<<Initial Trade

01/15/2010 – ThetaOptions IRA Portfolio - DIA JAN10 Spread CLOSED – Profit $204

We’ll we finally made it to JAN10 OpEx & it turned out those 92/101 Bull Call Spreads we had were worth the FULL $9.  We existed that portion of trade (8) weeks ago for $8 credit and kept pressing our DIA PUTs up in hopes of a market correction by JAN10; obviously that never happened.  However, this trade illustrates how we were able to keep the entire trade profitable while taking a bearish stance on the market’s nonsense.  Overall, we’re happy with the results on this one.

Filled Order:

SOLD -2 DIA 100 JAN 10 106 PUT @.33 credit

Positions: ALL positions will expire worthless this weekend.

Profit Calc:

• We will update profit/calc this weekend..we made approx $250 on the original trade from OCT.

01/14/2010 – ThetaOptions IRA Portfolio - DIA JAN PUT Adjustment

Ok, we’re going to make a rare bet & purchase (2) JAN10 106 PUTs right now in hopes for a PULL back tomorrow or later today.  The original OCT DIA spread well be closed tomorrow & we will update the total profit on this trade over the weekend.

Filled Order:

BOT +2 DIA 100 JAN 10 106 PUT @.15 debit

Position: Wow, +50 Theta….That really sucks! We normally don’t take those bets!

Day Order:

Sell to Close: (2) JAN10 105 PUT – 0.18 credit  (This will give us a free lift to the 106’s, but I’ll doubt it will fill today!)

01/11/2010 – ThetaOptions IRA Portfolio - DIA JAN PUT Adjustment

Well, just for fun we’re going to adjust the 103/101 BEAR PUT spread into a broken wing butterfly for the last (4) days of OpEx.  This trade will cost us some of our profits, but it could pay off if the DIA starts to sell-off later in the week.  Our sweet spot will be 101 by next Friday; although I doubt we will keep it that long if the DIA’s actually do drop!

Filled Order:

BOT +3 DIA 100 JAN 10 98 PUT @.04 debit  (we need these options first)

SOLD -1 2/5 BACKRATIO DIA 100 JAN 10 105/103 PUT @ -.15 (debit)

Position: -41 delta with -14 Theta isn’t that great,  but at least we have a chance at getting some of our profits back here!

Contracts in JAN11:

12/30/2009 – ThetaOptions IRA Portfolio - DIA JAN PUT Adjustment

With approx two weeks left until OpEx; we’re going to attempt to setup a $2 Bear Put spread with our remaining JAN 101 PUTs by using a Back/Ratio order.  We are not paying anything perform this trade, we’re actually receiving 0.02 credit per contract.

Note: The DEC Qtry 101 Short PUTs were bought back for 0.05 two days ago; otherwise we wouldn’t be able to perform this order.

Filled Order:

Sell To Open: (5) 1/2 JAN 10 DIA 103/101 Back/Ratio – 0.02 credit

12/16/2009 – ThetaOptions IRA Portfolio - DIA JAN PUT Adjustment

Today we are going to move all (5) of our JAN 98 PUT contracts up three strikes by selling (4) DEC quaterlys.

Filled Orders:

Buy To Close: (5) Dec 09 98 Puts – 0.02 debit

Buy To Open: (5) Jan10 101/98 Bear Put Spread – 0.45 debit

Sell To Open: (4) Dec 09 Qtr 101 Puts – 0.42 credit

Position: The $1800 margin is from the JAN 91/84 Put Spread verticals

11/25/2009 – ThetaOptions IRA Portfolio – DIA Bull Call Spread CLOSED – Profit $750

After (6) weeks and the DIA meeting some pretty heavy resistance here  at 105, we have decided to forgo the last $1 and close our Bull Call Spread for $1.50 profit per cotract.  We’re going to hold onto the DIA PUTs a little bit longer by moving half the 91’s to DEC 98.

Orders:

Sell To Close:  (5) 92/101 Bull Call Spread – $8.00 Credit

Buy To Open:  (5) 98/91 DEC/JAN Diagonal – $0.04 debit

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