Papermoney - Disclaimer

• Topline Summary (For Educational Purposes Only) Not a Real $$$ Account - All trades simulated
• Opened May 16 2006
• Starting Cash Balance: $100,000
• Current Cash Balance: $167,345.30

Current Positions

None

Closed Positions

4/16/2008

• With the DIA(76.06 +0.00) at ~124.3
• Sold 100 DIA May 2008 133/135 112/110 Iron Condors @ $0.23
  • Credit $2,300
  • Commissions $(609.95)
  • Margin Hold $20,00

3/27/2008

• With the SPY(75.45 +0.00) at ~133.15
• Sold 50 SPY April 2008 143/145 123/121 Iron Condors @ $0.28
  • Credit $1,400
  • Commissions $(309.95)
  • Margin Hold $10,000
• With the DIA(76.06 +0.00) at ~123
• Sold 100 DIA April 2008 132/134 112/110 Iron Condors @ $0.18
  • Credit $1,800
  • Commissions $(609.95)
  • Margin Hold $20,00

1/23/2008

• With the SPY(75.45 +0.00) at ~127.15
• Sold 200 Vertical SPY Feb 2008 122/121 Put @ $0.28
  • Credit $5,600
  • Commissions $(609.95)
  • Margin Hold $20,000
• With the QQQQ(25.56 +0.00) at ~42.5
• Sold 200 Vertical QQQQ Feb 08 40/39 Put @ $0.18
  • Credit $3,600
  • Commissions $(609.95)
  • Margin Hold $20,000
• With the DIA(76.06 +0.00) at ~117.20
• Sold 200 Vertical DIA Feb 08 111/110 Put @ $0.22
  • Credit $4,400
  • Commissions $(609.95)
  • Margin Hold $20,000
• With the IWM(38.53 +0.00) at ~65
• Sold 200 Vertical IWM Feb 08 61/60 Put @ $0.21
  • Credit $4,200
  • Commissions $(609.95)
  • Margin Hold $20,000
• With the VIX(80.86 +0.00) at ~32
• Sold 100 Vertical VIX Feb4 08 32.5/35 Call @ $0.67
  • Credit $6,700
  • Commissions $(309.95)
  • Margin Hold $25,000

1/17/2008

• With the at RUT ~750
• Sold 75 Jan 2008 RUT 670/660 Bull Put Spreads @ $0.69
  • $5,175.00 Credit
  • ($234.95) Commissions
  • Total Credit: $4,940.05
• Closed @ $0.15 Debit
  • $($1,125.00) Debit
  • ($234.95) Commissions
• Final Credit $3,580.10

10/3/2007

• Sold 100 RUT Iron Condor October 2007 880/890/720/710 @ $0.61
  • Credit: $6,100
  • Commissions: ($609.95)
  • Total Credit: $5,490.05
  • Expired worthless

9/10/2007

• Sold 50 RUT Vertical September 2007 850/860 Call @ $0.32
  • Credit: $1,600
  • Commissions: ($159.95)
  • Total Credit: $1,440.05
  • Expired worthless

7/30/2007

• Sold 50 RUT Vertical September 2007 680/670 Put @ $1.20
  • Credit: $6,000
  • Commissions: ($159.95)
  • Total Credit: $5,840.05
  • Expired worthless

• Sold 30 SPX Vertical August 2007 1330/1320 Put @ $1.20
  • Credit: $3,600
  • Commissions: ($99.95)
  • Total Credit: $3,500.05
  • Expired worthless

7/24/2007

• Sold 50 RUT Vertical September 2007 700/690 Call @ $0.75
  • Credit: $3,750
  • Commissions: ($159.95)
  • Total Credit: $3,590.05
  • Expired worthless

6/26/2007

• Sold 25 RUT Iron Condor July 2007 680/670 Put @ $0.99
  • Credit: $2,475
  • Commissions: ($169.90)
  • Total Credit: $2,305.10
  • Expired worthless

• Sold 25 SPX Iron Condor July 2007 1330/1320 Put @ $0.97
  • Credit: $2,425
  • Commissions: ($169.90)
  • Total Credit: $2,255.10
  • Expired worthless

Unfortunately, I can’t recover the trade details for the last six months of 2006.
6/14/2006

• Bought 25 2/2/1/1 RUT June Iron Condor 740/750 680/660 @ $9.03
  • Cost ($22,575.00)
  • Commissions ($234.95)

6/13/2006

• Bought MSH 470/480 Put Vertical
  • Debit $5.70
  • Almost 20% of trading capital
  • MSH(629.30 +0.53) was trading at about 474 when I sold. Had I held on and the market didn’t move, the cost would have been upwards of $6.00. We will see on Friday how smart of a move it was.

