How long $3000 will last option trading
- Thread starter skanan
- Start date
next question...you have a 1$ credit so is there now a $1.5 risk (spread being 2.5) ? thx
09:17:55 -0600 (CST)
SOLD -2 VERTICAL SPX 100 MAR 06 1325/1335 CALL @.65 CBOE, SPX MARK 1279.17
This is a new position on SPX
I had VLO FEB 55/57.5 and was assigned. I stupidly sold this one for credit of only $0.35.
SOLD -100 VLO @50.91, VLO MARK 50.92
SOLD -1 VLO 100 FEB 06 55 PUT @4.00
The assignment cost me $15 in exercise fees.
$5 to sell stock and 3 legs commish ($4.50)
So, this one I lost $5750-$5091 + $15 - $400 - $35 + $5 + $4.50 = $249 :-(
Now I truely understand the pain of one wrong trade wiped out big chunks of VLO profits I accumulated.
BOT +1 VERTICAL CDIS 100 FEB 06 40/35 PUT @4.70, CDIS MARK 34.43
This one was sold for $1.70 so another $300 lost. At one point, I had profit about $80 but did not take it.
SOLD -2 VERTICAL SPX 100 MAR 06 1325/1335 CALL @.65 CBOE, SPX MARK 1279.17
This is a new position on SPX
I had VLO FEB 55/57.5 and was assigned. I stupidly sold this one for credit of only $0.35.
SOLD -100 VLO @50.91, VLO MARK 50.92
SOLD -1 VLO 100 FEB 06 55 PUT @4.00
The assignment cost me $15 in exercise fees.
$5 to sell stock and 3 legs commish ($4.50)
So, this one I lost $5750-$5091 + $15 - $400 - $35 + $5 + $4.50 = $249 :-(
Now I truely understand the pain of one wrong trade wiped out big chunks of VLO profits I accumulated.
BOT +1 VERTICAL CDIS 100 FEB 06 40/35 PUT @4.70, CDIS MARK 34.43
This one was sold for $1.70 so another $300 lost. At one point, I had profit about $80 but did not take it.
BOT +1 HPQ 100 MAR 06 30 PUT @.10, HPQ MARK 34.09
HPQ went up on earning report.
Profit $35 on this trade. I still have mar $27.5 put left.
This is not a good trade though. I did not check if there is earning report but was lucky that HPQ did not tank after earning report.
BOT +2 CALENDAR SPY 100 JUN 06/MAR 06 126 PUT @1.50, SPY MARK 128.74
VIX dropped .56 today and is now 11.77.
SOLD -1 VERTICAL SPX 100 MAR 06 1330/1340 CALL @.50 CBOE, SPX MARK 1281.85
HPQ went up on earning report.
Profit $35 on this trade. I still have mar $27.5 put left.
This is not a good trade though. I did not check if there is earning report but was lucky that HPQ did not tank after earning report.
BOT +2 CALENDAR SPY 100 JUN 06/MAR 06 126 PUT @1.50, SPY MARK 128.74
VIX dropped .56 today and is now 11.77.
SOLD -1 VERTICAL SPX 100 MAR 06 1330/1340 CALL @.50 CBOE, SPX MARK 1281.85