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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108.83 (+1.01)

05/26/2010 – ThetaOptions Margin Portfolio – SPY Bullish Spread

In order to ensure that our (mp) portfolio beats the S&P this year, we decided to place a few DEC spreads on the SPY just in case this market finishes the year on a positive note. Earlier this afternoon we sent a trade alert to our members; detailing the trade. Essentially, we entered into DEC Three-Legged Option spread on the SPY. The trade is capable of producing 70% return on investment, and the best part is that we’re not on the hook unless the index falls another 15% or so Read the rest of this entry »

65.23 (+0.90)

05/26/2010 – ThetaOptions IRA Portfolio – IWM Bullish DEC Hedge

The IRA is opening a bullish year end hedge on the Russell Small Cap IWM ETF. We’re placing a DEC Bull Call spread & selling a wide Bull PUT spread to help fund this position. We’re committed to buying the IWM at $50 per shares, that’s about 22% discount from today’s current price of $65. Our actual price would be about $52 per share. Read the rest of this entry »

8.75 (-0.30)

05/25/2010 – ThetaOptions IRA Portfolio – PGH Dividend Play

The IRA has initiated a new position on Pengrowth Energy Trust this morning. Our goal is to collect 10% dividend per year on our stock after we reduce the cost basis to approx $7.75 per share. PGH pays a monthly dividend of around 8 cents per share before Taxes. Read the rest of this entry »

6.95 (-0.03)

04/09/2010 – ThetaOptions IRA Portfolio – Bullish Spread Init

The IRA has initiated a bullish position on Boston Scientific this afternoon after we noticed some unusual option activity on May & August strikes. In addition to purchasing the stock, we also purchased equal amounts of calendar spreads. Read the rest of this entry »