59.41 (+ 0.23)

02/24/2010 – ThetaOptions IRA Portfolio - Morphed into MAR/JUN 65 Calendar Spread

The IRA is taking ONE of our JUNE long position off the table for profit this afternoon.  This will make the position profitable no matter what happens to the stock.  We will continue to sell 65’s short callers against our last JUNE contract if AMED stays within the 55-70 range.  Our overall position has morphed into a Calendar Spread now with no risk & we’ve manage to lock-in a profit of $200 within 3 weeks by risking $1500 from our original diagonal spread. Read the rest of this entry »