DIA MAR10 Overnight PUT Trade – Expires Worthless
February 25th, 2010, 3:52 pm EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , CLOSED, DIA
107.34 (-0.61)
03/19/2010 – ThetaOptions Margin Portfolio - DIA PUT Spread Expires Worthless
Our FREE Bear PUT spread will expire worthless today. It turns out we should have bought the 105′s for .25 or so when we had the chance….we honestly didn’t think the market would rise 5% this month…..but I guess anything is possible when Goldman Sachs is in total control of the market. You just can’t bet against their trading engines why they’re programmed to BUY,BUY,BUY or at least told NOT to SELL, SELL, SELL….at least not yet 
GS needs to pump this market up while they buy the PUT protection in-order to assign stocks to all those suckers!
102.80 (-0.50)
02/26/2010 – ThetaOptions Margin Portfolio - DIA PUT Adjusted
Well we didn’t get the morning pullback we were looking for, as the economic data seem to be in-line with expectations. However we manage to see a small pull back starting at 10:03 est. Therefore we decided to sell (2) of our (3) 103 PUTs & then sell (1) 102 PUT in-order to setup a FREE Bear PUT Spread. We’ll let that simmer for awhile!
Filled Orders:
SOLD -2 DIA 100 MAR 10 103 PUT @1.76 credit
SOLD -1 DIA 100 MAR 10 102 PUT @1.35 credit
Position: We have a classic Bear PUT spread at NO cost
Cost Basis:
02/25 – Bought (3) 103 PUTs 1.59 each = $477
02/26 – Sold (2) 103 & (1) 102 = $487
Total Cost basis: $10 credit so far.
103.19 (-0.51)
02/25/2010 – ThetaOptions Margin Portfolio - DIA PUT play initiated
The (MP) is going to do something unprecedented & actually purchase a few overnight DIA put options for tomorrow morning. With (MP) up $2000 for the month, we figured that we could take a small gamble risk $100-150 for quick sell-off tomorrow morning. If we’re lucky, we might be able to sell the lower strike for the same price we paid for our 103′s….that’s a best case scenario.
Filled Order:
BOT +3 DIA 100 MAR 10 103 PUT @1.59 debit
Position: -11.29 Theta….we really HATE that!
