February 26th, 2010. Posted by ThetaTrader
19.21 (+1.05)
03/09/2010 – ThetaOptions Margin Portfolio - Selling More Calls
Wow, up 10% again….right back at 19.20 just like yesterday. Since we succefully knocked out our 500 short shares @ 18.25 yesterday, the (MP) is going to sell (10) MAR 20.0 Calls naked. Read the rest of this entry »
February 25th, 2010. Posted by ThetaTrader
102.80 (-0.50)
02/26/2010 – ThetaOptions Margin Portfolio - DIA PUT Adjusted
Well we didn’t get the morning pullback we were looking for, as the economic data seem to be in-line with expectations. However we manage to see a small pull back starting at 10:03 est. Therefore we decided to sell (2) of our (3) 103 PUTs & then sell (1) 102 PUT in-order to setup a FREE Bear PUT Spread. We’ll let that simmer for awhile!
Filled Orders:
SOLD -2 DIA 100 MAR 10 103 PUT @1.76 credit
SOLD -1 DIA 100 MAR 10 102 PUT @1.35 credit
Position: We have a classic Bear PUT spread at NO cost
Cost Basis:
02/25 – Bought (3) 103 PUTs 1.59 each = $477
02/26 – Sold (2) 103 & (1) 102 = $487
Total Cost basis: $10 credit so far.
February 22nd, 2010. Posted by ThetaTrader
543.36 (+10.03)
03/09/2010 – ThetaOptions Margin Portfolio – BIDU MAR10 Short Closed – $380 Loss
OK, selling naked options becomes way too risky when a stock moves from 380 to 550 in 8-10 weeks. It’s better to take our loss now, rather than adjust this and risk a huge loss. Our mental stop loss on this option was $8; we didn’t want to lose more than $4 and that’s where we’re at this morning.
Filled Order:
BOT +1 BIDU 100 MAR 10 550 CALL @7.90 debit
Position: Closed
Profit/Loss: Sold Call $410 & closed for $790 = $380 loss
February 17th, 2010. Posted by ThetaTrader
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.
February 12th, 2010. Posted by ThetaTrader
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 »