United Airlines MAR10 Short

United Airlines MAR10 Short – Closed $410 Profit

February 26th, 2010, 11:39 am EST.   Posted under Margin Portfolio (MP) by ThetaTrader.
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17.07 (+1.41)

02/26/2010 – ThetaOptions Margin Portfolio - UAUA MAR10 Short Initiated

The madness continues as UAUA rises to the sky :-)   We’re going to take this time to sell another round of callers at the higher strike.  Essentially, we are doubling down as we place the order to buy back our first round of options at the lower strike. In addition, we shorted 500 shares @ 17.07

Filled Order:

SOLD -10 UAUA 100 MAR 10 19 CALL @.34 credit

SOLD 500 UAUA @ 17.07

Position: Another round of naked Callers!

GTC Order:

Cover shares @ 16.77 (day order)

BUY +5 UAUA 100 MAR 10 17.5 CALL @.68 LMT debit

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