DATE: AUGUST 8-14-06
AUGUST WATCH LIST
THE OPTION WRITER
WATCH LIST COMMENTARY:
WATCH LIST: TEN & CAL come above the STRIKE PRICE and slightly out of the money. AMR recovers some, but still remains below the strike price
BOOM - drops again below our WATCH LIST price of $31.50 with close at $30.34
AMAG - up slightly barely misses closes above our WATCH LIST price of $31.50 with close at $31.46
CAL - Easing oil prices and the middle cease fire helps CAL get above our short put price, eventhough it remains under our WATCH LIST of $25.00. Let's hope for the oil prices to stable just a few more days
AMR - closes up to $19.26,added by the middle ease and probably more by sliding oil prices. Still helping for a stand at least in the mid $19 area. Of course the stock still is on the WATCH LIST, and with oil prices the wild card, it is going to seem like a long trek until the Friday expiration.
TEN - bounces today closing at $22.63, still on our WATCH LIST, but at least staying above our strike price.
GM- conitnues its descent to $30.20 which is below $31.50 WATCH LIST Price
and remains on the list. Analyst seem to be favoring Ford (F) a little more at this time.
CURRENT ISSUES on WATCH LIST: 8-14-06