My Options Account on July 31, 2013, Part 1

Today is going really well for me in my account.  So far my account is up $546 or 10.3%.  My MA earnings play worked out very well as MA reported great earnings and the stock rose.  After some news about debit card fees today the stock immediately dropped and was down all the way to $570.  I tried to buy a call spread at that time but the stock moved back up too fast and is now trading at 613.  Lots of action in this stock.  I bought back my 590/585 put spread for .18 and sold the 605/600 put spread for 1.00.  The stock shouldn't go down the rest of the week so this play seems pretty safe for a 25% gain in two days. 

I'm feeling really good about all my strategies except PCLN.  Priceline is down again today and is now "in the money" on my 880 put.   I sold 3 of the 880/875 put spread and the stock is now at 877.  I adjusted two of my call spreads so I won't be buying anything back today.  Hopefully the stock can move back up tomorrow. 

For an earnings play I am looking at Whole Foods (WFM).  Due to increased competition and a PEG ratio of over 2 I am selling the 57.5/60 call spread for .65.  The stock is currently at 55 so as long as WFM doesn't move up over 57.5 tomorrow I will be good. 

Jonny

My Options Account on July 30, 2013, Part 2

Overall today went really well.  I was disappointed that HLF drifted lower and closed negative.  I still made $77 on my earnings plays but wanted more!  My account was up $342 on the day with all stocks making money except a small loss of $9 on TSLA.  I have no major concerns at this point.  I put on another earnings play in MA who reports in the morning.  MA is currently trading at 601.42 and I sold 1 contract of the 590/585 Put Credit Spread for 1.30.  I'll be looking for the stock to head higher before the market opens. 

Jonny

My Options Account on July 30, 2013, Part 1

Today is going really well in my account.  My earnings play on HLF was looking great after earnings and all morning but the stock has retracted and is just barely up on the day.  I was hoping to make a little more but I'm still up about $100 on my strategies.  I am planning to exit most of these positions today and sell a MA put credit spread before earnings tomorrow morning. 

This week I have diversified my $5,000 as follows:

AAPL $454.89 2 440/435 Put Credit Spreads; 2 460/465 Call Credit Spreads
AMZN $302.23 2 295/290 Put Credit Spreads; 2 315/320 Call Credit Spreads
GOOG $891.80 2 880/875 Put Credit Spreads; 2 900/905 Call Credit Spreads
NFLX $243.60 1 235/230 Put Credit Spread; 1 260/265 Call Credit Spread
PCLN $888 3 880/875 Put Credit Spreads; 1 870/865 Put Credit Spread; 2 905/910 Call Credit Spreads; 2 915/920 Call Credit Spreads
SPY $168.76 2 168/167.5 Put Credit Spreads; 2 170/170.5 Call Credit Spreads
TSLA $132 2 125/122 Put Credit Spreads; 1 145/150 Call Credit Spread

Jonny

My Options Account on July 29, 2013, Part 2

After researching Herbal Life (HLF) I've decided to put on a bullish strategy for earnings tonight.  The stock is currently priced at $60 and has shown good growth and has historically beating the earnings estimates.  The forward PEand PEG ratio are good and there's a lot of short interest so I like the upside potential.  I sold 2 contracts of the55/52.50 Put Credit Spread for .65 and bought on call debit spread at 60/62.50 for $1.00.  I didn't have a lot of capital to invest so I just put on a few small positions.

Jonny

My Options Account on July 29, 2013, Part 1

Last week started out extremely well but finished poorly as Baidu, Google and Amazon caused me to lose as I was wrong about these stocks last week.  I ended up the week even and will look to get back on the winner track this week.  I'm putting on my standard iron condors and will post my trades later.  I may have one earnings play on HLF and am doing research on this stock now.

Jonny

My Options Account on July 26, 2013, Part 1

I put on a very bearish option strategy on AMZN yesterday expecting the stock to drop.  They reported very bad earnings and missed on EPS, Revenue and they lowered guidance.   For some reason they stock just doesn't want to go down and was hanging in there today but now (9:09am Central) the stock is starting to decrease again and is down 3.17.  I sold 5 contracts of the 320/325 Call Credit Spread but I also sold 3 contracts of the 295/300 Call Credit Spread.  I was expecting at least a $10 move down so lets see if we can get there.  I'm currently up $700 on my AMZN strategies.

