IWM 2010 - Monthly Short Play

IRA – IWM Monthly Short Strangle

November 30th, 2009, 3:40 pm EST.   Posted under Individual Retirement Account (IRA) by ThetaTrader.
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12/15/2009 – ThetaOptions IRA Portfolio – IWM Diagonal Adjustment w Butterfly

In order to save this diagonal we have issued a quick butterfly, something we were trying to avoid.  However, the goal is to let the first part expire worthless, even if we have to spend a little more cash.  Our next part to this trade involves a back/Ratio

Filled Order:

Buy To Open:  (1)  IWM DEC 09 61/62/63 CALL Side Butterfly @.29

12-15-2009_IWM_BUtterfly_order

Position: Our position shifted a little more bearish from last time.

12-15-2009_IWM_BUtterfly_position

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5 Responses to “IRA – IWM Monthly Short Strangle”

  1. ThetaTrader Says:

    This trade has been updated to include multi-pages for each trade adjustment in order to follow it’s progress throughout the entire year.

    - ThetaTrader

  2. ThetaTrader Says:

    01/25/2010 – FEB Trade Adjustment

    We’re lowering the strangle strike pattern to 64/57.

    Filled Orders:

    BOT +1 VERTICAL IWM 100 FEB 10 59/57 PUT @.30 debit.
    SOLD -1 VERTICAL IWM 100 FEB 10 64/65 CALL @.26 credit

     

  3. ThetaTrader Says:

    02/05/2010 – Trade Adjustment

    We’re buying back the short caller for 0.05 debit.

    Filled Order:

    BOT +1 IWM 100 FEB 10 64 CALL @.05 debit

  4. ThetaTrader Says:

    02/08/2010 – Trade Adjustment

    Sold MAR 62 short caller for 0.75 credit

    Filled Order:

    SOLD -1 IWM 100 MAR 10 62 CALL @.75 credit

  5. ThetaTrader Says:

    02/16/10 – 3:32 est

    We bought back the FEB IWM 57 short PUT today.

    Filled Order:
    BOT +1 IWM 100 FEB 10 57 PUT @.03 debit

    Note: Now we have the (1) MAR 62 short caller that is already ATM!

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