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The
Daily Strategist - Example
 |
DAILY
RECOMMENDATIONS
Please click the PDF Download link to view the an actual version
of a recent Daily Strategist Report.
McMillan Oscillator: -7.56
SPECULATIVE
TRADING:
|
Momentum
Trades
 
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Many
of today’s momentum BUY signals are in the Utility sector,
hence we find it would be most effective to simply buy the
entire Utility Index:
M9:
B 2 PHLX Utility Index ($UTY) June 300 calls (UTY
FT) @ 8.5 or lower. |
$UTY:
299.55
Options expire 6/16/2000
Stock
purchase candidates:
|
Stock/Future/Index |
Symbol |
Buy
Stop |
ADX |
Stop
Loss
|
|
PHLX
Utility Index |
$UTY |
299.45 |
40 |
291.10 |
|
Duke
Energy Corp |
DUI |
59.75 |
42 |
58.25 |
|
Eastern
Enterprises |
EFU |
62.125 |
47 |
61.25 |
|
Keyspan
Corp |
KSE |
30.875 |
42 |
29.25 |
M3:
May expiration is approaching, so we would like to take some
partial profits in Network Peripherals (NPIX) as well
as continue to benefit from any decline in the stock, hence:
Sell ALL of the Network Peripherals (NPIX) May
30 puts (XMQ QF) and Buy 2 Network Periperals June
22.5 (XMQ RX) puts in their place.
Put
Call Ratio Signals
There
were no interesting Put-Call Ratio Buy or Sell
signals today.
Risk
Arbitrage
H1:
We continue to favor the purchase of 300 Lycos (LCOS)
shares if you have not done so already.
Summary
of Current Positions
|
STRATEGY |
POSITION |
Init
Prc |
Cur
Prc |
$
P&L* |
COMMENT** |
|
VOLATILITY
TRADING |
|
|
|
|
|
|
Straddles |
V1:
L 2 CLEC/QFU Oct 25 Straddles |
9.50 |
9.88 |
+261 |
Hold;
Sold one-third |
| |
V2:
L 5 AVI Sept 20 Straddles |
5.25 |
4.38 |
(486) |
Hold |
| |
V3:
L 2 SLOT/QLT Oct 35 Calls |
9.25 |
12.875 |
+1288 |
Hold |
| |
V4:
L 12 CFWY/XQF Oct 7.5 Straddles |
2.00 |
2.25 |
+108 |
Hold |
| |
V5:
L 5 MRA Nov 15 Straddles |
4.25 |
3.32 |
(549) |
Hold |
| |
V6:
L 9 RTI Sept. 10 Straddles
|
2.875 |
2.76 |
(200) |
OK
to buy |
| |
V7:
L 3 UBB October 25 Straddles |
7.375 |
6.88 |
(198) |
OK
to buy |
| |
V8:
L 2 NOK /NZY October 55 Straddles |
16.875 |
16.50 |
(82) |
OK
to buy |
| |
V9:
L 6 NTAI/ QNA Sept. 17.5 Straddles |
4.50 |
4.06 |
(359) |
OK
to buy |
| |
V10:
L 5 GVA September 27.5 Straddles |
5.375 |
5.00 |
(205) |
OK
to buy |
| |
V11:
L 2 March (‘01) 85 O. J. Straddles |
16.00 |
16.85 |
+195 |
OK
to buy |
| |
V12:
L 9 HIB October 12.5 Straddles |
2.75 |
2.82 |
(88) |
OK
to buy |
|
SPECULATIVE
TRADING |
|
|
|
|
|
|
Risk
Arbitrage |
H1:
L 300 LCOS |
64.
00 |
57.625 |
(1937) |
OK
to buy |
|
Momentum |
M3:
L 3 NPIX/XMQ May 30 puts |
5.75 |
7.875 |
+613 |
Adjust |
|
Put-Call
Ratio |
M6:
L 2 KANA/URW June 45 puts |
7.50 |
6.875 |
+118 |
Hold;
stop: 48 |
| |
M7:
L 6 EQR June 45 calls |
1.70 |
1.44 |
(161) |
Hold |
| |
M8:
L 2 LSI June 50 puts |
5.00 |
4.25 |
(166) |
Hold |
|
Put-Call
Ratio |
PC1:
L 1 June Bond (US) 94 Put |
1.00 |
0.33 |
+3189 |
Hold;
stop 95.5 |
| |
PC2:
L 3 Merck (MRK) July 70 calls 5.75 4.625 (362)
|
|
|
|
Hold |
| |
PC3:
L 3 WCOM /LDQ May 40 puts |
2.375 |
0.125 |
(699) |
Hold |
| |
PC4:
L 3 LU June 60 calls |
6.50 |
3.125 |
(1112) |
Hold |
| |
PC5:
L 2 CSCO/CWY June 65 calls |
8.50 |
1.81 |
(1354) |
Hold |
| |
PC7:
L 2 AMZN/YZZ June 50 calls |
9.00 |
13.50 |
+884 |
Hold |
| |
PC8:
L 3 IBM June 115 calls |
6.00 |
2.125 |
(1187) |
Hold |
| |
PC9:
L 2 $JPN June 190 calls |
8.00 |
1.94 |
(1229) |
Hold |
| |
PC10:
L 2 AXP June 150 calls |
3.53 |
3.50 |
(16) |
Hold |
| |
PC11:
L 3 MU June 55 puts |
5.75 |
2.50 |
(999) |
Hold |
|
Speculative |
Spec
1: L 2 OEX QD, S 2 OEZ QM and L
1 OEX EB
|
|
|
(47)
|
Closed |
| |
S2:
L 2 OEZ FR, L 2 OEZ RD and S 2 OEZRL |
12DB
|
11DB |
(73) |
OK
to establish |
*INCLUDES
ALL ADJUSTMENTS TO DATE; COMMISSIONS ARE $15 PER SIDE FOR
FUTURES; $8 PER SIDE FOR STOCK AND INDEX OPTIONS
**
ALL STOPS ARE MENTAL STOPS UNLESS OTHERWISE NOTED
Recent
Positions Established
H1: We bought the Lycos (LCOS) long stock
position as recommended.
M8:
We bought the LSI Logic (LSI) June 50 puts (LSI RJ)
as recommended.
Spec
1: We closed the $OEX credit spread as
instructed.
S2:
We established the $OEX debit spread as recommended.
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