May 27th, 2010. Posted by ThetaTrader
11.63 (+0.37)
05/27/2010 – ThetaOptions IRA Portfolio – Alcoa Diagonal
The IRA is going to take a small bullish diagonal on Alcoa. Hopefully the stock finishes below our June Strike & then we can continue to sell more options against our LEAPs. Read the rest of this entry »
May 26th, 2010. Posted by ThetaTrader
65.23 (+0.90)
05/26/2010 – ThetaOptions IRA Portfolio – IWM Bullish DEC Hedge
The IRA is opening a bullish year end hedge on the Russell Small Cap IWM ETF. We’re placing a DEC Bull Call spread & selling a wide Bull PUT spread to help fund this position. We’re committed to buying the IWM at $50 per shares, that’s about 22% discount from today’s current price of $65. Our actual price would be about $52 per share. Read the rest of this entry »
May 25th, 2010. Posted by ThetaTrader
8.75 (-0.30)
05/25/2010 – ThetaOptions IRA Portfolio – PGH Dividend Play
The IRA has initiated a new position on Pengrowth Energy Trust this morning. Our goal is to collect 10% dividend per year on our stock after we reduce the cost basis to approx $7.75 per share. PGH pays a monthly dividend of around 8 cents per share before Taxes. Read the rest of this entry »
April 9th, 2010. Posted by ThetaTrader
6.95 (-0.03)
04/09/2010 – ThetaOptions IRA Portfolio – Bullish Spread Init
The IRA has initiated a bullish position on Boston Scientific this afternoon after we noticed some unusual option activity on May & August strikes. In addition to purchasing the stock, we also purchased equal amounts of calendar spreads. 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 »