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The Long-Term Virtual Portfolio

By phil
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The LTP is based on a different strategy so we expect to have high average gains (in fact, if we aren’t getting high average gains we boot the position).  The average open position here is up 60% and most of them are ’09 or later so you can imagine what the total gains will be in 6 more months of following this strategy!

We do not rush in and out of positions in the LTP.  If we are up 40% on a caller, we set a 20% (of the profit) trailing stop but we then quickly look to recover with another position, even if we go back to the same guy!  These positions are not meant to be naked BUT, in this particular environment, we have mor open positions in the LTP than the STP because they are insulated by time so I’m willing to chance the Fed.  Even so, the open calls are balanced by the XOM puts (really an STP play as it’s just Jan now) and the QQQQ puts, which are really redundant protection to the STP now so will not let those go below even.

This is a virtual portfolio I will be very proud with if I don’t have to touch it today.  It’s up 312% at the moment and as long as it doesn’t dip below 306% as a group, I’ll be a lot more concerned with my closer positions:

 

Description Type Cost Basis Opened Sale Price Closed Days Gain/Loss $ %
AAPL
100 APR 08 175.00 AAPL CALL (APVDO) O $ 114,020.00 7/25/2007 $ 308,000.00   98
$ 193,980.00 170.1 %
10 JAN 10 150.00 AAPL CALL (WAAAJ) O $ 35,010.00 9/6/2007 $ 73,300.00   55
$ 38,290.00 109.4 %
10 NOV 07 180.00 AAPL CALL (APVKP) O $ 10,350.00 10/23/2007 $ 10,990.00   8
$ 640.00 5.8 %
100 NOV 07 180.00 AAPL CALL (APVKP) O $ 103,500.00 10/24/2007 $ 89,980.00   7
$ -13,520.00 -15.0 %
Total Gain/Loss for AAPL
$ 219,390.00 83.5 %
AXP
10 JAN 09 55.00 AXP CALL (VAXAK) O $ 9,860.00 9/4/2007 $ 12,700.00   57
$ 2,840.00 28.8 %
Total Gain/Loss for AXP
$ 2,840.00 28.8 %
BA
40 JAN 09 95.00 BA CALL (VBOAS) O $ 50,410.00 9/4/2007 $ 61,600.00   57
$ 11,190.00 22.2 %
40 NOV 07 95.00 BA CALL (BAKS) O $ 14,000.00 10/23/2007 $ 11,990.00   8
$ -2,010.00 -16.8 %
Total Gain/Loss for BA
$ 9,180.00 14.3 %
BIDU
5 MAR 08 330.00 BIDU PUT (BDUOE) O $ 14,460.00 9/18/2007 $ 18,600.00   43
$ 4,140.00 28.6 %
5 NOV 07 330.00 BIDU PUT (BDUWE) O $ 3,050.00 10/25/2007 $ 11,490.00   6
$ 8,440.00 73.5 %
Total Gain/Loss for BIDU
$ 12,580.00 71.8 %
BMY
15 JAN 10 30.00 BMY CALL (WBMAF) O $ 2,860.00 8/21/2007 $ 5,850.00   71
$ 2,990.00 104.5 %
Total Gain/Loss for BMY
$ 2,990.00 104.5 %
BSX
50 JAN 09 15.00 BSX CALL (VSBAC) O $ 10,010.00 8/27/2007 $ 10,750.00   65
$ 740.00 7.4 %
