June 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 | ||||||||
| INTU July$45C | IQU GI | 4 | $1.50 | $1.20 | ($120) | $480 | $0.00 | $3.00 | Open |
| ADI July$30C | ADI GF | 4 | $4.00 | $4.80 | $320 | $1,920 | $2.70 | $6.50 | Open |
| Total Value | $2,400 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $7,040 | |||||||||
| FNM June$70C | 6/4/2003 | 4 | $5.50 | $2,200 | $9,240 | ||||
| AZO July$80C | 6/4/2003 | 3 | ($5.40) | ($1,620) | $7,620 | ||||
| ZBRA Nov$70P | 6/5/2003 | 3 | ($4.90) | ($1,470) | $6,150 | ||||
| WMT June$50C | 6/5/2003 | 4 | $5.00 | $2,000 | $8,150 | ||||
| WFMI July$55P | 6/5/2003 | 4 | ($4.70) | ($1,880) | $6,270 | ||||
| ATH July$75C | 6/6/2003 | 4 | ($2.80) | ($1,120) | $5,150 | ||||
| AZO July$80C | 6/9/2003 | 3 | $3.90 | $1,170 | $6,320 | ||||
| WFMI July$55P | 6/9/2003 | 4 | $7.40 | $2,960 | $9,280 | ||||
| BBH July$120P | 6/9/2003 | 4 | ($4.90) | ($1,960) | $7,320 | ||||
| ESRX July$70C | 6/10/2003 | 4 | ($2.30) | ($920) | $6,400 | ||||
| BBH July$120P | 6/11/2003 | 4 | $3.00 | $1,200 | $7,600 | ||||
| ESRX July$70C | 6/11/2003 | 4 | $4.00 | $1,600 | $9,200 | ||||
| ZBRA Nov$70P | 6/12/2003 | 3 | $3.40 | $1,020 | $10,220 | ||||
| NBIX Aug$55C | 6/13/2003 | 4 | ($4.10) | ($1,640) | $8,580 | ||||
| ATH July$75C | 6/16/2003 | 4 | $5.00 | $2,000 | $10,580 | ||||
| NBIX Aug$55C | 6/16/2003 | 4 | $5.50 | $2,200 | $12,780 | ||||
| AZO July$80C | 6/17/2003 | 4 | ($2.80) | ($1,120) | $11,660 | ||||
| KLAC July47.50C | 6/18/2003 | 4 | ($2.75) | ($1,100) | $10,560 | ||||
| ADTN July$55C | 6/18/2003 | 4 | ($2.95) | ($1,180) | $9,380 | ||||
| BRL July$65P | 6/18/2003 | 4 | ($3.60) | ($1,440) | $7,940 | ||||
| AZO July$80C | 6/20/2003 | 4 | $1.50 | $600 | $8,540 | ||||
| ADTN July$55C | 6/23/2003 | 4 | $1.70 | $680 | $9,220 | ||||
| KLAC July47.50C | 6/24/2003 | 4 | $1.70 | $680 | $9,900 | ||||
| EXPE July$70P | 6/24/2003 | 4 | ($3.60) | ($1,440) | $8,460 | ||||
| BRL July$65P | 6/25/2003 | 4 | $2.30 | $920 | $9,380 | ||||
| GENZ July$40C | 6/25/2003 | 4 | ($4.80) | ($1,920) | $7,460 | ||||
| ADI July$30C | 6/25/2003 | 4 | ($4.00) | ($1,600) | $5,860 | ||||
| EXPE July$70P | 6/26/2003 | 4 | $2.30 | $920 | $6,780 | ||||
| GENZ July$40C | 6/30/2003 | 4 | $2.50 | $1,000 | $7,780 | ||||
| INTU July$45C | 6/30/2003 | 4 | ($1.50) | ($600) | $7,180 | ||||
| Portfolio | Value | $9,580 | |||||||
| June | Profit/(Loss) | ($420) |
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 |
| 4/21/03 | Bull Credit Spread | EBAY | May May |
Buy To Open Sell To Open |
85 90 |
Puts Puts |
QXB QQ QXB QR |
-1.45 +2.90 |
$1.45 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +1.45 |
7 |
+1015 |
$2485 | 0 | +1015* | +0 |
This trade is a bet that EBAY will be above $90 when May options expire on May 17th.
*This trade expired on 5/17/03 for a profit of $1015.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 5/14/03 | Bull Debit Spread | IGT | June June |
Buy To Open Sell To Open |
85 90 |
Calls Calls |
IGT FQ IGT FR |
-4.40 +1.40 |
$3.00 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -3.00 |
7 |
-$2100 |
$0 | +2870 | +700* | -700 |
With a Bull (Vertical) Debit Spread you buy an in the money call and help pay for it by selling an out of the money call with the same expiration month. This has the effect of limiting your upside potential, while dampening the effect of a downside move since the call you sold loses value if the stock goes down.
* This trade closed out on June 2nd for a loss of $700.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 5/23/03 | Calendar Spread | IBM | Oct June |
Buy To Open Sell To Open |
90 90 |
Calls Calls |
IBM JR IBM FR |
-4.10 +.70 |
-$3.40 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -3.40 |
6 |
-2040 |
0 | 1540 | -500* | -500 |
This Calendar Spread on IBM requires that IBM stay in its recent trading range between 84.50 and 90 until June options expire.
*This trade stopped out on 6/5/03 following the announcement of an SEC investigation into IBM's accounting practices.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Debit |
| 5/30/03 | Calendar Spread | GS | Oct July |
Buy To Open Sell To Open |
85 85 |
Calls Calls |
GS JQ GS GQ |
-3.10 +1.10 |
-$2.00 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| -2.00 |
12 |
-2400 |
0 | 3120* | +720 | 0 |
This Calendar Spread on GS requires that GS remain near 85.
* This trade closed out on 6/13 for a gain of $720.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 5/30/03 | Credit Spread | GS | July July |
Buy To Open Sell To Open |
100 95 |
Calls Calls |
GS GT GS GS |
-.60 +1.50 |
$.90 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| .90 |
6 |
+540 |
2460 | 0 | +540 | -500 |
This trade is a bet that GS will be trading below 95 when July options expire on July 19. Should that happen, both the options we bought, and the options we sold will expire worthless, and we will keep the $540 credit we received when putting on the play.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 6/27/03 | Credit Spread | OSIP | July July |
Buy To Open Sell To Open |
40 35 |
Calls Calls |
GHU GH GHU GG |
-.40 +1.55 |
$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 | -225 | +350 | -500 |
This trade is a bet that OSIP will be below 35 when July options expire on July 19.
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 | |||
| $4,000 | |||||||||
| OEX July$490C | 6/6/2003 | 1 | $22.00 | $2,200 | $6,200 | ||||
| MNX July$120 Puts | 6/10/2003 | 3 | ($5.10) | ($1,530) | $4,670 | ||||
| MNX July$120 Puts | 6/11/2003 | 3 | $3.60 | $1,080 | $5,750 | ||||
| Portfolio | Value | $5,750 | |||||||
| June | Profit/(Loss) | $750 |