Announcement

After a moderately successful year I've decided to take a hiatus from the blog.  I'll still be trading, but I want to focus my attention on other things like teaching options trading, and less time keeping up with the blog.
I intend to return to it next year, perhaps in a more abbreviated form.

Thanks,
Bo

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Previous Trades]
I decided to take advantage of the drop in BABA this morning and rolled my inverted strangle to the next expiration (NOV) to collect additional credit and extend the duration of the trade.  However, BABA has earnings on 11/1, so there is the risk of a large upward move at that time if the news is favorable.  This inverted position has an intrinsic value of $45, so my goal with every adjustment is to chip away at that to get as close back to break even as I can before I close the position.

Rolled: five 15 OCT 135/180 BABA inverted Strangles @$3.66

• Bought: five 15 OCT 135/180 BABA inverted Strangles @$47.00
• Sold: five 15 OCT 135/180 BABA inverted Strangles @$50.66

Total Credit: $1,831.00
Total Commissions/Fees: $13.44
Balance: $56,943.22

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Previous Trades]
Rolled the 175 inverted Puts up to 180 within the OCT cycle.

Rolled five 15 OCT BABA 170 Puts @$2.04

• Bought: five 15 OCT 170 Puts @$3.31
• Sold: five 15 OCT 170 Puts @$5.35

Total Credit: $1,020.00
Total Commissions/Fees: $6.49
Balance: $55,125.20

Closing Trade - 20 OCT ATVI 57.5/70 Strangle

Closing Trade [Opening Trade]
Bought: three 20 OCT ATVI 57.5/70 Strangles @$0.75

Total Debit: $225.00
Total Commissions/Fees: $0.85
Balance: $54,111.69
Trade P/L: $199.28
YTD Realized P/L: $9,006.26
YTD ROC: 27.9%

Trade Adjustment - 20 OCT MA 125/140 Strangle

Trade Adjustment [Opening Trade]
MA jumped to 140 this morning with the Market's rally so I decided to roll my 125 Puts up to 140 within the OCT expiration to create a straddle.

Rolled: three 20 OCT MA 125 Puts @ $2.40

• Bought: three 20 OCT MA 125 Puts @$0.30
• Sold: three 20 OCT MA 140 Puts @$2.70

Total Credit: $720.00
Total Commissions/Fees: $3.88
Balance: $54,337.54

New Opening Trade - 20 OCT MA 125/140 Strangle

Opening Trade
Sold: three 20 OCT MA 125/140 Strangles @$1.58

Total Credit: $474.00
Total Commissions/Fees: $6.87
Balance: $53,621.41

Closing Trade - 15 SEP XLE 64/64.5/65.5 Ratio Spread

Closing Trade [Opening Trade]
With 14 days left to expiration I decided to scratch the trade for a small profit.

Bought: five 15 SEP XLE 64/64.5/65.5 Ratio Spreads @$0.70

Total Debit: $350.00
Total Commissions/Fees: $2.17
Balance: $53,154.29  
Trade P/L: $45.65
YTD Realized P/L: $8,806.98
YTD ROC: 27.3%