19.16 (-0.50)

03/19/2010 – ThetaOptions Margin Portfolio - Closing Positions – Profit $410

The (MP) is closing down ALL MAR UAUA short call options during the morning pull back, although we have a funny suspicious that WS (Wall Street or Market Makers) might keep it below or at 19 by the end of today, and we’re not taking any chances with our profits at this point in the game. Read the rest of this entry »

107.34 (-0.61)

03/19/2010 – ThetaOptions Margin Portfolio - DIA PUT Spread Expires Worthless

Our FREE Bear PUT spread will expire worthless today.  It turns out we should have bought the 105′s for .25 or so when we had the chance….we honestly didn’t think the market would rise 5% this month…..but I guess anything is possible when Goldman Sachs is in total control of the market. You just can’t bet against their trading engines why they’re programmed to BUY,BUY,BUY or at least told NOT to SELL, SELL, SELL….at least not yet GS needs to pump this market up while they buy the PUT protection in-order to assign stocks to all those suckers!

115.45 (+1.76)

03/12/2010 – ThetaOptions Margin Portfolio – Closing Positions – Profit $450

We let this trade run until the PUTs were basically worthless before buying them back. It turns out, the day we sold those second rounds of PUTs was the last time the stock ventured below $100. We booked 10% profit off the margin consumed to make this trade happen. Read the rest of this entry »

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

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.

Read the rest of this entry »