IRA – US Steel FEB/APR Diagonal – Profit $200
January 12th, 2010, 3:54 pm EST. Posted under Individual Retirement Account (IRA) by ThetaTrader.
Post Tags: , CLOSED, x
X – 63.03 (+0.65)
01/12/2010 – ThetaOptions IRA Portfolio – US Steel FEB/APR Diagonal Initiated
With Alcoa missing today, we decided to place a nice low risk diagonal within our IRA Portfolio on US Steel. ticker “X”. Hopefully US Steel sells off a bit over the next 30 days, if not we can close the trade or roll to March.
Filled Order:
BOT +1 DIAGONAL X 100 APR 10/FEB 10 60/55 CALL @-1.75 credit
Position: We’re using $500 in margin within our IRA, but we rec’d $175 credit. Therefore the total risk is only $325. Theta is positive as well. The Delta is -17, because we’re slightly Bearish on them after Alcoa’s earnings report.
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January 12th, 2010 at 4:33 pm
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January 19th, 2010 at 11:01 pm
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February 3rd, 2010 at 4:14 pm
02/03/2010 – Trade Adjustment
We’re morphing the spread into a MAR/APR 50/50 Calendar for 0.25 debit.