April 9th, 2010. Posted by ThetaTrader
6.05 (-0.06)
06/03/2010 – ThetaOptions Margin Portfolio – June PUTs Rolled
The (mp) rolled the June 7 short Puts to the August. It’s hard to say how much farther BSX might fall, but hopefully they find their legs soon. Read the rest of this entry »
April 6th, 2010. Posted by ThetaTrader
108.56 (-1.15)
04/07/2010 – ThetaOptions Margin Portfolio – Short PUTs SOLD – FREE BEAR PUT Spread in-place
We’ll that didn’t happen as planned, but we’ll take it. We sold (3) 107′s for the same price we bought the 108′s for yesterday. We now have (3) FREE $1 BEAR PUT Spreads for next week’s OpEx.
March 23rd, 2010. Posted by ThetaTrader
601.47 (+21.75)
03/23/2010 – ThetaOptions Margin Portfolio – BIDU MAY Position Initiated
Well we dodge the bullet last month by getting out of our MAR 550 Caller before BIDU blasted past it…..this morning GS raised it’s guidance on BIDU to $675, so we felt the time is fairly safe for the (MP) sell another naked caller during the initial excitement today. Hopefully they don’t raise their price target to GooglePlex (a large number) before MAY 21st 
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March 5th, 2010. Posted by ThetaTrader
4.55 (-1.10)
03/19/2010 – ThetaOptions IRA Portfolio – Palm May10 Adjusting Spread – Bearish
Well that didn’t work out so well, our original spread PUTs us in the stock at $5. After PALM’s horrible earnings report last night, I’m not sure PALM will be around next year or not. Therefore we’re going to take our lumps (loss) now & flip this trade into a Bearish spread. I’ll be really disappointed if the stock rises above our hard stops by MAY! 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 »