18.79 (+0.17)

03/04/2010 – ThetaOptions IRA Portfolio - Back-Ratio Closed – Profit $143

The IRA has closed our original Back/Ratio spread for profit….it turns out VLO never dropped deep into our spread for us to purchase the shares.  However, this is a great example of using a Back/Ratio option spread in-order to collect Theta and still maintain a profitable trade on a stock that you wish to own. Read the rest of this entry »

01/11/209 – FREE CONTENT – $10 JAN10 strike options rise 3500% TODAY!

McMoran Natural Gas Exploration company rose 50% today on news of large find in the Gulf Mexico.  A friend of ours started a small position in MMR back in November by selling the 7.5 Put to purchase the 7.5/10.0 Bull Call spread. Read the rest of this entry »

105.11  (-4.40)

01/28/2010 – ThetaOptions IRA Portfolio – Potash FEB/MAR Diagonal CLOSED – $5

Potash is selling off today after their reported earnings miss, therefore our diagonal we placed (14) days ago isn’t going to be profitable.  Rather than risk $500 to break-even on this trade; we decided to shut it down now.  Our total loss on the trade was $5 & unfortunately  it counts against our profitable track record Read the rest of this entry »

195.40 (-0.80)

02/10/2010 – ThetaOptions Margin Portfolio – Apple Strangle CLOSED – Profit $400

The (MP) bought back the Apple FEB short PUT for 0.17 debit.  This concludes our FEB strangle on Apple. Profit $400 in (4) weeks. Read the rest of this entry »

01/07/2010 – ThetaOptions Margin Portfolio – Ford June Strangle Initiated

We’ve decided to follow suit with the investor that sold a June strangle of 15,000 contracts yesterday.  However, we’re going to select a different strike pattern in-order to give us a higher degree of success on this trade. Read the rest of this entry »