Update 10/28/11

I was on vacation last week and was unable to update the blog until now.

DLTR PCCRC

No trades were made in the DLTR position the last two weeks and the profits have been dropping with the market rising and IV falling. The position p/l is now virtully flat.

MCK PCCRC

On Friday I opened a new PCCRC in MCK by buying the Feb/Dec PCCRC at the 85 strike for 13.60. The position currently has a loss of 1%.



NVS PCCRC

I closed the NVS PCCRC on October 20 by selling the position for a 10.25 credit. The final tally on the trade was a 9% profit.

ROST Call Seagull

No trades were made on the ROST Call Seagull the last 2 weeks although in looking at the risk graph, it is at a point where an adjustment could be made to lock in some profits. There isn't much profit to lock in at this point as profit currently is only 4%, but I will watch the position this week to determine if it should be adjusted.

GOOG Put Seagull

The GOOG Put Seagull has not done well with the drop in IV the last two weeks. No adjustments were done and the position has posted a 9% loss.

Update 10/14/11

DLTR PCCRC

DLTR lost quite a bit of its profits with the market moving up and IV falling. It is still profitable though so on Friday I rolled the shorts out to November for a $1.50 credit. Profit is now at 8%.

NVS PCCRC

No trades or adjustments were made to the NVS position last week. Normally I would have closed the position with earnings a week away, but I decided to give the position a few more days and will try to close on a day when IV is up. Profit was also down last week and is now at 7%.



ORCL PCCRC

ORCL profit was down last week as well to the point that there was a loss on the position. Since I do not roll a position that is showing a loss I closed the position on Friday for a $7.97 credit. Final tally on the trade was a 1% loss.



ROST Call Seagull

ROST also lost some profits last week but still had an overall profit so I rolled the shorts out to November for a $1.65 credit. The current position shows a profit of 6%.



GOOG Put Seagull

GOOG had a nice jump after earnings on Friday and I opened a new Put Seagull Jan/Nov at the 600 strike for $112.80. Despite GOOG dropping almost 10 points after opening the position, the overall profit is flat.

Update 10/7/11

DLTR PCCRC

DLTR was up a couple of points this week but IV fell some dropping profit in the position a little. No adjustments were made to the position and profit is now at 23%.

NVS PCCRC

NVS was pretty flat on the week and profit remained flat also and is currently 13%.

ORCL PCCRC

ORCL was up about a point last week and profit was up a little also. If it stays near the short strike the rollover next week will yield more credit. Profit is now 8%.

ROST Call Seagull

ROST was up 2 and 1/2 points this week and profit was up also. No adjustments were made and total profit is now 12%.