OPTION / SPREAD RECOMMENDATIONS

We started putting on the positons on Dec 31st.

- - - -BUY SELL - - - - - - C O N F I R M A T I O N - - - - - - - - - - - - - -
WE HAVE MADE THIS DAY THE FOLLOWING TRADES FOR YOUR ACCOUNT AND RISK.
              2   MAR03 CBT SOYBNS      C  580   09                     900.00
          *    2*  COMM/FEE              112.68- PREM                  900.00 *
                   EXP  2/21/03  LST TRD  2/21/03
         1        MAR03 CBT SOYBNS      P  560   14                     700.00-
         1*     *  COMM/FEE               56.34- PREM                  700.00-*
                   EXP  2/21/03  LST TRD  2/21/03
 

Below we were filled on our other positon on Jan 10th

- - - -BUY SELL - - - - - - C O N F I R M A T I O N - - - - - - - - - - - - - -
WE HAVE MADE THIS DAY THE FOLLOWING TRADES FOR YOUR ACCOUNT AND RISK.
         1        MAR03 CBT SOYBNS      C  560   14                     700.00-
         1*     *  COMM/FEE               56.33- PREM                  700.00-*
                   EXP  2/21/03  LST TRD  2/21/03
 

 

Below we got filled on the other positions on Jan 13th

WE HAVE MADE THIS DAY THE FOLLOWING TRADES FOR YOUR ACCOUNT AND RISK.
              2   MAR03 CBT SOYBNS      P  540   07                     700.00
          *    2*  COMM/FEE              112.66- PREM                  700.00 *
                   EXP  2/21/03  LST TRD  2/21/03
 

As you can see from above we used a base point of 560 for the long call and put and sold 2 - 580 calls and 2 - 540 puts  We paid out 14 for the 560 put and brought in 14 for the 2 short 540 puts, on the call side we paid out 14 for the 560 call and brought in 18 for the 2 short 580 calls for a total credit of 4 cents ($200) which helped pay for some of the trans costs.

 

Below is us liquidating the long 560 call for $700, which was sold on Feb 12th.

WE HAVE MADE THIS DAY THE FOLLOWING TRADES FOR YOUR ACCOUNT AND RISK.
              1   MAR03 CBT SOYBNS      C  560   14                     700.00
          *    1*  COMM/FEE                7.33- PREM                  700.00 *
                   EXP  2/21/03  LST TRD  2/21/03
 

Below we are selling the long 560 put for $62.50 on Feb 20th

- - - -BUY SELL - - - - - - C O N F I R M A T I O N - - - - - - - - - - - - - -
WE HAVE MADE THIS DAY THE FOLLOWING TRADES FOR YOUR ACCOUNT AND RISK.
              1   MAR03 CBT SOYBNS      P  560   .01 1/4                  62.50
          *    1*  COMM/FEE                7.33- PREM

 

Below are the positons we sold and got to keep all the premium, here they are expiring on 2-21-03.

- - - -BUY SELL - - - - - - C O N F I R M A T I O N - - - - - - - - - - - - - -
OPTIONS EXPIRATIONS.
12/31         2   MAR03 CBT SOYBNS X    C  580   09
          *    2*  COMM/FEE                1.10- PREM                     00 *
                   EXP  2/21/03  LST TRD  2/21/03
1/13         2   MAR03 CBT SOYBNS X    P  540   07
          *    2*  COMM/FEE                1.10- PREM                     00 *
                   EXP  2/21/03  LST TRD  2/21/03
             EXCHANGE                   2.20-*
         TOTAL COMM/FEE                 2.20-    PREM                         *
 

So as you can see we sold out of both our longs for a total of $762.50 plus we had a credit of 4 cents ($200) when we put the trade on, so this trade made $962.50 less the trade costs which here is for 6 trades for one spd.

 

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. 
THE RISK OF LOSS DOES EXIST.