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Today’s Transactions:
Bought FRO Aug 50 Put at $4.00 Stop-loss if the stock is closed above $48 Reason: US crude oil inventory(350 mb) is sitting at a 9-year high after last week\'s inventory increase. Admittedly, it is in part caused by refinery issues, which reduce the throughputs. But if the inventory stays at this level for a few weeks, it could add increasing pressure to already weakened tanker rates.
Today’s Return: 0.18% Return since inception(June 05, 2007): 14.29% S&P 500 Return since June 05, 2007: -0.93% Leverage: 1.44
My positions:
Long: GRMN Oct 07 40 Call GRMN Jan 08 50 Call PG CROX Jan 08 20 Call UTSI Jan 09 10 Call WMT Dec 07 40 Call MS MU
Short: XHB Dec 07 40 Put FRO Aug 07 50 Put
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