CCRT Puts Have Been Sold
Markets continued to sink lower in Friday’s trading session. The US Consumer Confidence data for June came in below expectations at 56.4 (56.5 expected). This shows a drop in Consumer Confidence from May, when the data was at 59.8.
CCRT was down 7% at one point, which is when the put positions were in the green. They have been sold for negligible profit. Ares Trading was able to avoid the 75% loss the position had incurred two weeks earlier, before the FDIC announced its plans to penalize CCRT for “deceptive marketing practices”. PRGS, ZMH, and SSL will all be closed out in the next 2 weeks.
Current Position Performance:
| Total Invested: | $1,336 | ||||||
| Total Return: | $1,682 | ||||||
| Unrealized Profit: | $346 | ||||||
| Unrealized Profit %: | 25.86% | ||||||
| Total Positions: | 6 | ||||||
| Average Days Held: | |||||||
| Date | Qty | Company | Contract | Strike | Expiration | Price | Cost Basis |
| 6/18/2008 | 5 | PIR | Put | 5 | July 08 | $0.15 | $75 |
| 6/20/2008 | 5 | PIR | Put | 5 | July 08 | $0.52 | $260 |
| Days | 2 | Profit % | 246.67% | Profit | $185 | ||
| 6/18/2008 | 2 | PRGS | Call | 30 | July 08 | $0.70 | $140 |
| Open | 2 | PRGS | Call | 30 | July 08 | $0.10 | $20 |
| Days | Profit % | -85.71% | Profit | ($120) | |||
| 6/18/2008 | 5 | SJM | Call | 45 | July 08 | $0.28 | $140 |
| 6/20/2008 | 5 | SJM | Call | 45 | July 08 | $1.27 | $635 |
| Days | 2 | Profit % | 353.57% | Profit | $495 | ||
| 6/18/2008 | 1 | ZMH | Call | 70 | Sep 08 | $4.50 | $450 |
| Open | 1 | ZMH | Call | 70 | Sep 08 | $2.78 | $278 |
| Days | Profit % | -38.33% | Profit | ($173) | |||
| 6/18/2008 | 1 | SSL | Call | 60 | July 08 | $2.30 | $230 |
| Open | 1 | SSL | Call | 60 | July 08 | $1.85 | $185 |
| Days | Profit % | -19.57% | Profit | ($45) | |||
| 4/10/2008 | 2 | CCRT | Put | 7.5 | July 08 | $1.51 | $301 |
| 6/27/2008 | 2 | CCRT | Put | 7.5 | July 08 | $1.52 | $304 |
| Days | 78 | Profit % | 1.00% | Profit | $3 | ||
