Sunday, May 16, 2010

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

 

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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