Options portfolio

N

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
 
Sold out of most positions yesterday, my current holdings (sorry, will try to provide all transaction details going forward.

BXG
-25 BXG 100 SEP 07 7.5 PUT $375.00
-10 BXG 100 OCT 07 7.5 PUT $275.00
-40 BXG 100 FEB 08 10 PUT ($1,520.00)
============================= -870


-25 CCRT 100 OCT 07 20 PUT $2,175.00
-2 CCRT 100 OCT 07 22.5 CALL ($85.00)
+10 CCRT 100 JAN 10 20 CALL $1,400.00
======================= +3490


-3 COP 100 OCT 07 75 PUT $202.50 ======================== +202.50


-2 CRS 100 OCT 07 110 PUT $224.00
========================+224


+10 TGIC 100 APR 08 15 CALL $3,250.00
=========================+3250

Sell 3 XL Oct 75 Call -135.
Buy 3 XL JAN 10 60 Call +600
=========================+465

OPEN PnL +6761.50
CLOSED PnL +5199
Total PnL====== 11,960.50
 
Placed two trades today:

Sell 25 CCRT Oct 7 20 Put @.42
BTC 3 COP Oct 7 75 Puts @ .13

Current Open Trades:
BXG
-25 BXG 100 SEP 07 7.5 PUT $437.50
-10 BXG 100 OCT 07 7.5 PUT $250.00
-40 BXG 100 FEB 08 10 PUT ($1,720.00)
======================== -1032.50 Today -162.5

CCRT
-50 CCRT 100 OCT 07 20 PUT $1975.00
-2 CCRT 100 OCT 07 22.5 CALL ($30.00)
+10 CCRT 100 JAN 10 20 CALL $800.00
======================= +2745 Today -745

CRS
-2 CRS 100 OCT 07 110 PUT $224.00
========================+279 Today +55

TGIC
+10 TGIC 100 APR 08 15 CALL $3,250.00
=========================+2100 Today -1150

XL
Sell 3 XL Oct 75 Call -210.
Buy 3 XL JAN 10 60 Call +525
=========================+315 Today -150

OPEN PnL +4406.50
CLOSED PnL +5400
Total PnL====== 9806.50
 
A few strong trend or gap moves will wipe you out, as it looks like you are writing a lot more delta than you carry underlying to offset it.

What is your 'hedging plan' ?

Own any further otm calls?etc?
 
Placed 6 trades today:

SELL -25 CCRT OCT 07 20 PUT $0.35
BUY +6 NYX JAN 10 80 CALL $20.15
SELL -10 NYX JAN 10 80 PUT $15.35
SELL -6 NYX OCT 07 80 CALL $2.35
BUY +15 TGIC APR 08 25 CALL $2.30
SELL -25 TGIC APR 08 25 PUT $7.30



Current Open Trades with corresponding MTM:
BXG
-10 BXG 100 OCT 07 7.5 PUT $300
-40 BXG 100 FEB 08 10 PUT ($1,120.00)
======================== -820, Today +650

CCRT
-75 CCRT 100 OCT 07 20 PUT $2600.
-2 CCRT 100 OCT 07 22.5 CALL $20
+10 CCRT 100 JAN 10 20 CALL $850.00
======================= +4950, Today 725

CRS
-2 CRS 100 OCT 07 110 PUT $294.00
========================+294 Today +15

NYX
-6 NYX OCT 07 80 Call (-90)
+6 NYX JAN 10 80 Call (-780)
-10 NYX Jan 10 80 Put +150
========================= -720, Today -720

TGIC
+10 TGIC APR 08 15 CALL $2200
+15 TGIC APR 8 25 CALL $0
-25 TGIC APR 8 25 PUT +750
=========================+2950 Today +850

XL
Sell 3 XL Oct 75 Call -405
Buy 3 XL JAN 10 60 Call +735
=========================+330 Today +15

OPEN PnL +5504
CLOSED PnL +4604
Total PnL====== 10108

Thanks,
NYCDT
 
Quote from scriabinop23:

A few strong trend or gap moves will wipe you out, as it looks like you are writing a lot more delta than you carry underlying to offset it.

What is your 'hedging plan' ?

Own any further otm calls?etc?
More...


Scriabinop23,

Thank you for the interest and observation. The majority of my writing occurs in the front month contract, which as you have noted, could provide a large swing in my account. As a note, the trades placed on THIS thread are my thinkorswim trades, paper trading. I am using this as a prep until I have a portfolio margining account.

Today I have added another 25 contracts (a 50% increase) in my short put position. This is my largest short put position and would be the one to focus on. The yield generated is suitable to the risk created by these contracts, in my opinon.

NYCDT
 
Quote from forex-forex:

ZZZZZZZZZZZZZZ
More...



Glad to see that people are actually looking at what I do. If it isn't as fast paced as you'd like, perhaps my strategies are not your cup of tea and you should focus elsewhere.

I realize that some of my positions are heavily leveraged, I openly invite constructive criticism.

Thanks ahead of time,

NYCDT
 
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