$25KP Review

November 27, 2007

135

I’m going to run this like an LTP review as there’s lots to consider so I’ll make a comment under each position.

Early morning futures indicate positive moves in the US but Europe is falling apart and I don’t see enough to really hold us up if they are buckling under growth concerns that I mentioned yesterday but are only starting to matter today (the same with the investment in C which is suddenly a lead story 24 hours later) "S’ means sold short:

Description

Type

Cost Basis

Opened

Sale Price

Closed

Days

Gain/Loss $ %

AAPL

10 DEC 07 150.00 AAPL PUT (APVXJ)

O

$ 4,710.00

11/15/2007

$ 1,750.00

12

$ -2,960.00

-62.8 %

10 DEC 07 165.00 AAPL PUT (APVXM)

S

$ 5,200.00

11/15/2007

$ 12,740.00

12

$ 7,540.00

59.2 %

10 DEC 07 165.00 AAPL CALL (APVLM)

S

$ 13,300.00

11/15/2007

$ 11,990.00

12

$ -1,310.00

-10.9 %

10 DEC 07 175.00 AAPL CALL (APVLO)

O

$ 6,160.00

11/15/2007

$ 7,500.00

12

$ 1,340.00

21.8 %

5 DEC 07 150.00 AAPL PUT (APVXJ)

O

$ 2,160.00

11/19/2007

$ 875.00

8

$ -1,285.00

-59.5 %

5 DEC 07 180.00 AAPL CALL (APVLP)

O

$ 2,185.00

11/19/2007

$ 2,700.00

8

$ 515.00

23.6 %

5 DEC 07 175.00 AAPL CALL (APVLO)

S

$ 3,850.00

11/20/2007

$ 3,190.00

7

$ -660.00

-20.7 %

5 APR 08 170.00 AAPL CALL (APVDN)

O

$ 10,860.00

11/20/2007

$ 13,050.00

7

$ 2,190.00

20.2 %

5 DEC 07 165.00 AAPL CALL (APVLM)

S

$ 6,650.00

11/20/2007

$ 6,240.00

7

$ -410.00

-6.6 %

5 DEC 07 155.00 AAPL PUT (APVXK)

O

$ 1,760.00

11/20/2007

$ 1,270.00

7

$ -490.00

-27.8 %

5 DEC 07 145.00 AAPL PUT (APVXI)

S

$ 635.00

11/20/2007

$ 6,115.00

7

$ 5,480.00

89.6 %

5 DEC 07 180.00 AAPL CALL (APVLP)

O

$ 2,760.00

11/26/2007

$ 2,700.00

1

$ -60.00

-2.2 %

Gosh, what a mess. At least it’s up almost $10K overall but these get very hard to follow. To close or not to close the 10 put side (up $5K), that is the question. There’s still $3.5K to make there but only if we finish over $165 while the 10 call side is even at the moment. I’ll have to run this down as a whole separate thing as it’s way to complicated for this space…

$ 9,890.00

16.4 %

CAKE

20 APR 08 22.50 CAKE CALL (CFQDX)

O

$ 4,710.00

11/19/2007

$ 4,900.00

8

$ 190.00

4.0 %

20 DEC 07 22.50 CAKE CALL (CFQLX)

S

$ 2,300.00

11/19/2007

$ 1,790.00

8

$ -510.00

-28.5 %

CAKE is having a tough time at the 50 dma at $23.20 AS EXPECTED so let’s hope they keep consolidating down here as we don’t want a breakout this month.

$ -320.00

-4.6 %

DIA

10 JAN 08 129.00 DIA PUT (DAWMY)

O

$ 4,210.00

11/23/2007

$ 5,200.00

4

$ 990.00

23.5 %

You guys know I would have been all over selling puts against these into yesterday’s drop, we have to drill these until you do it by reflex! They only cost $4.20 and someone was willing to give us $3.20 back for puts that were $2 further off the money – that’s a virtual guarantee that you will win this position! Our goal is to win, size does not matter, not losing matters… If you can learn to take 50 sure things a year for 10% each rather than letting them ride, I can assure you it will have a positive impact on your virtual portfolio!

