To: pezz who wrote (41803 ) 11/20/2003 12:13:33 PM From: TobagoJack Respond to of 74559 Hello Pezz, Report: I felt restless and so decided to tap into the NEM ATM and abscond with some pocket money, so as to better enjoy my upcoming January holiday. I shorted a dollop of NEM March Put strike 40 at USD 1.75/shr; and I shorted two dollops of NEM Dec Put strike 42.5 at USD 0.95/shr. I am figuring that: (a) The FED and Administration of the Empire will keep the deluge coming, thus almost guaranteeing that any broad US equity market dunking will be temporary; (b) NEM, as a part of the broad market, if dunked, will bounce back; (c) The deluge will tend to raise NEM and its siblings in the tide in any case; (d) The USD will decline, but given the FED and other Central Banks’ insurgency, will only decline gently, allowing lots of time to flirt repeatedly with NEM and its derivatives; (e) But given that the USD will decline, either gently or cataclysmically, NEM will do well as a big solid portfolio reset-button; and (f) Besides, NEM options trade is my hobby, and further more, I have a bunch of NEM about to be called away tomorrow :0)Forecast Report: The following options will expired in the money tomorrow, some of my shares will be called away, and I will be able to book profit. All is as usual, booking free moolah :0) Short HMY Nov covered Call 12.5 @ 1.90-1.95 Short NEM Nov covered Call 42.5 @ 1.35The HMY option trade was a part of this achamchen.com covert plan: http://www.siliconinvestor.com/readmsg.aspx?msgid=18811751 April 8th, 2003 Purchased extra large wallop of Harmony (HMY) at 11.74/shr Shorted extra large wallop of HMY November Call Strike 12.5 at 1.90-1.95 Shorted extra large wallop of HMY November Put Strike 10 @ 1.30 … and …http://www.siliconinvestor.com/readmsg.aspx?msgid=18897343 April 30th, 2003 Got notified that some eager Put owner jumped the gun on me and sold me a bunch of Harmony at USD 12.5 (current market price at USD 10.26), exercising a quarter of my shorted May 12.5 puts; … and …http://www.siliconinvestor.com/readmsg.aspx?msgid=18949830 May 15thy, 2003 (B) Expiration of 50% of this trade Message 18247181 November 18th, 2002 (b) Harmony (HGMCY) May Put Strike 12.5 @ 1.40/shr I do not need to do anything more complicated than closing out the position on my MS Money program, and keep the gift. … and …http://www.siliconinvestor.com/readmsg.aspx?msgid=18997777 June 3rd, 2003 Closed this HMY August Put 12.5 Message 18732391 at USD 0.85/option, earning USD 1.40/option … Closed this HMY November Put 10 Message 18811751 at USD 0.50/option, earning USD 0.80/option … Yes, I took the money and ran away, like a coward. Or, like a soldier before entering a new combat area, I must reload ammunition, divest of some baggage, and take a rest. … and …http://www.siliconinvestor.com/readmsg.aspx?msgid=19193148 August 8th, 2003 Shorted a dollop of HMY Feb 2004 Puts strike 12.5 @ 1.60/shr, and… and the NEM trade is part of this achamchen.com masterful sequence …http://www.siliconinvestor.com/readmsg.aspx?msgid=19442681 October 28th, 2003 ... 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 … and the shares thus called away came from this trade …http://www.siliconinvestor.com/readmsg.aspx?msgid=19426552 October 22nd, 2003 I confirm to you that this Message 19424061 <<i ordered 2 dollops of nem at 41.07 and 3 dollops of pal at 5.40 or better>> was executed flawlessly Chugs, Jay