Stock / Symbol: [private_monthly]Baidu / BIDU [/private_monthly]
Option Strategy: calendar call spread --> adjusting to diagonal call spread
Entry date: Oct 26th; Price at trade entry: $113.09
Current Position:
Long 1 Jan11 115 Call @ $9.24 (current value is $5.10)
Adjusted Cost Basis: $6.82 (with sale of 1 Nov 115 Call ($1.61) & 1 Nov 120 Call ($0.81))
Current Cash generated: $242
Current Uncalled return: 26%
Adjustment:
STO (Sell To Open) 1 Dec 120 Call @ $1.28 (using good till canceled limit order)
Max Risk (adjusted): $554; Max Reward (adjusted): $339 @ 120 (Dec 17th); Max Return: 49%; Uncalled Return: 19%; Profit Range: $114.76 - $140.08 (on Dec 17th)
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Stock / Symbol: [private_monthly]Verifone / PAY [/private_monthly]
Option Strategy: diagonal call spread
Entry date: Nov 2nd; Price at trade entry: $34.84
Current Position:
Long 1 Apr11 34 Call @ $5.13 (current value is $3.50)
Adjusted Cost Basis: $4.60 ( with sale of 1 Nov 37 Call ($0.53) )
Cash generated: $53
Uncalled return: 10%
Adjustment:
STO (Sell To Open) 1 Dec 37 Call @ $0.50
Max Risk (adjusted): $410; Max Reward (adjusted): $148 @ 37 (Dec 17th); Max Return: 32%; Uncalled Return: 10%; Profit Range: $34.70 - $43.21 (on Dec 17th)
Note: Earnings are on Dec 2nd after market so we may decide to close out or adjust this trade on Dec 2nd.
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Stock / Symbol: [private_monthly]Zions Bancorp / ZION [/private_monthly]
Option Strategy: diagonal call spread
Entry date: Oct 6th; Price at trade entry: $21.94
Current Position:
Long 2 Jan12 20 Calls @ $4.83 (current value is $3.45)
Adjusted Cost Basis: $3.53 ( with sale of 2 Nov 22 Calls ($1.30 ea.) )
Cash generated: $260
Uncalled return: 27%
Adjustment:
STO (Sell To Open) 2 Dec 22 Calls @ $0.30 (using good till canceled limit order)
Max Risk (adjusted): $646; Max Reward (adjusted): $272 @ 22 (Dec 17th); Max Return: 38%; Uncalled Return: 8.50%; Profit Range: $19.98 + (on Dec 17th)
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