Update 4/15/11

NOV Bullish Diagonal

After being down earlier in the week, NOV bounced back the last two days and I uncovered the long calls today by buying the May 87.5 for 0.60. Profit was down again this week and now stands at 349%.

XLE Bullish Diagonal

XLE had price action similar to NOV and on Tuesday I covered XLE by selling 5 May 80 calls for 0.65. Today I uncovered by buying those calls back for 0.86. Profit on XLE is 440%. 

UA Bullish Diagonal

UA was fairly flat last week. I was able to roll the longs out on Tuesday and up a strike for a 0.05 credit. Profit is now 292%.

DECK Bullish Diagonal

I decided to close the DECK bullish diagonal on Monday. It was time to roll the long out as the number of days to expiration was approaching 60 yet the position was at a loss, so I did not want to add to a losing position. Finall tally on this DECK trade was a loss of 16%.

MHS Bearish Diagonal

I opened a bearish diagonal on MHS on Tuesday. The trade was long 3 Oct 62.5 puts, short 3 May 52.5 puts for a debit of 7.60. Currently the position has a loss of 1%.