Dow closes Friday 12/21 down 65 points from Friday, 12/14’s open!
Woo-hoo! Party time, excellent – what a rally! Quick, take a 3rd mortgage on the home and buy some stocks… While I am pleased that we look like we’re making a healthy consolidation here, I’m still glad we went to more cash because there was nothing exciting at all about the weekly movement, right up until Friday when we made all the gains that kept us from posting the second negative week in a row.
Last week I wrote an article about making better use of your time by following simple hedging strategies and I know there are many of you out there who could have found better things to do from Monday through Thursday this week than watch the market do pretty much nothing. This is especially true around the holidays for you parents as you will have hopefully 100 Christmases to spend in your life but only a dozen of them will be the ones that leave a lifetime impression on your young children. This is what we’re working for folks, don’t let the work get in the way of our goals!
Option expirations days like Friday are always manadatory for options traders, there’s nothing we can do about that but we can try to have a nice couple of days and not worry about the markets if we hedge properly tomorrow morning so please glance over that article and let’s make sure we carry a fairly level portflio into next week.
On Tuesday we discussed how tempting it was going to be to get into the markets with $500Bn being LOANED out by the ECB yet we got very little movement from the financials, who should have been the direct beneficiaries of this bail-out and that makes me nervous still. The other fundamental issues remain and it’s times like this when it is very important to contemplate whether you are investing or gambling in the markets. If you are investing, then you should sit out a rally the same way you sit out the dips, when you are playing for the long haul daily moves do not make a trend. If you are gambling – then you hate to miss "your big chance" and that may lead you to overdoing it on the next bet before "it gets away from you."
Wednesday was my last day serving as Time Magazine’s Man of the Year 2006 but the timing was perfect as I just won a BESPy for 2007 and there is only just so much room on the mantle! Thursday morning saw Chinese money flowing into the financial sector and still no reaction over there so either this is an amazing case of sector-wide options pinning or the problems in the financial sector run so deep that $500Bn isn’t going to help…
I did declare myself to be bullish by the end of Thursday’s member comments but my heart wasn’t really in it on Friday as the gap up at the open left us with few "bargains" to pick up with the exception of those pesky financials who laid there dead as if all those terrible things we’ve been hearing about actually do matter. On Friday morning I said let’s look for $29.50 to break us out of a tough channel ($29.60 now that I’ve looked again) and the XLF finished at $29.29 – just a bit shy!
Last week we discussued how obvious the drop was and I said at the time my goal was to get back to cash for the holidays and despite the good finish, I wasn’t able to get all excited until we really start breaking up on multiple indices. Our virtual portfolios did fairly well for the week but our goal was getting good balance and setting up to sell more calls on what’s left, not playing the short game. We ended up the week accidentally bullish as Friday’s constant rise left many of our positions naked, something we prepared for Thursday morning in the LTP review:
The Short-Term Virtual Portfolio tacked on another 10% for the week and will finish the year just under 1,900% ahead and we’re just under 90% in cash. The remaining market value of our current positions is $913K and I’ll be looking to head into the new year with an even $1M if possible.
Our Long-Term Virtual Portfolio added 22% to the basis and is up 472% for the year, also with near enough to $1M in value that I’m going to shoot for that as a trarget to start the new year. Keeping low cash balances in January will force me to pare down positions to buy new ones, a necessary triage to get ourselves in shape for 2008.
Only FNF and MRB are left in the Stocks Virtual Portfolio which is now 80% cash and up 85% on the year but I like MRB a lot and FNF is only there because I didn’t get called away by the $15 caller as I had planned so I guess I resell the Jan $15s for another 5% in a month- oh the agony! We’ll be resetting this one at $200K for those of you who like to hold actual (yawn!) stocks.
Our $10,000 Virtual Portfolio finished the week at $12,408, a whopping $75 increase over last week with practically no cash. This is the virtual portfolio that will require our attention on Monday as we are, perhaps, too well hedged there, especially with our now very deep in the money RIMM March $100s.
The $25,000 Virtual Portfolio continues to shine on like a crazy diamond, now up 510% after gaining another $13K on the week. We have a lot of open positions there but we are 50% cash already so not quite as frantic to make adjustments as we are in our junior virtual portfolio.
Complex Spreads had a nice week and it was hard not to as we had hedged with the GOOG $690s and Google was kind enough to finish just over that level, giving us near perfect rolls to the Jan $690s. Our FSLR was also perfect with an open at $250 but Cramer was on CNBC in the morning and the stock went up and up right through 11 when he closed his appearance telling everyone to BUYBUYBUY our stock which gave us a better than expected exit on our $270 calls, which should have been dead. So our thanks to Cramer, for being such a perfect tool! This virtual portfolio is up 917% since we started it in May but we don’t really track this like the others as it’s just a dumping ground for complicated trades so I have to think about what to do with that one.
