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 »
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 »