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XAU spread FILLED - CHK goes on WATCH LIST

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XAU spread filled

XAU
SELL XAV-NF XAU FEB $130.00 PUT CREDIT= $1.25
BUY XAV-NE XAU FEB $125.00 PUT DEBIT $0.75
NET CREDIT = $0.50
INITIAL "NET- CREDIT TARGET= $0.50 or $50.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.50 = $500.00

This brings our total February positions to eight (8) spreads.

In addition We still have 3 OPEN - GTC orders pending as noted below.
We will inform you of any changes of these OPEN orders


REMAINING OPEN POSITIONS - GTC


SOX
RMBS
QLGC

WATCH LIST

CHK goes on WATCH LIST

Recent performance of CHK has dropped the price slightly above the $32
watch list price. This drop has caused us to place CHK on our watch list.
We still believe in higher energy prices as the middle east tension will
not just go away over night Hamas election and Iran will raise its heads some
where down the line. Any boycott against Iran will try energy prices higher.

CHK remains a good play, we will however need to watch its performance in case of any further dropping of energy prices.

Stock will remain on watch list until it closes over $32 again. if stock drops and closes under $30 will will be looking to exit the position.

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