MyWealthyOptions

Strategy, Approach and Statistics

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Tuesday, April 3, 2012

Position 69 added: SPY Calendar Spread

SPY Calendar Spread
(Sell APR 05 '12 142 Call
Buy APR 20 '12 142 Call)

Comments: Trade should be profitable if SPY closes between 141 and 143
on Thursday

Position 68 added: TLT Spread

TLT Calendar Spread at $0.74
(Sell APR 05 '12 112 Call
Buy APR 20 '12 112 Call)

Comments: Market is expected to rise which will result in price drop
of TLT. A rollover to next week is likely if position doesn't perform
on expected lines. Target $0.90+

Monday, April 2, 2012

Added first position on Hedged Balanced Portfolio

VXX Calendar Spread at $ 1.77

(Sell APR 05 '12 17 Call

Buy JUN 15 '12 17 Call)

Comments: VXX will stay low in the near-term and a bounce back in the summer is a possibility. I will let the short leg expire on Apr 05 or rollover to generate additional rental income.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Friday, March 23, 2012

Position 63: position 62 doubled

SPY Butterfly at $1.20

(+ MAR 30 '12 136 Call

- MAR 30 '12 139 Call

+ MAR 30 '12 142 Call)

Updates to the "Last 10 trades" section of the blog will be made shortly.

Potent position 62: SPY Butterfly

SPY Butterfly at $1.25

(+ MAR 30 '12 136 Call

- MAR 30 '12 139 Call

+ MAR 30 '12 142 Call)

Comments: My order is working. I will count it as a trade if execution takes place. I am expecting a market drop on Monday. Today's mild rally is due to oversold market conditions.

Updates to the "Last 10 trades" section of the blog will be made shortly.

Thursday, March 22, 2012

Position 61 added: SPY Diagonal Spread

SPY Diagonal Spread at $1.67

(Sell MAR 23 '12 139 Call

Buy APR 20 '12 139 Call)

Comments: one day trade for 10% gain

Updates to the "Last 10 trades" section of the blog will be made shortly.

Position 59 and 60 closed for decent gains

Please see the blog