Finally, there is no doubt about what we will be doing with the Happy 100 Virtual Portfolio now that it’s almost even. Last week it was down 16% but our AMGN, HXL and IMCL callers all epxired just about exactly worthless, nicely offsetting the losses in the January positions and bringing us back to down just 1.3% over 3 months. I’ve already told you how bad of an idea it is to hold Jan calls so we are going to be looking for any excuse to stop out of our remaining, all naked positions.
All in all, we closed out 185 positions, many of them callers that expired with a 52% gain on capital for the week and a very silly looking average gain of 212% as many of our positions sold short expired worthless. It was almost a perfect finish to the expiration period, which we played from the start to hit the 13,000 to 13,300 range and it took a coordinated international effort of the central banks to get us out of it but not before we had already cashed out the majority of our poor callers.
Stock |
Description |
Type |
Basis |
Open |
Sale Price |
Sold |
Gain/Loss |
% |
$RUT | 25 JAN 08 760.00 $RUT CALL (RUTAL) | LO | $ 42,510 | 12/5 | 87,490.00 | 12/21 | $ 44,980 | 106% |
$RUT | 25 DEC 07 760.00 $RUT CALL (RUTLL) | SO | $ 3,010 | 12/19 | 13,115.00 | 12/20 | $ 10,105 | 336% |
$RUT | 25 DEC 07 760.00 $RUT CALL (RUTLL) | SO | $ 6,260 | 12/20 | 24,990.00 | 12/20 | $ 18,730 | 299% |
$RUT | 25 DEC 07 770.00 $RUT CALL (RUTLN) | SO | $ 1,510 | 12/11 | 3,740.00 | 12/18 | $ 2,230 | 148% |
AAPL | 50 DEC 07 185.00 AAPL CALL (APVLQ) | SO | $ 7,510 | 12/18 | 17,480.00 | 12/20 | $ 9,970 | 133% |
AAPL | 20 DEC 07 185.00 AAPL CALL (APVLQ) | SO | $ 3,010 | 12/18 | 5,990.00 | 12/20 | $ 2,980 | 99% |
AAPL | 50 DEC 07 195.00 AAPL CALL (APVLS) | SO | $ 1,010 | 12/14 | 16,480.00 | 12/18 | $ 15,470 | 1532% |
AMGN | 40 DEC 07 50.00 AMGN CALL (AMQLJ) | SO | $ – | 12/11 | 5,990.00 | 12/21 | $ 5,990 | 100% |
AMGN | 10 DEC 07 47.50 AMGN CALL (AMQLW) | SO | $ 510 | 12/17 | 1,090.00 | 12/21 | $ 580 | 114% |
AMGN | 10 DEC 07 47.50 AMGN CALL (AMQLW) | SO | $ 510 | 12/17 | 1,090.00 | 12/21 | $ 580 | 114% |
AMGN | 10 DEC 07 50.00 AMGN CALL (AMQLJ) | SO | $ 210 | 12/11 | 1,140.00 | 12/17 | $ 930 | 443% |
AMGN | 10 APR 08 52.50 AMGN CALL (AMQDZ) | LO | $ 3,210 | 12/10 | 2,090.00 | 12/17 | $ (1,120) | -35% |
AMGN | 10 DEC 07 50.00 AMGN CALL (AMQLJ) | SO | $ 210 | 12/11 | 1,140.00 | 12/17 | $ 930 | 443% |
AMGN | 10 APR 08 52.50 AMGN CALL (AMQDZ) | LO | $ 3,210 | 12/10 | 2,090.00 | 12/17 | $ (1,120) | -35% |
AUY | 70 JAN 09 15.00 AUY CALL (VPPAC) | LO | $ 12,250 | 2/23 | 11,900.00 | 12/20 | $ (350) | -3% |
AXP | 10 JAN 08 55.00 AXP CALL (AXPAK) | SO | $ 610 | 12/14 | 990 | 12/20 | $ 380 | 62% |
AXP | 50 JAN 08 57.50 AXP CALL (AXPAY) | LO | $ 7,010 | 11/19 | 3,490.00 | 12/17 | $ (3,520) | -50% |