$ 990.00

23.5 %

GOOG

6 DEC 07 710.00 GOOG PUT (GOQXB)

S

$ 32,880.00

11/5/2007

$ 26,114.00

22

$ -6,766.00

-25.9 %

6 DEC 07 690.00 GOOG PUT (GOQXR)

O

$ 14,410.00

11/5/2007

$ 24,360.00

22

$ 9,950.00

69.0 %

2 DEC 07 730.00 GOOG CALL (GOQLF)

O

$ 7,530.00

11/6/2007

$ 1,500.00

21

$ -6,030.00

-80.1 %

2 DEC 07 710.00 GOOG CALL (GOQLB)

S

$ 2,480.00

11/6/2007

$ 10,270.00

21

$ 7,790.00

75.9 %

5 JAN 08 660.00 GOOG CALL (GOOAL)

O

$ 21,260.00

11/13/2007

$ 24,050.00

14

$ 2,790.00

13.1 %

5 DEC 07 650.00 GOOG CALL (GOOLJ)

S

$ 19,700.00

11/20/2007

$ 15,840.00

7

$ -3,860.00

-24.4 %

Not as messy as AppleFly but still messy, I’ll deal with these later. There’s 2 plays here, the Apr/Dec calendar, which is fine(ish) and the unfinished Googlefly which we can start buying 2 more $710 calls on at $7.50 I think (again, later).

$ 3,874.00

3.9 %

HMY

60 JAN 08 10.00 HMY CALL (HMYAB)

O

$ 6,610.00

10/24/2007

$ 4,500.00

34

$ -2,110.00

-31.9 %

60 DEC 07 10.00 HMY CALL (HMYLB)

S

$ 3,300.00

10/24/2007

$ 5,690.00

34

$ 2,390.00

42.0 %

Cutting this one kind of close, hoping for pin action into expiration.

$ 280.00

2.8 %

LVS

10 JAN 08 115.00 LVS CALL (LVSAC)

O

$ 25,610.00

10/29/2007

$ 6,300.00

29

$ -19,310.00

-75.4 %

10 DEC 07 115.00 LVS CALL (LVSLC)

S

$ 3,800.00

11/20/2007

$ 6,790.00

7

$ 2,990.00

44.0 %

Double roll down to the $110s, should be an even trade.

$ -16,320.00

-55.5 %

MSFT

10 JAN 08 35.00 MSFT CALL (MSQAG)

O

$ 1,180.00

11/19/2007

$ 790.00

8

$ -390.00

-33.1 %

10 JAN 08 35.00 MSFT CALL (MSQAG)

O

$ 1,180.00

11/20/2007

$ 790.00

7

$ -390.00

-33.1 %

10 DEC 07 35.00 MSFT CALL (MSQLG)

S

$ 360.00

11/20/2007

$ 700.00

7

$ 340.00

48.6 %

Rolling caller to 10 $32.50s for +$1 but no change to our calls just yet.

$ -440.00

-16.2 %

NFLX

20 JAN 08 25.00 NFLX CALL (QNQAE)

O

$ 4,150.00

11/13/2007

$ 1,000.00

14

$ -3,150.00

-75.9 %

Dead end of a spread, we’re not chasing but hoping for a recovery.

$ -3,150.00

-75.9 %

PFE

40 MAR 08 22.50 PFE CALL (PFECX)

O

$ 6,210.00

11/19/2007

$ 5,000.00

8

$ -1,210.00

-19.5 %

People aren’t buying safety stocks? I can wait on these.

$ -1,210.00

-19.5 %

SHLD

4 DEC 07 125.00 SHLD CALL (KTQLE)

5

$ 660.00

11/20/2007

$ 1,270.00

7

$ 610.00

48.0 %

4 MAR 08 120.00 SHLD CALL (KTQCD)

O

$ 4,550.00

11/20/2007

$ 3,360.00

7

$ -1,190.00

-26.2 %

They thought Eddie’s losing it buying C with me but we’ll see! Time is on our side so we’ll roll ourselves down to the $110s for $4 in preparation for rolling our caller down on a good bounce back near $115 (like yesterday’s open and Friday’s close).

$ -580.00

-11.1 %

T

5 APR 08 42.50 T CALL (TDV)

O

$ 1,510.00

9/27/2007

$ 395.00

61

$ -1,115.00

-73.8 %

10 DEC 07 40.00 T CALL (TLH)

S

$ 2,050.00

9/27/2007

$ 200.00

61

$ -1,850.00

-90.2 %

5 JAN 08 40.00 T CALL (TAH)

O

$ 260.00

10/19/2007

$ 1,415.00

39

$ 1,155.00

81.6 %

WTF? It’s the Decembers that are technically uncovered and we’ll have to let those die barring a miracle. We may as well take out the Jans for .50 and roll down the Aprils to the $37.50s for +$1.60 as this is a 4% dividend payer with a p/e of 19 and 18% growth so I’m willing to go down in flames with this one!

$ -1,810.00

-47.4 %

TSO

5 JAN 08 57.50 TSO PUT (TSOMZ)

O

$ 2,510.00

10/19/2007

$ 3,850.00

39

$ 1,340.00

53.4 %

5 DEC 07 55.00 TSO PUT (TSOXK)