Pete’s Options

4/2/10 – This will be my last trade for the March expiration cycle.  I decided to take 2 trades instead of the usual 1, just so I can use up a bit more of my spare buying power.  I received $1.23 to risk $1,000 per contract over 42 days.

19/2/10 – Closed the puts for $0.15 leaving me with the calls on for a net $1.08 with 28 days remaining.

20/2/10 – Had to roll the calls up from 670/660 to 690/680 at a cost of $1.25 meaning I now have those calls on for a net COST of $0.17 with 25 days remaining.

24/2/10 – Closed the calls for $0.15 leaving me with a total loss including commissions of $84 over 21 days.

27/1/10 – Also time for a 50 day IC on RUT – this one did not have very good premiums on offer at all!  I only received $1.00 to risk $1,000 over 50 days.

5/2/10 – Closed the calls for $0.15 leaving me with the puts on for a net $0.85 with 42 days remaining.

17/2/10 – Closed the puts for $0.15 meaning I netted $60 after commissions after 21 days.

27/1/10 – Time for a 50 day IC on NDX – I received $3.05 to risk $2,500 over 50 days.

11/2/10 – Closed the calls for $0.30 leaving me with the puts on for a net $2.75 with 35 days remaining.

18/2/10 – Closed the puts for $0.30 meaning I netted $235 after commissions over 23 days.

19/1/10 – Added my first IC for March, and received $1.24 to risk $1,000 over 59 days.

29/1/10 – Closed the calls for $0.15 leaving me with the puts for a net $1.09 credit and 49 days remaining.

26/2/10 – Closed the puts for $0.15 meaning I netted $84 after commissions over 39 days.

4/1/10 – I received $1.20 to risk $1,000 over 45 days.

19/1/10 – Closed the puts for $0.15 leaving me with the calls on for a net $1.05 credit with 30 days remaining.

21/1/10 – Closed the calls for $0.15 giving me a net profit after commissions of $80 over 18 days.

17/12/09 – Last night I put on my first trade for February (I am away for the rest of the weekend, so decided to go a few days early).  I received $1.25 to risk $1,000 over 63 days.

9/1/10 – Closed the puts for $0.15 leaving me with the calls on for a net $1.10 with 39 days remaining.

25/1/10 – Closed the calls for $0.15 giving me a net profit (after commissions) of $85 over 40 days.

8/12/09 – My last trade for January, and this one I only received $1.10 to risk $1,000 over 37 days.

21/12/09 – Closed the puts for $0.15 leaving me with the calls on for a net $0.95 with 25 days remaining.

23/12/09 – My order to roll the calls triggered last night – I probably should have reviewed it and moved the trigger slightly higher as it triggered at a lower delta than necessary.  However, I am not too worried, as this market seems to be on a relentless move higher at the moment, so rolling now is probably not too silly…  I have rolled from 670/660 up to 690/680 for a cost of $0.65 leaving me with the new calls and a net credit of $0.30 with 23 days remaining.

28/12/09 – Closed the calls for $0.15 meaning I netted $0 after commissions!

30/11/09 – Opened this one and received $1.15 to risk $1,000 over 48 days.

15/12/09 – Had to roll the calls up from 660/650 to 680/670 for a cost of $1.03 leaving me with a net credit of only $0.12 with 29 days remaining!

15/12/09 – And then, I closed the puts for $0.15 meaning I have the calls on for a net COST of $0.03 with 29 days remaining.

9/1/10 – Closed the calls, giving me a total loss (including commissions) of $33 over 41 days.

30/11/09 – I have been really busy at work lately, and so I am updated this a few days late!  I entered this NDX IC and received $2.65 to risk $2,500 over 48 days.

21/12/09 – Closed the puts for $0.30 leaving me with the calls on for a net $2.35 with 25 days remaining.

11/1/10 – Closed the calls for $0.30 meaning I netted $195 after commissions over 43 days.

16/11/09 – time for a 60 day IC in January, and I received $1.20 to risk $1,000 over 59 days.

10/12/09 – closed calls for $0.15 leaving me with the puts on for a net $1.05 with 35 days remaining.

15/12/09 – closed the puts for $0.15 meaning I made $95 net of commissions after 30 days.

9/11/09 – Added a 40 day IC and received $1.35 to risk $1,000 over 38 days.

