This is a pretty good week for me as I made 28% PROFIT from one of my trade. 

I bought SYMC JAN07 20.0 CALL on 12-Dec-2006 (Tuesday) at $1.25.
I’ve closed my position on 15-Dec-2006 (Friday) with 28% PROFIT in 3 days.
Here is the detail of my trade: as well as the chart.

12-Dec-06 BUY SYMC JAN07 20.0 CALL @ $1.25
15-Dec-06 SELL SYMC JAN07 20.0 CALL @ 1.60
Profit = 28% (in 3 days)

Click on the thumbnail below to view the full size chart:

On 15-Dec-2006, I bought ASF JAN07 40.00 CALL at $3.50 after monitored it for about an hour.
Locked my stop lost base on underlying stock at $41.00. 20% profit is my target.

Want to know the secret of my trade?
Check out the Star Trading System at masteroequity.com

FUNDAMENTALS
Markets rallied yesterday led by the energy sector. The energy sector rose 1.81% overall with OPEC’s decision to cut production by another 500K barrels per day starting on 1 Feb. This has led oil to break above the $63 for the first time since November. If oil prices continue to move up due to a drop in production, that can spell higher capital cost for industries and put some pressure on earnings.

TECHNICALS
Surprisingly, the Dow found enough energy to break the 12340 resistance level yesterday as it ended up 0.81% for the day to close at 12416.76! This is an extremely important move as it completes the staircase formation that the Dow has been stepping up on since August and spell more upside for the market. All we need to see is some significant follow up today to seal in the deal.

Jason Ng
Founder, Masters ‘O’ Equity
mastersoequity.com
“Your Personal Stock Option Mentor”