Congratulations Master Star Trader November 2006!

CONGRATULATIONS Richtrader aka Dennis Lee for making it once again as our Master Star Trader for the third time round. Dennis was Master Star Trader August 2005 and Octber 2005. It has been a whole year and today, he is not only our Master Star Trader again but has also set a whole new profit record of 607.06%!!!! He is a veteran trader who dares to take a lot more risk by buying options that are very close to the money. Such actions are not recommended for beginners but for veteran traders, having a small portion of your trades on more aggressive options can be a way to leverage on your profits. Well done and keep it up!

My Nov 2006 Trades

My November 2006 Trades

1/11/06 BUY +2 ASH DEC 06 $55 CALL 4.90
1/11/06 SELL -2 ASH DEC 06 $55 CALL 5.40
= +10.20%

2/11/06 BUY +2 FFIV DEC 06 $70 PUT 6.90
7/11/06 SELL -2 FFIV DEC 06 $70 PUT 5.06
= -26.67%

8/11/06 BUY +2 JBX DEC 06 $50 CALL 6.50
15/11/06 SELL -1 JBX DEC 06 $50 CALL 7.80
18/11/06 SELL -1 JBX DEC 06 $50 CALL 8.40
= +24.62%

21/11/06 BUY +5 SCSS DEC 22.5 PUT 1.50
29/11/06 SELL -1 SCSS DEC 22.5 PUT 2.00
30/11/06 SELL -1 SCSS DEC 22.5 PUT 5.30
30/11/06 SELL -2 SCSS DEC 22.5 PUT 5.O0
= +188.33%

23/11/06 BUY +2 HIG JAN 90 PUT 4.00
28/11/06 SELL -2 HIG JAN 90 PUT 5.20
= +30%

I'm still holding one contract of SCSS.

Total returns = +226.48%