Tuesday, March 19, 2013

Progress of option trades so far

Dear fellow option traders,

Here were the 2 trades that I had established last month :


Sold Iron Condor with DIA. 5 contracts. Have adjusted once. Bought back the Mar13 143/145 Call spread and extend the upper price range by selling 5 nos. of Mar13 144/146 Call spread.

On 11/3/13, bought back the Mar13 137/135 Put spread at $0.05.

As for the Double Calendar established with IWM on 16/2/13 with 5 contracts :


I sold the double calendar position at $2.01 for a profit of $170 (excluding commissions).

At the same time, established 2 new positions on 15/3/13 :


Sold Iron Condor with SPY. 5 contracts. capital outlay = $625. Possible credit = $375.




Bought Double Calendar with IWM. 5 contracts. capital outlay = $695. Possible credit = $480.


Yours Truly,

Tony Chai

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