Position Update August 12th, 2008
| Ares Trading | |||||||
| August 2008 Open Positions Unrealized Profit/Loss | |||||||
| Total Invested: | $873 | ||||||
| Total Return: | $871 | ||||||
| Unrealized Profit: | ($2) | ||||||
| Unrealized Profit %: | -0.23% | ||||||
| Total Positions: | 5 | ||||||
| Average Days Held: | |||||||
| Date | Qty | Company | Contract | Strike | Expiration | Price | Cost Basis |
| 7/25/2008 | 1 | DBC | Call | 40 | August 08 | $1.50 | $150 |
| 7/29/2008 | 1 | DBC | Call | 40 | August 08 | $0.05 | $5 |
| Days | Open | Profit % | -96.67% | Profit | ($145) | ||
| 7/25/2008 | 1 | DIA | Put | 113 | August 08 | $2.04 | $204 |
| 7/29/2008 | 1 | DIA | Put | 113 | August 08 | $2.98 | $298 |
| Days | 4 | Profit % | 46.08% | Profit | $94 | ||
| 7/25/2008 | 5 | F | Put | 45 | August 08 | $0.34 | $170 |
| 7/29/2008 | 5 | F | Put | 45 | August 08 | $0.45 | $225 |
| Days | 4 | Profit % | 32.35% | Profit | $55 | ||
| 7/25/2008 | 1 | QQQQ | Call | 44 | August 08 | $1.72 | $172 |
| 7/29/2008 | 1 | QQQQ | Call | 44 | August 08 | $1.88 | $188 |
| Days | 4 | Profit % | 9.30% | Profit | $16 | ||
| 7/25/2008 | 1 | XLF | Call | 20 | August 08 | $1.77 | $177 |
| 7/29/2008 | 1 | XLF | Call | 20 | August 08 | $1.55 | $155 |
| Days | 4 | Profit % | -12.43% | Profit | ($22) | ||
Unfortunately, the DBC Commodity has tanked and the calls have lost nearly all their value. This has been caused by the dropping oil and natural gas prices, who knew a correction was due? Actually, Ares Trading had heard some speculation of a commodities correction but didn’t consider it valid. The good news is the overall monthly positions are close to even at -0.23%. There is about a week and a half on the DBC calls, hopefully they will regain some of their value. This wouldn’t be too surprising especially with Russia’s assault against Georgia, which will cause oil supply issues due to pipeline problems.
New positions will be initiated after expiration Friday on August 22nd.
