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Potash JAN10 Short Play – CLOSED

January 6th, 2010, 10:46 am EST.   Posted under Margin Portfolio (MP) by ThetaTrader.
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01/06/2010 – ThetaOptions Margin Portfolio - POTash JAN short play inititated

We’re opening a complex short diagonal spread on POTash for the remaining (9) days left in JAN OpEx. The trade involves (2) diagonals & (1) naked short call.

Risk/Reward: Our goal is to make about $150 within the next few days on $3500 margin or 4%

Filled Order: Actual trade cost 0.30 debit

BOT +2 POT 100 FEB 10 125 CALL @4.35 debit

SOLD -3 POT 100 JAN 10 120 CALL @2.80 credit

Position:

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3 Responses to “Potash JAN10 Short Play – CLOSED”

  1. ThetaTrader Says:
    January 8th, 2010 at 3:20 pm

    new comment

  2. ThetaTrader Says:
    January 13th, 2010 at 11:49 am

    01/13/2010 – Filled Order

    We bought back the (2) naked JAN10 125 short calls for 0.15 debit.

    Our (2) diagonals are still in place.

  3. ThetaTrader Says:
    January 14th, 2010 at 1:21 pm

    01/14/10 – Trade Closed

    Filled Order:

    SOLD -2 DIAGONAL POT 100 FEB 10/JAN 10 125/120 CALL @2.50 credit

    Total Profit $475

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