Amazing Amazon… Not!

start WP import block

The LEAPS Trader
105 W. Monument Street
Baltimore, MD 21201

Wednesday, October 25, 2006

Email – #344

** Amazing Amazon… Not!
 
 
Buy the Amazon (Nasdaq: AMZN) January 2008 $30 PUT LEAPS (WEW-MF) with a $2.30 limit. The current price is $2.15. Details to follow.


Current Portfolio:

Company / Symbol:  Nordstrom (NYSE: JWN)
Option / Symbol: Jan. 08 $40 put (YJY MH)
Date Purchased: 9/26/06
Current Price:  $2.65
Comment:  Hold.

Company / Symbol:  Equity Office Properties (NYSE: EOP)
Option / Symbol: Jan. 09 $30 put (OLH MF)
Date Purchased: 6/22/06
Current Price:  $0.95
Comment:  Hold.

Company / Symbol:  Microsoft (Nasdaq: MSFT)
Option / Symbol: Jan. 08 $30 call (WMF AF)
Date Purchased: 8/8/05
Current Price:  $2.00
Comment:  Hold.

Company / Symbol:  S&P 500 MITT (AMEX: MCP)
Date Purchased:  7/18/03
Current Price:  $12.21
Comment:  Hold.

Company / Symbol: Chesapeake Energy (NYSE: CHK)
Option / Symbol: Jan. 08 $35 call (WZY AG)
Date Purchased: 4/25/06
Current Price:  $3.00
Comment:  Hold.

Bull & Bear Spreads

Company / Symbol:  AMD Micro Devices (NYSE: AMD)
Option / Symbol: January 2009 $35 call (VVV AG)
Date Purchased: 6/21/06
Current Price:  $2.35
Comment:  Hold.

Company / Symbol:  AMD Micro Devices (NYSE: AMD)
Option / Symbol: January 2009 $45 call (VVV AI)
Date Purchased: 6/21/06
Current Price:  $1.40
Comment:  Hold. Sold call against January 09 $35 call position.

Company / Symbol:  CBOE Volatility Index (WCB: ^VIX)
Option / Symbol: Feb. 07 $15.00 call (VIX BC)
Date Purchased: 5/3/06
Current Price:  $1.90
Comment:  Hold.

Company / Symbol:  CBOE Volatility Index (WCB: ^VIX)
Option / Symbol: Feb. 07 $17.50 call (VIX BW)
Date Purchased: 6/14/06
Current Price:  $1.20
Comment:  Hold. Sold call against Feb. 07 $15 position.

Company / Symbol: GoldCorp (NYSE: GG)
Option / Symbol: Jan. 09 $30 call (OPJ AF)
Date Purchased: 6/9/06
Current Price:  $4.90
Comment:  Hold.

Company / Symbol: GoldCorp (NYSE: GG)
Option / Symbol: Jan. 09 $40 call (OPJ AH)
Date Purchased: 6/9/06
Current Price:  $2.60
Comment:  Hold. Sold call against January 09 $30 position.

Company / Symbol: Teva Pharmaceutical (Nasdaq: TEVA)
Option / Symbol: Jan. 08 $40 call (WTX AH)
Date Purchased: 5/23/06
Current Price:  $2.35
Comment:  Hold.

Company / Symbol: Teva Pharmaceutical (Nasdaq: TEVA)
Option / Symbol: Jan. 08 $45 call (WTX AI)
Date Purchased: 5/23/06
Current Price:  $1.20
Comment:  Hold. Sold call against January 08 $40 position.

Company / Symbol: Energy Select Sector SPDR (AMEX: XLE)
Option / Symbol: Jan. 07 $39 put (ORJ MM)
Date Purchased: 3/1/05
Current Price:  $0.15
Comment:  Hold.

Company / Symbol: Energy Select Sector SPDR (AMEX: XLE)
Option / Symbol: Sell Jan. 07 $37 put (ORJ MK)
Date Sold: 3/30/05
Current Price:  $0.25
Comment:  Hold. Sold put against January 07 $39 position.

end WP import block

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