Alcoa Leap/Diagonal

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 »

Alcoa – JAN Short Position – CLOSED

December 22nd, 2009. Posted by ThetaTrader

01/12/2010 – Margin Portfolio – Alcoa Position CLOSED – Profit $223

Well looks like Alcoa disappointed investors with their earnings report yesterday.  Of course, a 10% decline in the stock price today doesn’t really matter too much after it ran UP 15% before earnings anyhow.   Needless to say, we closed down the entire position this morning after buying back the short calls for 0.02 debit. Read the rest of this entry »