Apple FEB10 Strangle – Profit $400
January 7th, 2010, 11:38 am EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , AAPL, CLOSED
195(+0.30)
02/02/2010 – ThetaOptions Margin Portfolio – Apple FEB10 Strangle Adjusted
Well, just a few short days later and we were able to buy back the FEB short PUT for 2.15 debit. By selling the 175 last week & purchasing the 185 back this morning, we were able to give back 0.45 profit off the original trade to gain $10 in safety. In addition, our margin level has decreased by $4000 & now we can enter a strangle for the month MAR.
Filled Order:
BOT +1 AAPL 100 FEB 10 185 PUT @2.15 debit
Position: Our margin has decreased by about $4000 & our delta has moved closer to neutral.
Profit Margin:
Our profit margin is still on track….we sold the FEB strangle for $5 credit & we gave back $1 on adjusting the 240 call & 185 PUT. We closed the 250 PUT down yesterday for 0.05 & we’ll buy back the 175 short PUT for 0.05-0.25 within the next week or so.
January 25th, 2010 at 1:38 pm
01/25/2010 – Trade Adjustment
We’ve moved the FEB 240 short Call up (1) strike.
Filled Order:
BOT +1 VERTICAL AAPL 100 FEB 10 240/250 CALL @.38 debit
February 1st, 2010 at 3:25 pm
02/01/2010 – 3:24 Est
The FEB 250 short call was closed for 0.05 debit.
Our (2) Feb short PUTs are still open.