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														08/26/04
BULLISH CALL SPREAD STRATEGY
This module is empty because the picks found had very low probability to be profitable.
Symbol	Expirat	Buy	Sell	Debit	Max	Break-	Max	Profit/	Stock Trends		Sector Trends		Buy Side	Sell Side
	Month	Strike	Strike		Profit	Even	Loss	Loss	Daily	Weekly	Daily	Weekly	Symbol	Symbol
MCD	Jan-05	22.50	27.50	3.50	1.50	26.00	3.50	0.43	Up	Neutral	Up	Down	MCDAX	MCDAY
HHH	Jan-05	50.00	55.00	2.80	2.20	52.80	2.80	0.79	Up	Down	Up	Down	HHHAJ	HHHAK
SMH	Jan-05	27.50	32.50	2.75	2.25	30.25	2.75	0.82	Up	Down	Up	Down	SMHAY	SMHAZ
INTC	Jan-05	22.50	27.50	1.80	3.20	24.30	1.80	1.78	Up	Down	Neutral	Down	NQAX	INQAY
MCD	Dec-04	20.00	25.00	#####	#####	#####	#####	#####	Down	Up	0	0	0	#ССЫЛКА!
#ССЫЛКА!	#####	#####	#####	0.00	#####	#####	0.00	#####	Neutral	Up	#####	#####	0	0
HHH	Nov-04	50.00	55.00	0.00	5.00	50.00	0.00	#ДЕЛ/0!	Up	Up	0	0	0	0
SMH	38261.00	22.5	27.50	0.00	5.00	22.50	0.00	#ДЕЛ/0!	Up	Up	0	0	0	0
BEARISH CALL SPREAD STRATEGY
This module is empty because the picks found had very low probability to be profitable.
Symbol	Expirat	Buy	Sell	Credit	Max	Break-	Max	Profit/	Stock Trends		Sector Trends		Buy Side	Sell Side
	Month	Strike	Strike		Profit	Even	Loss	Loss	Daily	Weekly	Daily	Weekly	Symbol	Symbol
0	Jan-00	0.00	0.00	0.00	0.00	0.00	0.00	#ДЕЛ/0!	Neutral	Down	0	0	0	0
0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	#ДЕЛ/0!	Down	Up	0	0	0	0
0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	#ДЕЛ/0!	Up	Down	0	0	0	0
0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	#ДЕЛ/0!	Down	Down	0	0	0	0
0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	#ДЕЛ/0!	Down	Down	0	0	0	0
0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	#ДЕЛ/0!	Down	Neutral	0	0	0	0
-	-	-	-								-	Down	-	-
-	-	-	-								-	Down	-	-
Short Glossary
"Bullish Call Spread" Strategy
Action: Buy lower strike call, sell higher strike call of the same month. Potential profit: a) When the stock price is above the break-even. b) Limited to the difference between the two strikes minus the net premium paid. Maximum loss: Net premium paid. Break-even: Lower strike plus net premium paid. Time value impact: Neutral.
Example: Buy XYZ May 90 Call, pay 20, and Sell XYZ May 120 Call, receive 10. Net Premium: Pay 20-10=10. Break-even point: 90+10=100. Profit when: Stock price is above 100. Potential Profit: 120- 90-10=20. Potential Loss: 10
"Bearish Call Spread" Strategy
Action: Sell power strike call, buy higher strike call of the same month. Potential profit: a) When the stock rice is below the break-even. b) Limited to the net premium received. Maximum loss: The difference between the two strikes minus the net premium received. Break-even: Lower strike plus net premium received. Time value impact: Neutral.
Example. Action: Sell XYZ Sep 95 Call, receive 15, and buy XYZ Jan 110 Call, pay5. Net Premium: Receive 15-5=10. Break-even: 95+10=105. Profit when: Stock price is below 105. Potential Profit: 10. Potential Loss: (110-95)-10=5.
Break-even. Point at which gains equal losses. This is the market price that a stock must reach for an option to avoid loss if exercised. For a call, the break-even equals the strike plus the premium paid.
Call option. The right, but not the obligation,  to buy the stock at a predetermined price (also known as the strike) at any moment before the expiration date for a paying a premium.
Stock Technical Signals are based on various technical indicators for daily and weekly charts. Usually, swing traders check weekly charts to avoid fighting longer-term trends, while investors check daily charts for better timing of entry/exit points.
Sector Trends.  We distinguish short-term and intermediate- term time horizons, based on various technical indicators for daily and weekly charts.
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