Radio Shack APR10 Short Call

Radio Shack – APR10 Short Calls – Closed Profit $105

March 26th, 2010. Posted by ThetaTrader

22.59 (-1.05)

03/29/2010 – ThetaOptions MarginPortfolio – RSH APR10 Calls Closed – Profit $105

The (MP) has closed down our Radio Shack Short position from last Friday….We sold (3) calls naked for 0.60 each during the morning run-up & bought them back ONE day later for $105 profit. Read the rest of this entry »

IRA – Potash APR/MAR Diagonal – Closed Profit $82

March 12th, 2010. Posted by ThetaTrader

121.86 (-1.02)

03/19/2010 – ThetaOptions IRA Portfolio – Potash Diagonal Closed – Profit $82

The IRA has closed our Potash Diagonal for a quick profit of $82.  Since we had $625 at risk, our rate of return was 13% over  seven days on this trade.  We would have made a little bit more had POTash finished at $125 today, but we’re not complaining. Read the rest of this entry »

United Airlines MAR10 Short – Closed $410 Profit

February 26th, 2010. Posted by ThetaTrader

19.16 (-0.50)

03/19/2010 – ThetaOptions Margin Portfolio - Closing Positions – Profit $410

The (MP) is closing down ALL MAR UAUA short call options during the morning pull back, although we have a funny suspicious that WS (Wall Street or Market Makers) might keep it below or at 19 by the end of today, and we’re not taking any chances with our profits at this point in the game. Read the rest of this entry »

DIA MAR10 Overnight PUT Trade – Expires Worthless

February 25th, 2010. Posted by ThetaTrader

107.34 (-0.61)

03/19/2010 – ThetaOptions Margin Portfolio - DIA PUT Spread Expires Worthless

Our FREE Bear PUT spread will expire worthless today.  It turns out we should have bought the 105’s for .25 or so when we had the chance….we honestly didn’t think the market would rise 5% this month…..but I guess anything is possible when Goldman Sachs is in total control of the market. You just can’t bet against their trading engines why they’re programmed to BUY,BUY,BUY or at least told NOT to SELL, SELL, SELL….at least not yet :-) GS needs to pump this market up while they buy the PUT protection in-order to assign stocks to all those suckers!

First Solar MAR10 Naked Put – Closed $450 Profit

February 24th, 2010. Posted by ThetaTrader

115.45 (+1.76)

03/12/2010 – ThetaOptions Margin Portfolio – Closing Positions – Profit $450

We let this trade run until the PUTs were basically worthless before buying them back. It turns out, the day we sold those second rounds of PUTs was the last time the stock ventured below $100. We booked 10% profit off the margin consumed to make this trade happen. Read the rest of this entry »