($860) DEST10: L 3 GS Jul13 200/225/237 132 in calls from 14.82 OUT 18.33 +1,053 DEST11: L 4 BA Jul13 300/340/360 132 in calls from 23.65 OUT 29.29 +$2,256 DEST12: L 3 AZO Jul20 600/680/720 132 in calls from 44.55 MTM 46.75 +$660 DEST13: L 1 SPX Jul9 2630/2730/2780 132 in calls from 53.45 OUT 60.20 +$675 DEST14: S 5 SPX Jul6 2640/2670/2760/2790 irons from 4.60 OUT 1.80 +1,400 DEST15: L 2 GOOGL Jul13 1070/1140/1175 132 in calls from 30.40 OUT 32.40 +400 DEST16: L 2 GOOGL Jul13 50/60 call verts from 4.05 OUT 2.55 ($300) DEST17: L 1 SPX Jul6 2730/2770/2790 132 in calls from 9.35 OUT 9.55 +20 DEST18: L 1 SPX Jul9 2680/2720/2800 231 in puts from 46.70 MTM 40.50 ($620) DEST19: L 1 GOOGL Jul13 1085/1125/1205 231 in puts from 42.25 MTM UNCH DEST20: L 1 Jul13 NQ 6750/7000/7500 231 in puts from 270.00 MTM 235.00 ($700) DEST21: L 1 ESU8 from 2738.25 to open. MTM 2762.00 +$1,188 Closed and MTM gains to date: $5,192
100 BAC Jul6 29C from 0.34 ($3,400) 20 CGC Jul20 25C from 5.00 MTM 5.10 mid +$200 25 VMC Aug17 135P from 8.40 MTM 7.00 mid ($3,500) 30 SYMC Aug17 19C from 2.00 MTM 2.50 mid +$1,500 20 MGM Aug17 27C from 2.23 MTM 2.60 mid +$740 vanzandt MTM loss: ($4,460)
Bigger question is why have a trading competition at all.....just wastes a lot of time. The loser (VZ) just sneaks away and makes up BS excuses and the winner is told he cannot trade that way for real. Also let us not forget the fact that anyone could have a good 60 days trading, if we put 100 people together, someone would have to win guaranteed even if they were blindly putting on trades.
Please explain a real option position using an example that is positive delta, gamma, theta and vega?
You're too clever by half. If the rules allow loading up on short gamma & vega, then the "winner," assuming no LJM style blowups during the competition, is whoever sells the most premium.