30/11/09 – Closed the calls for $0.15 leaving me with just the puts.

2/12/09 – Closed the puts for $0.15 and so I made $95 (net of commissions) after 24 days.

27/10/09 – This one is my 50 day IC where I received $1.35 to risk $1,000 over 51 days.

21/11/09 – Closed the calls for $0.15 leaving me with the puts on for a net $1.20 with 25 days remaining.

24/11/09 – Closed the puts for $0.15 so I made a net $95 (9.5%) after commissions over 29 days.

27/10/09 – Added a 50 day NDX IC and received $2.75 to risk $2,500 over 51 days.

16/11/09 – Because the market is still relentlessly moving up, the puts were closed last night for $0.40 and the calls had to be rolled – I rolled them from 1950/1925 up to 2000/1975 for a cost of $1.83 – so I now have the calls on for a net credit of only $52 with 31 days remaining.

27/11/09 – Closed the calls for $0.20 meaning I made a net $17 after commissions over 32 days.

20/10/09 – Time for a 60 day IC, and I received $1.10 to risk $1,000 over 58 days.

29/10/09 – Wow, that’s a big drop – as a result I have closed the calls for $0.15 leaving me with the puts on for a net $0.95 with 50 days remaining.

3/12/09 – Closed the puts for $0.15 so I made $70 (net of commissions) after 45 days.

8/10/09 – Time for a 40 day IC on the RUT.  I only managed to get $1.20 for this one, with 43 days remaining.

26/10/09 – Closed the calls for $0.15 leaving me with the puts on for $1.05 with 24 days remaining.

10/11/09 – Closed the puts for $0.15 – so my profit was $80 (8%) net of commissions after 34 days.

1/10/09 – This is my 50 day IC on the RUT, and I received $1.25 to risk $1,000 over 50 days.

17/10/09 – Closed the puts for $0.15 leaving me with the calls on for a net $1.10 with 32 days remaining.

26/10/09 – Closed the calls for $0.15 – so my net profit after commissions was $85 (8.5%) after 26 days.

29/9/09 – Time for my 50 day IC on the NDX, and this time I received $3.15 to risk $2,500 over 51 days.

30/9/09 – Woops – I stuffed up when I entered my stop loss / profit taking orders yesterday!  I forgot to change the profit taking order to be around $0.40 on the puts, and left it at the mark.  Soooo, the order was filled first thing last night, and I ended up with my puts closed for $1.15!  So not long after, I re-entered the puts and entered 1 strike higher for a credit of $1.25 (meaning I have rolled the 1425/1400 puts up to 1450/1425 for a net credit of $0.10) – therefore I now have this IC on for a net $3.25 with 50 days remaining.

20/10/09 – Closed puts for $0.40 leaving me with the calls on for a net $2.85 with 30 days remaining.

26/10/09 – Closed the calls for $0.40 – so my net profit after commissions is $230 (9.2%) after 28 days.

16/9/09 – Decided to enter a 60 day IC, so received $1.32 to risk $1,000 over 64 days.

17/10/09 – Closed the puts for $0.15 leaving me with the calls on for a net $1.17 with 32 days remaining.

22/10/09 – Closed the calls, so this trade netted me a profit of $92 after commissions which is 9.2% over 36 days.

2/9/09 – Time for a 40 day IC, and I got filled a bit too quickly!  This time I received $1.25 to risk $1,000 over 42 days.

11/9/09 – Well, the calls got threatened, so I rolled them up from 650/640 to 670/660 for a debit of $0.88 meaning I now have this IC on for a net credit of only $0.37 with 32 days remaining.

15/9/09 – Closed the puts for $0.15 leaving me with the calls on for a net credit of $0.22 with 30 days remaining.

24/9/09 – Closed the calls for a cost of $1.45 meaning I lost a total of $138 (incl commissions) over 23 days.

25/8/09 – Last week I also entered this trade where I received $1.35 to risk $1,000 over 51 days.

18/9/09 – Closed the puts for $0.15 leaving me with the calls on for $1.20 with 25 days remaining.

24/9/09 – Rolled the calls up from 670/660 to 690/680 for a cost of $1.08 leaving me with only those calls on for a net $0.12 with 22 days remaining.

25/9/09 – Closed the calls for $0.15 meaning I made a net loss of $18 (incl comm) on this trade over 32 days.