99.66 (-5.45)

02/25/2010 – ThetaOptions Margin Portfolio – Adjusting MAR10 Position

First Solar is taking another pounding this morning, it’s already down %5 this morning. That brings us down from 126-99 since earnings last week. Can you imagine how the professional analysis might feel right now after upgrading FSLR right before the earnings announcement last week.  Anyhow, we’re selling some more naked PUTs down here today. FSLR will find its MARCH support level soon enough, hopefully it’s above our strike pattern

Filled Order:

SOLD -2 FSLR 100 MAR 10 80 PUT @1.00 credit

Position: 36 per day in Theta…nice!

Margin Note:

The margin has increased only slightly.  We have added another by $1800 in margin by selling (2) more PUTs plus we’re $200 behind on the 90′s we sold from yesterday. So it’s really not that bad.

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