May 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.
Note: We have changed this portfolio back to 10,000 so we can offer a continuing stream of trades.
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 | ||||||||
| FNM June$70C | FNM FN | 4 | $4.10 | $4.30 | $80 | $1,720 | $1.90 | $5.50 | Open |
| WMT June$50C | WMT FJ | 4 | $3.90 | $3.10 | ($320) | $1,240 | $2.60 | $5.00 | Open |
| Total Value | $2,960 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $9,355 | |||||||||
| AGN June$70P | 5/1/2003 | 4 | ($3.10) | ($1,240) | $8,115 | ||||
| EBAY June$95C | 5/2/2003 | 4 | ($3.70) | ($1,480) | $6,635 | ||||
| AMGN June$60C | 5/2/2003 | 4 | ($4.80) | ($1,920) | $4,715 | ||||
| GS May$75P | 5/6/2003 | 5 | $0.50 | $250 | $4,965 | ||||
| AMGN June$60C | 5/6/2003 | 4 | $3.55 | $1,420 | $6,385 | ||||
| LLL June$45C | 5/6/2003 | 5 | ($2.10) | ($1,050) | $5,335 | ||||
| EBAY June$95C | 5/6/2003 | 4 | $2.70 | $1,080 | $6,415 | ||||
| AGN June$70P | 5/9/2003 | 4 | $1.85 | $740 | $7,155 | ||||
| BBH June$100C | 5/9/2003 | 3 | ($4.20) | ($1,260) | $5,895 | ||||
| FNM June$70C | 5/12/2003 | 4 | ($4.10) | ($1,640) | $4,255 | ||||
| BBH June$100C | 5/13/2003 | 3 | $6.00 | $1,800 | $6,055 | ||||
| SYMC June$45C | 5/13/2003 | 4 | ($3.10) | ($1,240) | $4,815 | ||||
| LMT May$45P | 5/14/2003 | 4 | $0.00 | $0 | $4,815 | ||||
| SYMC June$45C | 5/19/2003 | 4 | $1.80 | $720 | $5,535 | ||||
| LLL June$45C | 5/19/2003 | 5 | $0.85 | $425 | $5,960 | ||||
| CCMP June$45P | 5/19/2003 | 4 | ($3.30) | ($1,320) | $4,640 | ||||
| KLAC June$37.50C | 5/22/2003 | 4 | ($3.40) | ($1,360) | $3,280 | ||||
| KLAC June$37.50C | 5/27/2003 | 4 | $5.00 | $2,000 | $5,280 | ||||
| WMT June$50C | 5/28/2003 | 4 | ($3.90) | ($1,560) | $3,720 | ||||
| CCMP June$45P | 5/28/2003 | 4 | $2.00 | $800 | $4,520 | ||||
| Portfolio | Value | $7,480 | |||||||
| May | Profit/(Loss) | ($2,520) |
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 | +770 | -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.
| 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 | 2250 | +160 | -500 |
This Calendar Spread on IBM requires that IBM stay in its recent trading range between 84.50 and 90 until June options expire.
| 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 | 2700 | +300 | -500 |
This Calendar Spread on GS requires that GS remain near 85. We are looking to close out this trade a day or two after June options expire.
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 July$490C | OXB GR | 1 | $10.70 | $10.00 | ($70) | $1,000 | $5.70 | $17.00 | |
| Total Value | $1,000 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $5,000 | |||||||||
| DJX June$82C | 5/2/2003 | 4 | ($4.50) | ($1,800) | $3,200 | ||||
| OEX June$80C | 5/2/2003 | 1 | ($9.00) | ($900) | $2,300 | ||||
| MNX June$110C | 5/5/2003 | 2 | ($7.80) | ($1,560) | $740 | ||||
| DJX June$82C | 5/19/2003 | 4 | $4.50 | $1,800 | $2,540 | ||||
| OEX June$80C | 5/19/2003 | 1 | $6.00 | $600 | $3,140 | ||||
| MNX June$110C | 5/19/2003 | 2 | $6.20 | $1,240 | $4,380 | ||||
| DJX June$87P | 5/20/2003 | 4 | ($3.50) | ($1,400) | $2,980 | ||||
| DJX June$87P | 5/23/2003 | 4 | $2.20 | $880 | $3,860 | ||||
| OEX July$490C | 5/29/2003 | 1 | ($10.70) | ($1,070) | $2,790 | ||||
| Portfolio | Value | $3,790 | |||||||
| May | Profit/(Loss) | ($1,210) |