50 NOV 07 12.50 BSX CALL (BSXKV) O $ 8,250.00 8/27/2007 $ 3,740.00   65
$ -4,510.00 -120.6 %
20 NOV 07 12.50 BSX CALL (BSXKV) O $ 3,300.00 8/27/2007 $ 1,490.00   65
$ -1,810.00 -121.5 %
Total Gain/Loss for BSX
$ -5,580.00 -25.9 %
C
20 JAN 09 45.00 C CALL (VRNAI) O $ 4,610.00 8/1/2007 $ 8,200.00   91
$ 3,590.00 77.9 %
Total Gain/Loss for C
$ 3,590.00 77.9 %
CAT
20 JAN 09 80.00 CAT CALL (VKTAP) O $ 23,510.00 7/13/2007 $ 16,400.00   110
$ -7,110.00 -30.2 %
20 NOV 07 75.00 CAT CALL (CATKO) O $ 3,020.00 10/5/2007 $ 4,990.00   26
$ 1,970.00 39.5 %
Total Gain/Loss for CAT
$ -5,140.00 -19.4 %
CC
40 JAN 22.50 CC CALL (CCAX) O $ 4,410.00 6/1/2007 $ 0.00   152
$ -4,410.00 -100.0 %
Total Gain/Loss for CC
$ -4,410.00 -100.0 %
CELG
20 APR 08 65.00 CELG CALL (LQHDM) O $ 12,510.00 10/25/2007 $ 15,600.00   6
$ 3,090.00 24.7 %
20 NOV 07 65.00 CELG CALL (LQHKM) O $ 4,200.00 10/29/2007 $ 5,190.00   2
$ 990.00 19.1 %
Total Gain/Loss for CELG
$ 4,080.00 24.4 %
COH
10 JAN 09 35.00 COH CALL (VZFAG) O $ 7,980.00 8/29/2007 $ 7,300.00   63
$ -680.00 -8.5 %
10 NOV 07 37.50 COH CALL (COHKU) O $ 700.00 10/29/2007 $ 1,190.00   2
$ 490.00 41.2 %
Total Gain/Loss for COH
$ -190.00 -2.2 %
CY
40 MAR 08 35.00 CY CALL (CYCG) O $ 5,410.00 10/16/2007 $ 16,800.00   15
$ 11,390.00 210.5 %
40 NOV 07 35.00 CY CALL (CYKG) O $ 7,200.00 10/26/2007 $ 7,390.00   5
$ 190.00 2.6 %
Total Gain/Loss for CY
$ 11,580.00 91.8 %
HPQ
20 JAN 09 55.00 HPQ CALL (VHPAK) O $ 12,010.00 9/21/2007 $ 12,800.00   40
$ 790.00 6.6 %
20 NOV 07 52.50 HPQ CALL (HPQKX) O $ 1,800.00 10/26/2007 $ 2,790.00   5
$ 990.00 35.5 %
Total Gain/Loss for HPQ
$ 1,780.00 12.9 %
JNJ
10 JAN 09 65.00 JNJ CALL (VJNAM) O $ 2,560.00 6/3/2007 $ 5,500.00   150
$ 2,940.00 114.8 %
10 NOV 07 65.00 JNJ CALL (JNJKM) O $ 650.00 10/19/2007 $ 940.00   12
$ 290.00 30.9 %
Total Gain/Loss for JNJ
$ 3,230.00 100.6 %
M
20 JAN 08 35.00 M CALL (MAG) O $ 3,310.00 1/4/2007 $ 3,600.00   300
$ 290.00 8.8 %
20 NOV 07 32.50 M CALL (MKZ) O $ 2,700.00 10/26/2007 $ 3,690.00   5
$ 990.00 26.8 %
Total Gain/Loss for M
$ 1,280.00 21.3 %
MCO
10 JAN 09 50.00 MCO CALL (OWCAJ) O $ 3,610.00 8/24/2007 $ 6,000.00   68
$ 2,390.00 66.2 %
10 NOV 07 45.00 MCO CALL (MCOKI) O $ 1,150.00 10/30/2007 $ 1,240.00   1
$ 90.00 7.3 %
Total Gain/Loss for MCO
$ 2,480.00 52.1 %
MDT
20 JAN 09 50.00 MDT CALL (VKDAJ) O $ 10,610.00 9/6/2007 $ 9,600.00   55
$ -1,010.00 -9.5 %
20 NOV 07 47.50 MDT CALL (MDTKW) O $ 1,900.00 10/29/2007 $ 2,690.00   2
$ 790.00 29.4 %
Total Gain/Loss for MDT
$ -220.00 -1.8 %
MOT
50 JAN 17.50 MOT CALL (VMAAW) O $ 6,260.00 1/10/2007 $ 16,750.00   294
$ 10,490.00 167.6 %
50 NOV 07 19.00 MOT CALL (MOTKT) O $ 1,800.00 10/29/2007 $ 2,490.00   2
$ 690.00 27.7 %
Total Gain/Loss for MOT
$ 11,180.00 138.7 %
MRVL
