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Here's Thursday's (7/15) action first:
- Sold 3 (of 4) GOOG Jul-500c @ 8.70 near EOD - not real hopeful of earnings upside but kept 1 call on hand for it (up 5.68, +188%).
- Sold 20 TBT Jul-36p @ 0.17 (-55% - in hindsight, this cash-in was premature, and a good hedge against poor GOOG earnings and a down Friday was lost ....)
- Day traded 10 QQQQ Jul-45c (in at 0.44 out at 0.74, +68%)
Friday's Expiry list: (all of these are -100%)
GOOG: 1 x 500c (-3.02), 2 x 540c (-1.85), 8 x 560c (-2.03)
LEN: 6 x 15c (-0.79)
TBT: 10 x 37c (-0.69), 10 x 34p (-0.12)
$302 + 370 + 1624 + 474 + 690 + 120 = 3,580 total loss.
Action items: roll -10 TBT 40p to August. Clear out NSM near EOD, if over 14.
- Bought 10 TBT Aug-32p at 0.20 (so I can roll my short put position)
ReplyDelete- Rolled -10 TBT Jul-40p to Aug-40p, net debit 0.11 (4.33/4.44)
- Allowed NSM Jul-14c to be automatically exercised. I like the sector and this stock specifically as a LTH. They just upped their dividend 25%, which has been moving in the right direction for the last five years. Since these were bought a 0.45 and the stock closed at 14.07, this was a 0.38 loss (-84%)
Mon 7/19: Typical post-expiration thought collection, reflection, and strategy day.
ReplyDeleteWeekend reading taught me the only thing to worry about is deflation, so naturally, being the contrarian to the media-meme-du-jour, I'm bullish on interest rates (but have enough positions to cover it so will let it ride for now).
Some currency moves:
- sold 4 of 6 FXE Sep-125c for 5.25 (up 3.46, +193%, bought on 6/4/10). This was a euro 'bounce' play after the Greek and PIIGS (non)-disaster. Keeping two around for continued upside on the Euro, but feel the position has mostly played out.
- picked up 6 FXY Sep-113p at 1.80. When FXY spikes up to or over 115 it can sell off sharply (check out Dec 2009). Worth a shot.
- couldn't resist bottom feeding: 15 BAC Sep-15c at 0.34
ReplyDelete(7/19 con't) - rolled 35 TBT Aug-40c to Sept-40c for net debit 0.26 (buy @ 0.36/ sell @ 0.10). The Aug-40c represent a 0.23 aggregate loss (-70%, and 10 of the August's were a roll from Jul-39c that had lost 0.52 down to 0.03, though this loss is previously reflected).
ReplyDeletethe last trade had a commission of $77.77. That's way too high. Time to reactivate Interacive Brokers...
ReplyDelete7/20 - in my LT portfolio, picked up 3 ATPG Jan12-20c at 1.60.
ReplyDelete7/22 trading
ReplyDelete- Rolled TBT Aug-44c down to 40c for net 10c debit (0.12/0.02). The 44's are down from 0.15 (bought 6/28, -0.13, -87%).
- Bought protective short term puts, 5 DIA Aug-99p @ 1.12. Since today was a big market up-day (so far), it feels like I'm getting them at a discount.
7/26 - market rolling along nicely. DOW now at 10,500. Protective roll: DIA Aug-98p to Aug-105p for net debit 1.71 (2.19/0.48). Aug-98p down from net basis 2.27 (1.79, -79%).
ReplyDelete7/27 - TBT up nicely over the past week. Originally I was in a bear put spread (because OPXS won't let me sell naked short in a ret. account) that was -10 TBT Aug-40p / 10 TBT Aug-32p. Today, the 32p was adjusted up to the 37p for net debit 0.83 (0.92/0.09), so now the spread is a 40/37 one, instead of 40/32. The loss on the 32p (0.20 - 0.09 = 0.11) will be added to the basis of the new put position, for a total of 1.03 (0.92 + 0.11).
ReplyDelete7/30 - TBT off about a buck today (from 37 down to 36). Took an opportunity to roll 10 TBT 37p (protection in a 40/37p bull put spread, I said 'bear' put spread above, which is wrong, this is a bullish play). The 37p was rolled down to the 35p for net credit 1.03 (1.63/0.60). This essentially gives me a basis of exactly zero on the 35p (and the 4.44 on the short 40p remains).
ReplyDelete