Expiration Summary 17th June, 2016

A very disappointing result from the trades closed out this expiration. They all started out so well...especially the CY Straddle. I had almost tripled my initial spend at one point but the stock tanked soon after and I closed it out at a loss.

The only profitable one was ANF - although the result is a little misleading as to the outcome of the initial option trade. The put expired right on the strike, which meant I lost all of the premium and then I was assigned a short position in the stock. I then sold an ATM put and collected the premium from that. The stock dropped and I was then obligated to buy the stock at the strike price, cancelling out the short stock at the same price. The premium I kept from the protecting short put ended up being the profit.

In total, the trades below lost $335.

These trades, as well as the current set, have got me thinking more about spending more time thinking about better trade management and better exit strategies. I'm not saying to exit as soon as they make a profit, but at least be more considered about how to mange each trade as they progress instead of just waiting until they expire.

TradeOpenDaysP&L
CYH Long Strangle25-May-1623-110
HBI Long Strangle31-May-1617-115
ANF Long Put31-May-1617-90
RF Long Call1-Jun-1616-80
ANF Covered Put17-Jun-16760

CYH Long Strangle

CYH Chart at Option Expiration

StockCYH
PositionLong Strangle
Trade Length23 Days
Capital$110.00
P&L-$110.00

May 25

Bought 2 Strangles on CYH due to volume alerts on the $13 calls and $11 puts.

CYH Long Strangle Payoff Graph

Option Scans for the 23rd May

Option Scans for the 24th May

CYH Chart for the 24th May

CYH Chart for the 24th May

HBI Long Strangle

HBI Chart at Option Expiration

StockHBI
PositionLong Strangle
Trade Length17 Days
Capital$115.00
P&L-$115.00

May 31

Bought 2 Strangles on HBI CYH due to volume alerts on the $27 calls and $26 puts.

Option Scans for the 27th May

Option Scans for the 27th May

HBI Chart for the 27th May

HBI Chart for the 27th May

ANF Long Put

ANF Chart at Option Expiration

StockANF
PositionLong Put
Trade Length17 Days
Capital$90.00
P&L-$90.00
StockANF
PositionProtected Put
Trade Length7 Days
Capital$3800.00
P&L$60.00

May 31

Volume spike on the June $19 put.

Option Scans for the 27th May

Option Scans for the 27th May

ABF Chart for the 27th May

ANF Chart for the 27th May

Good news for being long puts

$ANF Chart after putting on the trade

RF Long Call

RF Chart at Option Expiration

StockRF
PositionLong Call
Trade Length16 Days
Capital$80.00
P&L-$80.00

June 1

Volume spike on the June $10 Calls.

Option Scans for the 31st May

Option Scans for the 31st May

RF Chart for the 31st May

RF Chart for the 31st May

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