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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (40359)10/28/2003 7:49:35 PM
From: TobagoJack   of 74559
 
Hello Pezz, Today’s Report (Correction of Message 19442681 :
To augment financing for my January Chinese Lunar New Year vacation:
(a) I shorted a dollop of NEM November Covered Call 42.5 @ 1.35

(b) I shorted another dollop of NEM December Covered Call 42.5 @ 2.05

(c) Bought a dollop of BFLY at 2.16/shr, just in case you are proven correct having bought at 2.33/shr; and

(d) For good measure, I bought a tranche of KCS Energy at USD 7.85/shr because Energyplay did at 7.90/shr :0)

On the NEM covered Calls, I am figuring that I can do another round upon November and December expiry dates when these calls expire worthless. If they do not expire worthless, then it would probably mean I can close out my March NEM Put 35s and 40s at profit.

...

I am satisfied with tonight’s looting, and so I go back to sleep:0)

Chugs, Jay
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