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Energy Play Updates
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VLO $34.18 -$1.69 - Valero *** Stopped ***

The Tuesday dip hit $28.93 and triggered our $29 stop loss by 7 cents. There is no justice in the world this week.

Breakdown trigger: $32, hit 9/09

Position: 2010 $40 LEAP Call YPY-AH @ $4.50, exit $3.60 9/16

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USO $82.63 +1.14 - US Oil Fund *** Stopped ***

The USO dropped -$8 from Friday's close to Tuesday's low then recovered to close up for the week. Our stop at $78.50 was hit on Monday.

Breakdown trigger: $82, hit 9/10

Position: JAN $90 Call UNA-AL @ $5.30, exit $3.50 9/15

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HP $52.66 +4.69 - Helmerich & Payne *** Stopped ***

HP tagged our $42 stop on Tuesday and then rebounded +10 before the week was over.

Breakdown trigger: $52, hit 9/02

Position: 2010 $60 LEAP Call LQB-AL @ $9.10, exit 6.70 9/16

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PCP $88.40 -14.65 - Precision Cast Parts *** Stopped ***

PCP was the only real loser for the week. The other stops were hit on the market dip and then rebounded. PCP was crushed and the rebound was sold on no news.

Breakout trigger: $105, Hit 9/02

Position:
Jan 2010 $120 LEAP Call YAM-AD @ $14.90, exit 12.40 9/16

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HES $94.78 +2.50 - Hess Corp *** Stopped ***

Hess was another market victim falling to $71 on Tuesday only to rebound to close over $94 on Friday. A $23 rebound after we were stopped.

Breakdown trigger: $95, hit 9/03, net debit $4.40

Long 2010 $100 LEAP Call WHS-AT @ $20.70, exit 10.70 9/16
Short 2010 $90 LEAP Put WHS-MR @ $16.30, exit 23.80 9/16

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FTI $52.77 +2.59 - FMC Technologies *** Stopped ***

Another Tuesday dip causality and a $10 rebound from the week's lows.

Entry $48.88 9/07

Position: APR $55 Call FTI-DK @ $5.60, exit 3.90 9/16


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Non-Energy Positions
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XHB $22.37 +1.11 - S&P Homebuilder SPDR *** Stopped ***

Too much volatility in the financials. Stopped on Thursday.

Entered: $21.80 (9/08)

Position: 2010 $25 LEAP Call KHG-AY @ $3.70, exit $2.39 9/18

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GS $119.80 -24.41 - Goldman Sachs - *** Stopped ***

Goldman had a $68 range for the week. Our stop at $148 took us out when the volatility began but Goldman fell all the way to $86 before rebounding back over $140. No way to invest in this kind of volatility.

Entered at open: $171 9/08, net credit entry 0.55

Long 2010 $200 LEAP Call WSD-AT @ 21.45, exit 13.85
Shrt 2010 $150 LEAP Put WSD-MG @ 22.00, exit 32.00
 

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