Apple July10 Strangle

January 29th, 2010. Posted by ThetaTrader

224.38 (+1.24)

03/09/2010 – ThetaOptions Margin Portfolio - Apple July10 Strangle Adjusted

The (MP) has decided to adjust this spread into a bullish back/ratio.  Later on we’ll change it into a spread butterfly with the sweet spot between 250-260.  Hopefully APPLE finishes near 260 by JULY.

Filled Order:

BOT +1 VERTICAL AAPL 100 JUL 10 230/250 CALL @7.00 debit

Position: Delta neutral w positive Theta

Trade Note: We collected $618 to init the trade, now we’re spending $7 for the bullish adjustment.

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Apple FEB10 Strangle – Profit $400

January 7th, 2010. Posted by ThetaTrader

195.40 (-0.80)

02/10/2010 – ThetaOptions Margin Portfolio – Apple Strangle CLOSED – Profit $400

The (MP) bought back the Apple FEB short PUT for 0.17 debit.  This concludes our FEB strangle on Apple. Profit $400 in (4) weeks. Read the rest of this entry »

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