BRIEF SUMMATION OF CURRENT OPEN POSITION PREMIUMS with 9 DAYS to EXPIRATION
Nine (9) March positions currently open
6 of the 9 positions ( AXP, IWM, MSTR, LFC, FNM, EBAY ) have an asking price of $0.10 or less to close.
The other 3 positions ( ALL, KLAC, ERTS ) are down to around $0.25 - $0.30, not quite as cheap but with only 9 trading days left to the MARCH expiration these issues should face premium erosion if we maintain our current market action, currently these issues are not even on the WATCH list, which is however always subject to change daily.
In addition, our DJX position is over 1300 dow points out of the money.
This is just a reminder to give you an overviewof where your positions are currently. This reminder also gives you the option, if your desire to lower your stops to be sure you lock in a profit from each of your positions or even consider closing out any issue or issues you may desire to, however that is strictly a suggestion of something to think about as each subcriber has a different philosphy on how to handle there positions based on their individuality. We are currently planning to hold all nine (9) of the current positions unless some action is needed during the next 9 trading days
Below are the current pricings of the short and long positions based on the close Friday, March 7, 2008.