CAT – 51.42 (+0.02)

02/05/2010 – ThetaOptions IRA Portfolio - CAT Diagonal CLOSED - Profit $92

We decided to cash out the CAT diagonal this morning.  The IRA managed to make $92 from $500 risk within (15) days.  That’s 18% return on investment in a IRA account within (15) days.  We think that’s a pretty good return.

Filled Orders:

BOT +2 CAT 100 FEB 10 60 CALL @.05 debit (1st order)

SELL -2 CAT 100 MAR 10 62.5 CALL @.15 LMT CREDIT (2nd order)

Profit Calc:

FEB 60 Short Call: (2.30-0.05)=2.25 credit

MAR 62.5 Long Call: (1.94-0.15)=1.79 debit

Profit = 2.25-1.79 = 0.46 * (2) contracts = $92 Profit

Risk/Reward: 500/92 = 18.4% in (15) days….that’s really good for an IRA trade! We would have done a lot better had CAT stayed closer to 60 by Feb’s OpEx.

CAT – 59.61 (-1.33)

01/20/2010 – ThetaOptions IRA Portfolio - CAT Feb/Mar Diagonal Initiated

The IRA Portfolio has initiated a slightly bearish Diagonal on CAT this morning.

Filled Order:

BOT +2 DIAGONAL CAT 100 MAR 10/FEB 10 62.5/60 CALL @-.36 credit

Position: Max risk $250 per contract with $2.90 daily Theta value

<< 1 2 All >>

Pages: 1 2

Follow any responses to this entry through the RSS 2.0 feed.
Learn to Trade with ThetaOptions!