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Option Principal Futures Update for Sunday Evening, May 6

New Trades:

On Friday we bought a Sep. Euro 1.36 put.

We suggest that you limit the premium paid for an option to a maximum of 2% of your account balance.

Adjustments:

On Friday we exited the August feeder cattle 110 call and we bought an August 110 put. want to exit the August feeder cattle 110 call-340- and buy another August 110 put. 375

Open Positions:

1. On January 4 we bought a May OJ 195 call for 760. On January 8 we exited the call at 750 and we bought a July 195 put for 1100. On January 16 we bought a July 195 call for 950 points. On January 24 we bought a July 195 put for 905 points. On February 15 we bought a September 180 call for 1000. On March 12 we bought a September 190 put for 1825 points. On April 12 we exited the July 195 puts for 3000 points each. On April 13 we exited the Sep. 190 put at 2900.

2. Entered on December 29. Long a March Australian Dollar 80 call for 45 points ($450). The March 80 call expired worthless on March 9. On January 5 we bought a June 78 put for 140. On March 7 we bought a June 77 call for 138 points. On April 25 we sold June futures at .8264.

3. On February 16 we bought a June Yen 85 call for 146 points ($1825). On February 23 we bought a September 85 put for 180 points. On March 29 we bought a Sep. 87 call for 200. On March 30 we bought a Sep. Yen 87 put for 191. On April 19 we bought a Sep 86 call for 165 points. On April 27 we bought a Sep. 85 put for 138.

4. On February 21 we bought a June natural gas 7.500 call for .780 ($7800). On March 1 we bought a Dec. 9.000 put for 1.240. On March 23 we bought a Dec. 9.000 call for 1.400 points. On April 17 we exited the June call at .460 and we exited the Dec. call at 1.390. On April 20 we bought a Dec. 7.500 call for 2.000.

5. On February 23 we bought a July coffee 120 call for 850 points ($3187.50). On March 2 we bought a July 120 put for 700 points. On April 13 we exited the put at 600 and we bought a Dec. 122 call for 1280. On April 17 we bought two Dec. 120 puts for 1270.