Also, I noticed that EXPE reported very bad earnings yesterday and that sent PCLN down very big after hours.  The stock recovered this morning and when it was at 895 and sold 6 contracts of the 885/880 Put Credit Spread for an average price of 1.05.  As long as the stock stays above 885 today I will profit over $600.

Today is going to be a very interesting day.

Jonny

My Options Account on July 25, 2013, Part 2

Amazon.com reports after the close and the stock has made a big run up over the past year and last 3 months.  The valuations (PE, PEG) show that the stock is way overvalued.  I'm selling call spreads and most of my call spreads are the 320/325.  The stock is up today and currently trading at 304.11.  Anything can happen since the expectatations are so low but I think it will be hard for Amazon to go up today.  We'll see very shortly.

Jonny

My Options Account on July 25, 2013, Part 1

Well I was finally wrong about one of my earnings plays.  BIDU was up a lot after they reported and luckily for me they decreased this morning from their highs so I was able to buy back my spreads at a decent price.  I then went long by buying the 125 call option when the stock was down to 121.  I've managed to make some good money on these calls and am currently working on selling some of the calls.  Google is down big today as well and I'm losing on my options there.  I'm trying to recovery some of the losses I had earlier today but most likely this will be a big negative day for me.  I'm still up nicely on the week but my goal to double my account balance this week will not happen unless I go all in on AMZN. 

Jonny

My Options Account on July 24, 2013, Part 2

I sold/bought back all my Apple options today and moved that money into BIDU, FB and V.  All three companies are reporting quarterly earnings after the bell today. 

My largest position is in BIDU.  Baidu's stock has increased 20% since last earnings report and has pretty decent fundamentals.  After researching how the stock normally performs after it reports earnings there seems to be a general trend lower the day after earnings are reported, even if they beat estimates.  This information along with the recent run up has led me to the conclusion to sell call spreads.  The stock is currently at 113.32 and I sold 6 120/125 Call credit spreads with an average credit of .78.  As long as BIDU doesn't go up past 120 I'll be good tomorrow.  This stock used to be a high flyer but growth has slowed so unless they report a huge beat or great guidance we shouldn't see the stock move higher. 

I also have a position now in Facebook.  The stock is at 26.33 and due to the fact that this company has so much growth potential I am selling put spreads.  I have 10 25/23.50 Put Credit Spreads with an average credit of .32.

I also did a one contract Iron Condor of V.

Jonny

My Options Account on July 24, 2013, Part 1

Another great day for me trading options.  Apple is up big after last night's earnings report and I made full profits on my overnight strategies.  I'm up $740 on these positions.  This is a nice 29.4% gain in one day.  My Google strategies are looking very good as well today as the stock price is right between my call and put strikes and I'm up $175 on these options today and $368 for the week so far. 

I'm still holding my NFLX 260/265 Call Credit Spreads and as the stock is down again today it looks as though I will bank full profits (100%) on these two spreads. 

My account is up $1,169 so far today and I'm only $2,000 from doubling my account balance since Monday morning. 

For tonight I am looking at the following stocks to play the earnings: FB, BIDU, V, and LVS.  I am developing some ideas but currently I haven't put any positions on.  Check back later for my plays on these stocks.

Jonny

My Options Account on July 23, 2013, Part 3

I was able to buy back most of my NFLX options however I couldn't avoid paying a commission on the buy backs because the price to buy back was never .05 or under.  Oh well, I sold the call spreads for between $.95 and 1.40 and bought them all back for .03.  I took my gains and did the following on AAPL just before the close:

8 contracts 395/390 Put Credit Spread at an average price of .67
3 contracts 425/430 Call Debit Spread at 2.05
3 contracts 415/410 Put Debit Spread at 2.05

Apple reported earnings this afternoon and beat EPS, Revenue and margin estimates.  They also blew away the iphone estimates of 27M phones and they sold 31.2M phones last quarter. 

