Amzn Trade CLOSED – Profit $360
December 11th, 2009, 4:24 pm EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , AMZN, CLOSED
12/11/2009 – ThetaOptions Margin Portfolio – Trade “CLOSED” – Profit $360
Wow, that was fun. We finally closed down the entire AMZN “Naked” Call trade that started off 9 days ago (12/02/2009) for a nice profit. Now Santa can drop ship some gifts from his Elf factory @ Amazon.com 
Profit Calculation: +3.25 , +5.25 , -0.69 (2), -3.25, -0.05 (4) today, -0.07 today = $360 Profit from $2900 Margin or 12% risk/reward in 9 days!
Risk: Our risk was controlled the entire time, we would have broke even @ 149 and we would have had a minor lost at 155 by OpEx (Option Expiration day).
Filled Orders:
Buy To Close: (4) Dec 155 Call – $0.05 debit
Sell To Close: (1) Dec 1/2 145/150 Call Side Back/Ratio – $0.07 debit
Position: Closed ALL Dec options except for the (2) 160 Callers. Those will expire worthless.
