Investment Fund Series A Update for end Tue 28-Oct-08

STO (SELL To OPEN) some trades today to capitalize on the high Implied Volatility level of 220%.
SELL to Open another 10x on MS-Nov-7.5-PUT at $1.25.
SELL to Open another 10x on MS-Nov-5.0-PUT at $0.55.

Fairly volatile market today. Market open with Dow going higher. But MS and C both going down but reversed back up above opening price at closing.
At 10:27am EST, MS dropped all the way to $10.86 with fairly high volume by institutional sellers. Volatility increased to 220%. No major significant negative news on MS. Still believe that the price will stabilize or rise above $12.50 or $15.00 over the next 21 days.

At 10:49am EST total positions Unrealized PnL went down to -$3,635 (not includig profit of +$2,036 on MS-PUT-Nov-5.00).
Setup far away auto stop-losses guard and went to bed.




Stop loss did not get trigger. At market close 4:00pm EST, MS gone back up to $15.20. Unrealized PnL went back to positive at +$915 (not including profit of +$2,536 on MS-PUT-Nov-5.00).
Target profit by expiry 21-Nov is 1650+1100+2450+3150 = $8,350.