The stock is up to 436.50 in after hours trading.  As long as it stays above 430 I'll be looking at some nice gains of about $700-750 and should be able to bank most of it tomorrow. 

I haven't made any specific goals for the week but if I can be right on two more plays I should be able to double my money this week.  However, I'm still not out of the woods with Apple.  I'll need to get through tomorrow first.

Jonny

My Options Account on July 23, 2013, Part 2

My NFLX and GOOG positions are looking great today and my account is up $2,000 on the day.  Not bad considering my balance was $5,100 yesterday so that's a gain of 39% in one day.  For tonight I am weighing my options in Apple.  The premiums are not very large which makes for a good opportunity to buy options.  The stock is at $422 right now and I'm considering doing put debit spreads or possibly straight buys at the 415 Put and 430 Call range.  I most likely will do the spreads and if I do the 415/410 Put Debit Spread and 425/430 Call Debit Spread I will invest $400 for each contract with the potential to make $100 (20%) if the stock moves more than $10-12 points by the end of the week.  I am also considering just a directional put credit spread at 395/390 which will give me a credit of .56.  This is a tricky one because as I'm expecting a good report it is possible the stock sells off again due to growth issues.  But these are the plays I'm looking at and will most likely do.

Jonny

My Options Account on July 23, 2013, Part 1

Yesterday I put most of my funds into NFLX before their earnings report.  I have the following positions:

8 contracts 205/200 Put Credit Spread
4 contracts 300/305 Call Credit Spread
2 contracts 290/295 Call Credit Spread
2 contracts 260/265 Call Credit Spread

I was heavily weighted towards a negative earnings release.  The stock was down a lot after the report and opened down about $9.  Currently it is coming back and only down $2.  I'm still up $900 on my positions.  That's a nice gain in one day.  The stock is currently trading at 259.61.

I also have a large stake in GOOG.  I have 7 contracts of the 895/890 Put Credit Spread and 7 contracts of the 910/915 Call Credit Spread.  I entered 2 contracts of the 910/915 Call on Friday and the stock was up big yesterday.  After a huge earnings miss and a large run up over the past 3 months I am predicting we see a pullback this week.

Towards the end of the day I will exit many of my NFLX positions since most of the premiums are minimal and I will enter into some AAPL positions to play the earnings report this afternoon.  Check back soon.

Jonny

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My Options Account on July 22, 2013, Part 1

There's a lot of earnings this week and I am making very specific plays each day.  For tonight, the big earnings report is on NFLX.  Netflix has been up a lot over the past year and has gained 231%.  The stock has gone from $216 after last earnings report to $266 where it sits currently.  The stock is very expensive right now as it has a 651 trailing PE, 86 forward PE and a huge 9.69 PEG.  The short percent is still high at 16.90 but has gone down since the prior month.  This stock has gone up too far too fast and I'm expecting a decrease in after hours unless the earnings report shocks us with outstanding numbers.  I'm selling the 300/305 Call Credit Spreads at around $1.05 per.  I also did a 260/265 Call Credit Spread at 2.50.  If I was a gambling man I would probably go all in on the 260/265 call credit spread.  But with the 300/305 I will still make money even if the stock goes up after earnings.  It just can't go up a lot.  The probabilty is stacked in my favor for this trade.

Tomorrow is Apple's earnings and I will be much more bullish on this stock.

Jonny

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on July 19, 2013

Sorry for my late post.  Yesterday was sort of up and down.  I did very well with my ISRG straddle and with my NFLX condor but PCLN just couldn't go up this week and AAPL was down.  Also, what happened with Google?  They report earnings that missed the expectations by a mile and the stock was down a ton after hours.  But once the market opened Google started going up and only ended being down $14 which made me lose on my straddle.  Overall it was another bad week for me as I dropped $900.  I made a few withdrawals and my account balance is currently at $5,200.  I am going to take less risk this coming week and will look to make 5-10%. 

