JW,
Nice call!
I admire your gutsiness buying front month options one week before expiration.
Jeff
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
A newbie's index option journal
- Thread starter JLB123
- Start date
JW,
Nice call!
I admire your gutsiness buying front month options one week before expiration.
Jeff
2007-05-16 JW Trading Activity :
It was a little painful adding all these positions over the past few days. As SFBER's expiration approaches, I'm happy to close it at a good price. However, model indicated to open another position today so I sort of rolled the position into June 148 Call. Hope they will work out in the next few days.
Closed position: SFBER - SPY May 148 Call @ 3.60, +60%
2007-05 month to date return : 4.63%
2007 year to date return : 21.61%
vs. 2007 year to date SPY (S&P500) return : 7.05%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.18
Trailing 12 Month Model Alpha (Annualized) : 53.14%
Initiated long position with SFBFR - SPY June 148 CALL @ 5.10.
Open position: 4
It was a little painful adding all these positions over the past few days. As SFBER's expiration approaches, I'm happy to close it at a good price. However, model indicated to open another position today so I sort of rolled the position into June 148 Call. Hope they will work out in the next few days.
Closed position: SFBER - SPY May 148 Call @ 3.60, +60%
2007-05 month to date return : 4.63%
2007 year to date return : 21.61%
vs. 2007 year to date SPY (S&P500) return : 7.05%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.18
Trailing 12 Month Model Alpha (Annualized) : 53.14%
Initiated long position with SFBFR - SPY June 148 CALL @ 5.10.
Open position: 4
Attachments
2007-05-17 JW Trading Activity :
Closed another position and took some money off the table. OptionXpress uses 'last in, first out' method for calculating PnL. So I will do the same to keep the record consistant.
Closed position: SFBFQ - SPY June 147 Call @ 5.50, +7.84%
2007-05 month to date return : 5.69%
2007 year to date model return : 22.96%
vs. 2007 year to date SPY (S&P500) return : 6.84%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.19
Trailing 12 Month Model Alpha (Annualized) : 59.81%
Open position: 3
Closed another position and took some money off the table. OptionXpress uses 'last in, first out' method for calculating PnL. So I will do the same to keep the record consistant.
Closed position: SFBFQ - SPY June 147 Call @ 5.50, +7.84%
2007-05 month to date return : 5.69%
2007 year to date model return : 22.96%
vs. 2007 year to date SPY (S&P500) return : 6.84%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.19
Trailing 12 Month Model Alpha (Annualized) : 59.81%
Open position: 3
Attachments
2007-05-18 JW Trading Activity :
Sold everything and back to 100% cash. Trading result so far is pretty consistant with the model baseline. Rather than close the positions myself, I placed the sell orders as "Sell At Market Close" because I had to attend a meeting. But it turned out that SFBFQ had a higher ending bid/ask price than my selling price. So I guess somebody took a spread on me? Oh well, other than that, it has been a good week.
Closed position: SFBFQ - SPY June 147 Call @ 6.40, +23.1%
Closed position: SFBFQ - SPY June 147 Call @ 6.40, +16.4%
Closed position: SFBFR - SPY June 148 Call @ 5.60, +9.8%
2007-05 month to date return : 13.12%
2007 year to date return : 32.38%
vs. 2007 year to date SPY (S&P500) return : 7.77%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.18
Trailing 12 Month Model Alpha (Annualized) : 68.52%
Open position: 0
Sold everything and back to 100% cash. Trading result so far is pretty consistant with the model baseline. Rather than close the positions myself, I placed the sell orders as "Sell At Market Close" because I had to attend a meeting. But it turned out that SFBFQ had a higher ending bid/ask price than my selling price. So I guess somebody took a spread on me? Oh well, other than that, it has been a good week.
Closed position: SFBFQ - SPY June 147 Call @ 6.40, +23.1%
Closed position: SFBFQ - SPY June 147 Call @ 6.40, +16.4%
Closed position: SFBFR - SPY June 148 Call @ 5.60, +9.8%
2007-05 month to date return : 13.12%
2007 year to date return : 32.38%
vs. 2007 year to date SPY (S&P500) return : 7.77%
Trailing 12 Month Model Beta (SPY = 1 ) : -0.18
Trailing 12 Month Model Alpha (Annualized) : 68.52%
Open position: 0
Attachments
JW,
"Good job!"
Jeff
"Good job!"
Jeff
do you trade emini index futures?