How long $3000 will last option trading

BOT +1 VERTICAL GOOG 100 FEB 06 400/390 PUT @1.20 ISE, GOOG MARK 472.93

The profit $1.20 is apply toward Feb 400/410 put spread here. I won't count the profit yet until this trade is over.

sold Jan 390/400 put spread $1.35
sold Feb 400/410 put spread $1.8 with extra $1.20 expectancy.
 
SOLD -1 VERTICAL CDIS 100 FEB 06 40/35 PUT @1.55 ISE, CDIS MARK 40.17

I sold this based on probability of winning together with mildly bullish view. This gives me about 69% chance of winning.

SOLD -1 VERTICAL VLO 100 FEB 06 52.5/50 PUT @.55 ISE, VLO MARK 55.94.

I sold this based on probability of winning together with mildly bullish view. This gives me about 79% chance of winning.

Both of these trade should provide hedge against my previous TSO call credit spread (Feb 70/75 call).
 
Here was my SPY positions at TOS: The 129 call was generating too much delta for my test.


At TOS
+1 Jan 123 Put
+1 Jan 124 Put
-2 Jan 125 Put
-1 Jan 129 Call
+1 Jan 130 Call

-1 Feb 124, +Feb 125 put.

At IB
-1 jan 122 Put, +1 Feb 124 Put
-1 Jan 123 Put, +1 Jan 121 Put
-1 Jan 126 Put, +1 Mar 126 Put
-1 Jan 124 Put, +1 Feb 124 Put
-1 Jan 124 Put, +1 Feb 123 Put

BOT +1 SPY 100 JAN 06 129 CALL @.90 PHLX, SPY MARK 128.72

Loss $25 on this one

BOT +1 SPY 100 FEB 06 125 PUT @.60 ISE, SPY MARK 128.71

Gain $30 on this one. With commish, I consider both trades offset each other.

Here is my final spy positions.

At TOS
+1 Jan 123 Put
+1 Jan 124 Put
-2 Jan 125 Put
+1 Jan 130 Call

-1 Feb 124 put

At IB
-1 jan 122 Put, +1 Feb 124 Put
-1 Jan 123 Put, +1 Jan 121 Put
-1 Jan 126 Put, +1 Mar 126 Put
-1 Jan 124 Put, +1 Feb 124 Put
-1 Jan 124 Put, +1 Feb 123 Put

Detla -9.24, Gamma 12.86, Theta -2.04, Vega 46.46

Now I added a bit of gamma my theta is being negative. This would be fun if the spy move up in one or two weeks and come down later.
 
All trades were done yesterday (01/10/06).

Bought back spy Jan 124 for $0.10 $90 profit.

This was part of calendar Jan/Feb 124. Looking to roll later when the market drops more.

Sold spy 130 Jan call $0.40. Break even.

SOLD -1 VERTICAL AAPL 100 JAN 06 80/75 PUT @.75 ISE, AAPL MARK 83.98

Reason: I want to capture fast time decay for less than 2 weeks left and I'm confident on appl to stay above $80.
 
Bought TSO 30 shares @69.63
Reason: I sold TSO Feb 70/75 call for $1.4. Somehow, it's going strong. Right now the delta of TSO was -20. I bought TSO to hedge the spread if TSO keeps moving up. My profit zone at expiration is from $65 to $72.
 
Bough 2 spy 124 Jan put back for $0.05. Profit $195. This profit is a bit superficial because it offset the paper lost on Feb long put I had. They pretty much wash out. I'll report that lost next month when I actually have the lost.


At TOS
+1 Jan 123 Put
+1 Jan 124 Put
-2 Jan 125 Put

+1 Feb 124 put

At IB

-1 Jan 123 Put, +1 Jan 121 Put
-1 Jan 126 Put, +1 Mar 126 Put
+1 Feb 124 Put
+1 Feb 123 Put
+1 Feb 122 put

Delta -64, gamma 7, theta -3.29, vega 47.32

I offset some of the delta with SPX spread here

SOLD -2 VERTICAL SPX 100 FEB 06 1210/1195 PUT @.55 CBOE, SPX MARK 1287.14 (Mid was $.60)

SOLD -2 VERTICAL SPX 100 FEB 06 1205/1190 PUT @.50 CBOE, SPX MARK 1285.80 (Mid was $.55)

The SPX greeks using spy as beta weighting
Delta 81, Gamma -27, Theta 7.82, Vega -50.49

The greeks on SPY and SPX using SPY as beta weighting:
Total Delta 17, gamma -20, Theta +4.4, Vega -3

The MM filled me off 5 cent from the mid price in a minute. I love the volatility. It's one of the fastest filled for me.

SOLD -1 VERTICAL HPQ 100 FEB 06 30/27.5 PUT @.55 ISE, HPQ MARK 30.97

Reason: I use 29.5 - 30 as support for HPQ.
 
SOLD -1 STJ 100 APR 06 50 CALL @5.80 CBOE, STJ MARK 53.85

Reason: STJ took a pause and I decide to hold on to profit. If the market overall drops and STJ follows, I might be able to trade it again.

This one was bought for $4. So, profit $180.

Overall Profit $535 + $180 = $715
 
Good job. I can't wait to see your overall PnL at the end of the month. It looks like you've had a great month. Too many positions for me to keep track of!

MoMoney.

Quote from skanan:

SOLD -1 STJ 100 APR 06 50 CALL @5.80 CBOE, STJ MARK 53.85

Reason: STJ took a pause and I decide to hold on to profit. If the market overall drops and STJ follows, I might be able to trade it again.

This one was bought for $4. So, profit $180.

Overall Profit $535 + $180 = $715
More...
 
Thanks Mo!. I might make less than last month because I traded more stocks than options this month.

I'm waiting for new virtual trade feature of TOS. That should let me report all the positions easier.

Quote from momoneythansens:

Good job. I can't wait to see your overall PnL at the end of the month. It looks like you've had a great month. Too many positions for me to keep track of!

MoMoney.
More...
 
SOLD -1 VERTICAL HPQ 100 FEB 06 30/27.5 PUT @.45 CBOE, HPQ MARK 31.33

Reason: HP dropped today and Pyramidding. I planned to sell 2 contracts. I sold one contract last week and sold more contract to spread my risk by not executing both of them at the same time.

For HPQ, I sold 2 FEB 06 30/27.5 put average $0.50.

Bought GOOG Mar 460 call, sold Feb 490 call. Total Debit $19.30.

This debit was done with IB in my Non IRA account just incase it turns into a big lost, I can deduct my tax. This is the biggest and most directional trade this year for me.

I viewed GOOG with support around $440.
Stop loss when Goog drop to $430. The breakeven on the downside is around $455 for 2/18/06 expiration.

Positions on GOOG sold JAN 390/400 Put
Sold Feb 400/410 Put.
Bought Mar 460 call, Sold Feb 490 call.

Net Greeks on Goog, Delta 22.51, Gamma -.21, Theta 21.30, Vega 13.97.
 
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