121.86 (-1.02)

03/19/2010 – ThetaOptions IRA Portfolio – Potash Diagonal Closed – Profit $82

The IRA has closed our Potash Diagonal for a quick profit of $82.  Since we had $625 at risk, our rate of return was 13% over  seven days on this trade.  We would have made a little bit more had POTash finished at $125 today, but we’re not complaining. Read the rest of this entry »

105.11  (-4.40)

01/28/2010 – ThetaOptions IRA Portfolio – Potash FEB/MAR Diagonal CLOSED – $5

Potash is selling off today after their reported earnings miss, therefore our diagonal we placed (14) days ago isn’t going to be profitable.  Rather than risk $500 to break-even on this trade; we decided to shut it down now.  Our total loss on the trade was $5 & unfortunately  it counts against our profitable track record Read the rest of this entry »

01/13/2010 – ThetaOptions Margin Portfolio - POTash CLOSED Profit $475

We decided to give up on our day order we placed this morning and close down the (2) diagonals in order to preserve our profits.  This trade had Risk/Reward profit of about 7.5% within (8) days. Read the rest of this entry »

Initial trade>>

12/15/2009 – ThetaOptions IRA Portfolio – DEC/JAN Potash Diagonal Closed - Profit $170

Our Potash Diagonal has changed to “Positive” delta this morning on a position we’re extremely bearish on.  Therefore, we’re losing money now as we continue to hold the spread. As a result we’ve decided to close the trade this morning, even though we have a high Theta value on the spread and it is possible that Potash could finish right at 120 by OpEx day; we feel it is not worth risking our high profit margin at this point. Read the rest of this entry »

Closing Trade>>

12/02/2009 – ThetaOptions IRA Portfolio – Potash Diagonal

We’re going to open another diagonal on Potash this month. Hopefully we can cash in this time! Read the rest of this entry »