Sunday, April 13, 2008

Weekly Positions Update - 04/13/08

I'm sorry for the lack of posts the past week - it was a really crazy week. I'm involved with a startup and we had a big pitch to give on Thursday, so the week just flew by. I caught up on the commodity news yesterday, and have a few things to post later this evening.

On a personal note, I recently left my job (this is a very good thing) - so for your added entertainment, my futures account will also serve as my sole source of income for the time being, as soon as I run through my relatively meager savings. C'mon grains - Daddy needs a new pair of shoes!!!

Hopefully the added pressure won't mess me up - I realize I need to be a bit more conservative with the leverage, as I really can't afford a large draw down. Of course this would be a great time to get the follow up sugar rally we've all been waiting for :)

Open Positions
Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss
03/31/08 Long 1 MAY 08 Corn 576 3/4 584 1/2 $387.50
04/02/08 Long 1 MAY 08 Corn 598 1/2 584 1/2 ($700.00)
04/10/08 Long 1 MAY 08 Cotton 74.97 74.20 ($385.00)
03/13/08 Long 1 JUN 08 Japanese Yen 0.9992 0.9898 ($1,175.00)
03/12/08 Long 1 MAY 08 Rough Rice 18.980 20.920 $3,880.00
03/13/08 Long 1 MAY 08 Rough Rice 19.500 20.920 $2,840.00
04/08/08 Long 1 MAY 08 Rough Rice 21.170 20.920 ($500.00)
03/25/08 Long 1 MAY 08 Sugar #11 12.15 12.40 $280.00
03/17/08 Long 1 JUN 08 Swiss Franc 1.028000 0.9929 ($4,387.50)
Net Profit/Loss On Open Positions: $240.00

Account Balances
Current Cash Balance $100,956.56
Open Trade Equity $240.00
Total Equity $101,196.56
Long Option Value $0.00
Short Option Value $0.00
Net Liquidating Value $101,196.56


Cashed out: $10,000.00
Total value: $111,196.56

Weekly return: 0.2%
YTD return: 42.6%

***BTW, I usually "cash out" money just to pay taxes. So total value is all pre-tax. Going forward, I'll be cashing out to pay the rent also - no slack in the system for hookers and booze, that will have to wait for later in the commodity bull :)

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