Alcoa Leap/Diagonal

Posts marked by ‘Individual Retirement Account (IRA)’ tag

IRA – Alcoa Leap/Diagonal

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 »

IWM – Russell Small CAP Bullish Hedge

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 »

Pengrowth Energy Trust Dividend Play

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 »

IRA – Boston Scientific May/August Spread

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 »

IRA – Potash APR/MAR Diagonal – Closed Profit $82

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 »