AXP | 50 DEC 07 55.00 AXP CALL (AXPLK) | SO | $ 1,260 | 12/12 | 6,490.00 | 12/17 | $ 5,230 | 415% |
BA | 40 DEC 07 90.00 BA CALL (BALR) | SO | $ 410 | 12/10 | 1,990.00 | 12/19 | $ 1,580 | 385% |
BIDU | 20 DEC 07 380.00 BIDU PUT (BPJXP) | SO | $ 1,010 | 12/11 | 36,990.00 | 12/21 | $ 35,980 | 3562% |
BIDU | 20 DEC 07 380.00 BIDU PUT (BPJXP) | SO | $ 1,010 | 12/12 | 5,190.00 | 12/21 | $ 4,180 | 414% |
BIDU | 10 DEC 07 420.00 BIDU PUT (BPJXD) | LO | $ 24,010 | 11/5 | 36,230.00 | 12/21 | $ 12,220 | 51% |
BIDU | 5 DEC 07 380.00 BIDU PUT (BPJXP) | SO | $ 260 | 12/13 | 3,990.00 | 12/21 | $ 3,730 | 1435% |
BIDU | 10 DEC 07 420.00 BIDU PUT (BPJXD) | LO | $ 24,010 | 11/5 | 39,990.00 | 12/20 | $ 15,980 | 67% |
BIIB | 40 DEC 07 55.00 BIIB CALL (IDKLK) | SO | $ 7,410 | 12/18 | 12,390.00 | 12/21 | $ 4,980 | 67% |
BIIB | 40 DEC 07 60.00 BIIB CALL (IHDLL) | SO | $ 1,010 | 12/14 | 6,790.00 | 12/17 | $ 5,780 | 572% |
BMY | 15 DEC 07 30.00 BMY CALL (BMYLF) | SO | $ 70 | 11/20 | 95 | 12/18 | $ 25 | 36% |
BSC | 60 JAN 09 110.00 BSC CALL (VLBAB) | LO | $ 60,790 | 8/29 | 59,690.00 | 12/21 | $ (1,100) | -2% |
BSC | 60 DEC 07 95.00 BSC CALL (BVDLS) | SO | $ 1,210 | 12/18 | 11,990.00 | 12/20 | $ 10,780 | 891% |
BSC | 60 JAN 08 100.00 BSC CALL (BVDAT) | SO | $ 15,010 | 12/10 | 29,990.00 | 12/18 | $ 14,980 | 100% |
BSX | 50 DEC 07 12.50 BSX CALL (BSXLV) | SO | $ – | 12/14 | 240 | 12/21 | $ 240 | 100% |
BTU | 50 DEC 07 60.00 BTU PUT (BTUXL) | LO | $ 4,710 | 12/14 | 12,990.00 | 12/18 | $ 8,280 | 176% |
BWLD | 10 DEC 07 27.50 BWLD CALL (BQULT) | SO | $ 210 | 11/20 | 440 | 12/19 | $ 230 | 110% |
C | 50 DEC 07 30.00 C CALL (CLF) | SO | $ 1,010 | 12/19 | 1,240.00 | 12/21 | $ 230 | 23% |
C | 40 DEC 07 30.00 C CALL (CLF) | SO | $ 410 | 12/19 | 390 | 12/21 | $ (20) | -5% |
C | 50 DEC 07 32.50 C CALL (CLT) | SO | $ 160 | 12/14 | 3,240.00 | 12/19 | $ 3,080 | 1925% |
C | 40 DEC 07 32.50 C CALL (CLT) | SO | $ 410 | 12/14 | 590 | 12/18 | $ 180 | 44% |
CAKE | 10 DEC 07 22.50 CAKE CALL (CFQLX) | SO | $ 1,010 | 11/19 | 890 | 12/21 | $ (120) | -12% |
CAT | 20 DEC 07 70.00 CAT CALL (CATLN) | SO | $ 3,510 | 12/18 | 3,470.00 | 12/21 | $ (40) | -1% |
CAT | 20 DEC 07 75.00 CAT CALL (CATLO) | SO | $ 110 | 12/13 | 990 | 12/18 | $ 880 | 800% |
CC | 80 DEC 07 7.50 CC CALL (CCLU) | SO | $ – | 12/11 | 390 | 12/21 | $ 390 | 100% |
CELG | 40 JAN 08 50.00 CELG CALL (LQHAJ) | SO | $ 7,010 | 12/20 | 11,990.00 | 12/21 | $ 4,980 | 71% |
CELG | 40 DEC 07 50.00 CELG CALL (LQHLJ) | SO | $ 410 | 12/18 | 3,590.00 | 12/20 | $ 3,180 | 776% |
COH | 20 MAY 08 37.50 COH CALL (COHEU) | LO | $ 7,410 | 11/26 | 5,290.00 | 12/17 | $ (2,120) | -29% |
COH | 20 DEC 07 37.50 COH CALL (COHLU) | SO | $ 210 | 11/30 | 3,390.00 | 12/17 | $ 3,180 | 1514% |
