Thursday, June 13, 2013

My Options Account on June 13th, 2013, Part 2

The market is now closed and wow it was a crazy day!  The market started off down and just went up in a straight line throughout the day with the biggest push towards the end of the day.  My big winner was Apple.  I needed the stock to increase and it did!  Up 3.60 to 435.79.  When it was down earlier I repositioned by Call Credits and moved to the 440/445s.  I was up a total of $1,065 on my Apple options today.  I have 11 contracts on my Iron Condor and would love it if the stock can stay between 435 and 440 tomorrow.  Its very risky and not a position I want to be in but I see a calm day tomorrow so I should be fine.

My next big winner was on Amazon.  I was getting really close to my 270 Put strike and the stock did exactly what I wanted it to do and it went up 4.08 to 275.75.  I made $712 on the day on my 8 contracts.  I should be fine tomorrow unless we get some sort of crazy up or down day which I don't think will happen.

NFLX was up 7.66 and I made $412 on my 4 contracts.  NFLX is currently at 215.30 and I just need it to stay between 205 and 220 tomorrow.  I like my chances.

PCLN was up 6.70 to 814.60 and I made $150 on the day with my 2 contracts.  Just need  the stock to stay between 795 and 825 tomorrow. 

TSLA was up .64 to $98.37 and I made $165 on the day.  I sold a few more put credit spreads and need the stock to stay above 96 tomorrow put most of my contracts are on the 92.5/90 put credit spread.

My big loser, which I really messed up on, is Google.  GOOG started to decrease very rapidly earlier today and was down $5 so I thought it was safe to reposition my call credit spreads.  I wanted to get in on the 885/890s but the price wasn't right so I moved to the 875/880s.  I had about a 10 point cushion and sold the spread for an average of .85 on my 7 contracts.  Then Google started to increase like the rest of the market and ended up 4.52 (after hour price now) to 876.50 so I really need the stock to decrease slightly tomorrow.  Overall I lost $518 on my Google options today.  I'll be looking for Google to stay between 865 and 875 tomorrow. 

My only other option I have is on Mastercard (MA) for 1 contract.  The stock went up a whopping 15.72 to 573.70.  There was a point where MA was up almost $18.  I need MA to stay where it is between 565 and 575 tomorrow.

In summary, my account was up $1,921.87 on the day.  One of my better days in a long time.  That's a percentage gain of 13.5%.

Tomorrow is going to be really interesting.  I could easily give all these gains back depending on how volatile the market will be.  Looking for a nice calm day which is likely considering today was up 180 on the Dow.  Tomorrow we'll probably see a plus or minus $50 on the Dow.

Jonny

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