Closed out AIG @ 5.70 for 2.55 profit.

Stock   Strike              In         Pr      out         Pr       Unit  PL
ABT      AUG 52.5 PUT  16-6     1.75   17-Jun   1.45     1     -30.00
CTXS    SEP 30 PUT     17-8      1.6    18-Jun   1.67     1     14.00
UPS     JUL 70 PUT      4-6        1.78  20-Jun   (3.30)   1
(3.75)        1    349.00
CAT     AUG 80 PUT     17-6      3.75  23-Jun   3.72      1    -3.00
CMCSA JUL 22.5PUT    4-Jun     1.03  23-Jun   3.40      1    237.00
MCHP    OCT 30 PUT   23-Jun    2.08 25-Jun   1.62      1    -46.00
ERTS    SEP 55-50       23-Jun    1.27 26-Jun   0.90      2   -74.00
AAPL    OCT 175-170   23-Jun    2.48 26-Jun   2.70      1   22.00
ESRX    JUL 65 - 70     24-Jun    1      26-Jun   1.10      2   20.00
MMM    JUL 75 PUT     17-Jun    1.9    26-Jun   4.50      1   260.00
CMCSA JUL 22.5PUT    4-Jun     1.03  27-Jun   3.80      1   277.00
BNI    OCT BC110-115 23-Jun    1.45 27-Jun   1.10      2   70
AIG    AUG 32 PUT      23-Jun    3.15  3-Jul     5.70      1   255.00

PL for June 1,351.00

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Wow, I experimented with a few new plug ins and got all the text in this blog all messed up. I just taken out the plug-ins and back to normal again. Great.

Meanwhile, the market had just made a pullback and I might take out more positions again to capture the profits while looking to put new positions for the new month. This week is the week of 4th Jul holiday so I thing the market might just quiet down a bit notwithstanding news. It was a good bear run for me in June.

Open PL as of yesterday :-

Stock Unit Strategy Strike Expiry Price Closing Pr Open P&L
AIG      1      PUT      32       AUG     3.15   5.98          282.50
ALTR   1      PUT      22.5    SEP      1.85   2.75           90.00
MMM  1      PUT      75       JUL       1.9     5.40           350.00

Unrealized PL +772.50

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The market continued on its weak note and I closed out CMCSA and BNI. CMCSA as it had made a long way down and nearing strong support and BNI because in the first place a bear call oct trade is not exactly a good one to take advantage of the current fast move down. In any case, the options delta was low and hence despite markets weakness, it didn’t generate the profit I am looking for :).

Stock  Strike	Exp	In    Pr    out	     Pr   Unit  PL

ABT    52.5PUT	AUG 08	16-6  1.75  17-Jun   1.45   1   -30.00

CTXS   30 PUT	SEP 08	17-8  1.6   18-Jun   1.67   1   14.00

UPS    70 PUT	JUL 09	4-Jun 1.78  20-Jun   (3.30) 1

					     (3.75) 1   349.00

CAT    80 PUT	AUG 08	17-Jun 3.75  23-Jun   3.72  1   -3.00

CMCSA	22.5PUT	JUL 08	4-Jun	1.03 23-Jun   3.40  1   237.00

MCHP	30	OCT	23-Jun	2.08 25-Jun   1.62  1   -46.00

ERTS	55 - 50	SEP	23-Jun	1.27 26-Jun   0.90  2   -74.00

AAPL	175-170	OCT 08	23-Jun	2.48 26-Jun   2.70  1   22.00

ESRX	65 - 70	JUL 08	24-Jun	1    26-Jun   1.10  2   20.00

MMM	75 PUT	JUL 08	17-Jun	1.9  26-Jun   4.50  1   260.00

CMCSA	22.5PUT	JUL 08	4-Jun	1.03 27-Jun   3.80  1   277.00

BNI	BC110-115OCT 08 23-Jun	1.45 27-Jun   1.10  2   70

PL +1096.00

Open Positions

Date	StockUnit  Strike  Exp	Price	Pr	Open P&L
23-Jun	AIG	1  32PUT   AUG	3.15	5.25	210.00
23-Jun	ALTR	1  22.5PUT SEP	1.85	2.45	60.00
17-Jun	MMM	1  75 PUT  JUL 	1.9	5.65	375.00

Unrealized PL +645.00

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I am still juggling with the fonts here so excuse the jaggedness…
The market plunged through support yesterday and Dow ended its worst ever June performance since 1930 and as crude hit new highs and Goldman Sach downgraded some big stocks like GM. I took out some positions though those are bearish as I see them not going with the main market and stayed resilient. For those I am holding, although they are on extended move down like MMM, AIG and CMCSA, I will wait for the right move. I have also closed out one position of MMM to take profit on the table :).

Closed Positions

Stock Strike Exp Date Ent Pr Date out Pr Unit PL
CTXS 30 PUT SEP 08 17-Jun 1.6 18-Jun-08 1.67 1 14.00
ABT 52.5 PUT AUG 08 16-Jun 1.75 17-Jun-08 1.45 1 -30
UPS 70 PUT JUL 09 4-Jun 1.78 20-Jun-08 (3.30,3.75) 2 349
CAT 80 PUT AUG 08 17-Jun 3.75 23-Jun 3.72 1.00 -3.00
MCHP 30 OCT 23-Jun 2.08 25-Jun 1.62 1 -46.00
ERTS 55 - 50 SEP 23-Jun 1.27 26-Jun 0.90 2 -74.00
AAPL 175-170 OCT 08 23-Jun 2.48 26-Jun 2.70 1 22.00
ESRX 65 - 70 JUL 08 24-Jun 1.00 26-Jun 1.10 2 20.00
MMM 75 PUT JUL 08 17-Jun 1.9 26-Jun 4.50 1 260.00
CMCSA 22.5 PUT JUL 08 4-Jun 1.03 23-Jun-08 3.4 1 237.00

PL 749.00

Open Positions

Date Stock Unit Strategy Strike Pr Expiry Price Closing Pr Open P&L
4-Jun CMCSA 1 PUT 22.5 PUT JUL 08 1.03 3.90 287.00
17-Jun MMM 1 PUT 75 PUT JUL 08 1.9 4.90 330.00
23-Jun ALTR 1 PUT 22.5 SEP 1.85 2.43 57.50
23-Jun AIG 1 PUT 32 AUG 3.15 4.93 177.50
23-Jun BNI 2 BEAR CALL 110-115 OCT 08 1.45 1.05 80.00

Unrealized PL 902.00

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I have just set up this blog on this new site and some of my older blogs from wordpress.com didn’t appear complete. I will have to take some time to repost them in the right order.

Meanwhile, the market took a retreat up and I closed out MCHP for a $46 loss as my reason for staying in the trade has been negated. All other positions are on hold pending market conditions.

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