18.75 (+1.23)

03/09/2010 – ThetaOptions Margin Portfolio – UAUA June Short Adjusted

What we can we say, an OLD Fashion business model has discovered the cure for cancer while their passengers climb aboard.  Well, at least that’s how the stock is reacting these days.  UAUA is up over 100% in 3 months & is UP 20% in the past 3 weeks, most of that gain has come in the past few days.  We have no clue whether or not the stock will touch 100 by JUNE or not, but we’re going to adjust the JUNE position before it’s too late.

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25.02 (-0.17)

02/12/2010 – ThetaOptions Margin Portfolio – AT&T Bullish position initiated

Since AT&T hit our target price of 25 in the IRA, we felt that the (MP) should enjoy some fun as well.  Therefore, we’re initiating a bullish stance on them by selling the PUTs & buying Calls.  When & IF the stock rises above 27-28, then we will consider selling monthly Calls against our LEAP position. Read the rest of this entry »

25.00 (-0.19)

02/12/2010 – ThetaOptions IRA Portfolio – AT&T JAN11 Div Initiated

We’ve been waiting to make a nice dividend play on AT&T since the beginning of the year & today we finally took the plunge. This position is designed to make 10% even if the stock falls down to 22.50, that’s 10% below today’s price of 25.0.  That’s right, you heard that correctly…WE WILL MAKE 10% IF THE STOCK DROPS 10% by the end of the year. In addition, AT&T pays a qtr dividend of 0.42 cents per share, which means we’ll take 5% right there alone. Read the rest of this entry »

15.28 (-0.21)

02/18/2010 – ThetaOptions Margin Portfolio – Closed Trade – Profit $350

Ok, that was fun. We bought back the last lot of our naked callers this morning and successfully shorted UAUA again. That’s THREE successful missions on shorting them over the past four months. Our profit this round was $350, and we made some adjustments by leaving our original short strike while the stock was rising during the madness. We still can’t believe the stock rose 35% in 5 trading days! Read the rest of this entry »

77.99 (+1.00)

03/15/2010 – ThetaOptions Margin Portfolio - Toyota MAR PUT Closed – Profit $365

The (MP) has closed the Toyota Naked March PUTs for $365 profit.  We orginal sold them during the brake problem & we kind of wish that we would have sold the FEB 65 PUTs later on for 80 cents that one day; but we were a little nervous. Anyhow, our rate of return was 20% profit on this trade in just (6) short weeks. Read the rest of this entry »