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November 28, 2012

SPX Nov5'12 Bear Call spread

Sell Nov5 1420 call
Buy Nov5 1425 call
Credit: .40¢
Margin: $4.60
Return: 8.69%
Filled: .40¢ and .65¢ Cost: .525¢

Risk Profile:


Update: 11/29/12

S&P continues to attempt to rally and any bit of news from Washington can send SPX one way or the other. We still holding our 1420/1425 Bear Call spread, using S&P E-mini futures can help hedge overnight risk (GAP UP).

Update: 11/30/12

Closed 1/2 position for .30¢ debit or 5.02% Return
Closed the rest for .25¢ debit. Total .25¢ gain or 5.58% Return

November 15, 2012

SPXPM Nov'12 Bull Put spread

Sell Nov'12 1330 put
Buy Nov'12 1325 put
Credit: .25-.30
Margin: 4.75-4.70
Return: 5.25-6.38%

Risk Profile:


Note: This is monthly SPXPM - PM settled index option. This option expires on Friday 4:00PM EST  NOT on Thursday. For more info on SPXPM click here. 

11/15/12 Update:
We got filled at .25 and .35 so cost is .30¢

November 14, 2012

SPX Nov'12 Bull Put Spread

Sell Nov'12 1340 Put
Buy Nov'12 1335 Put

Credit: .30¢
Margin: $4.70
ROR: 6.38%

Risk Profile:


Note: These are MONTHLY options that expire on Thursday 4:15EST and settled on Friday on the open.

11/15/12 Update:

We filled this order for a credit of .40¢ to open and a debit of .10¢ to close or 6.52% Return on margin.

November 7, 2012

SPX Nov2 Bull Put Spread

Sell Nov2 1355 Put
Buy Nov2 1350 Put

Credit: .30¢
Margin: 4.70 per contract
ROR: 6.38%

Risk Profile: