September 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 | ||||||||
| BJS Oct$30C | BJS JF | 4 | $4.40 | $4.20 | ($80) | $1,680 | $2.90 | $6.00 | Open |
| BAC Oct$75C | BAC JO | 4 | $4.70 | $3.50 | ($480) | $1,400 | $3.20 | $6.00 | Open |
| ACS Oct$50P | ACS VJ | 4 | $2.15 | $2.35 | $80 | $940 | $1.00 | $3.50 | Open |
| CAT Nov$70P | CAT WN | 4 | $4.60 | $3.80 | ($320) | $1,520 | $3.10 | $6.00 | Open |
| Total Value | $5,540 | ||||||||
| Bought | Sold | Date | Contracts | Price | Total | Cash | |||
| $3,600 | |||||||||
| RDN Nov$45P | 9/2/2003 | 4 | $1.65 | $660 | $4,260 | ||||
| GS Sep$85C | 9/2/2003 | 4 | $4.80 | $1,920 | $6,180 | ||||
| MER Sep$55C | 9/3/2003 | 4 | ($1.20) | ($480) | $5,700 | ||||
| LMT Oct$50C | 9/3/2003 | 4 | ($3.10) | ($1,240) | $4,460 | ||||
| QLGC Sep$47.50C | 9/3/2003 | 4 | $4.00 | $1,600 | $6,060 | ||||
| MMM Oct$140P | 9/5/2003 | 4 | ($4.60) | ($1,840) | $4,220 | ||||
| BGEN Oct$37.50C | 9/9/2003 | 4 | $4.00 | $1,600 | $5,820 | ||||
| SNPS Sep$65C | 9/9/2003 | 4 | $2.50 | $1,000 | $6,820 | ||||
| MER Sep$55C | 9/10/2003 | 4 | $0.50 | $200 | $7,020 | ||||
| MMM Oct$140P | 9/10/2003 | 4 | $5.60 | $2,240 | $9,260 | ||||
| ACS Oct$55P | 9/10/2003 | 4 | ($4.00) | ($1,600) | $7,660 | ||||
| UTSI Oct$35C | 9/11/2003 | 4 | ($4.50) | ($1,800) | $5,860 | ||||
| MXIM Oct$40C | 9/11/2003 | 4 | ($3.60) | ($1,440) | $4,420 | ||||
| NAV Oct$40C | 9/12/2003 | 4 | ($2.95) | ($1,180) | $3,240 | ||||
| MXIM Oct$40C | 9/17/2003 | 4 | $4.60 | $1,840 | $5,080 | ||||
| ACS Oct$55P | 9/18/2003 | 4 | $4.00 | $1,600 | $6,680 | ||||
| UTSI Oct$35C | 9/18/2003 | 4 | $2.80 | $1,120 | $7,800 | ||||
| LMT Oct$50C | 9/19/2003 | 4 | $1.00 | $400 | $8,200 | ||||
| BJS Oct$30C | 9/19/2003 | 4 | ($4.30) | ($1,720) | $6,480 | ||||
| BAC Oct$75C | 9/23/2003 | 4 | ($4.70) | ($1,880) | $4,600 | ||||
| NAV Oct$40C | 9/24/2003 | 4 | $1.50 | $600 | $5,200 | ||||
| ACS Oct$50P | 9/26/2003 | 4 | ($2.15) | ($860) | $4,340 | ||||
| CAT Nov$70P | 9/30/2003 | 4 | ($4.60) | ($1,840) | $2,500 | ||||
| Portfolio | Value | $8,040 | |||||||
| September | Profit/(Loss) | ($1,960) |
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 |
| 8/15/03 | Credit Spread | KBH | September September |
Buy To Open Sell To Open |
65 60 |
Calls Calls |
KBH IM KBH IL |
-.45 +1.45 |
$1.00 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +1.00 |
5 |
+500 |
$2000 | -100 | +500* | 0 |
This trade is a bet that KBH will be below 60 when September options expire on September 20th. Should that happen, both the options we bought, and the options we sold will expire worthless, and we will keep the $500 credit we received when putting on the spread.
*This trade expired 9/19 for a gain of $500.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 8/20/03 | Credit Spread | OVTI | September September |
Buy To Open Sell To Open |
35 40 |
Puts Puts |
UCM UG UCM UH |
-.95 +2.00 |
$.1.05 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +1.05 |
5 |
+525 |
$1975 | -25 | +525* | -500 |
This trade is a bet that OVTI will be above 40 when September options expire on September 19th.
*This trade expired 9/19 for a gain of $525.
| Date | Trade Type | Underlying Stock | Expiration Month | Type Of Order | Strike Price | Option Type | Option Symbol | Opening Price* | Net Credit |
| 9/16/03 | Credit Spread | ADTN | October October |
Buy To Open Sell To Open |
75 70 |
Calls Calls |
RQA JO RQA JN |
-1.25 +2.25 |
$1.00 |
| Opening Debit (-) Credit (+) |
Number Of Contracts |
Cost of Trade |
Additional Margin Requirements |
Current Liquidation Value |
Profit (Loss) |
Stop |
| +1.00 |
6 |
+600 |
$2400 | -210 | +390 | -600 |
This trade is a bet that ADTN will be below 70 when October options expire on October 17th. Should that happen, both the options we bought, and the options we sold will expire worthless, and we will keep the $600 credit we received when putting on the spread.
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 | |||
| $2,550 | |||||||||
| OEX Oct$510C | 9/3/2003 | 1 | $15.50 | $1,550.00 | $4,100 | ||||
| QQQ Oct$30C | 9/3/2003 | 4 | $4.30 | $1,720.00 | $5,820 | ||||
| MNX $137.50P | 9/10/2003 | 4 | ($5.60) | ($2,240.00) | $3,580 | ||||
| MNX $137.50P | 9/11/2003 | 4 | $7.00 | $2,800.00 | $6,380 | ||||
| OEX Oct$515C | 9/11/2003 | 1 | ($9.80) | ($980.00) | $5,400 | ||||
| OEX Oct$515C | 9/18/2003 | 1 | $14.00 | $1,400.00 | $6,800 | ||||
| Portfolio | Value | $6,800 | |||||||
| September | Profit/(Loss) | $1,800 |