Jonny

My Options Account on July 18, 2013, Part 1

Today my account is down slightly due to PCLN being down a lot.  I took a chance that the stock will stay the same or go up this week as it has done for many prior weeks but this week its down.  There's some big earnings reports tonight after close and I am playing some straddles/strangles today.  I am expecting a large move in GOOG and ISRG.  ISRG's option prices are not all that high so I'm wondering why.  Normally they move a great deal after earnings so I have straddle spreads only $10 points away from the current stock price and $20 away from the stock price.  I am actually selling put credit spreads in GOOG far away from the stock price and purchased option spreads closer to the stock price.  Earnings are a good way to make some extra money very quickly.  I often times take advantage of the large premiums and sell far out of the money spreads.  I am doing that on GOOG but sometimes I like to buy spreads closer to the money.  For example on ISRG the stock price is $421.50.  I bought the 410/405 put spread and the 430/435 call spread.  I only paid a total of $3.10 on this position and as long as the stock goes down under 405 or up over 435 I will make a $190 profit.  I've seen ISRG move $80+ in a day so this seems like a good opportunity.  The risk is the stock stays pretty flat after earnings.  Just another way to add a little excitement in my day.  Last night I bought the 57.50/55 Put Spread in EBAY after checking the charts.  The stock had been up a lot and I expected a decrease after earnings.  The stock is down 3.90 today and I already locked in a profit of $145.  I normally don't do directional debits but based on the information in front of me I put that on yesterday.  I repositioned a lot of my positions.  Tomorrow will be a very important day.  My account currently is down $229 today.

Jonny

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on July 17, 2013, Part 1

So far so good today.  I needed most of my stocks to increase and the good news is that is happening.  Here's a recap:

AAPL - staying flat which is great
AMZN - up slightly which is great
MA - up $2 which is good, this stock was down $10 after market yesterday due to the EU news so I'm surprised its up today.
NFLX - up $3.25 which is not good.  I added another put debit spread when it was up $5 so at least I'm not getting killed today.  I'm still within my spreads. 
PCLN - Up 7.65 which is great, couldn't go any better
SPY - Up .62 which is good
TSLA - Up 7 which is great but I need more increases

Overall my account is up $663 so far today.  I was down over $1K yesterday and I'm not expecting to get those losses back today but I'm happy things are looking a lot better today.

Jonny

Anyone looking for some ways to get started collecting option premium using the best software please Click Here! or to find undervalued options Click Here!

My Options Account on July 16, 2013

The market was down slightly as I was predicting.  AAPL was up 2.90 and AMZN was up .3.  Those were my winners today.  My big loser was TSLA which was down 19.00 after a Goldman Sachs downgrade.  PCLN was also down $9.50 and NFLX was up 2.50.  I lost $1,010 today and will need some help the rest of the week to make a profit.  Here is what I am hoping for:

AAPL - stay the same
AMZN - stay the same or go up slightly
MA - Go UP
NFLX - Go Down
PCLN - Go Up
SPY - Go Up
TSLA - Go Up

I repositioned my PCLN call spreads and now have 2 contracts of the 920/925 and 4 contracts of the 930/935 credit spreads.  I also bought a NFLX 255 Put for 1.15 and repositioned by TSLA call credit spreads to the 125/130.

I had decisions to make tomorrow.  Do I hold or do I buy back?  Its still early in the week so I will wait on it to see what happens tomorrow.  

Jonny

My Options Account on July 15, 2013

Last week I saw my account balance lose half its value going from just over $14K to just under $7.  I had made a withdrawal a few weeks ago for $2K so overall I sit down just over $6K.  The market was up so much last week and I really feel we have a breather this week.  I put on some high risk plays this week and am expecting a flat to slightly down week.  If the market does go up its not going to be up big.  I think people are expecting a lot of volatility with the earnings reports and with all the data coming out so premiums are high this week.  Here are my strategies:

AAPL $427.44 3 420/415 Put Credit Spreads; 3 440/445 Call Credit Spreads
AMZN $306.57 3 300/295 Put Credit Spreads; 3 315/320 Call Credit Spreads
MA $595.87 1 585/580 Put Credit Spread; 1 605/610 Call Credit Spread
NFLX $257.91 3 240/235 Put Credit Spreads; 3 265/270 Call Credit Spreads; 1 260/255 Put Debit Spread.  I also had 4 contracts of the 255/250 Put Debit Spreads purchased last Friday that I closed for a nice gain this morning.
PCLN $911.97 6 905/900 Put Credit Spreads; 5 940/945 Call Credit Spreads; 1 930/935 Call Credit Spread.
SPY $168.21 3 166/165 Put Credit Spreads; 3 170/171 Call Credit Spreads
TSLA $127.32 3 122/117 Put Credit Spreads; 3 140/145 Call Credit Spreads

