Position Updates – 12/20/2013

A busy week as December Options expiration is upon us. Here are some of the adjustments I made to existing positions:

  • $AER A “to fade” play (short). This has a January 32.5/35 Bear Collar as well
  • $AMBA I am long stock and short January 24 Calls against stock. The long December 22/17 PS went poof
  • $APC I am long stock. I adjusted the Options to a January 80/80/75 Collar Put Spread
  • $CCL I was long stock into Earnings (long since 10/21). The December 35/32 PS went poof. I am short January 37 Calls against long stock
  • $CONN I am short stock and short the January 75 Straddle. I have a beefy $9.95 Option cushion to work with
  • $DAL I am long stock with a January 3 weekly $27 Collar
  • $TRIP I am long stock with a January 85/82.5 Collar
  • $XONE I am short the January 50/40 PS & 60/65 CS. I have an Options cushion of $22.50 to work with
  • $DVA I am long stock with an April 62.5/60/50 Collar PS

Exits

  • $AGN This was a quick short trade on patent news
  • $CADX This was a “to fade” play
  • $CRZO The stock was called away. The short 37.5 Puts went poof
  • $CYTR This was a “to fade” play
  • $RMTI This was a long stock position but the gains came from the Collar
  • $RRGB I had Short December 80 Calls remaining, these went poof
  • $GTLS a Submarine Basket position (stock called away). Most of the gains came from a Collar
  • $WDAY This was an Earnings trade (kept 70% of the premium collected)
  • $CBRL This was an Earnings trade (short strangle expired, kept all premium)
  • $PAY This was an Earnings trade (short straddle)
  • $FDX This was a post-Earnings trade (dip buy)
  • $RICK This was a post-Earnings trade (after hours short)
  • $BBRY This was a post-Earnings trade (dip buy)
  • $VRA This was an Earnings trade (short straddle, kept 75% of the premium collected)

Current Earnings trades:

  • $VMW I am long the January 80/82.5 CS & short the January 82.5/80 PS
  • $LGF I am long stock and short the January 32 Puts
  • $KKD I am long stock at $23. I have an Options cushion of 2.25
  • $ULTA I am long stock at 98.7375 (1/3 size) and short the Jan 92.5 Straddle (1/3 size each). I have an Options cushion of $9.95
  • $COST I am short the December 27 weekly 117 Puts
  • $LULU I am short the December 27 weekly 58 Puts

Current Submarine Basket:

  • $ADT
  • $CPB
  • $EBAY
  • $FNSR
  • $HTZ
  • $GME
  • $NCR

Here is the Summary (almost every position had some activity this week lol):

Positions_12212013

 

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