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New York
Tuesday, November 5, 2024

$10KP Review

We are too tight for cash here so we’ll need to scare some up.

Unfortunately, in a small virtual portfolio, you have to make some moves due to cash constraints that are contrary to a better plan.  NEM for example, I feel very strongly about the fact that they will get through $50 but we sold 3 of 5 Jan $47.50s simply because we needed cash.   When NEM breaks up, we should be able to roll up to $50s.

GE is also having a tough time getting going here and I don’t like holding  a Jan call so we’ll have to get out of that this week despite my love of the company.  AMGN is effectively more than $3K in the vault and we’re covered – we would sell that if we saw a more exciting opportunity. 

RIMM Mar $100s need to be moved to the Mar $113s for no less than $8, that will put us as a small disadvantage to our caller but I’m more worried about RIMM dropping than going up and our downside delta is too high for the amound of risk we can afford.  This will cost us $1,690 in margin and we need to keep another $2K available and immeditael offer a good to cancel order to roll back to the March $110s for $3.70.  If we’re lucky, there will be a nice downward spike that will allow us to move back and, if not, there’s always February to roll our caller to.

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Info
Notes
Stop
Limits
Issue
Symbol
Description Qty Trans
Date
Age Net
Cost
Issue Price/
Total Change
Curr. Price/
Change Today
Gain/Loss Market
Value
3 Long Calls

  DLQBF Feb 2008 30 CALL [DELL @ $25.15 $0.27] 10 11/29/2007 (52) $1,210.00 $1.20 $-1.10 $0.10 $0.00 $-1,110.00 -91.7% $100.00

  GEAS Jan 2008 37.5 CALL [GE @ $37.53 $0.39] 10 12/11/2007 (24) $1,310.00 $1.30 $-0.38 $0.92 $0.10 $-390.00 -29.8% $920.00

  NEMCW Mar 2008 47.5 CALL [NEM @ $48.45 $-0.25] 2 12/17/2007 (87) $880.00 $4.40 $-0.30 $4.10 $-0.35 $-60.00 -6.8% $820.00
4 Calendar Call Spreads

  AMQDW Apr 2008 47.5 CALL [AMGN @ $48.16 $0.14] 10 12/17/2007 (115) $4,230.00 $4.22 $-0.22 $4.00 $0.02 $-230.00 -5.4% $4,000.00

  AMQAJ Jan 2008 50 CALL [AMGN @ $48.16 $0.14] -10 12/21/2007 (24) $-840.00 $0.85 $-0.05 $0.80 $-0.04 $40.00 4.8% $-800.00

  BUDCK Mar 2008 55 CALL [BUD @ $53.58 $0.14] 5 11/30/2007 (87) $760.00 $1.50 $0.20 $1.70 $0.05 $90.00 11.8% $850.00

  BUDAK Jan 2008 55 CALL [BUD @ $53.58 $0.14] -5 12/21/2007 (24) $-340.00 $0.70 $-0.05 $0.65 $0.05 $15.00 4.4% $-325.00

  NEMCW Mar 2008 47.5 CALL [NEM @ $48.45 $-0.25] 3 12/17/2007 (87) $1,330.00 $4.40 $-0.30 $4.10 $-0.35 $-100.00 -7.5% $1,230.00

  NEMAW Jan 2008 47.5 CALL [NEM @ $48.45 $-0.25] -3 12/21/2007 (24) $-800.00 $2.70 $-0.30 $2.40 $-0.35 $80.00 10.0% $-720.00

  RULCT Mar 2008 100 CALL [RIMM @ $117.98 $-0.65] 5 12/17/2007 (87) $8,010.00 $16.00 $7.50 $23.50 $-0.60 $3,740.00 46.7% $11,750.00

  RULAB Jan 2008 110 CALL [RIMM @ $117.98 $-0.65] -5 12/21/2007 (24) $-6,290.00 $12.60 $-1.25 $11.35 $-0.85 $615.00 9.8% $-5,675.00
Market Prices Index Price Change
1/100 DJ INDUSTRIALS $DJX $135.49 $0.98
NASDAQ 100 INDEX $NDX $2,128.62 $16.85
S&P 500 INDEX $SPX $1,496.45 $11.99
Net Cost:  $9,460.00
Total Income:  $8,270.00
Market Value:  $12,150.00
Cash on Hand:  $518.00
Total Value:  $12,668.00
Virtual Portfolio Return:  26.7%

 

 

 

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