NOV Bullish Diagonal
I made several trades on NOV this past week. On Wednesday I rolled the short Mar 80 calls up to Mar 85 calls for a 2.13 debit. This trade was to realign the delta difference between the long and short calls as it was less than 0.15 which risks delta inversion. On Thursday I bought those same Mar 85 calls back for 1.65 after NOV had moved higher 2 consecutive days. In order to buy them back I also had to sell 2 of my longs, the May 75 calls for 9.55. The current position is 11 May 75 calls for 3.00 debit and the overall profit is 614%.
XLE Bullish Diagonal
XLE moved higher last week and on Thursday I bought back the shorts for 2.10. I had to sell one long Jun 70 call for 7.85 to finance the purchase. Profit on the XLE position is now 448%.
UA Bullish Diagonal
On Tuesday I covered UA by selling 4 Mar 70 calls for 1.70. Overall profit at Friday's close is 151%.
Posts
No comments:
Post a Comment