How long $3000 will last option trading

05/05/06

SOLD -1 VERTICAL SPX 100 JUN 06 1375/1390 CALL @1.00 CBOE, SPX MARK 1320.80

05/08/06

BOT +1 DIAGONAL VLO 100 JUN 06/MAY 06 65/67.5 CALL @2.45 ISE, VLO MARK 64.57
 
BOT +2 VERTICAL SPX 100 MAY 06 1340/1350 CALL @1.60 CBOE, SPX MARK 1321.63

This is bought back before FOMC 2:15 PM EST.
I sold them for $0.90 so the lost is $140. Yesterday profit from buying back 1240/1250 June PUT was $55.
 
Today SPX dropped 18 points to 1305.92. I did not have to get out of 1340 call after all.

13:06 PST.
SOLD -1 VERTICAL SPX 100 JUN 06 1250/1235 PUT @.90 CBOE, SPX MARK 1305.92
mid was $1.20, VIX 12.49 (increase 0.71)

Sold 2 spx 1250/1235 for $0.90 one at IB and one at TOS

SPX positions
1 may 1345/jun 1385 call $1.05 cr
2 jun 1335/1350 put $0.90 cr
1 jun 1375/1390 call $1.05 cr
9 may 1215/1225 put > $0.6 cr
1 may 1220/1230 put $0.5 cr
3 may 1345/1355 call $0.9 cr
 
Date: Mon, 15 May 2006 10:35:23 -0500 (CDT)
Subject: SOLD -2 VERTICAL SPX 100 JUN 06 1245/1235 PUT @1.00 CBOE,
SPX MARK 1291.81

On pass Friday, when the market was about the same level, I could not get this filled even after dropping the credit to $0.9 from $1.2 mid.
 
The VIX is now 14.51 (increased 0.32) and has increased 3 days in a row already.

BTC jun 1375/1390 call for $0.25, profit $80.

BTC may 1345 call for $0.10. I got about $90 profit on 1345/1385 may/june diag. If market bounce, 1385 call could be use for something else.

STO jun 1350/1375 call for $0.75 credit.

Sold May Spy 128/127 put for $0.20 credit. SPY is about $128.90 now.

Date: Mon, 15 May 2006 13:04:38 -0500 (CDT)
Subject: SOLD -1 VERTICAL SPX 100 JUN 06 1350/1365 CALL @.75 CBOE,
SPX MARK 1286.9

Date: Mon, 15 May 2006 12:54:54 -0500 (CDT)
Subject: BOT +1 VERTICAL SPX 100 JUN 06 1375/1390 CALL @.25 CBOE,
SPX MARK 1285.24
 
Bought Jun/Jul 1290/1265 diag put for $1.7 CR. I'm looking forward to sell Jun/Jul diag call later to create DD. This is my first attempt on SPX to sell ATM. I was trying this strategy for quite a while on SPY and XSP and it seems to work well.

The 1290 straddle is trading about $35.
 
Bought Jul 1325 Call for $14.50
Sold Jun 1300 call for $17.00. Total credit $2.50.

I legged in the trade so I got about $1 improvement credit on this one.

Now I completed my DD trade Jun/Jul
1265/1290 1300/1325 for total credit of $4.20.

Total Greeks on this position: Delta 1.76, gamma -.62, Theta 20.73, Vega 97.37. If the index does not move much, I make $20 a day :-)
 
SPX dropped to close 1270 today. VIX increased 2.86. The DD I opened yesterday has paper lost of $110. However, I bought back 1300 call for $8. I plan to sell 1300 call later when the market bounce back.

Sold 3 contracts on SPX 1260/1250 May. This may be my stupid trades of the year.

Date: Wed, 17 May 2006 14:30:52 -0500 (CDT)
Subject: SOLD -1 VERTICAL SPX 100 MAY 06 1260/1250 PUT @1.10 CBOE, SPX MARK 1273.75

Date: Wed, 17 May 2006 15:03:57 -0500 (CDT)
Subject: SOLD -1 VERTICAL SPX 100 MAY 06 1260/1250 PUT @1.60 CBOE, SPX MARK 1270.32

Date: Wed, 17 May 2006 15:14:50 -0500 (CDT)
Subject: SOLD -1 VERTICAL SPX 100 MAY 06 1260/1250 PUT @2.00 CBOE, SPX MARK 1270.32
 
These positions expire worthless.

1 may 1345/jun 1385 call $1.05 cr
9 may 1215/1225 put > $0.6 cr
1 may 1220/1230 put $0.5 cr
3 may 1345/1355 call $0.9 cr
3 may 1250/1260 call total $4.7

Total credit recieved $1435.
 
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