IRA – IWM Monthly Short Strangle
November 30th, 2009, 3:40 pm EST. Posted under Individual Retirement Account (IRA) by ThetaTrader.
Post Tags: , IWM, OPEN
01/07/2010 – ThetaOptions IRA Portfolio - IWM FEB Initiated
We’re moving our IWM JAN contracts to FEB. Cashing out the 64/65 vertical for profit & rolling the 63 short caller. In addition, we’re opening a new short PUT in FEB.
Filled Order(s):
SOLD -1 DIAGONAL IWM 100 FEB 10/JAN 10 65/63 CALL @.03 credit
SOLD -1 VERTICAL IWM 100 JAN 10 64/65 CALL @.40 credit
SOLD -1 IWM 100 FEB 10 59 PUT @.70 credit
Position: We’re back to Delta Neutral with $2.6 Theta
Monthly Collection: After converting the DEC qtr diagonal into a vertical, we we’re able to book over $1 credit for the month of JAN. The PUT came down a few days ago, but we had to reposition our original JAN 61 caller to 63 & now we’ve roll it to FEB 65.
December 18th, 2009 at 11:22 am
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
January 25th, 2010 at 12:41 pm
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
February 5th, 2010 at 2:08 pm
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
February 8th, 2010 at 10:13 am
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
February 16th, 2010 at 3:35 pm
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!