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Saturday, 20 February 2010

February 2010

New Trades for April 2010:
Sell to Open EWZ Apr 64 Put $1.56 1 $156 22/2/2010
Sell to Open GDX Apr 41 Put $1.30 1 $130 22/2/2010
Sell to Open XLE Apr 55 Put $1.32 1 $132 22/2/2010
Sell to Open EEM Apr 38 Put $1.18 1 $118 22/2/2010
Sell to Open FXI Apr 38 Put $1.35 1 $135 22/2/2010
Sell to Open XLF Apr 14 Put $0.83 3 $249 22/2/2010
Sell to Open UNG Apr 9 Put $0.62 1 $186 22/2/2010
Sell to Open IWM Apr 60 Put $1.28 1 $128 24/2/2010
Sell to Open SPY Apr 103 Put $1.24 1 $124 24/2/2010

New Trades for Dec 2010:
Sell to Open XLE Dec 53 Put $4.50 1 $450 23/2/2010

New Trades for Jan 2011:
Sell to Open GDX Jan 39 Put $4.40 1 $440 23/2/2010


Old Trades:
Sell to Open EEM Feb 38 Put $1.28 1 $128 expired worthless
Sell to Open XLF Feb 14 Put $0.56 3 $168 expired worthless
Sell to Open FXI Feb 39 Put $1.26 1 $126 expired worthless
Sell to Open XLF Feb 15 Call $0.40 3 $120 expired worthless
Sell to Open GDX Feb 40 Put $1.20 1 $120 expired worthless
Sell to Open SPY Feb 103 Put $1.35 1 $135 expired worthless
Sell to Open EWZ Feb 66 Put $1.35 1 $135 expired worthless

Feb cash in/out: $2248
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4 comments:

  1. Market Monk27 February 2010 at 18:33

    Hi uktank,

    Congrats on having yet another successful month of selling options. Every single one of the February options were in the red during that sell off and only recently came back into the black.

    I find it interesting that you are selling some long dated options (the Jan 2011 ones) in order to pick up some decent potential yields. Would you be willing to explain your thought process behind the trades?

    Regards,
    MM

    ReplyDelete
  2. Market Monk27 February 2010 at 19:02

    By the way, where did you get these 300 shares of UNG to sell? I see the same sale reported last December. It would be nice if you could come up with a way show which shares you are in possession of at the end of each expiration.

    ReplyDelete
  3. uktank6 March 2010 at 00:03

    hi mm,

    thank you for your comments.

    i have 2 long dated positions this month based on my perception of the 2 ETFs in the long term. i have the confidence in GDX and XLE as these are highly regarded commodities that i think will move up in the long term.

    yes, the 300 shares is a oopy and paste mistake. :) rectified already, thank you for highlighting it out.

    uktank

    ReplyDelete
  4. Market Monk6 March 2010 at 16:56

    Thank you for continuing to share your methodology and trades with us.

    MM

    ReplyDelete

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