Near the Money or Just Out Of the Money Options Strangle Trades (Buy Both Calls and Puts), FINAL RESULTS. 20 Trades for +69%.
Traded:
APC, BIDU, C, CAT, FB, FSLR, GM, LVS, PM and POT
MTT Paper Trade Study: Entries purely based on personal chart reads at points where a move might be likely. Buy both calls and puts to avoid making call on getting it right, just a call that a move is likely. Some personal favorite chart reads:
- Inflection pattern
- Narrowing range, 7 or 8 bars
- Tail outside of bollie
- kissing at MA
Trades: Cumulative performance based on $1 total trade with 10% net commission (on 3 trades to open and close position, 2 to open and 1 to close), and starting portfolio of $10 (e.g., commit 10% of initial balance per trade.)
1.)
2/14/2013
CAT Feb 22 2013 95.0 Put @ 0.5
CAT Feb 22 2013 97.5 Call @ 0.44
Total: 0.96
2/20/2013
Sold Put: 1.94
Return less 10% commish: 92.1%
Cum Ret: $0.92, Portfolio Ret (%): 9.2%
2.)
2/20/2013
FSLR Feb 22 2013 36.0 Put @ 0.74
FSLR Feb 22 2013 36.5 Call @ 0.54
Total: 1.28
2/21/2013
Sold Put: 1.99
Return less 10% commish: 45.5%
Cum Ret: $1.38, Portfolio Ret (%): 13.8%
3.)
2/21/2013 GM Mar 1 2013 26.5 Call @ 0.36
GM Mar 1 2013 26.5 Call @ 0.36
GM Mar 1 2013 26.0 Put @ 0.27
Total: 0.63
3/1/2013
Sold Call: 0.64
Return less 10% commish: -8.4%
Cum Ret: $1.29, Portfolio Ret (%): 12.9%
4.)
3/1/2013
FB Mar 8 2013 28.0 Call @ 0.56
FB Mar 8 2013 27.5 Put @ 0.43
Total: 0.99
3/7/2013
Sold Call: 0.65
Return less 10% commish: -44.3%
Cum Ret: $0.85, Portfolio Ret (%): 8.5%
5.)
4/8/2013
CAT Apr 8 2013 85 Call @ 0.40
CAT Apr 8 2013 82.50 Put @ 0.27
Total: 0.67
4/9/2013
Sold Call: 1.55
Return less 10% commish: 121.3%
Cum Ret: $2.06, Portfolio Ret (%): 20.6%
6.)
4/8/2013
FB Apr 8 2013 27.0 Call @ 0.31
FB Apr 8 2013 26.5 Put @ 0.21
Total: 0.52
4/10/2013
Sold Call: 0.77
Return less 10% commish: 38.1%
Cum Ret: $2.44, Portfolio Ret (%): 24.4%
7.)
4/8/2013
BIDU Apr 8 2013 85 Call @ 0.68
BIDU Apr 8 2013 82.50 Put @ 0.55
Total: 1.23
4/10/2013
Sold Call 2.75
Return less 10% commish: 113.6%
Cum Ret: $3.58, Portfolio Ret (%): 35.8%
8.)
4/15/2013
APC Apr 20 2013 82.50 Call @ 0.59
APC Apr 20 2013 80 Put @ 0.85
Total: 1.44
4/18/2013
Put 1.75
Return less 10% commish: 11.5%
Cum Ret: $3.69, Portfolio Ret (%): 36.9%
9.)
4/15/2013
LVS Apr 20 2013 55 Call @ 0.54
LVS Apr 20 2013 52.50 Put @ 0.38
Total: 0.92
4/18/2013
Put 1.22
Return less 10% commish: 22.6%
Cum Ret: $3.92, Portfolio Ret (%): 39.2%
10.)
4/16/2013
FB Apr 20 2013 27.0 Call @ 0.29
FB Apr 20 2013 26.5 Put @ 0.18
Total: 0.47
4/18/2013
Put 0.69
Return less 10% commish: 36.8%
Cum Ret: $4.29, Portfolio Ret (%): 42.9%
11.)
4/18/2013
POT Apr 26 2013 38.50 Call @ 0.58
POT Apr 26 2013 38 Put @ 0.58
Total: 1.18
4/25/2013
Call 2.14
Return less 10% commish: 71.4%
Cum Ret: $5.00, Portfolio Ret (%): 50.0%
12.)
4/19/2013
GM Apr 26 2013 29.50 Call @ 0.28
GM Apr 26 2013 29 Put @ 0.45
Total: 0.73
4/24/2013
Call 1.05
Return less 10% commish: 33.8%
Cum Ret: $5.34, Portfolio Ret (%): 53.4%
13.)
4/22/2013
APC Apr 20 2013 82.50 Call @ 0.65
APC Apr 20 2013 80 Put @ 0.81
Total: 1.46
4/25/2013
Call 1.56
Return less 10% commish: -3.2%
Cum Ret: $5.31, Portfolio Ret (%): 53.1%
14.)
4/29/2013
POT Apr 26 2013 41.50 Call @ 0.33
POT Apr 26 2013 41 Put @ 0.30
Total: 0.63
5/2/2013
Call 0.46
Return less 10% commish: -37.0%
Cum Ret: $4.94, Portfolio Ret (%): 49.4%
15.)
5/2/2013
C May 10 2013 47 Call @ 0.44
C May 10 2013 46.50 Put @ 0.61
Total: 1.05
5/8/2013
Call 1.63
Return less 10% commish: 45.2%
Cum Ret: $5.39, Portfolio Ret (%): 53.9%
16.)
5/2/2013
GM May 10 2013 31.50 Call @ 0.36
GM May 10 2013 31 Put @ 0.39
Total: 0.76
5/8/2013
Call 0.67
Return less 10% commish: -21.8%
Cum Ret: $5.17, Portfolio Ret (%): 51.7%
17.)
5/6/2013
BIDU May 10 2013 87.50 Call @ 0.81
BIDU May 10 2013 85 Put @ 0.50
Total: 1.31
5/8/2013
Call 3.5
Return less 10% commish: 157.2%
Cum Ret: $6.74, Portfolio Ret (%): 67.4%
18.)
5/7/2013
APC May 10 2013 90 Call @ 0.56
APC May 10 2013 87.50 Put @ 0.66
Total: 1.12
5/9/2013
Put 0.59
Return less 10% commish: -57.3%
Cum Ret: $6.17, Portfolio Ret (%): 61.7%
19.)
5/7/2013
PM May 18 2013 95 Call @ 0.40
PM May 18 2013 92.50 Put @ 0.46
Total: 0.86
5/15/2013
Call 1.35
Return less 10% commish: 47.0%
Cum Ret: $6.64, Portfolio Ret (%): 66.4%
20.)
5/9/2013
FB May 18 2013 27.50 Call @ 0.39
FB May 18 2013 27 Put @ 0.37
Total: 0.76
5/16/2013
Put 1.04
Return less 10% commish: 26.8%
Cum Ret: $6.91, Portfolio Ret (%): 69.1%
