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Today\'s Transaction:
Closed position in LCC at $30.30 as it breached the stop loss of $32
Bought WMT Dec07 40 Call at 11.1 stop when it is closed below $47 Reason: WMT has been in a very narrow trading range for more than 5 years. With reasonable valuation and recently announced big buyback, the stock might have a chance to break the band. Will add more if it breaks the 52-week high.
Today’s Return: -1.57% Return since inception(June 05, 2007): -2.04% S&P 500 Return since June 05, 2007: -3.15% Leverage: 1.92
My positions:
Long: CAL June 07 40 Call GRMN Oct 07 40 Call GRMN Jan 08 50 Call PG DWA MS July 60 Call FCX CROX Jan 08 40 Call UTSI Jan 09 10 Call WMT Dec07 40 Call
Short: XHB Dec 07 40 Put UPL Sep 07 80 Put XLU Sep 07 47 Put
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