Bought back ADCT for $1.65, ADCT Mark 22.75. Reason, ADCT got downgrade, my view does not change but I don't want to fight it. Also, the whole trade start being -Theta due to the 25 put was way in the money, and 22.5 was ATM. Lost $65 on this one. So, the total profit so far is $600-$65 = $535
Thanks. If they were equity, I'm familiar with them and I took directional bet on them. For SPY and SPX, I listended to Coach Phil and you guys on SPX spread forum. The consensus seems to be uptrend so I only sell put spread. For this month on spy, I did a lot more diag put spread than vertical. I enjoyed reading your post over there.
SOLD -1 VERTICAL GOOG 100 JAN 06 400/390 PUT @1.35 ISE, GOOG MARK 424.32 Goog took a good drop today around $6. I think goog support is around $400. This is low reward high probability and high risk trade.
SOLD -1 VERTICAL SPY 100 JAN 06 125/124 PUT @.25 ISE, SPY MARK 125.78 Total: Delta 49 Gamma -20.36, Theta 6.87, Vega 15.5
Those greeks must be for all positions you have on SPY right? You have two PUT verticals and a PUT calendar, is that correct? Anything else? Just want to follow along. MoMoney.
So that's $135 reward on $865 risk. What is your stop loss going to be on this? I don't think it's as high probability as it looks...but I'm sure you are familiar with GOOGs vol. I did a similar PUT spread last month after the downgrade circa 28/11 and it worked out nicely. Hope you have the same success! Good luck. MoMoney.
Mo Yes, those greeks are all my positions. I opened a new position so many times it's difficult to keep track. I applied TOS portfolio management style to just look at those greeks: After all of spy trades, here is my positions: At TOS +1 Jan 123 Put +1 Jan 124 Put -2 Jan 125 Put -1 Jan 129 Call +1 Jan 130 Call At IB -1 jan 122 Put, +1 Feb 124 Put -1 Jan 123 Put, +1 Jan 121 Put -1 Jan 126 Put, +1 Mar 126 Put -1 Jan 124 Put, +1 Feb 124 Put -1 Jan 124 Put, +1 Feb 123 Put In short, at TOS, I have one IC and one vertical credit put spread. At IB, I have some diags, calendars, and one vertical credit put spread. I did not put these things out because I was waiting for a virtual portfolio from new version of TOS software. It should let me keep tracks of these easier.
Mo, I don't have stop loss. This trade is set to run till it end or I might take it out in last week. This is probably my 10th goog trade since the stock was $180. Had I simply bought stock, I could have earned more than doing all credit spreads. Thanks!