Friday, December 10, 2010

Update 12/10/10

Click to go to the VEGA Trading discussion forum on Insane Money

Overall it was a flat week but I did make some adjustments during the week.

NOV Bullish Diagonal
After a couple of down days I covered NOV on Wednesday by selling 4 Jan 11 65 Calls for 1.58. The position was down a little this week with profit now standing at 200%.


FCX Bullish Diagonal
FCX had a good week and ended up about 4 points. There were no adjustments made to this position and the overall profit is 144%.


XLE Bullish Diagonal
XLE was flat this week but I did cover the long position after 2 down days. On Wednesday, I sold 3 Jan 11 68 calls for 0.77. Current profit stands at 168%.


CTRP Bearish Diagonal
I am not having much luck with bearish positions. CTRP was up about a point this week and on Tuesday I rolled the short puts up from the 40 strike to the 42.5 strike for 0.60 credit. The position is down 9 % overall.


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