7-24-07 sell off
Notes on maintanence margin observation:
1. spx -2.1%; Vix 19.08 up 13.5%
Aug19call(-50),1.3-1.35, 1.25
Aug20call (-30), 1.0-1.05, 1.0
RegTM 29696
CM 31490
CEL(Fund) 5142 (16.3%)
2. spx -1.91%, vix=18.83, up 12%
aug19call(-50), 1.15-1.35, 1.20
aug20call(-30),0.95-1.1, 1.05
RegTM 28200
CM 30057
CEL（Fund） 6583 (21.9%)
3. at close
spx 1514 -1.74%; vix 18.55 up 10.35%
aug19call(-50), 1.20
aug20call(-30), 1
RegTM 26302
CIM 29075
CEL 7568 (26%)
at noon I was tempted to sell 20 more aug calls
fortunately, I reminded myself the rule and plan,and didn't do it.
otherwise, I would get margin call when vix marched higher.
and I would be inforced to buy some back at loss!
So, always stick to the rule and watch the
excess liquidity level.
1 comment:
SWC down another 8.25% today. In the past three days it dropped a total of 20%. SWC is the only palladium and platinum producer in the US. Palladium and platinum are very important precious metals that see price trippled in the past three years. This is a stock with extremely bullish fundamentals and this may well be the CAPITULATION event where you get an excellent entry point. See my analysis of the SWC fundamentals.
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