Wednesday, November 5, 2008

Investment Fund Series A Update for Wed 5-Nov-08

No trades over the past few days. Profit plan for this month likely will be achieved.
At 9:55am EST, MS is at $19.09. Volatility continue to drop to 112%.
Option positions unrealized PnL is +$7,351.
Will be attending personal training from 9am to 9pm this Fri to Sun. And traveling on business trip the whole of next week. Will just put in a far-out stop lost guard for next two weeks.
For the closest option position (strike 12.50) to lose money MS has to drop from $19.09 to $10.85 (i.e. 44%) or lower over the next 16 days till 21-Nov. Probability of keeping the full targeted profit of $8,350 is still high.

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