Option Investor
Newsletter

WATCH LIST 8-7-06

HAVING TROUBLE PRINTING?
Printer friendly version

AUG WATCH LIST - MONTHLY CASH MACHINE

8/7/2006

Stock goes on

WATCH

LIST

KBH

46.78

below >

41.50

^SOXX

408.53

below >

423.00

^SML

360.87

below >

370.00

LM

86.15

below >

102.00

IFIN

45.31

below >

43.50

ASEI

47.82

below >

53.00

ASEI

47.82

above>

48.00

SRZ

27.47

above>

28.00

BSC

143.57

below >

143.00

GPRO

52.61

below >

52.00

CAT

73.18

below >

72.00

MON

45.60

above>

44.00

@ We may have to roll out this position

MON

45.60

below >

41.00

to the SEPT 47.5/50 or 50/55

After hours shows stock up $over $0.75

to over $46. MON ( after-hours $46.38

SPECIAL WATCH FOR ADBE SPREAD HOLDERS

ADBE

31.79

above>

28.50

For those still holding this position, you can look for further premium decay

or you may roll out the entire position to a SEPT $35/40 call spread and hopefully

minimize the loss on paper and maybe get the rolled posisiton to expire in SEPT

Or hold the position and hope for an expiration less than $32.50 by next Friday

WATCH LIST: ASEI ( put spread )goes on WATCH LIST with close below $48.00 @ $47.82

SRZ - closes below $28.00 at $27.47 and drops off of the WATCH LIST.

IFIN finally, gives up some ground, probably due to restatement of $0.02 less in earnings

still holding our short position and looking for some pull back and premium erosion

IFIN is still in the money

MON - closes at $45.60, however after hours uptick to $46.38 merits attention

We will have to watch carefully. We might have to roll out this positon to

SEPT , maybe a 47/50 or 50/55 call spreads. WATCH CAREFULLY

Definitely our mos dangerous position.

THE WATCH LIST CONTAINS THE FOLLOWING ISSUES AS OF - August 7, 2006

IFIN

ASEI

MON

Monthly Cash Machine Newsletter Archives