Options Trading Now

BAC Options Trading

noreply@blogger.com (Options Trading Now) — Thu, 27 Jan 2011 18:15:00 +0000

Closed BAC January 28 2011 14 put @ .46

Bought BAC February 14 2011 13 put @ .18

BAC Options Trading

noreply@blogger.com (Options Trading Now) — Thu, 20 Jan 2011 17:20:00 +0000

Bought BAC January 28 2011 put @ .25

SPY and BAC Options Trading

noreply@blogger.com (Options Trading Now) — Thu, 20 Jan 2011 15:00:00 +0000

Closed SPY January 22 2011 129 put @ 1.5

Closed BAC January 22 2011 14 put @ .28

Bought SPY January 28 2011 128 put @ 1.35

SPY Options Trading

noreply@blogger.com (Options Trading Now) — Tue, 18 Jan 2011 15:13:00 +0000

Bought SPY January 22 2011 129 put @ .62

C Options Trading

noreply@blogger.com (Options Trading Now) — Wed, 12 Jan 2011 19:07:00 +0000

Bought C January 14 2011 5 put @ .04

BAC Options Trading

noreply@blogger.com (Options Trading Now) — Mon, 10 Jan 2011 15:01:00 +0000

Bought BAC January 22 2011 14 put @ .29

BAC Options Trading

noreply@blogger.com (Options Trading Now) — Fri, 07 Jan 2011 18:07:00 +0000

Closed BAC January 7 2011 14 put @ .08

BAC Options Trading

noreply@blogger.com (Options Trading Now) — Mon, 03 Jan 2011 15:05:00 +0000

Bought BAC January 7 2011 14 put @ .25

Closed SPY

noreply@blogger.com (Options Trading Now) — Fri, 17 Dec 2010 15:17:00 +0000

Closed SPY Dec 31 2010 124 put @ 1.35

SPY Options Trading

noreply@blogger.com (Options Trading Now) — Fri, 17 Dec 2010 14:51:00 +0000

Bought SPY Dec 31 2010 124 put @ 1.35

Closed C

noreply@blogger.com (Options Trading Now) — Fri, 17 Dec 2010 14:45:00 +0000

Closed C Dec 18 4.5 puts @ .01

C Options Trading

noreply@blogger.com (Options Trading Now) — Wed, 15 Dec 2010 20:27:00 +0000

Financials might get hit fast because of Europe.

Bought C Dec 18 2010 4.5 put @ .02

SPY Options Trading

noreply@blogger.com (Options Trading Now) — Tue, 14 Dec 2010 14:32:00 +0000

I decided to close the SPY puts I just purchased.

Closed SPY Dec 18 2010 124 put @ .86

SPY Options Trading

noreply@blogger.com (Options Trading Now) — Mon, 13 Dec 2010 21:01:00 +0000

Bought SPY Dec 18 2010 124 put @ .80

I don't believe November retail sales will be as great as the market is expecting.

C Options Trading

noreply@blogger.com (Options Trading Now) — Tue, 07 Dec 2010 18:41:00 +0000

Bought C December 18 2010 4.50 put @ .06

Options Trading

noreply@blogger.com (Options Trading Now) — Thu, 02 Dec 2010 20:55:00 +0000

I believe traders' expectations for tomorrow's jobs report are too high. So, I decided to throw a bit of good money after bad.

Bought SPY Dec 10 2010 124 put @ 2.00

BAC Options Trading

noreply@blogger.com (Options Trading Now) — Wed, 01 Dec 2010 20:54:00 +0000

Bought BAC December 03 2010 11 put @ .05

Options Trading

noreply@blogger.com (Options Trading Now) — Wed, 01 Dec 2010 14:39:00 +0000

I decided to buy a few puts for this week as I think the runup today was ridiculous.

Bought SPY December 03 2010 121 put @ .99

Bought QQQQ December 03 2010 54 put @ .90

SPY and QQQQ Options Trading

noreply@blogger.com (Options Trading Now) — Wed, 17 Nov 2010 20:52:00 +0000

Closed SPY November 20 2010 124 put @ 6

Closed QQQQ November 20 2010 55 put @ 3.46

Gamble on C puts

noreply@blogger.com (Options Trading Now) — Tue, 09 Nov 2010 19:05:00 +0000

I decided to take a gamble by putting a very small amount of money on near-term, out-of-the-money C puts.

