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Re: [RT] Re: option update



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basically we have a goose that lays one golden egg  per 
month,,   it is 175 leaps  (long term option)
it is the  LRIAI (it is the Jan  35 qqq  good 
until  2004)
every month we sell   the 36 calls   (this 
month it is the  qqqfj)  june 36 calls,, 175 times  $175 is 
$30625  this is what we want to expire worthless,,
and for insurance  against loss of the principle  ,, 
we bought the  may 34 put (qavqh)
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  hope this helps
  Ben
   
  ----- Original Message ----- 
   
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Neal 
  Chabot 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, April 04, 2002 11:29 
  PM
  Subject: Re: [RT] Re: option update
  
  Ben,
  if you just say what the month and strike price are
  instead of the codes,  it would be easier for most of us
  to decipher what you are doing.
  Neal
  <BLOCKQUOTE 
  style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    <A title=profitok@xxxxxxxxxxxxx 
    href="mailto:profitok@xxxxxxxxxxxxx";>profitok 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Cc: <A title=gannsghost@xxxxxxxxxxxxxxx 
    href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxx 
    
    Sent: Thursday, April 04, 2002 7:28 
    PM
    Subject: Re: [RT] Re: option 
    update
    
    Now that I have time let me finish
    the closing of the long  175 qavph resulted in a LOSS 
    of  $12500
    selling 175 qqqfj   result in income 
    of   $30625
    and
    buying protection again  175  qavqh  
    cost $21000
    current value
    175 IRIAI  is  $120750
    175 short  qqqfj  is worth  
    $28875
    and long qavgh  is worth $21875
    on the closed  positions we are ahead  
    $8575  in 4 week  for a $133000  investment
    <BLOCKQUOTE 
    style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
      ----- Original Message ----- 
      <DIV 
      style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
      <A title=profitok@xxxxxxxxxxxxx 
      href="mailto:profitok@xxxxxxxxxxxxx";>profitok 
      To: <A 
      title=realtraders@xxxxxxxxxxxxxxx 
      href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
      
      Cc: <A 
      title=gannsghost@xxxxxxxxxxxxxxx 
      href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxx 
      
      Sent: Wednesday, April 03, 2002 10:11 
      AM
      Subject: [RT] Re: option update
      
      just to let you know
      we got filled on the buy to close  175 qqqej 
      at  1.75
      net profit  $21075
      next
      we are selling   qavph
      order to sell at.75
      <BLOCKQUOTE dir=ltr 
      style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
        ----- Original Message ----- 
        <DIV 
        style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
        <A title=profitok@xxxxxxxxxxxxx 
        href="mailto:profitok@xxxxxxxxxxxxx";>profitok 
        To: <A 
        title=realtraders@xxxxxxxxxxxxxxx 
        href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
        
        Cc: <A 
        title=gannsghost@xxxxxxxxxxxxxxx 
        href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxx 
        
        Sent: Monday, March 25, 2002 10:03 
        PM
        Subject: option update
        
        current value
         
        remember  purchasing  130000 of options  in the last 
        4 weekshere is the update as of today closehere is the 
        update as of today closelong   175   
        IRIAI   total cost  $144000 current value 
        $$133000long   175  QAVPH    
        cost  $25625   current value $ 11375short   
        175  QQQEJ   sold  $44875  current   
        profit  $16000have order to buy  back to close@  
        1.35(qqqej)To unsubscribe from this 
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