December 22nd, 2009. Posted by ThetaTrader
01/12/2010 – Margin Portfolio – Alcoa Position CLOSED – Profit $223
Well looks like Alcoa disappointed investors with their earnings report yesterday. Of course, a 10% decline in the stock price today doesn’t really matter too much after it ran UP 15% before earnings anyhow. Needless to say, we closed down the entire position this morning after buying back the short calls for 0.02 debit. Read the rest of this entry »
December 18th, 2009. Posted by ThetaTrader
22.43 (-0.24)
03/24/2010 – ThetaOptions IRA Portfolio – Intel JAN/APR Spread Closed – $249 Profit
The IRA has decided to close down our original JAN/APR Diagonal that we placed for 0.21 debit back on 12/18/2009. It’s been a fairly rough trade & we’ve badly timed several key moves; however we manage to make a few bucks on this complex (4) month spread. We feel that it’s a pretty good trade to study for those who may be considering option spread strategies within an IRA account. Read the rest of this entry »
December 16th, 2009. Posted by ThetaTrader
12/16/2009 – ThetaOptions Margin Portfolio – Intel July Position Initiated
We’ve been waiting for Intel to cross 19.50 these past few weeks in-order to open a new position on them. This morning we’ve decided to take a fairly safe bet with them & give them 7 months to cross our line. However we’re not buying the stock today; we’re using an option spread to go long on them at 1/5 the cost. In addition, we’re stepping into this trade slowly with commitment to add more contracts later on. Read the rest of this entry »
December 15th, 2009. Posted by ThetaTrader
12/15/2009 – ThetatOptions Margin Portfolio – Position CLOSED – Profit $75
No sense waiting around for OpEx on these guys after the recent upgrade. I still think the MM’s will pin the stock to 20 by Friday, but we’re taking our money and running after yesterday 5% run up (scare).
Risk/Reward: $75/$1900 (original Margin) = 4% return on Margin Risk in (11) days…
Order:
Buy To Close: (5) RSH DEC 20 Call – 0.25 debit
Position: None
December 15th, 2009. Posted by ThetaTrader
12/15/2009 – ThetaOptions IRA Portfolio – DEC/JAN Potash Diagonal Closed - Profit $170
Our Potash Diagonal has changed to “Positive” delta this morning on a position we’re extremely bearish on. Therefore, we’re losing money now as we continue to hold the spread. As a result we’ve decided to close the trade this morning, even though we have a high Theta value on the spread and it is possible that Potash could finish right at 120 by OpEx day; we feel it is not worth risking our high profit margin at this point. Read the rest of this entry »