UAUA – FEB10 Short – Profit $350
February 9th, 2010, 9:57 am EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , CLOSED, UAUA
14.62 (+1.55)
02/09/2010 – ThetaOptions Margin Portfolio – United Airlines FEB Short Initiated
Over the past several weeks United Airlines has shown some pretty strong resistance around 14. Therefore, with only TWO weeks left until Feb’s OpEx, the Margin acct is going to initiated a naked short sell on UAUA Feb’s Callers.
Filled Order:
SOLD -5 UAUA 100 FEB 10 15 CALL @.51 credit
Position: We have -200 delta with Theta of 14.2
Risk/Reward: Starting Margin = $1200/$255 or about 21% return on margin in two weeks.
Trade Note: So we’re short 500 shares @ 15.50 if UAUA rises above 15.50 by Feb’s OpEx.
Starting Margin: $1,170
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