Bought C Nov 20 2010 4 put @ 0.01

Options Trading

noreply@blogger.com (Options Trading Now) — Thu, 04 Nov 2010 17:14:00 +0000

Alright, let's try this again.

Bought SPY November 20 2010 124 put @ 2.89

Bought QQQQ November 20 2010 55 put @ 1.59

Options Trading Recap

noreply@blogger.com (Options Trading Now) — Fri, 02 Jul 2010 19:24:00 +0000

The gains for July options were indeed excellent.

All numbers are rounded to the nearest percent.

Profit or loss = (selling price - $0.75 per option contract) / (buying price + $0.75 per option contract) - starting principal (100%)

I earned a 11.1925/3.9075 - 100% = 186% profit on the SPG July 2010 90 put

I earned a 7.1525/2.3575 - 100% = 203% profit on the SLG July 2010 60 put

I earned a 10.2675/3.7075 - 100% = 177% profit on the BXP July 2010 80 put

I earned a 3.0925/1.4075 - 100% = 120% profit on the MAC July 2010 40 put

I earned a 4.6025/1.2975 - 100% = 255% profit on the QQQQ July 2010 47 put

186% + 203% + 177% + 120% + 255% = 941%/5 options = 188% profit

Cumulative effect = previous cumulative effect (156%) + 188% = 344% of original amount

I do not currently have any open positions.

Options Trading

noreply@blogger.com (Options Trading Now) — Fri, 02 Jul 2010 19:00:00 +0000

Closed SPG July 2010 90 put @ 11.20

Closed SLG July 2010 60 put @ 7.16

Closed BXP July 2010 80 put @ 10.27

Closed MAC July 2010 40 put @ 3.1

Closed QQQQ July 2010 47 put @ 4.61

Site Update

noreply@blogger.com (Options Trading Now) — Tue, 22 Jun 2010 23:27:00 +0000

I decided to switch to a more search engine friendly URL address. The old URL will redirect here.

Options Trading Recap

noreply@blogger.com (Options Trading Now) — Fri, 18 Jun 2010 15:10:00 +0000

These last two weeks were brutal for my open positions. The market's resilience surprised me. Nearly every piece of news this week was negative, but the market was still able to climb and hold onto much of its gains. Bestbuy missed, FedEx warned, housing starts and building permits plummeted, Greece's debt was downgraded to junk, and jobless claims came in much worse than expected. The previous two weeks saw retail sales contracting and a pathetically low number of jobs added by the private sector.

The only consolation is that the gains for July options should be excellent. REITs are still sitting near their 52-week highs. I do not believe that will last long.

All numbers are rounded to the nearest percent.

Profit or loss = (selling price - $0.75 per option contract) / (buying price + $0.75 per option contract) - starting principal (100%)

Original positions:

I earned a 3.4125/2.4075 - 100% = 42% profit on the HD Jun 2010 35 put

I earned a 5.1925/3.8575 - 100% = 35% profit on the QQQQ Jun 2010 49 put

I earned a 5.9925/4.1075 - 100% = 46% profit on the COF Jun 2010 44 put

I earned a 4.0925/3.1575 - 100% = 30% profit on the BAC Jun 2010 19 put

I incurred a 1.5925/2.2075 - 100% = 28% loss on the F Jun 2010 13 put

I incurred a 100% loss on the C Jun 2010 3 put

I incurred a .0625/.2675 = 77% loss on the C Jun 2010 4 put

42 + 35 + 46 + 30 - 28 - 100 - 77 = -52/ 7 options = 7% loss

Newer positions:

I incurred a 1.2625/1.9775 = 36% loss on the BAC Jun 2010 17 put

I incurred a 1.4525/1.5975 = 9% loss on the HD Jun 2010 33 put

I incurred a 100% loss on the COF Jun 2010 41 put

I incurred a 100% loss on the QQQQ Jun 19 2010 46 put

I was still holding F Jun 2010 13 put, C June 2010 4 put, and C Jun 2010 3 put at the time. Each had a 1/7 share.

-36 - 9 - 100 - 100 = -245/ 7 options = 35% loss

Total Net Loss = 42%

Cumulative effect = previous cumulative effect (198%) - 42% = 156%