This is an interesting one, i’ve heard about this in seminar but never thought I would have an opportunity to try it.
AAPL - Traded 23rd July 2007
Options/Contract = 100
Buy 100 AAPL @ $141.90 ($14,190)
Sell 1 AAPL 145 Calls @ $7.30 ($730)
Time Value: $7.30
Intrinsic Value: $0
Net Cost/Breakeven Point: $134.6
Premium: 5.03% ($7.30/$145)
The Trade - 25th July 2007
Buy [...]
Not a fantastic month, at least i know next month is going to be a better one!
Anyways, here’s the summary
JBM- profit $790.6 (put spread)
QBE - profit $801.8 (put spread)
OSH - profit $1,420.26 (naked put)
FXR - profit $1,836 (CFD)
NVDA - profit $879.82 (covered call) - AUD Equivalent ($1,002.99)
WPL - donated $4,863.3 (put spread)
This month profited $987.83
So [...]
Looking at this trade more carefully, I clearly missed the double top warning signal. I will watch out for that next time!!
My Initial trade
The Trade (WPL) - Traded on 23rd July 2007
Sell Jul $45.5 Puts @ $0.31
Buy Jul $45.0 Puts @ $0.18
Expiry = 26/07/2007
Share/Contract = 1000
I closed this trade on 25th July 2007
Sell Jul $45.5 [...]
ANZ was trading at the upper strike today, market has been very volatile again… and its one day before options expiry so i’m a bit cautious for this trade and decide to not take the chance and roll it out for the next month.
The Trade (ANZ) - Traded on 13th July 2007
Sell Jul $29.26 Puts [...]
Earning reports was up, pre market trade saw this stock move 4%. once the stock opened I was watching the minute chart for an hour… Thats 60 bars!!! anyways, I saw a triangle forming and on the 60th minute the breakout happened… I’m bullish on this stock because of the good earning report so i’m [...]
These are one of the two highest yielding stock in terms for rental return for August (25 days to expiry) AMZN I wrote in the money to be more defensive, AAPL I wrote an out of the money option and if I get exercise then I will make an extra 1.48%
The Trade - 23rd July [...]
WPL is trading at its support level, taking a chance on this one as I think it will bounce back in the next 3 days. A bit of a speculative trade, this is pretty safe though… was recommended on this trade and usually its successful trades.
The Trade (WPL) - Traded on 23rd July 2007
Sell Jul [...]
Closed my OSH today. The reason for this was to reduce my exposure to the market because I opened a spread for WPL.
The Trade (OSH) - Traded on 4th July 2007
Sell Jul $4.22 Puts @ $0.145
Stock closed at 4.15 today, so there is 7c intrinsic value & 7.5ctime value
Buy Jul $4.22 Puts @ $0.02 - [...]
Got assigned on my NVDA - Everything here is in US dollars
The Trade (18th June 2007)
Shares/Contract = 100
Buy 500 NVDA @ $39.91 (-$19,955)
Sell 5 NVDA 40 Calls @ $1.76 (+$880)
NVDA closed @ 39.57 on this day
I was exercised/assigned (20th July 2007)
Sell 500 NVDA @ $40 (+$20,000)
NVDA closed @ 45.10 on this day
Net Transactions: -$19,955+$880+$20,000= $925
Brokerage [...]
Reason
The US market did very well yesterday night and the Australian market followed, although the Australia market did not close on a high I believe due to the world market sentiment the Australia market will perform well for next week.
CTX (Caltex) - the price dropped heavily due to poor production performance reported a few [...]
