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Re: [RT] option update



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Hello Gary
here is a copy of my post from  4/4
this will give you the progress until that date

 
 
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 ----- 
     
<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: 
  Gary Funck 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Monday, April 08, 2002 8:24 
PM
  Subject: RE: [RT] option update
  
   
  <BLOCKQUOTE 
  style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #800080 2px solid">
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: profitok 
    [mailto:profitok@xxxxxxxxxxxxx]Sent: Monday, April 08, 2002 7:31 
    AMTo: <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxxCc: 
    <A 
    href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxxSubject: 
    [RT] option update
    good morning
     
    I sold 175 of the  Qavpe  April 32 
    puts   to open at  .20
    bought 25 of the lriai at 6  
    bought to close 175 qqqfj  at 1.15
    will calculate   closed positions  profit 
    later
    <FONT face=Arial 
    color=#800080> 
  In your 
  March 25 note:
   
  
    > From: profitok
    > Sent: Monday, March 25, 2002 10:03 
    PM
    long 175 IRIAI total cost $144000 
    current value $$133000
    long 175 QAVPH cost $25625 current value 
    $ 11375
    short 175 QQQEJ sold $44875 current 
    profit $16000
    have order to buy back to close@ 
    1.35(qqqej)<FONT color=#800080 
    size=3> 
    <SPAN 
    class=974230900-09042002> 
  <SPAN 
  class=974230900-09042002>you didn't mention qqqfj's 
  - are those new, or did you mean qqqej? If QQQEJ, then it looks like the high 
  for the day was $1.05, which makes $1.15 a pretty good price. <g> The 
  QQQEJ's are May 36c's and the QQQFJ are June 
  36c's.
  <SPAN 
  class=974230900-09042002> 
  <SPAN 
  class=974230900-09042002>Also, above, it looks like you're selling April puts 
  to open (they expire in 9 trading days). Is this a departure from your LEAPS 
  based covered call (spread) strategy with (long) put protection, or 
  simply  an expiration-related opportunity?
  <SPAN 
  class=974230900-09042002> 
  <SPAN 
  class=974230900-09042002>(nice fill on the LRIAI's (Jan-04 35c) - that's the 
  low of the day.)
  <SPAN 
  class=974230900-09042002> 
  <FONT 
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