COH | 20 DEC 07 37.50 COH CALL (COHLU) | SO | $ 210 | 12/11 | 290 | 12/17 | $ 80 | 38% |
CROX | 20 JAN 08 37.50 CROX CALL (CQJAU) | LO | $ 14,810 | 11/1 | 10,790.00 | 12/20 | $ (4,020) | -27% |
CROX | 20 DEC 07 45.00 CROX CALL (CQJLI) | SO | $ 110 | 12/6 | 2,990.00 | 12/20 | $ 2,880 | 2618% |
CROX | 20 DEC 07 42.50 CROX CALL (CQJLV) | SO | $ 310 | 11/19 | 5,990.00 | 12/18 | $ 5,680 | 1832% |
CVX | 10 JAN 08 95.00 CVX PUT (CVXMS) | LO | $ 3,910 | 12/14 | 4,840.00 | 12/18 | $ 930 | 24% |
CY | 40 DEC 07 35.00 CY CALL (CYLG) | SO | $ 1,610 | 11/30 | 7,990.00 | 12/18 | $ 6,380 | 396% |
DIA | 160 JAN 08 137.00 DIA PUT (DAZMG) | LO | $ 54,730 | 11/30 | 67,190.00 | 12/21 | $ 12,460 | 23% |
DIA | 10 DEC 07 131.00 DIA PUT (DAWXA) | SO | $ – | 12/17 | 990 | 12/21 | $ 990 | 100% |
DIA | 40 JAN 08 137.00 DIA PUT (DAZMG) | LO | $ 13,690 | 11/30 | 23,190.00 | 12/19 | $ 9,500 | 69% |
DIA | 10 JAN 08 129.00 DIA PUT (DAWMY) | LO | $ 4,210 | 11/23 | 1,990.00 | 12/17 | $ (2,220) | -53% |
DNDN | 500 DEC 07 7.50 DNDN CALL (UKOLU) | SO | $ – | 12/13 | 990 | 12/21 | $ 990 | 100% |
DRYS | 10 MAR 08 105.00 DRYS CALL (DQRCA) | LO | $ 8,510 | 11/30 | 5,290.00 | 12/18 | $ (3,220) | -38% |
DRYS | 10 DEC 07 85.00 DRYS CALL (DQRLQ) | SO | $ 510 | 12/14 | 4,490.00 | 12/17 | $ 3,980 | 780% |
EBAY | 40 DEC 07 35.00 EBAY CALL (XBALG) | SO | $ – | 12/11 | 380 | 12/21 | $ 380 | 100% |
ETFC | 200 DEC 07 4.00 ETFC CALL (EUSLH) | SO | $ – | 12/19 | 3,990.00 | 12/21 | $ 3,990 | 100% |
FIG | 10 MAR 08 17.50 FIG CALL (FIGCW) | LO | $ 2,110 | 12/14 | 1,940.00 | 12/20 | $ (170) | -8% |
FNF | 20 DEC 07 15.00 FNF CALL (FNFLC) | SO | $ – | 11/1 | 190 | 12/21 | $ 190 | 100% |
FRO | 10 DEC 07 40.00 FRO CALL (FROLH) | SO | $ – | 11/20 | 1,740.00 | 12/21 | $ 1,740 | 100% |
FRO | 1000 Frontline Ltd. (FRO) | LS | $ 39,920 | 11/20 | 39,990.00 | 12/21 | $ 70 | 0% |
FSLR | 10 DEC 07 240.00 FSLR CALL (HJQLW) | SO | $ 16,510 | 12/3 | 15,990.00 | 12/21 | $ (520) | -3% |
FSLR | 30 DEC 07 240.00 FSLR CALL (HJQLW) | SO | $ 45,010 | 12/3 | 47,990.00 | 12/21 | $ 2,980 | 7% |
FSLR | 10 MAR 08 210.00 FSLR CALL (HJQCB) | LO | $ 29,510 | 11/16 | 67,840.00 | 12/21 | $ 38,330 | 130% |
FSLR | 10 DEC 07 230.00 FSLR PUT (HJQXF) | LO | $ 6,810 | 12/11 | 40 | 12/21 | $ (6,770) | -99% |
FSLR | 10 DEC 07 250.00 FSLR PUT (HJQXX) | SO | $ 60 | 12/11 | 14,990.00 | 12/21 | $ 14,930 | 24883% |
FSLR | 10 DEC 07 250.00 FSLR CALL (HJQLX) | SO | $ 4,010 | 12/11 | 14,690.00 | 12/21 | $ 10,680 | 266% |
FSLR | 10 DEC 07 270.00 FSLR CALL (HJQLZ) | LO | $ 7,010 | 12/11 | 190 | 12/21 | $ (6,820) | -97% |
FXI | 40 DEC 07 165.00 FXI PUT (FFPXI) | SO | $ – | 12/18 | 15,990.00 | 12/21 | $ 15,990 | 100% |
GDX | 30 JAN 08 45.00 GDX CALL (GDXAS) | LO | $ 9,310 | 9/27 | 4,190.00 | 12/18 | $ (5,120) | -55% |
