December 2nd, 2009. Posted by ThetaTrader
12/02/2009 – ThetaOptions Margin Portfolio – AMZN Naked Call Sell
The madness just won’t stop; AMZN up 50% in one month; please! We’re going to sell one naked caller for the month of DEC in our Margin Account.
Order:
Sell To Open: (1) Dec 145 Call – $3.25 Credit
Position: Requires $3000 in margin.
November 30th, 2009. Posted by ThetaTrader
11/30/2009 – ThetaOptions IRA Portfolio – AMZN Diagonal Initiated
We’re going to attempt another diagonal options trade on AMAZON for the month of December. However, this time we’re going to place the order in our IRA account. We know from last month that we can make $50 profit if AMZN finishes at $135. Of course we would rather see it finish at 130. Read the rest of this entry »
November 20th, 2009. Posted by ThetaTrader
11/20/2009 - ThetaOptions Margin Portfolio – AMZN CLOSED – Profit $90
Finally our persistence paid off. One of our diagonals we opened last week paid off pretty well today & we were able to buy back our “naked caller” for $14. Remember we sold the 120 caller for $9 & we rec’d $240 for the original “Bear Call Spread” ….so that part of the trade was a $260 loss; which we knew up front. However the diagonals we placed manage to turn the entire trade into a profitable one.
Nov/Dec 09:
Buy To Close: (1) 115 NOV “Naked” Call – $14.00 debit : Loss $260 on the Bear Call Spread
Sell To Close: (2) 130/135 NOV/DEC Call Side Diagonal – $2.60 credit : Profit $175 each
Sell To Close: (2) 130/135 NOV/DEC Call Side Diagonal – $0.75 credit : Broke Even
Current Position: None
Overall Trade: This trade took a turn for the worse, but we manage to hang around long enough to squeak out a small profit. We tried to buy back the 115 caller for $11 after selling the $120, but that order never filled. It still HARD to belive that AMZN can hold onto it’s 40% gain, that’s truly remarkable. We might open new position on them soon.
November 12th, 2009. Posted by ThetaTrader
11/12/2009 - ThetaOptions Margin Portfolio – AMZN Adjustment
It’s tough, but we need to continue selling premium on AMZN, therefore we’re buying TWO more diagonals.
Nov/Dec 09:
Buy To Open: (2) 130/135 NOV/DEC Call Side Diagonal – $0.85 debit
Note: The trade now requires $6000 of margin, $4000 from our on a naked 115 short call.
Current Position:
November 10th, 2009. Posted by ThetaTrader
11/10/2009 - ThetaOptions Margin Portfolio – AMZN Adjustment
AMZN seems to be topping out at 128, so we’re going to sell our 120 & run naked on the 115 short caller for 3-5 days. At this time, we will place an order to buy back the 115 short call for $11.00 GTC. Our (2) diagonal’s are still running strong. Our Theta value is now $20 per day!
Nov 09:
Sell to Close: (1) 115 NOV Call – $9.00 credit
Note: The trade now requires $5000 of margin on a naked 115 short call.
Current Position:
