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
17.07 (+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

