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To: kodiak_bull who wrote (23078)5/13/2005 1:38:50 PM
From: kodiak_bull  Respond to of 23153
 
Short Update on the KWK Campaign (note, this is an educational set of trades I'm undertaking to see how well I can do, percentage-wise, using for the moment one underlying, KWK, and its next month options (usually):

Bought the Jun 55 calls at $1.20, today (5/13), this is transaction "c" in the campaign, as noted below:

2. KWK options. 5/2- 5/13 (10 trading days)

a. Long 20 KWK May 55 calls at 0.95, commissions of $25.90, total capital at risk: $1925.90

Closing value at $1.65: $3300.00

Net gain: $1348.10

Percentage gain: 70%

b. Long 20 KWK Jun 50 puts at 1.05, commissions of $25.90, total capital at risk: $2125.00

Gross amount received on b transaction: $3274.89

Net gain: $1149.89

Percentage gain: 54.1%

(Cash, $4,423.89)

Current capital at risk: 00.00 (none)

Cash: $4,423.89

c. Long 20 KWK Jun 55 calls @ 1.20, commissions of $25.00, total capital at risk: $2,425.00

Cash: $1998.89

Total capital: $4,423.89

Kb