• Bought RUT 680/670 Put Vertical
  • Debit $3.90
  • Another big hit to the trading capital!
  • The RUT broke the 680 level (that just floors me…) and I made a hard choice to walk. If I’m wrong, I lost a lot of money for nothing. If I’m right, I saved a lot more money

6/8/2006

• Bought 25 MSH June 540/550 Call Verticals @ $-0.10
  • Credit $250, Commissions ($84.95)
  • I tried to buy this for $0.05, but I got the fill for $-0.10. Sometimes you will get a great fill like this, but its not all that typical.

• Sold 25 RUT June 670/660 Put Verticals @ $0.77
  • Credit $1,925
  • Commissions ($84.95)

• Bought 25 RUT June 830/840 Call Verticals @ $0.05
  • Cost ($125)
  • Commissions ($84.95)

• Sold 50 RUT June 740/750 Call Verticals @ $0.42
  • Credit $2,100
  • Commissions ($159.95)

6/7/2006

• Sold 25 June 2006 RUT 680/670 Put Vertical @ 0.97 Credit
  • Credit $2,425
  • Commission: ($84.95)

6/6/2006

• Bought 25 RUT June 700/690 Put Vertical @ $3.30 Debit
  • Cost ($8,250)
  • Commissions ($84.95)
  • Total Cost ($8,334.95)

6/2/2006

• Sold 25 RUT June 700/690/670/660 Put Vertical Rolls
  • Sold for $0.64 Credit
  • Credit: $1,600
  • Commissions: ($159.95)

• Sold 25 MSH July/June 460/450/460/450 Put Vertical Rolls
  • Sold for $0.51 Credit
  • Credit: $1,275, Commissions: ($159.95)

5/26/2006

• Sold 25 Vertical Roll SPX July 2006/June 2006 1200/1190 1200/1190 Puts @ $0.42 Credit
  • Credit $1,050, Commission: ($159.95)
• Sold 25 Vertical Roll SPX July 2006/June 2006 1350/1360 1350/1360 Calls @ $0.75 Credit
  • Credit $1,875, Commission: ($159.95)
  • Final Position is a July 2006 SPX Iron Condor 1350/1360 1200/1190 @ $1.17 Credit

5/18/2006

• Bot back 20 May SPX 1320/1330 1260/1250 Iron Condors
  • Purchased for $0.48 Debit
  • Cost: ($960.00)
  • Commissions: ($129.95)
  • Position Summary
  • Position $1,020
  • Commissions ($259.90)
  • Total $761.1
  • ROI: 3.8% in 5 days

• Sold 25 June 2006 SPX 1350/1360 1200/1190 Iron Condor @ 1.10 Credit
  • Credit $2,750, Commission: ($159.95)
  • Margin $25,000
  • Rolled out on 5/26/2006

• Sold 25 June 2006 MSH 540/550 460/450 Iron Condor @ 1.09 Credit
  • Credit $2,720
  • Commission: ($159.95)

5/17/2006

• Bot back 25 May RUT 770/780 720/710 Iron Condors
  • Purchased for $2.18 Debit
  • Cost: ($5,450)
  • Commissions: ($159.95)
  • Position Summary
  • Position ($1,275)
  • Commissions ($319.90)
  • Total ($1,594.90)

• Sold 25 RUT June 2006 830/840 670/660 Iron Condor @ .95 Credit
  • Credit $2,375
  • Commission: ($159.95)

5/12/2006

• Sold 30 GOOG May 2006 410/420 350/340 Iron Condor @ 1.06 Credit
  • Credit $3,180
  • Commission: ($189.95)
  • Expired Worthless

• Sold 20 SPX May 2006 1320/1310 1260/1250 Iron Condor @.99 Credit
  • Credit $1,980
  • Commission: ($129.95)
  • Bought back 5/18/2006

• Sold 25 RUT May 2006 770/780 720/710 Iron Condor @1.67 Credit
  • Credit $4,175
  • Commission: ($159.95)
  • Bought back 5/17/2006