |
55 55 |
Puts Puts |
GDT MK GDT SK |
-4.20 +1.50 |
$2.70 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -2.70 |
8 |
-$2160 |
$0 | 2880 | +1200* | +700 |
Maximum profit is achieved if GDT closes just above 55 as of expiration day for July options on July 17.
* This trade closed out on 7/16 for a profit of $1200.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 6/16/04 | Bear Debit Spread | ADP | July July |
Buy To Open Sell To Open |
45 42.50 |
Puts Puts |
ADP RI ADP SV |
--1.65 +.45 |
$1.20 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -1.20 |
20 |
-$2400 |
$0 | 4800 | +2400* | -1000 |
Maximum profit is achieved if ADP closes just above 42.50 as of expiration day for July options on July 17.
* This trade closed out on 7/6 for a profit of $2400.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 6/17/04 | Calendar Spread | ESI | July October |
Sell To Open Buy To Open |
40 40 |
Puts Puts |
ESI SH ESI VH |
+2.05 -4.50 |
-$2.45 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -2.45 |
9 |
-$2205 |
$0 | 1405* | +225 | -800 |
Maximum profit is achieved if ESI closes just above 40 as of expiration day for July options on July 17.
*This trade stopped out on July 12 for an $800 loss.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 7/9/04 | Credit Spread | ACS | August August |
Sell To Open Buy To Open |
50 55 |
Calls Calls |
ACS HJ ACS HK |
+2.95 -.85 |
$2.45 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +2.10 |
7 |
+$1470 |
$2030 | -1610 | -140 | -800 |
Maximum profit is achieved if ACS closes below 50 when August options expire on August 21st. If that happens, both options will expire worthless and we will keep the $1470 Credit we got when putting on the trade.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 728/04 | Bear Debit Spread | CCL | August August |
Buy To Open Sell To Open |
45 42.50 |
Puts Puts |
CCL TI CCL TV |
-.95 +.30 |
$0.65 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -0.65 |
30 |
-$1950 |
$0 | 1350 | -600 | -1950 |
Maximum profit (about 100%) is achieved if CCL closes below at or below $42.50 as of expiration day for August options on August 21st. . (Actually, if CCL closes just above $42.50, the options we sold will expire worthless and we won't have to spend commission money to close them out.)
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 Sep$540C | OEB IH | 2 | $11.60 | $10.60 | ($200) | $2,120 | $6.00 | $16.50 | |
| Total Value | $2,120 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $5,000 | |||||||||
| MNX Aug$137.50P | 7/8/2004 | 10 | ($2.00) | ($2,000) | $3,000 | ||||
| SPX Aug$1100P | 7/14/2004 | 1 | ($15.30) | ($1,530) | $1,470 | ||||
| MNX Aug$137.50P | 7/14/2004 | 10 | $2.90 | $2,900 | $4,370 | ||||
| SPX Aug$1100P | 7/20/2004 | 1 | $15.30 | $1,530 | $5,900 | ||||
| SPX Aug$1125C | 7/21/2004 | 1 | ($10.50) | ($1,050) | $4,850 | ||||
| SPX Aug$1125C | 7/21/2004 | 1 | $5.25 | $525 | $5,375 | ||||
| OEX Sep$540C | 7/29/2004 | 2 | ($11.60) | ($2,320) | $3,055 | ||||
| Portfolio | Value | $5,175 | |||||||
| July | Profit/(Loss) | $175 |