Monday, May 17, 2010

Re: [TheOptionClub.com] GS TRADE [was:How do you manage your Vega?]

 

Michael .. thanks for update whilst on the move ... I have uploaded a Risk Graph to the Files section .... the position looks great if GS finishes south of 147 ... what would your next adjustment likely be if GS heads to 150 on Monday/Tuesday ... Cheers, James

--- In OptionClub@yahoogroups.com, "Karen" <mcatolico@...> wrote:
>
> update 5/14/10
>
> sorry i've been out of town this weekend. with friday's close around 143 and premium still pretty strong, i'm reluctant to buy in the shorts just yet. i will add one small trade just to cover a little possible near term upside risk:
>
> +2 145c/-4 150c at $0.64 debit each (net debit $1.28)
>
> net position:
> -13 145c/+11 150c/+2 155c/+2 160c/+1 170c
>
> -1 165p/-3 145p/+4 140p/+1 135p/+2 130p
>
> Net overall credit is $48.78
>
>
>
> --- In OptionClub@yahoogroups.com, "mcatolico" <mcatolico@> wrote:
> >
> > No change for 5/13/10. Premium is coming in rapidly but there's no real
> > reason to add to this position by selling it. and it's still a little too
> > expensive to buy in (though the gambler in me might buy the -145p/+2 140p
> > backspread a few times).
> >
> > -----Original Message-----
> > From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On
> > Behalf Of mcatolico
> > Sent: Wednesday, May 12, 2010 11:42 PM
> > To: OptionClub@yahoogroups.com
> > Subject: RE: [TheOptionClub.com] GS TRADE [was:How do you manage your Vega?]
> >
> > Ricky's correct on net position:
> >
> > Net position(corrected)
> >
> > -15 145c/+15 150c/+2 155c/+2 160c/+1 170c
> >
> > -1 165p/-3 145p/+4 140p/+1 135p/+2 130p
> >
> > Net overall credit is $50.06
> >
>

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