GDX | 30 DEC 07 48.00 GDX CALL (GDXLV) | SO | $ 160 | 12/11 | 3,590.00 | 12/18 | $ 3,430 | 2144% |
GE | 10 DEC 07 37.50 GE CALL (GELS) | SO | $ 60 | 12/13 | 640 | 12/19 | $ 580 | 967% |
GE | 10 DEC 07 37.50 GE CALL (GELS) | SO | $ 60 | 12/14 | 640 | 12/19 | $ 580 | 967% |
GOLD | 20 DEC 07 40.00 GOLD CALL (GUDLH) | SO | $ 110 | 11/20 | 990 | 12/21 | $ 880 | 800% |
GOOG | 10 MAR 08 800.00 GOOG CALL (GOQCS) | LO | $ 10,510 | 12/19 | 12,590.00 | 12/21 | $ 2,080 | 20% |
GOOG | 5 DEC 07 680.00 GOOG CALL (GOQLP) | SO | $ 8,010 | 12/20 | 3,240.00 | 12/21 | $ (4,770) | -60% |
GOOG | 4 DEC 07 670.00 GOOG CALL (GOOLN) | SO | $ 5,410 | 12/18 | 3,990.00 | 12/20 | $ (1,420) | -26% |
GOOG | 10 DEC 07 690.00 GOOG CALL (GOQLR) | SO | $ 1,010 | 12/14 | 16,490.00 | 12/18 | $ 15,480 | 1533% |
GOOG | 15 DEC 07 690.00 GOOG CALL (GOQLR) | SO | $ 1,510 | 12/14 | 740 | 12/18 | $ (770) | -51% |
GOOG | 20 DEC 07 680.00 GOOG CALL (GOQLP) | LO | $ 7,210 | 12/18 | 9,990.00 | 12/18 | $ 2,780 | 39% |
GOOG | 5 DEC 07 690.00 GOOG CALL (GOQLR) | SO | $ 910 | 12/13 | 7,490.00 | 12/18 | $ 6,580 | 723% |
GOOG | 5 MAR 08 690.00 GOOG CALL (GOQCR) | LO | $ 32,560 | 12/5 | 22,240.00 | 12/18 | $ (10,320) | -32% |
GS | 20 DEC 07 220.00 GS CALL (GPYLD) | SO | $ 510 | 12/13 | 1,990.00 | 12/18 | $ 1,480 | 290% |
HD | 10 JAN 08 27.50 HD CALL (HDAY) | SO | $ 510 | 12/14 | 1,290.00 | 12/18 | $ 780 | 153% |
HMY | 60 DEC 07 10.00 HMY CALL (HMYLB) | SO | $ – | 10/24 | 5,690.00 | 12/21 | $ 5,690 | 100% |
HMY | 60 DEC 07 10.00 HMY CALL (HMYLB) | SO | $ – | 12/11 | 1,190.00 | 12/21 | $ 1,190 | 100% |
HNSN | 10 DEC 07 40.00 HNSN CALL (QFILH) | LO | $ 2,010 | 10/29 | 0 | 12/21 | $ (2,010) | -100% |
HOV | 20 DEC 07 7.50 HOV CALL (HOVLU) | SO | $ 210 | 12/13 | 690 | 12/19 | $ 480 | 229% |
HOV | 20 DEC 07 7.50 HOV CALL (HOVLU) | SO | $ 210 | 12/13 | 690 | 12/19 | $ 480 | 229% |
HPQ | 20 DEC 07 52.50 HPQ CALL (HPQLX) | SO | $ 210 | 12/14 | 1,490.00 | 12/19 | $ 1,280 | 610% |
HXL | 20 DEC 07 25.00 HXL CALL (HXLLE) | SO | $ 210 | 11/16 | 2,190.00 | 12/21 | $ 1,980 | 943% |
IBM | 25 JAN 08 110.00 IBM CALL (IBMAB) | SO | $ 5,635 | 12/13 | 6,980.00 | 12/18 | $ 1,345 | 24% |
ICE | 10 MAR 08 175.00 ICE CALL (IHHCO) | LO | $ 4,010 | 10/18 | 24,490.00 | 12/20 | $ 20,480 | 511% |
ICE | 10 DEC 07 175.00 ICE CALL (IHHLO) | SO | $ 6,010 | 11/30 | 5,740.00 | 12/18 | $ (270) | -5% |
IMAX | 30 DEC 07 7.50 IMAX CALL (IMQLU) | SO | $ – | 12/7 | 1,490.00 | 12/21 | $ 1,490 | 100% |
IMCL | 40 DEC 07 45.00 IMCL CALL (QCILI) | SO | $ – | 12/7 | 3,390.00 | 12/21 | $ 3,390 | 100% |
INTC | 40 JAN 08 27.50 INTC CALL (INQAY) | SO | $ 2,010 | 12/14 | 3,990.00 | 12/20 | $ 1,980 | 99% |
IRBT | 30 DEC 07 17.50 IRBT CALL (IRQLW) | LO | $ 3,310 | 9/17 | 2,390.00 | 12/18 | $ (920) | -28% |
