The complete list of stock option positions and purchase prices were entered 8/23 and can be seen as a blog entries on the same date. While most of the options are holding a modest profit and the underlying is behaving well, the volatility can change this good fortune in a single session. The biggest benefit to options is the exposure to the upside market potential with loss protection build into the cost of the option. Not that we would ever let an option go to zero, but there is a worst case scenario that still lets you trade another day.
UIC is the best performer thus far showing the perfect chart pattern with new highs in the last 3 sessions with rising volume. AXL sept 15 put was added for a bit of short term hedge should the market turn south.
Current Option Positions UIC oct 55 call, XLB oct 32 call, KND oct 35 Call ....
Wednesday, 30. August 2006
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