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Today’s Transactions:
Opened a position in ACH Feb 08 80 Put at $28.60 Stop-loss if the stock is closed above $60
Reason: most basic materials have seen their prices weakened quite a bit recently and Aluminium is no exception. The drop in copper price will add further pressure to this commodity and unlike copper, the inventory for Aluminium is plenty.
Today’s Return: 1.31%
Return since inception(June 05, 2007): 128.36%
S&P 500 Return since June 05, 2007: -7.21%
My positions:
PG
UTSI Jan 09 10 Call
GOOG Dec 07 400 Call
SOHU
GOOG Mar 08 500 Call
WB
CX Jan 08 40 put
ITRI Jan 08 100 put
UPL Jan 08 80 put
PCU Jan 08 155 put
ACH Feb 08 80 put
Short SOHU 08 50 Call
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