March 5th, 2010. Posted by ThetaTrader
5.74 (-0.21)
03/05/2010 – ThetaOptions IRA Portfolio – Palm May10 Initiated
The IRA portfolio has initiated a “3″ legged option spread on PALM for the month of May, our hopes is that the stock maintains this level or slowly begins to rise over the next few months to finish above our Bull Call Spread. Of course, we’re paying for this spread by selling PUTs. Read the rest of this entry »
February 23rd, 2010. Posted by ThetaTrader
17.50 (-0.28)
02/23/2010 – ThetaOptions IRA Portfolio - VLO JAN11 Dividend Position Inititiated
The IRA Portfolio is going to initiate a small dividend play on VLO today buy purchasing the stock @ 17.50 and selling the JAN11 LEAP. If the stock continues to drop, we will convert this position into a Buy/Write by selling the JAN11 15 PUT for credit. If VLO finishes the year above 17.50, then the trade will make 15%. In addition, we have approx 15% downside protection until we began to accumulate a loss. Once again, this is the power of using options within a portfolio to increase your profit & reduce the risk. Read the rest of this entry »
February 12th, 2010. Posted by ThetaTrader
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 »
February 2nd, 2010. Posted by ThetaTrader
59.41 (+ 0.23)
02/24/2010 – ThetaOptions IRA Portfolio - Morphed into MAR/JUN 65 Calendar Spread
The IRA is taking ONE of our JUNE long position off the table for profit this afternoon. This will make the position profitable no matter what happens to the stock. We will continue to sell 65’s short callers against our last JUNE contract if AMED stays within the 55-70 range. Our overall position has morphed into a Calendar Spread now with no risk & we’ve manage to lock-in a profit of $200 within 3 weeks by risking $1500 from our original diagonal spread. Read the rest of this entry »
January 20th, 2010. Posted by ThetaTrader
CAT – 51.42 (+0.02)
02/05/2010 – ThetaOptions IRA Portfolio - CAT Diagonal CLOSED - Profit $92
We decided to cash out the CAT diagonal this morning. The IRA managed to make $92 from $500 risk within (15) days. That’s 18% return on investment in a IRA account within (15) days. We think that’s a pretty good return. Read the rest of this entry »