United Airlines MAR10 Short – Closed $410 Profit
February 26th, 2010, 11:39 am EST. Posted under Margin Portfolio (MP) by ThetaTrader.
Post Tags: , CLOSED, UAUA
17.73 (+0.58)
03/01/2010 – ThetaOptions Margin Portfolio - UAUA MAR10 Selling Calls
We’re selling another round of MAR callers. Hopefully the stock doesn’t continue to rise 5-10% per day; otherwise that would be devastating for us. We would consider selling PUTs, but I really don’t want to own this stock at all.
Filled Order:
SOLD -10 UAUA 100 MAR 10 19 CALL @.60 credit
Position: -2000 Delta with $17k in margin. Just a wee bit excessive here!
Note: We’re still trying to sell the 17.50 PUTs; although we may need to sell the 19′s now.