UAUA – FEB10 Short – Profit $350
February 9th, 2010, 9:57 am EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , CLOSED, UAUA
15.25 (-0.42)
02/12/2010 – ThetaOptions Margin Portfolio – Covered Short Shares
Well, we finally have a minor pullback in the stock this morning. As result, the (MP) is going to play it safe and sell the ITM FEB 16 PUTs now.
Filled Order:
SOLD -5 UAUA 100 FEB 10 16 PUT @1.00 credit
Position: Our Delta has came down 500 points & our Theta has increased slightly.
Cost Basis:
Short stock $16.50 – 500 shares covered by (5) ITM PUTs
Short Calls $16.25 – (10) OTM FEB 16 Call contracts
Hopefully the stock finishes under 16 by next week.
Day Order:
Buy to Close: (5) FEB 16 Calls – 0.15 debit
February 11th, 2010 at 8:33 am
Good One… I actually went short 650 Shares at 15.63. This site is phenomenal.
February 18th, 2010 at 5:05 pm
02/18/2010 – Closed Trade – Profit $350