Overall I was up $350 on the day.  I hope to keep the profits going tomorrow.  This is a good week to put on Iron Condors but stay away from stocks with earnings reports this week.  You can play the earnings but I usually only do one side or the other since big moves can be expected.

Jonny

My Options Account on July 12, 2013

Well, today didn't go how I planned.  I was banking on NFLX staying within my strikes but the stock was up 12.  PCLN was also up big.  It was just a bad week overall.  Something I have trouble with is knowing when to exit positions and when to hold.  Last week it worked to hold and this week it hurt to hold.  I lost a lot and will get back on track next week.  My strategies work really well when my stocks (or overall market) don't move up or down by a large margin.  This week I saw some very extreme stock increases (See PCLN, AMZN, NFLX, etc).  The good news is I still have plenty of money left and just need to make money every week from here on out.  Next week should have a lot of opportunities to make some profits.

Jonny

My Options Account on July 11, 2013

Today was very good day for most investors.  The market was up big again today.  For my strategies it wasn't a good day.  I really wanted my stocks to go down and they all went up a lot with the exception of Netflix.  I exited some of my positions (PCLN) but I have a lot riding going into tomorrow.  I purchased a few puts and really am expecting a down day tomorrow.  The market can act very irrationally sometimes and now is one of those times.  It seems that the market could never go down.  But these are the situations where we will have a crash or a big down day or two in the near future.  So be careful.  I lost about $5,000 on the day.  I am wishing I would have got out of my positions yesterday or early this morning but I made the mistake of holding with the thoughts that the market would reverse at some point.  Tomorrow will be a big day and if there are signs of another up day I will need to act quickly to get out of my positions that are ITM.

Jonny

My Options Account on July 10, 2013

Today was a good day for me.  It was a little frustrating because I wanted Apple to go down more.  I wanted Apple, Netflix and Priceline to go down and they were all down today so I feel a little better.  I was up more than I lost yesterday ($1,674) so that is a plus.  However, I still need the overall market and my stocks to decrease (or at least not increase) but the Fed is saying the right things to keep the market going higher.  I really hate hoping for a decrease in the market but my strategies play both sides.  We'll see what happens tomorrow.  I have made some adjustments to my account and now hold 12 contracts of Apple 410/405 Put Credit Spread.  This seems like a very safe position to be in at the moment.  I am much more concerned about the call spreads for many of my options. 

Jonny

My Options Account on July 9, 2013

Another up day in the market and many of my stocks were up as well:

AAPL up 7.30
MA up 4.30
NFLX up 14.28
PCLN up 8.43

Apple, Netflix and Priceline all went past my call strike so as you would guess I lost money today.  I was expecting up days on Monday and Tuesday but tomorrow we really should see a down day with the news coming out and Bernanke speaking.

Overall I was down $1,111 on the day.  I'm looking to get all that back and then some tomorrow. 

Jonny

My Options Account on July 8, 2013, Part 2

Here are my positions:

AAPL $414.50 10 Contracts 400/395 Put Credit Spread; 6 Contracts 420/425 Call Credit Spread; 4 Contracts 430/435 Call Credit Spread.  Apple was down over $6 in an overall up market day and I mistakenly sold the 420/425 Call Spreads.  Apple just seems to be running out of gas and is having a hard time advancing so I actually like my positions this week.  I did profit $53 on these positions today.

MA $589.29; 6 Contracts 585/580 Put Credit Spread; 2 Contracts 605/610 Call Credit Spread; 615/620 Call Credit Spread.  I was fortunate that Mastercard advanced to start the day.  I was holding 200 shares and sold all at a $393 profit.  The stock reversed and ended down almost $6 which is now putting me at risk on my put spreads.  I have no idea what will happen with this stock this week.  MA hit a 52 week high on Friday so having a pullback was expected.  Going forward it is up in the air.  Due to the reversal I only profited $196 on my positions in MA.

