Magic Wednesday

Watchlist additions and filtered trade candidates
NILE - Blue Nile (specility retailer).
TTC-A: (nil)
GAPHV: WCG, CHE

Trade session notes
Nikkei...17748.12...+91.28...+0.5%.
Hang Seng...20844.78...+138.43...+0.7%.
FTSE...6560.10...+9.70...+0.2%.
DAX...7459.62...+17.42...+0.2%.

CBOE VIX

13.21

0.06

11:09:22 AM ET Shaved in some profit on the IBM Calls by selling half of the contracts @ $3.3.
11:13:50 AM ET Made a trailing stop order for the other 2 IBM Call contracts at 0.1 points default down from $3.3.

Open positions at market close 8 May 2007

Plain vanillas

.MTIL

MT SEP 60 Call

$56.40

$2.95

($195.00)

.IBMGA

IBM JUL 105 Call

$103.29

$2.75

$160.00

.PAQHR

PCAR AUG 90 Call

$87.33

$4.3

$60.00

Advanced positions - Leftover legs

.UPUGR

CTSH JUL 90 Call

$80.30

$1.1

($450.00)

.SWFGI

SNDK JUL 45 Call

$44.39

$2.3

($90.00)

.SWQSV

SNDK JUL 42.5 Put

$1.4

($180.00)