30 JAN 25.00 MRVL CALL (OZLAE) O $ 1,060.00 7/27/2007 $ 4,200.00   96
$ 3,140.00 296.2 %
Total Gain/Loss for MRVL
$ 3,140.00 296.2 %
PGR
90 NOV 07 20.00 PGR CALL (PGRKD) O $ 9,460.00 3/6/2007 $ 900.00   239
$ -8,560.00 -90.5 %
Total Gain/Loss for PGR
$ -8,560.00 -90.5 %
QQQQ
100 JUN 08 52.00 QQQQ PUT (QQQRZ) O $ 25,010.00 10/11/2007 $ 29,600.00   20
$ 4,590.00 18.4 %
Total Gain/Loss for QQQQ
$ 4,590.00 18.4 %
SBUX
10 JAN 09 25.00 SBUX CALL (VPRAE) O $ 5,010.00 8/1/2007 $ 4,800.00   91
$ -210.00 -4.2 %
20 JAN 09 30.00 SBUX CALL (VPRAF) O $ 5,710.00 8/1/2007 $ 5,100.00   91
$ -610.00 -10.7 %
Total Gain/Loss for SBUX
$ -820.00 -7.6 %
SHFL
20 JAN 20.00 SHFL CALL (ZTHAD) O $ 4,610.00 9/6/2007 $ 2,200.00   55
$ -2,410.00 -52.3 %
20 JAN 09 15.00 SHFL CALL (ZTHAC) O $ 4,410.00 9/12/2007 $ 5,200.00   49
$ 790.00 17.9 %
20 DEC 07 15.00 SHFL CALL (SFQLC) O $ 1,200.00 10/29/2007 $ 1,590.00   2
$ 390.00 24.5 %
20 DEC 07 15.00 SHFL CALL (SFQLC) O $ 1,200.00 10/29/2007 $ 1,590.00   2
$ 390.00 24.5 %
Total Gain/Loss for SHFL
$ -840.00 -7.4 %
SNDK
10 JAN 10 50.00 SNDK CALL (YSDAJ) O $ 4,110.00 6/3/2007 $ 11,200.00   150
$ 7,090.00 172.5 %
Total Gain/Loss for SNDK
$ 7,090.00 172.5 %
STX
20 JAN 09 25.00 STX CALL (VTTAE) O $ 11,810.00 10/18/2007 $ 11,000.00   13
$ -810.00 -6.9 %
20 NOV 07 27.50 STX CALL (STXKY) O $ 1,200.00 10/29/2007 $ 1,790.00   2
$ 590.00 33.0 %
Total Gain/Loss for STX
$ -220.00 -1.7 %
TXN
20 JAN 09 30.00 TXN CALL (VXTAF) O $ 11,010.00 10/24/2007 $ 12,700.00   7
$ 1,690.00 15.3 %
20 DEC 07 32.50 TXN CALL (TXNLZ) O $ 2,520.00 10/26/2007 $ 2,130.00   5
$ -390.00 -18.3 %
Total Gain/Loss for TXN
$ 1,300.00 9.6 %
UTX
15 JAN 09 75.00 UTX CALL (VXUAO) O $ 6,010.00 7/13/2007 $ 15,300.00   110
$ 9,290.00 154.6 %
Total Gain/Loss for UTX
$ 9,290.00 154.6 %
WFR
10 JAN 60.00 WFR CALL (WFRAL) O $ 1,110.00 4/20/2007 $ 15,300.00   194
$ 14,190.00 1,278.4 %
20 JAN 70.00 WFR CALL (ZYGAN) O $ 2,610.00 4/20/2007 $ 48,000.00   194
$ 45,390.00 1,739.1 %
20 NOV 07 75.00 WFR CALL (WFRKO) O $ 4,800.00 10/26/2007 $ 3,990.00   5
$ -810.00 -20.3 %
10 NOV 07 75.00 WFR CALL (WFRKO) O $ 2,400.00 10/30/2007 $ 2,590.00   1
$ 190.00 7.3 %
Total Gain/Loss for WFR
$ 58,960.00 539.9 %
WMT
20 JAN 09 50.00 WMT CALL (VWTAJ) O $ 3,310.00 8/28/2007 $ 7,200.00   64
$ 3,890.00 117.5 %
20 NOV 07 45.00 WMT CALL (WMTKI) O $ 2,800.00 10/30/2007 $ 2,990.00   1
$ 190.00 6.4 %
Total Gain/Loss for WMT
$ 4,080.00 66.8 %
XOM
200 JAN 08 95.00 XOM PUT (XOMMS) O $ 68,810.00 8/3/2007 $ 132,000.00   89
$ 63,190.00 91.8 %
Total Gain/Loss for XOM
$ 63,190.00 91.8 %
Total Gain/Loss
$ 411,840.00 60.5 %

 

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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