Apple FEB10 Strangle – Profit $400
January 7th, 2010, 11:38 am EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , AAPL, CLOSED
AAPL – 191(-8)
01/29/2010 – ThetaOptions Margin Portfolio – Apple FEB10 Strangle Adjusted
Wow, what a difference (4) trading days can make. Apple had nice earnings report, followed by the iPad which is nothing more than an overgrown iPhone & now the stock is starting to sell off a bit. Since we only have (3) weeks left to OpEx, we’re going to sell another naked PUT today. Our other PUT is slightly endanger but it will be left alone for now.
Filled Order:
SOLD -1 AAPL 100 FEB 10 175 PUT @1.75 credit
Position: Delta positive with a nice juicy Theta value!
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.