United Airlines FEB10 Short

UAUA – FEB10 Short – Profit $350

February 9th, 2010, 9:57 am EST.   Posted under Margin Portfolio (MP) by ThetaTrader.
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15.40 (-0.28)

02/17/2010 – ThetaOptions Margin Portfolio – Closing short shares

Wow, it’s been a bumping ride flying United Airlines this past week.  This morning we finally closed down most of open positions for a nice little profit.  In addition we initiated June Short Play on them.

Filled Orders:

BOT +5 UAUA 100 FEB 10 16 CALL @.15 debit (9:58)

BOT +5 COVERED UAUA 100 FEB 10 16 PUT/UAUA @16.10 (11:56)

Position: Besides the JUNE position, we only have (5) FEB 16′s left open.

Cost Basis:

We made $200 off the Covered Short Stock in 7 days. And our orginal (5) naked 15 callers are looking profitable as well.

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2 Responses to “UAUA – FEB10 Short – Profit $350”

  1. Shane Moxley Says:

    Good One…  I actually went short 650 Shares at 15.63.  This site is phenomenal. 

  2. ThetaTrader Says:

    02/18/2010 – Closed Trade – Profit $350

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