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.

Filled Orders:

BOT +2 FSLR 100 MAR 10 90 PUT @.10 debit

BOT +2 FSLR 100 MAR 10 80 PUT @.05 debit

Position: None

Profit Calc:

2/24 – Sold (2) 90’s for $140 each

2/25 – Sold (2) 80’s for $100 each

3/12 – Closed (2) 90’s for $10 each

3/12 – Closed (2) 80’s for $5 each

Profit: (2) $140 + (2) $100 – (2)$10 – (2)$5 = $450 Profit

Risk/Reward: $4200 (margin)/ $450 about 10% in (3) weeks

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