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															08/26/04
	BULLISH PUT 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
	MCD	Dec-04	20.00	25.00	1.50	1.50	23.50	3.50	0.43	Up	Neutral	Up	Down	MCDXD	MCDXE
	HHH	Nov-04	50.00	55.00	2.20	2.20	52.80	2.80	0.79	Up	Down	Up	Down	HHHWJ	HHHWK
	SMH	Oct-04	22.50	27.50	0.80	0.80	26.70	4.20	0.19	Up	Down	Up	Down	SMHVX	SMHVY
	INTC	Sep-04	20.00	25.00	2.00	2.00	23.00	3.00	0.67	Up	Down	Neutral	Down	NQUD	INQUE
	MCD	Dec-04	20.00	25.00	-0.55	-0.55	25.55	5.55	-0.10	Down	Up	0	0	MCDXE	MCDXD
	#ССЫЛКА!	#####	#####	#####	#####	#####	#####	#####	#####	Neutral	Up	#####	#####	#ССЫЛКА!	#ССЫЛКА!
	HHH	Nov-04	50.00	55.00	1.50	1.50	53.50	3.50	0.43	Up	Up	0	0	HHHWJ	HHHWK
	SMH	38261.00	22.50	27.50	0.65	0.65	26.85	4.35	0.15	Up	Up	0	0	SMHVX	SMHVY
	BEARISH PUT 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
	0	Jan-00	0.00	0.00	0.01	-0.01	-0.01	0.01	-1.00	Neutral	Down	0	0	0	0
	0	0.00	0.00	0.00	0.01	-0.01	-0.01	0.01	-1.00	Down	Up	0	0	0	0
	0	0.00	0.00	0.00	0.01	-0.01	-0.01	0.01	-1.00	Up	Down	0	0	0	0
	0	0.00	0.00	0.00	0.01	-0.01	-0.01	0.01	-1.00	Down	Down	0	0	0	0
	0	0.00	0.00	0.00	0.01	-0.01	-0.01	0.01	-1.00	Down	Down	0	0	0	0
	0	0.00	0.00	0.00	0.01	-0.01	-0.01	0.01	-1.00	Down	Neutral	0	0	0	0
	0	0.00	0.00	0.00								0	0	-	-
	0	0.00	0.00	0.00								0	0	-	-
	Short Glossary
	"Bullish Put Spread" Strategy
	Action: Buy lower strike put, sell higher strike put of the same month. Potential profit: a) When the stock price is above the break-even. b) Limited to the net premium received. Maximum loss: Limited to the difference between the two strikes minus the net premium received. Time value impact: Neutral. Break-even point: Higher strike minus net premium received.
	Example. Action: Buy XYZ Jan 90 Put, pay 5, and sell XYZ May 105 Put, receive 15. Net Premium: Receive 15-5=10. Break-even point: 105-10=95. Profit when: Stock price is above 95. Potential Profit: 10. Potential Loss: (105-90)-10=5.
	"Bearish Put Spread" Strategy
	Action: Sell lower strike price put, buy higher strike price put of the same month. Potential profit: a) When the stock price is below the break-even. b) Limited to the difference between the two strikes minus the net premium paid. Maximum loss: Net premium paid. Time value impact: Neutral. Break-even: Higher strike minus net premium paid.
	Example. Action: Sell XYZ Mar 90 Put, receive 5 and buy XYZ Mar 105 Put, pay 15. Net Premium: 15-5=10. Break-even: 105-10=95. Profit when: Stock price is below 95. Potential Profit: (105-90)-10=5. Potential Loss: 10.
	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.
	Put option. The right, but not the obligation,  to sell 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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