The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Monday, February 26, 2007
Email – #252
Dear Subscribers,
All you have to do is look at today’s headline on Yahoo Finance, and it’s clear, stocks could be in trouble.
It reads: Greenspan Warns of Likely U.S. Recession
We’re currently up over 200% in our Boston Properties (NYSE: BXP) March $130 puts (BXP-OF), but we’re not going to sell yet.
The current sell off could be just the beginning, and a landslide could ensue. And, this will also bode well for our Simon Property Group, Tyson Chicken and Dow Diamond puts as well, as long as aiding our most recent position, calls in Goldcorp (NYSE: GG).
However, should BXP make a significant extended move in the next few days, we will likely close half of the position.
I will be in touch very, very soon!
Exit is everything,
Mark Whistler
Current Portfoli
Goldcorp (NYSE: GG)
July $25 calls (GG-GE)
Purchased: 2/22/2007
Current Price: $5.00
Boston Properties (NYSE:BXP)
March 07 $130 puts BXP-OF
Purchased: 2/08/2007
Current Price: $9.90
Simon Property Group (NYSE: SPG)
March 07 $110 puts SPG-OB
Purchased: 1/29/2007
Current Price: $1.05
Tyson Foods (NYSE:TSN)
Apr 07 $17.50 puts TSN-PW
Purchased: 12/18/2006
Current Price: $0.30
Diamonds (AMEX: DIA)
Mar 07 $126 puts DAW-OV
Purchased: 1/18/2007
Current Price: $1.00
