February 25th, 2010. Posted by ThetaTrader
102.80 (-0.50)
02/26/2010 – ThetaOptions Margin Portfolio - DIA PUT Adjusted
Well we didn’t get the morning pullback we were looking for, as the economic data seem to be in-line with expectations. However we manage to see a small pull back starting at 10:03 est. Therefore we decided to sell (2) of our (3) 103 PUTs & then sell (1) 102 PUT in-order to setup a FREE Bear PUT Spread. We’ll let that simmer for awhile!
Filled Orders:
SOLD -2 DIA 100 MAR 10 103 PUT @1.76 credit
SOLD -1 DIA 100 MAR 10 102 PUT @1.35 credit
Position: We have a classic Bear PUT spread at NO cost
Cost Basis:
02/25 – Bought (3) 103 PUTs 1.59 each = $477
02/26 – Sold (2) 103 & (1) 102 = $487
Total Cost basis: $10 credit so far.
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November 25th, 2009. Posted by ThetaTrader
<<Initial Trade
01/15/2010 – ThetaOptions IRA Portfolio - DIA JAN10 Spread CLOSED – Profit $204
We’ll we finally made it to JAN10 OpEx & it turned out those 92/101 Bull Call Spreads we had were worth the FULL $9. We existed that portion of trade (8) weeks ago for $8 credit and kept pressing our DIA PUTs up in hopes of a market correction by JAN10; obviously that never happened. However, this trade illustrates how we were able to keep the entire trade profitable while taking a bearish stance on the market’s nonsense. Overall, we’re happy with the results on this one.
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October 19th, 2009. Posted by ThetaTrader
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10/19/2009 – ThetaOptions IRA Portfolio – DIA Position Initiated
Today we have initiated the first part of our DIA position within the IRA portfolio. The goal is to collect Theta and minimize the total risk of the trade. This trade will give us 10% downside protection. Read the rest of this entry »
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