每日持仓位 - June 12, 2007

Today’s Transaction:

Write Off CAL June 07 40 Call as it is essentially worthless.

Bought more MS shares at $88.80.
Reason: Brokerage earnings should continue to be strong given the strong M&A environment; in addition, MS should benefit from its spin-off of Discovery credit card business which is scheduled to happen in the next few months.

Today’s Return: -0.30%
Return since inception(June 05, 2007): 2.46%
S&P 500 Return since June 05, 2007: -3.00%
Leverage: 1.84

My positions:

Long:
GRMN Oct 07 40 Call
GRMN Jan 08 50 Call
PG
DWA
MS July 60 Call
FCX
CROX Jan 08 40 Call
UTSI Jan 09 10 Call
WMT Dec 07 40 Call
MS

Short:
XHB Dec 07 40 Put
UPL Sep 07 80 Put
XLU Sep 07 47 Put