Safehaven | Update 2 - Re: Our Trades on the NASDAQ 100 Mini Index

June 29, 2008

Update 2 - Re: Our Trades on the NASDAQ 100 Mini Index
by Patrice Johnson

6/29/2008 2:40:51 AM

Greetings, J.E.D.I.,

Welcome to The J.E.D.I. Trader.

To learn more about my Stocks, Options & Options on Futures Trading Service, click here.

LONG TERM TREND SIGNAL: DOWN

INTERMEDIATE TERM TREND SIGNAL: DOWN

STOCK, OPTION, OR FUTURE UNDER ANALYSIS:

NASDAQ 100 MINI INDEX SEPTEMBER 2008 2100 CALL AND SEPTEMBER 2008 1700 PUT

TICKER SYMBOL FOR SEPTEMBER 2008 NASDAQ 100 MINI 2100 CALL OPTION: NQU82100C

TICKER SYMBOL FOR SEPTEMBER 2008 NASDAQ 100 MINI 1700 PUT OPTION: NQU81700P

EXPIRATION DATE OF OPTIONS CONTRACT: SEPTEMBER 19, 2008

EXPIRATION DATE OF FUTURES CONTRACT: SEPTEMBER 18, 2008

TICK SIZE: 1 point = $20.00

INITIAL MARGIN: $2750

MAINTENANCE MARGIN: $2200

FIRST NOTICE DAY: Not Applicable (N/A) - Nasdaq 100 Mini Index is cash settled.

This e-mail is to alert you to maintain your positions on the Nasdaq 100 Mini Index Options.

Total Proceeds received at expiration if the September 2008 Nasdaq 100 Mini Index trades above 1700 and below 2100 is $1246.40.

This amounts to $311.60/month in additional income (for the period of June 2008 to September 2008): $1246.40/4.

Our breakeven points before this trade loses money are as follows:

Our breakeven point for selling the September 2008 2100 Call Option at $43.50 is $2142.00 That is this position will begin to lose money if the Nasdaq 100 Mini Index rises above $2142.00.

Our breakeven point for selling the September 2008 1700 Put option at $20.250 is $ 1681.18. That is this position will begin to lose money if the Nasdaq 100 Mini Index falls below $1681.18 ($1637.68 if we maintain the call option)

STATUS REPORT OF OUR POSITIONS IS BELOW:

WEEK 2 (6/27/2008): +$120.00 ($91.40 after commissions of $28.60)

September 2008 NASDAQ MINI INDEX 2100 Call Option: +$555.00

September 2008 NASDAQ MINI INDEX 1700 Put Option: -$435.00

Difference: +$120.00 ($91.40 after commissions of $28.60)

NOTE:

If we only sold the the call option, our position would show a gain of $555.00 for week 2. If we only sold the put option, our position would show a loss of $435.00. However, because we sold both the call option and the put option, our account for the second week ending June 27, 2008 shows a gain of $120.00 ($91.40 after $28.60 in commissions).

Next week, I expect the Nasdaq 100 Mini Index to close up for the week ending Sunday, July 6, 2008, but on light volume.

My fellow J.E.D.I.,

Please see weeky and daily chart below the the NASDAQ 100 MINI INDEX dated June 27, 2008.

WEEKLY CHART

DAILY CHART

So, maintain both positions for now. And watch the following price levels on the NASDAQ 100 MINI INDEX:

$2142.00 for the September 2008 2100 Call option we sold on June 16, 2008 and

$1637.68 for the September 2008 1700 Put option we sold on June 17, 2008.

Good Luck!

And may the force of volatility will be with you.

Best Regards,

Patrice V. Johnson
The J.E.D.I Way

DISCLAIMER:
The information contained in this report and future reports and newsletters contain independent analyses, statements, opinions, beliefs, and strategies that are mine and not those of the company and is made available to anyone interested in my analyses, statements, opinions, beliefs, and strategies made on stocks, options, futures, or options on futures. Information, analyses, statements, options, beliefs, and strategies in this e-mail are for informational purposes only. I do not represent that the information, analyses, statements, opinions, beliefs, and strategies contained in this report or future reports and newsletters are accurate or complete. Internet subscribers and online readers should not rely upon this information for any purpose without seeking the expertise of a professional investment advisor, professional tax consultant and/or broker. The information contained in this report and future reports and newsletters is provided only as general information that may or may not reflect the most current developments; accordingly, information, analyses, statements, opinions, beliefs, and strategies contained in this report and future reports and newsletters is not promised or guaranteed to be correct or complete. The analyses, statements, information, opinions, beliefs, and strategies contained in this report is not a recommendation to buy, sell, or hold any stock, option, future, or option on future. Nor are the statements, analysis, information, opinions, beliefs, and strategies contained in this report or in future reports and newsletters an offer for any stock, option, future, or option on future or solicit the offer of any stock, option, future, or option on future of any company. I will trade securities of the companies on which I report during the term of engagement. Patrice V. Johnson, expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this report, and future reports, and newsletters. I assume no responsibility for your trading and investment results. You assume all responsibility for your trading and investment results. You may send me e-mail to Patrice@Stockbarometer.com . However, you should not send confidential or sensitive information via e-mail as the security of the Internet e-mail is uncertain. By sending sensitive or confidential e-mail messages that are not encrypted, you accept the risk of such uncertainty and possible lack of confidentiality over the Internet. I do not necessarily endorse, and is not responsible for, any third-party content that may be accessed through this report, and future reports, and newsletters.

Important Disclosure
Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.

Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.

In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.

For a complete understanding of the risks associated with trading, see our Risk Disclosure.