Weekly Shot Q1 Portfolio

Trade Date	Stock	Buy to Open	Buy$	Sell to Open	Sell $	Net Trade	#	Target Return	@ Risk	% Return	% Protection	Expiration Date
2-4-09	AAPL 91.92	Mar 70 PUT QAA ON	$1.20	Mar 75 PUT QAA OO	$1.95	$0.75 credit	10	$750	$4,250	17.6%	18.4%	3-20-09

totals								$750	$4,250	17.6%

February 16, 2009 Update

3:15 PM EST: The market is closed for President's day, but let's check in on our AAPL position and see how the stock has been holding up since we set up this trade. The stock closed last Friday at $99.16, so we are still in great shape on this one. We will look at add another trade to this portfolio later in the day.

February 4, 2009 Update

8:34 AM EST: We added our first trade to this quarter's portfolio this morning, and we are setting up a March credit spread with Apple Computer as our underlying security. The stock is currently trading at $91.92 and we are looking at March put options with a 75/70 spread, so as long as the stock is not trading under 75 at expiration we will be realizing our profit on this one. We have 18.4% protection. If the stock moves against us, we will have to close this one early, but as long as AAPL can avoid an 18+% dip we will have a nice $750 profit on this one.

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All trades are examples only. These are not recommendations to buy or sell any security. All trades are based on full investment in all positions and returns are not taking in account taxes brokerage commissions. Investing in stocks and options involves risk. Trade recomendations are based on the opinions of analysts and sources quoted and do not represent the opinions of OptionBlock on whether to buy, sell or hold shares of a particular stock or option. We anticipate and suggest all investment decisions any investor makes will be independently researched prior to any purchasing transactions. Prior to buying or selling options, a person must receive a copy of Characteristics and Risks of Standardized Options available at: http://www.cboe.com/Resources/Intro.asp. In addition, investors are advised that past stock or option performance is no guarantee of future price appreciation or depreciation. Those involved with the preparation and distribution of this report may have had in the past, currently hold, or may purchase in the future stock and/or options in companies discussed in this report. Additionaly, anyone involved with this report will not be trading the securites mentioned on the same day as the report appears.