PCLN $888.63; 2 Contracts 850/845 Put Credit Spreads; 4 Contracts 860/855 Put Credit Spreads; 2 Contracts 895/900 Call Credit Spreads; 4 Contracts 905/910 Call Credit Spreads.  Priceline was up 33.47 today.  That was one of the largest increases I have seen in a non earnings day.  Luckily I am still within my strikes but I lost $43 on the day in my positions.  I'll be looking for PCLN to head lower tomorrow.  Otherwise, I could be in trouble on some of my call spreads.

AMZN $290.77; 5 Contracts 280/275 Put Credit Spreads; 5 Contracts 295/300 Call Credit Spreads.  Amazon also was up a lot today and I was up $14.50 on my positions today.  I'll be looking for the stock to head a little lower tomorrow.

NFLX $233.35 4 Contracts 215/210 Put Credit Spreads; 4 Contracts 245/250 Call Credit Spreads.  I was up $35 on these positions today.

TSLA $121.61; 2 Contracts 113/110 Put Credit Spreads; 3 Contracts 130/135 Call Credit Spreads.  I was up $35.50 on these positions today.

GOOG $905.41; 1 Contracts 890/885 Put Credit Spread; 1 Contracts 925/930 Call Credit Spread.  I was up $11 on these positions today.

SPY $164.26; 2 Contracts 162/161 Put Credit Spreads; 1 Contract 166/167 Call Credit Spread.  I was up $9.50 today.

Well there you have it.  Overall, my account showed a $261 profit but after commissions I was down $65.  Tomorrow should be interesting. 

Jonny

My Options Account on July 8, 2013, Part 1

Today has been a very busy day so far.  I have put on all my positions for the week and here are the stocks I'll be following:  AAPL, PCLN, MA, AMZN, NFLX, GOOG, TSLA, SPY. 

I was worried that I would be assigned on MA and luckily I wasn't!  My brokerage company (thinkorswim) purchased 200 shares of Mastercard on Friday to reduce my risk.  This actually create more risk but it all worked out as MA moved higher before open and after open.  I sold all 200 shares right at the open for 597.50 so I actually made $393 on the position.  Not a bad way to start the week. 

Today I made a lot of trades so my commissions have eaten up my profits but I'm down just slightly on the day so far.  I'll post my positions later.  I've had two straight great weeks and the third week is the key.

Jonny

My Options Account on July 5, 2013

Yesterday was expiration on my weekly options.  It was a great day for my options.  My big winner was Apple.  I needed Apple to go down between $1 and $6 and the stock finished down $3.30.  Pretty nice for that to happen in a big up day.  All my other stocks finished between my option strike prices so I made full profits on all my positions.  I finished the week up $3,237.65 for a 29.79% profit.

There was one hiccup that happened right at the end of the day yesterday that is sort of stressing me out.  Mastercard was sitting about $1.50 away from my 595 Call Strike price with about 20 minutes until close.  The market started to increase and Mastercard followed suit.  MA was moving up but was still over .50 away from 595 with one minute to go.  I didn't think I would need to buy back my 4 595 call options and just let the position ride.  The market makers moved this stock all the way up to 595.02 at close and now I'm going to be assigned on 400 shares short at 595.  I already bought 200 shares to reduce my risk but if this stock moves higher on Monday I could be losing a lot.  If the stock goes down I could make a lot.  Either way I just need to get out of this stock as early as possible on Monday.  I'm mostly upset because I need to pay the $15 commission per option assignment plus the $5 stock purchase commission so these fees really eat up a lot of money.  So hopefully MA goes down and this assignment won't hurt me.

