How long $3000 will last option trading

[skanan]

Bought qsii double cal 35 jun/jul call and 30 jun/jul call for $1.

It shows up on chartbender with jun 30/35 strangle with IV impact almost $50. I opted for DC just incase QSII moves fast. IV June 30 P 85%, June 35 C 83%, Jul 30P 52%, Jul 35C 49%. I projected 25% IV drop in June and 5% in Jul and I should still have some profit.

 

[skanan]

Bought back ICE straddle for $5.6 with profit $59. IV P&L shows spike different from yesterday about $80 so I decided to close this out. I had to give up about 10 cents from the mid to buy this back.

 

[skanan]

Here is the P&L on my IB account which I don't have to filter all the other junks out.

Account Statement for May 2006

TOTAL EQUITY SUMMARY

Total Equity Summary (Base Currency)
Cash 13,214.45
Stock 4,021.00
Option -912.73
Bonds 0.00
Accruals 7.36
Total 16,330.08

PROFIT/LOSS SUMMARY

Total Securities P/L Summary (Base Currency)
Securities Commodities Total
Realized Short Term Profit 5,678.25 0.00 5,678.25
Realized Short Term Loss -3,642.50 0.00 -3,642.50
Realized Long Term Profit 0.00 0.00 0.00
Realized Long Term Loss 0.00 0.00 0.00
Total 2,035.75 0.00 2,035.75

 

[skanan]

Sold FRX Jul 35/40 strangle $4.80. This is an IV trade. IV 71% P 63% C

 

[skanan]

BOT +1 VERTICAL SPX 100 JUL 06 1320/1330 CALL @1.60, SPX MARK 1259.43

Profit $90 - $6 commish.

These are for hedging my short SPY 1250P.

BOT +2 VERTICAL SPY 100 JUN 06 126/125 PUT @.35 ISE, SPY MARK 126.82

BOT +1 SPY 100 JUN 06 126 PUT @1.05 BOX, SPY MARK 126.90

Quote from skanan:


SOLD -1 VERTICAL SPX 100 JUL 06 1320/1330 CALL @2.50, SPX MARK 1276.58

 

[skanan]

My 1250, and 1245 SPX short put is in trouble. They are still within my acceptance loss but could wipe out last month profit.

Took advantage of volty today, sold QSII DC for $1.40. This was bought yesterday for $0.95 so profit $45. I don't need to wait for earning to come out. I decide to take profit and run.

These all came up on chartbender as spike IV.

Sold BHI June 80 straddle $4.5
Sold NUE June 37.5 straddle $3.9

 

[skanan]

Bought BHI Jun 80 Straddle back for $3.95. Profit $55

Bought NUE Jun 37.5 straddle back for $1.95 profit $195

Bought XOM Jun 60 straddle back for $1.6 profit about $145 (assume that wings will expire worthless).

 

[skanan]

BTC SPX 1250/1235 $9.8 on TOS, loss $890

BTC SPX 1250/1235 $9.4 on IB.
loss $940-$90=$850

BTC SPX 1235/1245 $6.4 on TOS.
loss $540x2 = $1080

BTC SPX 1235/1245 $6.2 on TOS
loss $620-$100 = $520

Total loss $3340. This wiped out last month gain about $2K and put me in loss about $1300. I haven't tallied up all other profits I made yet. I guess it will reduce this loss a bit and also the profit from short calls which I'll let them expire worthless. I'll update the whole amount again after expiration weeks.

As said before, if I'm negative $3000, I'll take myself out.

Lately, IB filled on SPX has been much better than TOS and TOS quote on the mid is not that reliable. I had to call TOS trade desk and they called down the floor otherwise, those orders did not even get filled.

 

[skanan]

BTC SPX 1230/1240 P $5.4 loss of $540-$60 = $480. Cumulative loss $1780.

 

[skanan]

BTC SPX 1300 Call for $0.05. Profit $348. Cumulative loss $1780-$348 = $1432.

All these are June
Sold
X strangle 55/60 $1.70
SU 70 Straddle $3.6
NVDA 20 Straddle $1.15
BTU 47.5 Straddle $3.65
VLO 55/57.5 Strangle $1.55