A personal finance blog about trading, investing, and other wealth building strategies. Learn how to trade options, get trade ideas, and make money online from home.
This trade went from perfect to not so great, but at least I am glad I rolled from the Sep 19 Puts to 18 just before close yesterday. Bought back the short Sep 20 calls for a nickel so that is a nice winner, will just wait till tomorrow to see what to do with the short 18 weekly puts.
Trade Update: HPQ is a pig so forced to make some adjustments. Rolled the weekly 18 puts to monthly Sep. 17 puts for $0.07 credit, then sold Sep. 18 calls for $0.41 against all the short puts. Position is now:
-50 HPW Sep 18 Call -20 HPW Sep 18 Put -30 HPW Sep 17 Put
Few adjustments made this week. On 9/11 bought in the Sep 17 puts for $0.13, and the Sep 18 puts for $0.48. On 9/12 sold out the Sep 18 puts for $0.33.
Position going in to expiration week is now short the straddle:
This trade went from perfect to not so great, but at least I am glad I rolled from the Sep 19 Puts to 18 just before close yesterday. Bought back the short Sep 20 calls for a nickel so that is a nice winner, will just wait till tomorrow to see what to do with the short 18 weekly puts.
ReplyDeleteTrade Update:
ReplyDeleteHPQ is a pig so forced to make some adjustments. Rolled the weekly 18 puts to monthly Sep. 17 puts for $0.07 credit, then sold Sep. 18 calls for $0.41 against all the short puts. Position is now:
-50 HPW Sep 18 Call
-20 HPW Sep 18 Put
-30 HPW Sep 17 Put
HPQ continues to be a pig so sold 10 more of the 18 Calls for $0.20.
ReplyDeleteFew adjustments made this week. On 9/11 bought in the Sep 17 puts for $0.13, and the Sep 18 puts for $0.48.
ReplyDeleteOn 9/12 sold out the Sep 18 puts for $0.33.
Position going in to expiration week is now short the straddle:
-60 HPQ Sep 18 Call
-60 HPQ Sep 18 Put