Expiration Summary 15th July, 2016

Total P&L was up $47. I took positions in 12 stocks.

Trade	Open	Days	P&L
WLL Long Put	8-Jun-16	16	300
ATVI Put Spread	2-Jun-16	43	-126
CY Long Call	2-Jun-16	43	-42
GOGO Long Put	6-Jun-16	39	-124
VLO Long Put	6-Jun-16	39	-100
RBS Long Call	8-Jun-16	37	-120
PBI Long Call	9-Jun-16	36	-100
GGAL Long Call	9-Jun-16	36	60
MT Long Call	9-Jun-16	36	-110
PLD Long Call	9-Jun-16	36	90
VIAV Covered Call	22-Jun-16	30	258

VIAV Long 10 $7 Calls

This is a great example of turning a losing long call trade into a profitable trade by writing calls against my long stock assignment.

Stock	VIAV
Position	Long Call + Covered Call
Trade Length	30 Days
Capital	$4200.00
P&L	$258.00

Trade Open: May 24th

Bought 10 VIAV $7 calls @ 0.10, $100 in total premium.

Option Scans for the 23rd May

VIAV Chart for the 23rd May

Update: 17th June

My initial long calls have now turned into a Covered Call.

VIAV closed on Friday the 17th @ $7.02. I was long 10 call options. 6 of those calls were assigned to stock, which means I am long 600 shares of VIAV stock at a purchase price of $7. The premium I paid for the options is lost so I've now effectively paid $6.90 per share.

In response, on the 22nd June I sold 6 July 15 $7 call options @ 0.35 each, taking in $210 in premium.

WLL Long 5 $10 Puts

I closed WLL early on the 24th June, selling back the puts @ 0.85 for a $300 profit. If I had left the trade until expiration I would have made an ADDTIONAL $315!

Stock	WLL
Position	Long Puts
Trade Length	16 Days
Capital	$125.00
P&L	$300.00

Trade Open: June 8th

I bought 5 $10 puts @ 0.25.

Option Scans for the 7th June

WLL Option prices for the 7th June

ATVI Long $38 / $36 Put Spread

Stock	ATVI
Position	Long Put Spread
Trade Length	43 Days
Capital	$126
P&L	-$126.00

Trade Open: June 2

The $36 puts showed up on the alert list trading 20,060 times over 5,818 in open interest. However, when I looked up the options about an hour before the US market open, the open interest had changed for the puts. I suppose the open interest updates with the volumes for that day or perhaps there are off-market trades to be included. Anyway, I see that the $36 and $38 puts have significant volumes going through...perhaps 20,000 put spreads?

I was conflicted with this one as I see that the $42 calls in the same expiration also traded 20,000 times. So, there is interest both sides, but more weight to the downside according to the put volumes.

Plus, I have an order to go long a similar stock in $CY so I decided to keep a short position with this stock and hence went with the put spread.

Option Scans for the 1st June

ATVI Option prices for the 1st June

CY Long $11 Calls

Stock	CY
Position	Long Call
Trade Length	43 Days
Capital	$110.00
P&L	-$42.00

Trade Open: June 2nd

The July expiry had 3,082 over 769 in open interest for the $11 strike price in $CY so I bought 2 calls @ 0.55.

But when I look at the option prices I see that the $12 strike as a massive 17,820 trade over 14,524!

The $12 strike looks too far for my liking so I stuck with the $11 calls.

Option Scans for the 1st June

CY Option prices for the 1st June

VLO Long 2 $50 Puts

Stock	VLO
Position	Long Put
Trade Length	39 Days
Capital	$114.00
P&L	-$100.00

Trade Open: June 6th

3rd of June (Friday) scans showed 6,010 options of the $50 puts over 412 in open interest. I have a few existing call positions so I am looking to get long some puts.

I bought 2 puts @ 0.57.