19.16 (-0.50)

03/19/2010 – ThetaOptions Margin Portfolio - Closing Positions – Profit $410

The (MP) is closing down ALL MAR UAUA short call options during the morning pull back, although we have a funny suspicious that WS (Wall Street or Market Makers) might keep it below or at 19 by the end of today, and we’re not taking any chances with our profits at this point in the game. Read the rest of this entry »

107.34 (-0.61)

03/19/2010 – ThetaOptions Margin Portfolio - DIA PUT Spread Expires Worthless

Our FREE Bear PUT spread will expire worthless today.  It turns out we should have bought the 105’s for .25 or so when we had the chance….we honestly didn’t think the market would rise 5% this month…..but I guess anything is possible when Goldman Sachs is in total control of the market. You just can’t bet against their trading engines why they’re programmed to BUY,BUY,BUY or at least told NOT to SELL, SELL, SELL….at least not yet GS needs to pump this market up while they buy the PUT protection in-order to assign stocks to all those suckers!

115.45 (+1.76)

03/12/2010 – ThetaOptions Margin Portfolio – Closing Positions – Profit $450

We let this trade run until the PUTs were basically worthless before buying them back. It turns out, the day we sold those second rounds of PUTs was the last time the stock ventured below $100. We booked 10% profit off the margin consumed to make this trade happen. Read the rest of this entry »

17.50 (-0.28)

02/23/2010 – ThetaOptions IRA Portfolio - VLO JAN11 Dividend Position Inititiated

The IRA Portfolio is going to initiate a small dividend play on VLO today buy purchasing the stock @ 17.50 and selling the JAN11 LEAP.  If the stock continues to drop, we will convert this position into a Buy/Write by selling the JAN11 15 PUT for credit.  If VLO finishes the year above 17.50, then the trade will make 15%.  In addition, we have approx 15% downside protection until we began to accumulate a loss.  Once again, this is the power of using options within a portfolio to increase your profit & reduce the risk. Read the rest of this entry »

543.36 (+10.03)

03/09/2010 – ThetaOptions Margin Portfolio – BIDU MAR10 Short Closed – $380 Loss

OK, selling naked options becomes way too risky when a stock moves from 380 to 550 in 8-10 weeks.  It’s better to take our loss now, rather than adjust this and risk a huge loss.  Our mental stop loss on this option was $8; we didn’t want to lose more than $4 and that’s where we’re at this morning.

Filled Order:

BOT +1 BIDU 100 MAR 10 550 CALL @7.90 debit

Position: Closed

Profit/Loss: Sold Call $410 & closed for $790 = $380 loss