December 14th, 2009. Posted by ThetaTrader
12/14/2009 – ThetaOptions IRA Portfolio - AMZN Diagonal Closed – Profit $200
After (14) days, we were able to close down the Amazon Diagonal for $200 profit or 40% risk\reward return on investment in TWO weeks within an IRA account; that’s not too bad considering we rec’d $10 credit to start the trade off. Obviously, we were fairly bearish on AMZN when we placed the order. Read the rest of this entry »
December 11th, 2009. Posted by ThetaTrader
12/11/2009 – ThetaOptions Margin Portfolio – Trade “CLOSED” – Profit $360
Wow, that was fun. We finally closed down the entire AMZN “Naked” Call trade that started off 9 days ago (12/02/2009) for a nice profit. Now Santa can drop ship some gifts from his Elf factory @ Amazon.com 
December 8th, 2009. Posted by ThetaTrader
12/08/2009 - ThetaOptions Margin Portfolio – AMZN Wide Short Strangle Adjustment 1
Like I said, we’re more concerned about Amazon falling back to 100 than we are about anything else. Therefore, we’re going to purchase a JAN10 vertical PUT in-order to achieve a wider profit range. Of course this will take away from our total profit, but I don’t want the Ghost of Christmas Past to visit us over the holidays
Order:
Buy To Open: (1) AMZN JAN 110/100 Vertical PUT Spread – $0.58 debit
GTC order:
Buy To Close: (1) JAN 10 100 PUT – 0.10 debit (We have a standing order to buy back the short PUT!)
Position:
December 4th, 2009. Posted by ThetaTrader
01/05/2009 - ThetaOptions Margin Portfolio – AMZN Strangle CLOSED – Profit $282
We decided to close the AMZN strangle now and forgo the last $20 of profit. There’s no sense waiting 5 more days to collect $20 when we know we’re going to be assigned the PUT & CALL.
Filled Order:
BOT +1 STRANGLE AMZN 100 JAN 10 110/150 CALL/PUT @40.40 debit
Profit Calc:
Position: We’ll let the 110 PUT expire worthless
December 3rd, 2009. Posted by ThetaTrader
12/03/2009 – ThetaOptions Margin Portfolio – AMZN Naked Call Sell
Ok, we really need to stop the pain here! We’re going to sell another naked caller for the month of DEC in order to decrease our cost basis and protect the trade to the upside. However, this time we’re going to add a little protection with (2) butterflies. We may add another one next week as well.
Order:
Sell To Open: (1) Dec 145 Call – $5.25 Credit
Buy To Open: (2) Dec 150/155/160 Call Side Butterfly – $0.59 debit
Position: Requires $7000 margin now.
Below is our maximum loss line; hopefully AMZN doesn’t cross it….but that would equate to a 75% increase in the stock price within 7-8 weeks. Now does that really make sense to anybody?
************************** Day Trade Update – 2:33 EST ********************************
We bought back the (1) short caller for $3.25 ($200 profit). Our Cost basis is now $4.25 on the (1) short caller & our margin went back down to $3000. We only need (1) butterfly, so we’ll probably sell it next Monday.
Position:
