Updates for positions with legs expiring today:
Stock / Symbol: CROCS / CROX
Option Strategy: call spread risk reversal
Entry date: Mar 2nd
Adjustment date: Apr 5th (closed call spread)
Price at trade entry: $17.31
Price at trade close: $18.xx
Current position:
Short -1 CROX APR 16 Put (expiring today)
Update: We closed the call spread portion of this trade on Apr 5th for a small profit. The 16 strike put we sold for $0.60 will expire worthless today, allowing us to keep the full premium from its sale.
Risked: $1600
Realized Reward: $85 (pre-commission)
Realized Return: 5.31% (pre-commission)
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Stock / Symbol: Russell 2000 Index / RUT
Option Strategy: iron condor
Entry date: Mar 15th
Adjustment date: Apr 1st (closed call positions)
Price at trade entry: $780.48
Price at trade close: $8xx.xx
Current position:
Short -2 RUT APR 700 Puts (expiring today)
Long -2 RUT APR 690 Puts (expiring today)
Update: The put spread portion of this trade will expire worthless today, allowing us to keep the full $1.21 per contract we took in from selling the spread.
Risked: $1730
Realized Reward: $193 (pre-commission)
Realized Return: 11.18% (pre-commission)
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Stock / Symbol: [private_monthly]Apache / APA [/private_monthly]
Option Strategy: calendar call spread
Entry date: Jan 14th
Price at trade entry: $124.57
1st adjustment date: Feb 16th
2nd adjustment date: Feb 17th
3rd adjustment date: Feb 22nd
4th adjustment date: Mar 21st
Update: The Apr 130 call we sold will expire worthless today, giving us an uncalled return of 11.50% for the month. Next, we'll look to either sell the May 130 call against the position or simply close the position with the stock pushing back up over 125.
Current Position:
[private_monthly]
Short 1 APA Apr 130 Call (expiring today)
Long 1 APA Jul 125 Call
[/private_monthly]
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Stock / Symbol: [private_monthly] iPath S&P 500 VIX Short-Term Futures / VXX [/private_monthly]
Option Strategy: diagonal call spread
Entry date: Mar 24th
Price at trade entry: $30.67
Update: The Apr 34 call we sold will expire worthless today, giving us an uncalled return of 12% for the month. Next week, we'll look to sell a May call against the position.
Current Position:
[private_monthly]
Short 1 VXX Apr 34 Call (expiring today)
Long 1 VXX Jan12 30 Call
[/private_monthly]
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