QQQQ Morning Update

Friday, October 3, 2008, 8:45 AM EST

Closing price: 36.75 -1.75 -4.55%
Plunged on weak economic data
The tech sector was feeling some negative impact from new figures on
worldwide semiconductor sales. AAPL lost 8%, INTC - 7%, AMD- 12%.

Intermediate-term outlook: BEARISH
Short-term outlook: BEARISH
Very short-term outlook: BEARISH
TODAY'S PRE-MARKET SENTIMENT: BULLISH
Current (8:45 am ET) QQQQ pre-market price: 37.38 +0.63 +1.71%

Preceding day market actions:
None

Open positions:
1. Long QQQAN Jan 40 Call (bought on 9/22/08 @3.90, target 4.30)
2. Long QQQAX Jan9 50 Call (bought on 08/25/08 @ 1.82, target 2.01)
3. Long QQQAW Jan9 49 Call (bought on 08/18/08 @ 2.84, target 3.13)
4. Bull Debit Call Spread (bought on 08/18/08 @ 2.08, rolled on 9/25/08)
Long QQQAS Jan 45 Call
Short QQQAW Jan 49 Call
Net Debit 3.03
5. Long QQQAW QQQQ Jan9 49 Call (BTO @2.86 on 8/13/08, target 3.15)
6. Bull Debit Call Spread (bought on 6/06/08 @2.20, rolled on 6/25/08,
9/23/08)
Long QQQCU Q3Mar 47 Call
Short QQQCY Q3Mar 51 Call
Net Debit 3.7068
7. Long QQQQ stock (bought @49.96 on 6/06/08)
8. Bull Debit Call Spread (bought on 5/21/08, rolled on 9/24/08)
Long UQQCT Q1Mar 46 Call
Short UQQCW Q1Mar 49 Call
Net Debit 2.82
9. Bull Debit Call Spread (opened on 1/7/08, rolled on 2/13/08, 6/19/08,
07/17/08)
Long UQQLU Dec 47 Call
Short UQQLZ Dec 52 Call
Net Debit 4.45
10. Bull Debit Call Spread (opened on 11/29/07, 12/6/07, 12/7/07,
12/21/07, rolled on 1/7/08 and 1/28/08, 6/19/08)
Long OZCAX Jan9 50 Call
Short XZAAC Jan9 55 Call
Net Debit 4.90

Alerts: None

Open the QQQQ main page for today's technical signals, reports and
charts:
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The OptionSmart Team
qqq@optionsmart.org

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