AAPL Put Seagull
AAPL moved higher the first 3 days of last week and I booked the profits and closed the position on Wednesday. The closing order was for a 61.05 credit giving a final profit total of 33%.
DLTR PCCRC
DLTR was also higher the first 3 days of last week and on Wednesday I rolled the extra long calls up to the 77.5 strike for a $4.70 credit to lock in some gains. This adjustment made the trade more delta neutral and when DLTR dropped later in the week additional gains were made. You can see the difference by comparing the risk graph without the adjustment:
to the risk graph with the adjustment:
Overall profit is up to 22% in DLTR.
NVS PCCRC
No adjustments were made in NVS last week. The stock moved up Monday thru Wednesday dropped Thursday and moved back near breakeven on the week Friday. There was a rise in IV giving an overall profit of 14%.
ORCL PCCRC
On Wednesday I opened a new PCCRC in ORCL after the stock rose > 8% after earnings. ORCL moved down by the end of the week although profit has remained flat.
ROST Call Seagull
No adjustments were made on ROST last week. The stock followed the same pattern, 3 up days, down Thursday and flat on the week. There is now a profit in ROST of 8%.
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2 comments:
Tim,
Good to see you did a PCCRC on ORCL. I placed my first of these types of trades on ORCL as well. Though I did a Put seagull. Any reason why you went with the PCCRC? I seem to remember you stating its based on price. Any other reasons?
Hope you don't mind me bothering you every week.....
Jon
If I recall the call & put seagull were pretty close to the price of the PCCRC so I chose the PCCRC, but any of the 3 will perform the same.
Tim
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