ISRG | 10 DEC 07 320.00 ISRG CALL (AXVLB) | SO | $ 1,010 | 12/17 | 5,000.00 | 12/18 | $ 3,990 | 395% |
ISRG | 10 DEC 07 330.00 ISRG CALL (AXVLC) | SO | $ 1,010 | 12/14 | 990 | 12/17 | $ (20) | -2% |
ISRG | 10 DEC 07 340.00 ISRG CALL (AXVLD) | SO | $ 1,010 | 12/13 | 990 | 12/17 | $ (20) | -2% |
LDK | 10 DEC 07 55.00 LDK CALL (LDKLK) | SO | $ – | 12/20 | 190 | 12/21 | $ 190 | 100% |
LDK | 10 DEC 07 70.00 LDK PUT (LDKXN) | SO | $ 15,010 | 12/19 | 5,490.00 | 12/20 | $ (9,520) | -63% |
LDK | 10 DEC 07 70.00 LDK CALL (LDKLN) | SO | $ 60 | 12/19 | 4,990.00 | 12/20 | $ 4,930 | 8217% |
LDK | 10 JAN 08 70.00 LDK CALL (LDKAN) | LO | $ 10,010 | 12/19 | 2,590.00 | 12/20 | $ (7,420) | -74% |
LVS | 10 DEC 07 110.00 LVS CALL (LVSLB) | SO | $ – | 12/18 | 3,490.00 | 12/21 | $ 3,490 | 100% |
LVS | 10 MAR 08 120.00 LVS CALL (LVSCU) | LO | $ 8,360 | 11/27 | 8,990.00 | 12/18 | $ 630 | 8% |
LVS | 10 DEC 07 115.00 LVS CALL (LVSLC) | SO | $ 1,010 | 11/27 | 1,240.00 | 12/18 | $ 230 | 23% |
MA | 30 DEC 07 230.00 MA CALL (MALLF) | LO | $ 9,910 | 12/13 | 0 | 12/21 | $ (9,910) | -100% |
MA | 10 DEC 07 220.00 MA CALL (MALLD) | SO | $ 210 | 12/5 | 3,490.00 | 12/18 | $ 3,280 | 1562% |
MA | 20 DEC 07 220.00 MA CALL (MALLD) | SO | $ 410 | 12/4 | 2,830.00 | 12/18 | $ 2,420 | 590% |
MCO | 10 DEC 07 40.00 MCO CALL (MCOLH) | SO | $ 60 | 11/19 | 1,540.00 | 12/20 | $ 1,480 | 2467% |
MDT | 20 JAN 08 50.00 MDT CALL (MDTAJ) | SO | $ 1,710 | 12/13 | 2,390.00 | 12/20 | $ 680 | 40% |
MSFT | 10 DEC 07 32.50 MSFT CALL (MSQLZ) | SO | $ 2,760 | 11/27 | 1,610.00 | 12/20 | $ (1,150) | -42% |
MSFT | 100 DEC 07 35.00 MSFT CALL (MSQLG) | SO | $ 1,010 | 12/14 | 9,990.00 | 12/19 | $ 8,980 | 889% |
MSFT | 10 DEC 07 35.00 MSFT CALL (MSQLG) | SO | $ 110 | 12/13 | 740 | 12/19 | $ 630 | 573% |
NEM | 10 MAR 08 50.00 NEM CALL (NEMCJ) | LO | $ 4,610 | 12/4 | 3,390.00 | 12/17 | $ (1,220) | -27% |
NEM | 5 MAR 08 50.00 NEM CALL (NEMCJ) | LO | $ 2,310 | 12/4 | 1,690.00 | 12/17 | $ (620) | -27% |
NFLX | 30 DEC 07 22.50 NFLX CALL (QNQLX) | LO | $ 2,590 | 12/13 | 2,990.00 | 12/17 | $ 400 | 15% |
ORCL | 100 DEC 07 20.00 ORCL CALL (ORQLD) | LO | $ 10,010 | 12/19 | 23,990.00 | 12/20 | $ 13,980 | 140% |
ORCL | 100 JAN 08 20.00 ORCL PUT (ORQMD) | LO | $ 10,510 | 11/30 | 6,490.00 | 12/19 | $ (4,020) | -38% |
ORCL | 100 DEC 07 20.00 ORCL PUT (ORQXD) | SO | $ 3,010 | 11/30 | 8,490.00 | 12/19 | $ 5,480 | 182% |
PEP | 20 JAN 08 80.00 PEP CALL (PEPAP) | SO | $ 710 | 12/14 | 2,390.00 | 12/20 | $ 1,680 | 237% |
PFE | 20 DEC 07 22.50 PFE CALL (PFELX) | SO | $ 1,410 | 12/13 | 2,390.00 | 12/21 | $ 980 | 70% |
PTR | 20 DEC 07 195.00 PTR PUT (PTRXV) | SO | $ 31,610 | 12/13 | 20,990.00 | 12/21 | $ (10,620) | -34% |
PTR | 20 DEC 07 240.00 PTR PUT (DZAXH) | LO | $ 28,810 | 10/16 | 120,190.00 | 12/21 | $ 91,380 | 317% |