Another tip if you work with an online broker is always try and negotiate better commissions.  I pay $1.50 per contract which is pretty good at thinkorswim.com.  If you want me to refer you to thinkorswim let me know and I should be able to get you these rates.  Just send me an email to jonnyg141414@gmail.com

Jonny

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My Options Account on July 3, 2013

Today went very well for my account.  The overall market was up a little a most of my stocks were up but not up much.  Apple was the stock I really wanted to go down but it was up again today by 2.48 to 420.97.  I am now looking at a major loss on my options in Apple.  The intrinsic value of my 420/425 Call option is .97 which means if the stock ends at 420.97 the actual value of the long options (buyers) would be .97.  I sold these options and to buy them back today it would currently cost me 1.95 so the time value of this option spread is .98.  I made a decision to hold onto this position due to this high time value and also due to the possibility that the market will go down on Friday.  Its taking an educated risk but I could lose an additional $305 per spread if Apple continues higher.  I bought back my 405/400 spread and sold the 415/410 put credit spread so my window for full profit is tight (415-420).  I lost $243 on my Apple options today.  The jobs numbers will really provide direction early on and I'll exit out of these positions immediately if the stock and market head higher or crash. 

All my other option positions moved in the correct way I was hoping for.  Mastercard was my big winner being up 3.12 to 586.18.  As long as MA doesn't go down below 580 on Friday I'll make a huge profit.  I made $507 on these options today. 

All my other positions did well and I made $772 on the day in my account.  I have a lot more profits left on the table so I'll be looking forward to Friday.  I should be able to bank full profits on all my options on Friday but there's a little risk with Apple, MA and GOOG if the market really moves a lot one way or the other.  I don't see that happening so I like my chances going into expiration. 

Jonny

My Options Account on July 2, 2013

Today was an interesting day.  The market was up early, then went down, then back up a little.  My positions are all the same as yesterday except Apple.  I bought back my 2 contracts of the 395/390 Put Credit Spreads and Sold 2 contracts of the 405/400 Put Credit Spreads.  Apple went up 9.79 to 419.01 so it is getting very close to my 420 Call Strike.  I'm nervous about these options now and will watch closely tomorrow morning.  I believe the market closes at 1pm EDT tomorrow. 

All my other positions made money today and even though I lost $282 in Apple my account was up $495 on the day.  I'm a little uneasy about Apple, Google, and Mastercard right now. I need Apple to stay the same or go down and I need Google and Mastercard to stay the same or go up.  I hate situations like this because I generally will lose on one or two of my positions.  Tomorrow will be telling.

Jonny

My Options Account on July 1, 2013 Part 1

Today I put on all my positions.  On Friday I sold a few put credit spreads in Apple and Google and both of those were up nicely today.  Here is a summary of all my positions for this week:

AAPL $410.50; 4 Contracts 395/390 Put Credit Spreads; 2 Contracts 405/400 Put Credit Spreads; 6 Contracts 420/425 Call Credit Spreads.  I'm up $75 on these options today and feel pretty good about Apple staying pretty flat this week.

AMZN $282.48; 3 Contracts 270/265 Put Credit Spreads; 3 Contracts 290/295 Call Credit Spreads.  My profits on this position won't be very big but I feel good about a full profit on this position.

GOOG $889.76; 1 Contract 865/860 Put Credit Spread; 2 Contracts 875/870 Put Credit Spreads; 3 Contracts 910/915 Call Credit Spread.

MA $585.07; 6 Contracts 580/575 Put Credit Spread; 4 Contracts 595/600 Call Credit Spreads; 2 Contracts 605/610 Call Credit Spreads.  I am taking a little more risk on this position this week but the premiums I sold at were huge.

NFLX $224.37; 2 Contracts 205/200 Put Credit Spreads; 2 Contracts 215/210 Put Credit Spreads; 4 Contracts 230/235 Call Credit Spreads.  Netflix has gone up a lot today but I still have a 5.50 cushion on the upside.

PCLN $841.73; 3 Contracts 825/820 Put Credit Spreads; 3 Contracts 860/865 Call Credit Spreads.

TSLA $115.91; 2 Contracts 108/103 Put Credit Spreads; 2 Contracts 125/130 Call Credit Spreads.

Overall my account is down $80 on the day.  A negative is normal on Mondays and I'll be looking for large gains tomorrow.  I'm not sure which direction the market will go tomorrow.  My guess would be a slight pull back but the good news could keep the momentum going.

Jonny

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