Options portfolio

Placed opening orders today:

+15 MRH APR 08 17.5 CALL 1.8
-15 MRH APR 08 17.5 PUT 1.3

Looking forward to JAKK tomorrow, had placed a large position that I was monitoring because of risk, looks like afte hours JAKK took 5% dive. I don't see news but we'll see in next 9 trading sessions whether it has tired its legs. Am profitable on trade currently-

NYCDT
 
Noone that trades options would state your trades this way. You have to say:

1) where is the underlying when you made these trades.

2) At the very least what is the delta, gamma, theta and vega of each of the options when you initiated the trade.

3) Optional, but useful, what is the theoretical edge of your position when you put it on.

If all you are doing is keeping a record for some reason for your own sake on ET, that is different, but still worthless to anyone but yourself.

nitro
Quote from nycderivtrader:

As a way to keep public record of my options trades, I will post to this journal directory.

I hold many covered calls and short puts, often tied to long Leap Calls. My current goal/target is 4-6% a month. The past three weeks I am up 4.3%. Listed below are my current open trades:

Sell 25 BXG Sept 7.5 Puts +250
Sell 10 BXG OCT 7/5 Puts +175
Sell 40 BXG Feb 8 10 Puts -1520
======================= -1095

CCRT Long 700 Shares +714
Sell 5 CCRT OCT 22.5 Call -2.5
Sell 25 CCRT Oct 22.5 Call +1237.50
Sell 2 CCRT Oct 22.5 Call -50
======================= +1899

Long 500 CFC -190
Sell 5 Sept 20 Calls +325
Sell 5 Oct 20 Call -477.50
======================== -342.50

Long 300 COP +1044
Sell 3 COP Oct 75 Put +127.50
Sell COP Oct 85 Call -360
======================== +811.50

Long 200 CRS +1996
Sell 2 CRS Oct 110 Put +64
Sell 2 CRS Oct 120 Call -980
========================+1080

Long 500 GM +1730
Sell 5 GM Sept 30 Call -1425
=========================+305

Long 700 JAKK +14
Sell 7 JAKK Sept 22.5 Call +350
=========================+364

TGIC Long 500 +290
Sell 5 TGIC Sept 20 Call +222.50
Buy 10 TGIC April 08 15 Call +850
=========================+1362.50

Sell 3 XL Oct 75 Call +90
Buy 3 XL JAN 10 60 Call +60
=========================+150

4343.50
More...
 
Speaking from experience, funny how when you are paper trading it seems so easy to sell lots of naked puts and calls to reap the benefits like the pros. Then when you start using real $$ and see a huge chunk of your portfolio tanking because you sold naked options on a stock like TASR when it was a mover and you get reamed both ways it doesn't seem like such a good strategy anymore.
 
MTM for week ending 10/12/7





BXG
-10 BXG 100 OCT 07 7.5 PUT $375
-25 BXG 100 FEB 08 10 PUT ($1637.50)
======================== -1262.50

CCRT
+10 CCRT 100 JAN 10 20 CALL $2250
======================= +2250

CROX
-6 CROX 100 OCT 07 55 PUT $465
-6 CROX 100 OCT 07 70 CALL +540
========================== +1005

GRMN
-5 GRMN OCT 07 105 PUT +412.50
-5 GRMN OCT 07 125 CALL +637.50
========================== +1050

JAKK
-50 JAKK OCT 07 30 CALL +1350
========================== +1350


LVS
-7 LVS 100 OCT 110 PUT $+437.50
-7 LVS 100 OCT 165 CALL $+819.50
========================== +1256.50

NYX
-6 NYX OCT 07 80 Call (-465)
+6 NYX JAN 10 80 Call +765
-6 NYX Jan 10 80 Put +660
========================= +960

MRH
+15 MRH APR 08 17.50 Call -187.50
-15 MRH APR 08 17.50 Put +0.0
========================== -187.50

NYX
-6 NYX OCT 07 80 Call -1,110
+6 NYX JAN 10 80 Call +1410
-6 NYX JAN 10 80 Put +1125
==========================+1425

TGIC
+10 TGIC APR 08 15 CALL $650
+15 TGIC APR 8 25 CALL $(-1200)
-25 TGIC APR 8 25 PUT (-1875.)
========================= (-2425)

XL
-3 XL Oct 75 Call -615
+3 XL JAN 10 60 Call +1515
========================= +900


OPEN PnL 5361.50
Closed PnL 12,259.50
Total PnL +17621

Thanks,
NYCDT
 
Naysayers eat your hearts out!



Well, today is a good example of what a 20% decline of the underlying does to a heavy long synthetic position. Got out before more carnage from TGIC

Two trades today:

-5 TGIC APR 08 15 CALL $3.67
-5 TGIC APR 08 25 CALL $0.77

I do this at work and couldn't put in the other order for a long put to get me out of the apirl 8 25 puts. World of hurt.

Oh boy... let it begin.

NYCDT
 
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