PTR | 10 JAN 08 190.00 PTR CALL (PTRAU) | LO | $ 13,010 | 10/12 | 5,490.00 | 12/17 | $ (7,520) | -58% |
PTR | 10 DEC 07 190.00 PTR CALL (PTRLU) | SO | $ 1,010 | 11/20 | 3,240.00 | 12/17 | $ 2,230 | 221% |
QID | 30 DEC 07 39.00 QID CALL (QIDLM) | SO | $ – | 12/13 | 140 | 12/21 | $ 140 | 100% |
RIMM | 20 DEC 07 103.38 RIMM CALL (RULLZ) | SO | $ 26,810 | 12/13 | 12,190.00 | 12/21 | $ (14,620) | -55% |
RIMM | 40 DEC 07 103.38 RIMM CALL (RULLZ) | SO | $ 56,010 | 12/13 | 24,390.00 | 12/21 | $ (31,620) | -57% |
RIMM | 50 DEC 07 120.00 RIMM PUT (RULXD) | LO | $ 8,710 | 12/21 | 14,990.00 | 12/21 | $ 6,280 | 72% |
RIMM | 40 JAN 08 105.00 RIMM CALL (RULAL) | LO | $ 6,930 | 10/4 | 67,990.00 | 12/21 | $ 61,060 | 881% |
RIMM | 10 DEC 07 103.38 RIMM CALL (RULLZ) | SO | $ 13,210 | 12/19 | 5,090.00 | 12/21 | $ (8,120) | -62% |
RIMM | 5 DEC 07 103.38 RIMM CALL (RULLZ) | SO | $ 6,760 | 12/19 | 2,540.00 | 12/21 | $ (4,220) | -62% |
RIMM | 10 DEC 07 100.00 RIMM CALL (RULLT) | SO | $ 7,010 | 12/17 | 7,240.00 | 12/19 | $ 230 | 3% |
RIMM | 5 DEC 07 100.00 RIMM CALL (RULLT) | SO | $ 3,510 | 12/17 | 3,615.00 | 12/19 | $ 105 | 3% |
RTP | 20 DEC 07 420.00 RTP PUT (RTPXM) | SO | $ – | 12/14 | 30,590.00 | 12/21 | $ 30,590 | 100% |
SBUX | 35 DEC 07 22.50 SBUX CALL (SQXLX) | SO | $ – | 12/10 | 1,040.00 | 12/21 | $ 1,040 | 100% |
SBUX | 20 JAN 09 30.00 SBUX CALL (VPRAF) | LO | $ 5,710 | 8/1 | 1,190.00 | 12/19 | $ (4,520) | -79% |
SHFL | 40 DEC 07 12.50 SHFL CALL (SFQLV) | SO | $ – | 12/10 | 590 | 12/21 | $ 590 | 100% |
SHLD | 20 DEC 07 140.00 SHLD CALL (KTQLW) | LO | $ 9,010 | 10/8 | 0 | 12/21 | $ (9,010) | -100% |
SHLD | 4 DEC 07 110.00 SHLD CALL (KTQLB) | SO | $ 110 | 12/13 | 1,030.00 | 12/19 | $ 920 | 836% |
SHLD | 40 JAN 08 105.00 SHLD CALL (KTQAA) | LO | $ 1,810 | 11/10 | 21,990.00 | 12/18 | $ 20,180 | 1115% |
SHLD | 40 DEC 07 110.00 SHLD CALL (KTQLB) | SO | $ 1,610 | 12/13 | 9,990.00 | 12/18 | $ 8,380 | 521% |
SHLD | 4 MAR 08 110.00 SHLD CALL (KTQCB) | LO | $ 5,490 | 11/27 | 3,270.00 | 12/18 | $ (2,220) | -40% |
SNDK | 20 DEC 07 35.00 SNDK CALL (SWQLG) | SO | $ 1,710 | 12/19 | 1,890.00 | 12/20 | $ 180 | 11% |
SPY | 100 JAN 08 151.00 SPY PUT (SYHMU) | LO | $ 50,110 | 11/28 | 47,490.00 | 12/21 | $ (2,620) | -5% |
SPY | 100 JAN 08 151.00 SPY PUT (SYHMU) | LO | $ 50,110 | 11/28 | 69,990.00 | 12/19 | $ 19,880 | 40% |
STX | 40 DEC 07 27.50 STX CALL (STXLY) | SO | $ – | 12/14 | 390 | 12/21 | $ 390 | 100% |
T | 20 JAN 08 40.00 T CALL (TAH) | SO | $ 2,410 | 12/14 | 4,490.00 | 12/20 | $ 2,080 | 86% |
T | 5 DEC 07 40.00 T CALL (TLH) | SO | $ 185 | 12/11 | 490 | 12/20 | $ 305 | 165% |
T | 10 DEC 07 40.00 T CALL (TLH) | SO | $ 360 | 12/11 | 990 | 12/20 | $ 630 | 175% |
TASR | 50 DEC 07 15.00 TASR CALL (QURLC) | SO | $ 260 | 12/12 | 490 | 12/21 | $ 230 | 89% |
