Option Trading Articles: [ConservativeOptionStrategies] Re: my current positions...cut and paste from poweropt....does anyone know how t

Tuesday, March 23, 2010

[ConservativeOptionStrategies] Re: my current positions...cut and paste from poweropt....does anyone know how t

i try not to make any adjustments until expiration week....otherwise you end up being like terrytips.....losing money....still plenty of time for spy to retreat.....at 8:10 ratio you are doing ok with spy increasing....i would wait...drjoe

--- In ConservativeOptionStrategies@yahoogroups.com, mike xue <michaelxue88@...> wrote:
>
> Dr. Joe.
> Â
> I created a paper trade account at OptionExpress to learn your DLS stragety. On March 15, I bought SPY Dec 12 80 call @$37.34 and sold SPY April 10 115 call @$2.12 with a ratio of 0.8. With SPY reaching 117.4, should I roll SPYÂ April 10 115 call to April 10 117 call toÂ capture more time decay? I could sell two leap calls to offset the rolling cost too. I would appreciate your opinion for the learning purpose.
> Â
> TIA,
> Â
> MikeÂ
>
> --- On Mon, 3/22/10, joe & leigh <gass20@...> wrote:
>
>
> From: joe & leigh <gass20@...>
> Subject: [ConservativeOptionStrategies] my current positions...cut and paste from poweropt....does anyone know how to
> To: ConservativeOptionStrategies@yahoogroups.com
> Date: Monday, March 22, 2010, 8:36 AM
>
>
> Â
>
>
>
> Description Type Cost Basis Opened Sale Price Closed Days Gain/Loss $ %
> naked puts
> have it formatted better? drjoe
>
> EEM
> 5 EEM 2010 APR 41.00 PUT SP $ 480.00 3/10/2010 $ 640.00 12
> $ 160.00 25.0 %
> Total Gain/Loss for EEM
> $ 160.00 33.3 %
> IWM
> 10 IWM 2010 MAY 61.00 PUT SP $ 660.00 3/10/2010 $ 910.00 12
> $ 250.00 27.5 %
> bull put spread
> 20 IWM 2010 APR 65.00 PUT SP $ 1,180.00 3/10/2010 $ 3,620.00 12
> $ 2,440.00 67.4 %
> 20 IWM 2012 JAN 70.00 PUT LP $ 22,920.00 3/10/2010 $ 21,660.00 12
> $ -1,260.00 -5.5 %
> Total Gain/Loss for IWM
> $ 1,430.00 5.8 %
> diagonals
> SPY
> 9 SPY 2010 APR 114.00 CALL SC $ 3,060.00 3/10/2010 $ 1,962.00 12
> $ -1,098.00 -56.0 %
> 10 SPY 2012 DEC 80.00 CALL LC $ 36,300.00 3/10/2010 $ 38,330.00 12
> $ 2,030.00 5.6 %
> Total Gain/Loss for SPY
> $ 932.00 2.4 %
> collar
> QQQQ
> 10 QQQQ 2012 JAN 50.00 PUT LP $ 7,150.00 3/10/2010 $ 6,650.00 12
> $ -500.00 -7.0 %
> 10 QQQQ 2010 SEP 50.00 CALL SC $ 1,530.00 3/10/2010 $ 1,100.00 12
> $ -430.00 -39.1 %
> 1000 PowerShares QQQ Trust ETF (QQQQ) LS $ 46,820.00 3/10/2010 $ 47,890.00 12
> $ 1,070.00 2.3 %
> Total Gain/Loss for QQQQ
> $ 140.00 0.3 %
> Total Gain/Loss
> $ 2,662.00 2.2 %
>