March 26th, 2010. Posted by ThetaTrader
22.59 (-1.05)
03/29/2010 – ThetaOptions MarginPortfolio – RSH APR10 Calls Closed – Profit $105
The (MP) has closed down our Radio Shack Short position from last Friday….We sold (3) calls naked for 0.60 each during the morning run-up & bought them back ONE day later for $105 profit. Read the rest of this entry »
March 23rd, 2010. Posted by ThetaTrader
601.47 (+21.75)
03/23/2010 – ThetaOptions Margin Portfolio – BIDU MAY Position Initiated
Well we dodge the bullet last month by getting out of our MAR 550 Caller before BIDU blasted past it…..this morning GS raised it’s guidance on BIDU to $675, so we felt the time is fairly safe for the (MP) sell another naked caller during the initial excitement today. Hopefully they don’t raise their price target to GooglePlex (a large number) before MAY 21st 
Read the rest of this entry »
March 12th, 2010. Posted by ThetaTrader
121.86 (-1.02)
03/19/2010 – ThetaOptions IRA Portfolio – Potash Diagonal Closed – Profit $82
The IRA has closed our Potash Diagonal for a quick profit of $82. Since we had $625 at risk, our rate of return was 13% over seven days on this trade. We would have made a little bit more had POTash finished at $125 today, but we’re not complaining. Read the rest of this entry »
March 5th, 2010. Posted by ThetaTrader
4.55 (-1.10)
03/19/2010 – ThetaOptions IRA Portfolio – Palm May10 Adjusting Spread – Bearish
Well that didn’t work out so well, our original spread PUTs us in the stock at $5. After PALM’s horrible earnings report last night, I’m not sure PALM will be around next year or not. Therefore we’re going to take our lumps (loss) now & flip this trade into a Bearish spread. I’ll be really disappointed if the stock rises above our hard stops by MAY! Read the rest of this entry »