My Options Account on June 10th, 2013

Monday's are very important.  Its the day I put on most of my positions for the week.  Today wasn't the best.  I got in on more of my positions this morning and I started with Apple.  Apple was up early by about $5 and I was expecting the stock to stay up or continue the uptrend so I got in on 7 contracts of the 435/430 Put credit spreads.  The stock was around $447 at the time.  Later in the day to the stock started heading lower on a "sell the news" situation when people were not amazed by the new products Apple announced at their conference.  So I lost some on the 7 contract spread and now will be watching the stock very closely each day since I only have about a $3.50 cushion before I'm in loss territory. The gains on my call credit spreads reduced my overall loss on Apple to only $61 on the day.

My big winners today were on my position in TSLA (+100) and NFLX (+82).  Even though TSLA decreased slightly from where I got in on my put credit spreads the time decay helped me gain on the day.  NFLX didn't really move much today which again helped me bank some time decay.

I basically broke even on my GOOG, PCLN and MA positions and lost about $80 on my AMZN positions.  AMZN moved up $4.20 today to settle at $281.  I put on a riskier $285/290 Call Credit spread and continued selling more of these spreads as the stock increased.  I ended up selling a total of 8 spreads with an average premium of $113 per contract.  This will bank me a profit percentage of 29% on the call side if AMZN can stay below $285 by expiration.  Big Risk Big Reward.  I still like my chances on this.  If the stock drops at all I will make a large gain.

Overall I was up about $50 on the day but lost after taking into account commissions (I pay $1.50 per contract)

I'll get into more details on my GOOG position and will send an update on my AAPL and AMZN tomorrow.

Jonny

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