Options portfolio

Placed 3 trades today:
-6 CROX 100 OCT 07 55 PUT $0.90
-5 GRMN 100 OCT 07 105 PUT $1.45
-7 LVS 100 OCT 07 110 PUT $0.70





Current Open Trades with corresponding MTM:
BXG
-10 BXG 100 OCT 07 7.5 PUT $325
-40 BXG 100 FEB 08 10 PUT ($1,820.00)
======================== -1495, Today +350

CCRT
-75 CCRT 100 OCT 07 20 PUT $2037.50.
-2 CCRT 100 OCT 07 22.5 CALL $90
+10 CCRT 100 JAN 10 20 CALL $300.00
======================= +2427.50, Today -452.50

CROX
-6 CROX 100 OCT 07 55 PUT $210
-6 CROX 100 OCT 07 70 CALL -285
========================== -75 Today +15


CRS
-2 CRS 100 OCT 07 110 PUT $294.00
========================+374 Today +45


GRMN
-5 GRMN 100 OCT 07 105 PUT $225
-5 GRMN 100 OCT 07 125 CALL -1125
========================== $(-900) Today -337.50

LVS
-7 LVS 100 OCT 110 PUT $87.50
-7 LVS 100 OCT 165 CALL $469.
========================== $556.50 Today +157.50

NYX
-6 NYX OCT 07 80 Call (-375)
+6 NYX JAN 10 80 Call +150
-10 NYX Jan 10 80 Put (30)
========================= -255, Today +420

TGIC
+10 TGIC APR 08 15 CALL $1750.
+15 TGIC APR 8 25 CALL $(-337.50)
-25 TGIC APR 8 25 PUT (875)
=========================+537.50 Today +550

XL
Sell 3 XL Oct 75 Call -405
Buy 3 XL JAN 10 60 Call +915
=========================+510 Today -15


Today PNL (OPEN) +732.50

OPEN PnL +1680.50
CLOSED PnL +5904.50
Total PnL====== +7585

Thanks,
NYCDT
 
This is the end of the month for the Journal, current account is showing a yield of 7.5% for the month, with more of a swing than I like. I had actually been up about 11 or so percent at one point, showing a deviation much greater than I'd ideally like to deal with. My swing has been significant and I believe I will need to diversify further.

I'd love to hear some well thought feedback and critical analysis of my positions- I think that if I share what I am feeling towards the economy and individual stocks, perhaps my portfolio I will gain helpful analysis.

I feel the market is currently showing two, somewhat contradictory signs. One sign is that credit/house turmoil is going to cripple the economy, creating a possible recession. The other is a market with historically fair valuations, a growing Chinese economy and a weak (and perhaps weakening) USD.

I feel the second case will provide a greater market impact and therefore a market appreciation.


Well, that is all for now-

NYCDT
 
nycderivtrader, keep it up! Just don't listen to those naysayers.

Anyway, just stumbled on your journal and I'll keep an eye on it ;)

It's been a rough week for me with a huge swings on my portfolio value. Still ended up in the green although I'd like to see me more disciplined to take a loss or profit.

Anyway, how do you decide if a trade works on your way or not?
 
HI, thought I would post current call positions entered into the two weeks, all january expir except the CYD, pretty basic, up ~70% currently

BMY CALL JAN 32.5 (BMYAZ)
CNO CALL JAN 20 (CNOAD)
CYD CALL NOV 10 (CYDKB)
ELN CALL JAN 30 (ELNAF)
FRNT CALL JAN 10 (FUOAB)
SSCC CALL JAN 15 (JJQAC)
KKD CALL JAN 5 (KKDAA)
MSFT CALL JAN 32.5 (MSQAZ)
TRMP CALL JAN 10 (PMQAB)
ISLE CALL JAN 25 (QEPAE)
 
Quote from rockn:

HI, thought I would post current call positions entered into the two weeks, all january expir except the CYD, pretty basic, up ~70% currently

BMY CALL JAN 32.5 (BMYAZ)
CNO CALL JAN 20 (CNOAD)
CYD CALL NOV 10 (CYDKB)
ELN CALL JAN 30 (ELNAF)
FRNT CALL JAN 10 (FUOAB)
SSCC CALL JAN 15 (JJQAC)
KKD CALL JAN 5 (KKDAA)
MSFT CALL JAN 32.5 (MSQAZ)
TRMP CALL JAN 10 (PMQAB)
ISLE CALL JAN 25 (QEPAE)
More...


ROCKN,

You sure are heavily LONG. It seems like you for the most part are buying very out of the money calls, a heavily bullish portfolio- this is very different from my portfolio- your 70% returns are amazing.

My personal concern, if I had this degree of long leverage, would be any kind of dip/correction similar or worse to what we just had. The time value of these isn't as stable as a further out contract would grant you and would therefore but much more susceptible to downward movement. This is a focus on the risk, clearly an upward move would do great wonders for this portfolio.

Best wishes,

NYCDT
 
Quote from ozzie123:

nycderivtrader, keep it up! Just don't listen to those naysayers.

Anyway, just stumbled on your journal and I'll keep an eye on it ;)

It's been a rough week for me with a huge swings on my portfolio value. Still ended up in the green although I'd like to see me more disciplined to take a loss or profit.

Anyway, how do you decide if a trade works on your way or not?
More...

Ozzie,

Thank you for the encouragement. It has been a rough week of swings. I will update my portfolio shortly with my MTM at Friday. I have been keeping track of performance for a month now and am more than happy with the return generated, just upset about the swings. This journal SHOULD BE BORING if all goes to plan.

My initial goal for 4-6% a month is still in place and is one in which I think will be difficult to achieve in the long run. Options prices are currently inflated due to volatility and the current market concerns. When this eventually does die out, yields will reduce and monthly returns will be impacted.


To answer your question of whether a trade works on my way, I usually am looking for a few things when setting up a position-

I usually prefer to sell options, collecting the premium, while accepting a lower return given a large swing. As you see in my BXG position, I am short puts, essentially giving me a nicely leveraged LONG position.

For the most part, I am looking to sell volatility, as it is very high right now- I am looking for value companies, usually not something considered growth. The yield generated on the premiums in the synthetic position will usually target 8% and above.

NYCDT
 
You must log in or register to reply here.
Back
Top