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Closed out most of my trades today, usually i would roll them out but there hasn’t been any good news on the market for a while, also there was a near 2% drop in the All Ord today. Look at the double top and what I believe is a breakout of the support line (looking at the 3months XAO chart) Better be safe than sorry, so i’m taking my money out of the market and waiting for an signal before re-entering. If tomorrow is a down there, I am pretty sure the XAO will drop to 6000 points, ie another 3-4% drop.

Here are my trades for 27th June 2007
The Trade (WDC) - Traded on 29th May 2007
Sell Jun $21.0 Puts @ $0.445
Buy Jun $20.5 Puts @ $0.25

Closed out 27th Jun 2007
Buy Jun $21.0 Puts @ $1.05
Sell Jun $20.5 Puts @ $0.55

All up donated $3,468.80 to the market (including brokerage)

The Trade (CSR) - Traded on 26 May 2007
Sell Jun $3.47 Puts @ $0.10
Buy Jun $3.24 Puts @ $0.04

Closed out 27th Jun 2007
Buy Jun $3.47 Puts @ $0.0585
Sell Jun $3.24 Puts @ $0.00

All up donated $315.33 to the market (including brokerage) - this was more a donation to the broker

The Trade (LHG) - Traded on 28th May 2007
Sell Jun $3.07 Puts @ $0.105
Buy Jun $2.83 Puts @ $0.035

Closed out 27th Jun 2007
Sell Jun $3.07 Puts @ $0.16
Buy Jun $2.83 Puts @ $0.015

All up donated $2,053.60 to the market (including brokerage)

All up donated $5,837.73 to the market today, I still have 2 positions for tomorrow that should go through safely and buffer some of this donation.