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October 24, 2012

SPX Oct4 Bull Put spread

Sell Oct4 W 1385 Put
Buy Oct4 W 1380 Put

Credit: .30¢
Margin: $4.70

Order:

Risk Profile:

Update 10/26/12:

This credit spread expired worthless or 7.52% return on risk.


October 23, 2012

NFLX Oct4 Iron Condor

NFLX EARNINGS 10/23/12 AFTER MARKET CLOSE

Sell Oct4 W 80 call
Buy Oct4 W 85 call
Sell Oct4 W 55 put
Buy Oct4 W 50 put

Credit: 1.10
Margin: 3.90

Risk Profile:

Order:


Update 10/24/12:

This position was closed for .80¢ profit or 20.51% ROR





October 18, 2012

RUT Oct4/Nov Calendar

Sell RUT Oct4 840 Call
Buy RUT Nov 840 Call

Margin: 7.80 per contract

Risk Profile:

Order:

Game Plan:
  • Profit target: 1.15 per contract 
  • Max loss: 1.20 per contract
Update 10/19/12:

Buying Oct4/Nov 825 call calendar to turn this position into a double calendar:

  • Margin: 15.80 per contract 
  • Profit target: 2.35 per contract
  • Max loss: 2.50 per contract

Update 10/23/12:

This trade was stopped out for -2.50 or -15.82% ROR



October 11, 2012

RUT Oct/Nov Calendar

Sell RUT Oct'12 830 call
Buy RUT Nov'12 830 call

Margin: 10.05 per contract

Risk Profile:

Order:

Game Plan:
  • Profit target: 15% of margin (150)
  • Max loss: 15-20% of margin (150-200)
Update: 10/16/2012

Exited for +1.15 gain or 11.44% profit



October 10, 2012

SPX Oct'2 Bull Put Spread

Sell Oct'2 SPX 1420 put
Buy Oct'2 SPX 1415 put

Credit: .60¢ per contract
Margin: $4.40 per contract

Risk Profile:

Order:

Game Plan:
  • Profit Target: .50¢
  • Max Risk: .50¢
Update 10/11/2012:

Exited out for .20¢ debit or .40¢ profit (9.09%)



October 8, 2012

RUT Oct'2 ButterFly

Sell RUT Oct'2 840 Call
Buy RUT Oct'2 845 Call
Sell RUT Oct'2 840 Put
Buy RUT Oct'2 830 Call

Margin: 4.10 per contract

Risk Profile:

Game Plan:

  • Portfolio: 50,000
  • Max Risk: 2% per trade (1,000)
  • Profit Target: 15% of margin (.60¢)
  • Max Loss: 15-20% of margin (.60-.80¢)
Order:


Update 10/9/2012:

Got stopped out -.70¢ or -17.07% return


October 4, 2012

RUT Oct'2/Oct Calendar

Sell RUT Oct'2 840 call
Buy RUT Oct 840 call

Margin: 3.20 per contract

Risk Profile:

Game Plan:

  • Portfolio: 50,000
  • Max Risk: 2% per trade (1,000)
  • Profit Target: 10-15% or margin (.45¢)
  • Max Loss: 15% of margin (.50¢)
Order:


Update: 10/5/2012

P/L shows .25¢ gain so far per contract. Will look to exit early next week.


Update: 10/8/2012

This trade closed for .50¢ gain or 15.62% return.

October 1, 2012

AAPL Oct1/Oct Call Calendar

Sell AAPL Oct'1 665 Call
Buy AAPL Oct 665 Call

Margin: 9.05 per contract

Risk Profile:

Game Plan:

  • Portfolio: 50,000
  • Max Risk: 2% per trade or 1,000
  • Target Profit: 15% of margin or 1.35
  • Max Loss: 15-18% of margin or 1.40-1.60
Order:

Note: This trade was entered with AAPL trading around 665.

Update: 10/2/2012

This trade was closed for 9.71 credit (+.66¢) or +7.29% return