Thursday, June 20, 2013

My Options Account on June 20th, 2013, Part 1

It is now 9:05am CDT.  The overall market opened down pretty big today and things couldn't be better for my options account this morning.  I wanted Google to go down and they are down $6 currently to 894.52.  This is helping me make a lot on my 900/905 Call Credit Spreads (13 contracts) and my two 905/900 Put Debit Spreads.  I am down on my 895/890 Put Credit Spreads but overall I'm up a total of $663 on my Google options this morning.  I'm expecting much larger gains as the day goes on as long as Google stays down but not too much down.

I wanted Apple to go up today and even in a big down market day, Apple is bucking the trend and is currently up 1.62 to 424.62.  My options are up $293 so far.

Another stock I was watching today was NFLX.  I needed this stock to decrease and it is down 4.43 to 227.88.  This is huge and I'm up $271 so far on my options.

I also wanted TSLA to increase and they are up 1.69.

Today has started off really good and I hope this will continue throughout the day.  If it does I will be looking at a plus $2K easy.  So far I'm up $1,508 on the day.  I'm going to look at what I should exit and what I should hold. Google is very risky and I may need to scale out of some of my positions today.

Trade of the day:  Buy GOOG 875 Put and Sell GOOG 880 Put for a credit of .50.

Another trade I like is on PCLN, Buy 800 Put and Sell 805 Put expiring tomorrow for a net credit of .30.  The stock is currently at 823.

Jonny

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