The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Friday, July 20, 2007
Email – #280
Volatility Trader Alert
If you have not already closed your Digital Realty Trust (NYSE: DLR) July $40 puts (DLR-SH), do so now before today’s expiration. The last trade was at $3.50, a slight 12% gain from our entry.
In other news, today is a GREAT turnaround day for our Novatel Wireless (Nasdaq: NVTL) and Mosaic (NYSE: MOS). At last glance, Mosaic was down $1.27, while Novatel had fallen $2.65… an excellent sign for our put positions.
Finally, International Coal Group (NYSE: ICO) declined on poor earnings… however, we’re not going to close the calls just yet. I’m still expecting a dramatic rise in the price of Appalachian coal in August and September, as hurricane season hits. Upward movement in the underlying commodity could easily drive up the price coal mining stocks. As the old cliché goes, a rising tide lifts all boats.
Exit is everything,
Mark Whistler
Current Portfoli
Pulte Homes (NYSE: PHM)
Oct 2007 $22.50 calls PHM-JX
Purchased: 7/06/2007
Current Price: $1.50
Novatel Wireless (Nasdaq: NVTL)
Dec $22.50 puts NVU-XX
Purchased: 6/29/2007
Current Price: $1.50
Mosaic (NYSE: MOS)
Sep 07 $35 puts MOS-UG
Purchased: 6/14/2007
Current Price: $1.45
International Coal Group (NYSE: ICO)
Dec 07 $5 calls ICO-LA
Purchased: 5/21/2007
Current Price: $.60
Digital Realty Trust (NYSE:DLR)
July 07 $40 puts DLR-SH
Purchased: 3/14/2007
Current Price: Close your Position
If you have any questions, feel free to call one of our VIP Trading Services representatives at 888.570.9830 (toll-free) or e-mail: viptrader@oxfordclub.com , or contact Pillar One Advisors Ron McCoy, Gunn Allen at 800.720.6576 or Neil Fern, RMB Group at 800.831.3114.
Bi
Mark Whistler is a specialist in high-level trading techniques, and has worked as a licensed trader on various trading floors for over a decade. He is the editor of The Volatility Trader and is an Advisory Panelist for Xcelerated Profits Report through Mt. Vernon Research . Mark has written for The Motley Fool, Active Trader Magazine, BullMarket.com, OptionInvestor.com, and Working-Money online . His first book, Trading Pairs (published by John Wiley & Sons, Inc.), appeared on shelves in 2005. The work is a comprehensive guide to pairs trading and statistical arbitrage. His second book, Trade with Passion and Purpose , has been on shelves since February of 2007. Whistler also writes regularly for Investopedia.com, TraderDaily.com and TraderMonthy Magazine .
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