7-26-07 bloody sell off

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.

ER on Wed
algn,ati,cop,glw,exc,fcx
algn 0.11 -0.04 BMO
ATI 1.94 1.37 BMO
COP 2.66 2.87 BMO
GLW 0.32 0.26 BMO
EXC 1.02 0.85 BMO
FCX 2.71 1.70 BMO

akam,bud,ba,dade,genz,wfr,qcom
AKAM 0.30 0.20 12:00 PM
BUD 0.87 0.81 12:00 PM
BA 1.16 -0.21 12:00 PM
DADE0.47 0.43 12:00 PM
GENZ 0.81 0.68 12:00 PM
WFR 0.76 0.45 12:00 PM
QCOM 0.52 0.42 12:00 PM

acl,amag,aapl,cns,esrx,fmc,osg,phm,str
ACL 1.44 1.18 AMC
AMAG -0.60 -0.57 AMC
AAPL 0.72 0.54 AMC
CNS 0.42 0.28 AMC
ESRX 0.54 0.38 AMC
FMC 1.73 1.47 AMC
OSG 1.65 1.59 AMC
PHM -0.98 0.94 AMC
STR 0.60 0.52 AMC

ER watch for Tue.7/24/07

aks,bxp,bni,cme,cfc,cpo,dd,emc,esv,jec,mcd,edu,pcp
AKS 0.7 0.27 BMO
BXP 1.14 1.10 AMC
BNI 1.22 1.23 BMO
CME 3.67 3.12 BMO
CFC 0.95 1.15 BMO
CPO 0.57 0.40 BMO
DD 1.06 1.01 BMO
EMC 0.15 0.12 BMO
ESV 1.65 1.27 BMO
JEC 0.57 0.42 BMO
MCD 0.71 0.67 BMO
EDU 0.01 n/a BMO
PEP 0.89 0.81 BMO


amzn,av,bjs,lmt,pcp,uaua,x,usap
AMZN 0.15 0.05 12PM
AV 0.15 0.09 12PM
BJS 0.56 0.67 12PM
LMT 1.53 1.34 12PM
PCP 1.43 0.86 12PM
UAUA 1.39 1.09 12PM
X 2.35 3.10 12PM
USAP 0.87 0.69 12PM

dfg,hoku,ntri,stm,ups
DFG 0.80 0.71 AMC
HOKU -0.06 0.02 AMC
NTRI0.85 0.53 AMC
STM 0.15 0.18 5PM
UPS 1.03 0.97 7AM