The following is the OptionBT sighting of    "Quick Pick".
Go to Description Section
Title   :   "Quick Pick"
Position Description  :
     Position taken   :     June 22,2005
     Two months out,
     Vertical Bull Spread on Calls,
     Long the 05 Aug 1075 Calls (109 cnt), Short the 05 Aug 1150 Calls (109 cnt)
     No Margin required,
     Close on the day of trade June 22,2005 was 1213.88.
     Expiration/Settlement    :    August 19,2005 / Settlement = 1223.90

Count   :                     109 long call options, 109 short call options
Credit or (Debit)   :     ($780,440)
Margin   :                   non required

Results   :                   All options expired in the money, NET = +$37,060


Comments   :   "Quick Pick"

  "Quick Pick" is at that special place where a little faith in the market can bring a little return. Not that $37k is such a little return, but you have to compare "QP" with some of the other big guns in this list and you won't be as impressed.
What is impressive though is that "QP" puts up a big sum for his measly return. That is the $780,440 that this position cost.
There is probably a little lesson here somewhere. That lesson may be that looking around and not seeing anything which would torpedo the market in June of 2005, "QP" said, "why not" and proceeded to launch just a little volley over the wall.

Congrats "QP" even though it is was probably not enough to cover the taxes on your house.


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