First Solar JUN10 Strangle

First Solar JUN 2010 Strangle

May 27th, 2010. Posted by ThetaTrader

113.13 (+2.78)

05/27/2010 – ThetaOptions Margin Portfolio – FSLR JUN 2010 Strangle Initiated

The Margin Portfolio has issued a JUNE Strangle on First Solar again. This trade consumes about $1400 in margin & is capable of making 15% in 3 weeks.
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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 »

First Solar FEB 2010 Strangle – Profit $248

January 5th, 2010. Posted by ThetaTrader

125.44 (+1.22)

02/18/2010 – ThetaOptions Margin Portfolio – FEB FSLR Strangle Closed

There no sense waiting for the earnings report tonight, so the (MP) decided to buy back the short PUTs now. Although we seriously doubt the stock will drop below $90 tomorrow :-) We original opened this wide strangle for $300 credit & made one adjustment a few weeks ago. Read the rest of this entry »

First Solar Strangle – CLOSED

December 8th, 2009. Posted by ThetaTrader

01/06/2010 – ThetaOptions Margin Portfolio - Trade CLOSED – Profit $235

Once again with only $20 left to collect after we deduct the assignment fees; we’ve deciced to free up the margin & close down this trade now for $235 profit.

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