Monday, July 8, 2013

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


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