March 5th, 2010. Posted by ThetaTrader
5.74 (-0.21)
03/05/2010 – ThetaOptions IRA Portfolio – Palm May10 Initiated
The IRA portfolio has initiated a “3″ legged option spread on PALM for the month of May, our hopes is that the stock maintains this level or slowly begins to rise over the next few months to finish above our Bull Call Spread. Of course, we’re paying for this spread by selling PUTs. Read the rest of this entry »
February 26th, 2010. Posted by ThetaTrader
17.80 (-0.25)
03/02/2010 – ThetaOptions Margin Portfolio - UAUA MAR10 Back/Ratio
The (MP) is initiating a PUT Back/ratio in-order increase our Theta collection while leveraging our short shares. Our daily Theta decay is now $90 per day, hopefully the MAR short position becomes profitable soon with the help of Theta and some solid resistance at 18.50 Read the rest of this entry »
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.
February 24th, 2010. Posted by ThetaTrader
99.66 (-5.45)
02/25/2010 – ThetaOptions Margin Portfolio – Adjusting MAR10 Position
First Solar is tkaing another pounding this morning, it’s already down %5 this morning. That brings us down from 126-99 since earnings last week. Can you imagine how the professional analysis might feel right now after upgrading FSLR right before the earnings announcement last week. Anyhow, we’re selling some more naked PUTs down here today. FSLR will find its MARCH support level soon enough, hopefully it’s above our strike pattern 
Read the rest of this entry »
February 23rd, 2010. Posted by ThetaTrader
17.50 (-0.28)
02/23/2010 – ThetaOptions IRA Portfolio - VLO JAN11 Dividend Position Inititiated
The IRA Portfolio is going to initiate a small dividend play on VLO today buy purchasing the stock @ 17.50 and selling the JAN11 LEAP. If the stock continues to drop, we will convert this position into a Buy/Write by selling the JAN11 15 PUT for credit. If VLO finishes the year above 17.50, then the trade will make 15%. In addition, we have approx 15% downside protection until we began to accumulate a loss. Once again, this is the power of using options within a portfolio to increase your profit & reduce the risk. Read the rest of this entry »