TIF | 20 JAN 08 45.00 TIF CALL (TIFAI) | SO | $ 4,210 | 12/11 | 6,390.00 | 12/20 | $ 2,180 | 52% |
TINY | 20 DEC 15.00 TINY CALL (QJTLC) | LO | $ 1,070 | 5/15 | 0 | 12/21 | $ (1,070) | -100% |
TSO | 40 JAN 08 47.50 TSO PUT (TSOMX) | LO | $ 7,130 | 12/18 | 7,990.00 | 12/21 | $ 860 | 12% |
TSO | 10 DEC 07 50.00 TSO PUT (TSOXJ) | SO | $ 2,360 | 12/19 | 1,160.00 | 12/20 | $ (1,200) | -51% |
TSO | 10 DEC 07 45.00 TSO PUT (TSOXI) | SO | $ 110 | 12/7 | 940 | 12/19 | $ 830 | 755% |
TSO | 10 JAN 08 50.00 TSO PUT (TSOMJ) | LO | $ 4,310 | 12/7 | 2,890.00 | 12/19 | $ (1,420) | -33% |
TTWO | 15 JAN 08 17.50 TTWO CALL (TUOAW) | LO | $ 1,585 | 12/3 | 3,440.00 | 12/20 | $ 1,855 | 117% |
TTWO | 10 JAN 08 17.50 TTWO CALL (TUOAW) | LO | $ 1,060 | 12/3 | 2,390.00 | 12/19 | $ 1,330 | 126% |
TXN | 20 DEC 07 32.50 TXN CALL (TXNLZ) | SO | $ 1,510 | 12/11 | 2,990.00 | 12/20 | $ 1,480 | 98% |
TXN | 20 JAN 08 32.50 TXN CALL (TXNAZ) | SO | $ 2,410 | 12/14 | 3,590.00 | 12/20 | $ 1,180 | 49% |
UNH | 15 JAN 09 50.00 UNH CALL (VUHAJ) | LO | $ 12,310 | 11/9 | 18,260.00 | 12/20 | $ 5,950 | 48% |
UNH | 15 DEC 07 55.00 UNH CALL (UHBLK) | SO | $ 4,060 | 11/20 | 1,490.00 | 12/20 | $ (2,570) | -63% |
UTX | 15 DEC 07 75.00 UTX CALL (UTXLO) | SO | $ 1,885 | 11/20 | 2,840.00 | 12/20 | $ 955 | 51% |
WFR | 20 DEC 07 90.00 WFR CALL (WFRLR) | SO | $ 2,210 | 12/19 | 1,990.00 | 12/20 | $ (220) | -10% |
WFR | 20 DEC 07 80.00 WFR CALL (WFRLP) | SO | $ 9,010 | 11/30 | 7,990.00 | 12/18 | $ (1,020) | -11% |
WMT | 20 DEC 07 47.50 WMT CALL (WMTLW) | SO | $ 810 | 11/20 | 1,490.00 | 12/21 | $ 680 | 84% |
XLE | 50 DEC 07 77.00 XLE PUT (XTGXY) | SO | $ 260 | 12/11 | 9,990.00 | 12/21 | $ 9,730 | 3742% |
XLE | 50 JAN 08 73.00 XLE CALL (XBTAU) | LO | $ 6,860 | 9/21 | 31,490.00 | 12/21 | $ 24,630 | 359% |
XLE | 100 DEC 07 76.00 XLE CALL (XBTLX) | SO | $ 18,710 | 11/16 | 5,490.00 | 12/21 | $ (13,220) | -71% |
XLE | 50 JAN 08 78.00 XLE PUT (XTGMZ) | LO | $ 20,510 | 12/5 | 10,490.00 | 12/21 | $ (10,020) | -49% |
XMSR | 10 DEC 07 20.00 XMSR CALL (QSYLD) | LO | $ 420 | 12/4 | 0 | 12/21 | $ (420) | -100% |
XMSR | 10 DEC 07 10.00 XMSR PUT (QSYXB) | LO | $ 370 | 12/4 | 0 | 12/21 | $ (370) | -100% |
XMSR | 10 DEC 07 20.00 XMSR CALL (QSYLD) | LO | $ 420 | 12/4 | 0 | 12/21 | $ (420) | -100% |
XMSR | 10 DEC 07 15.00 XMSR PUT (QSYXC) | SO | $ 2,510 | 12/4 | 1,950.00 | 12/20 | $ (560) | -22% |
XMSR | 10 DEC 07 10.00 XMSR PUT (QSYXB) | LO | $ 370 | 12/4 | 40.05 | 12/20 | $ (330) | -89% |
XMSR | 10 DEC 07 15.00 XMSR PUT (QSYXC) | SO | $ 2,510 | 12/4 | 1,950.00 | 12/20 | $ (560) | -22% |
YHOO | 25 DEC 07 25.00 YHOO CALL (YHQLE) | SO | $ – | 12/11 | 365 | 12/21 | $ 365 | 100% |
YHOO | 25 DEC 07 25.00 YHOO CALL (YHQLE) | SO | $ – | 12/11 | 365 | 12/21 | $ 365 | 100% |