Expiration Summary 15th July, 2016

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

TradeOpenDaysP&L
WLL Long Put8-Jun-1616300
ATVI Put Spread2-Jun-1643-126
CY Long Call2-Jun-1643-42
GOGO Long Put6-Jun-1639-124
VLO Long Put6-Jun-1639-100
RBS Long Call8-Jun-1637-120
PBI Long Call9-Jun-1636-100
GGAL Long Call9-Jun-163660
MT Long Call9-Jun-1636-110
PLD Long Call9-Jun-163690
VIAV Covered Call22-Jun-1630258

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.

VIAV Covered Call Recover Post Option Expiration

StockVIAV
PositionLong Call + Covered Call
Trade Length30 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

Option Scans for the 23rd May

VIAV Chart 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.

VIAV Chart, the start of a Covered Call trade.

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!

WLL Chart at Option Expiration

StockWLL
PositionLong Puts
Trade Length16 Days
Capital$125.00
P&L$300.00

Trade Open: June 8th

WLL Chart for the 8th June

I bought 5 $10 puts @ 0.25.

Option Scans for the 7th June

Option Scans for the 7th June

WLL Option prices for the 7th June

WLL Option prices for the 7th June

ATVI Long $38 / $36 Put Spread

ATVI Chart at Option Expiration

StockATVI
PositionLong Put Spread
Trade Length43 Days
Capital$126
P&L-$126.00

Trade Open: June 2

ATVI Chart 1st June

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

Option Scans for the 1st June

ATVI Options prices 1st June

ATVI Option prices for the 1st June

CY Long $11 Calls

CY Chart at Option Expiration

StockCY
PositionLong Call
Trade Length43 Days
Capital$110.00
P&L-$42.00

Trade Open: June 2nd

CY Chart for the 2nd June

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

Option Scans for the 1st June

CY Option prices for the 1st June

CY Option prices for the 1st June

VLO Long 2 $50 Puts

VLO Chart at Option Expiration

StockVLO
PositionLong Put
Trade Length39 Days
Capital$114.00
P&L-$100.00

Trade Open: June 6th

VLO Chart for the 6th June

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.

Option Scans for the 3rd June

Option Scans for the 3rd June

VLO Option prices for the 3rd June

VLO Option prices for the 3rd June

GOGO Long 2 $9 Puts

GOGO Chart at Option Expiration

StockGOGO
PositionLong Put
Trade Length39 Days
Capital$144.00
P&L-$124.00

Trade Open: June 6th

GOGO Chart for the 6th June

3rd of June (Friday) scans showed 7,672 traded in the $9 puts over 3,740 in open interest.

I bought 2 $9 puts @ 0.72.

Option Scans for the 3rd June

Option Scans for the 3rd June

GOGO Option prices for the 3rd June

GOGO Option prices for the 3rd June

RBS Long 4 $7 Calls

RBS Chart at Option Expiration

StockRBS
PositionLong Call
Trade Length37 Days
Capital$120.00
P&L-$120.00

Trade Open: June 8th

RBS Chart for the 8th June

I bought 4 $7 puts @ 0.30.

Option Scans for the 7th June

Option Scans for the 7th June

RBS Option prices for the 7th June

RBS Option prices for the 7th June

PBI Long 5 $20 Calls

PBI Chart at Option Expiration

StockPBI
PositionLong Cal
Trade Length36 Days
Capital$100.00
P&L-$100.00

Trade Open: 9th June, 2016

pbi Chart for the 9th June, 2016

Bought 5 July $20 calls @ 0.20.

Option Scanner Results for 8th June, 2016

Option Scans for 8th June, 2016

Option Chain for 8th June, 2016

Option Prices for 8th June, 2016

GGAL Long 1 $30 Call

GGAL Chart at Option Expiration

StockGGAL
PositionLong Call
Trade Length36 Days
Capital$110.00
P&L$60.00

Trade Open: 9th June, 2016

ggal Chart for the 9th June, 2016

Bought 1 $30 call option @ 1.10.

Option Scanner Results for 8th June, 2016

Option Scans for 8th June, 2016

Option Chain for 8th June, 2016

Option Prices for 8th June, 2016

MT Long 5 $6 Calls

MT Chart at Option Expiration

StockMT
PositionLong Calls
Trade Length36 Days
Capital$110.00
P&L-$110.00

Trade Open: 9th June, 2016

mt Chart for the 9th June, 2016

Bought 5 July $6 call options @ 0.22.

Option Scanner Results for 8th June, 2016

Option Scans for 8th June, 2016

Option Chain for 8th June, 2016

Option Prices for 8th June, 2016

PLD Long 2 $50 Calls

PLD Chart at Option Expiration

StockPLD
PositionLong Calls
Trade Length36 Days
Capital$120.00
P&L$90.00

Trade Open: 9th June, 2016

pld Chart for the 9th June, 2016

Bought 2 July $50 call options @ 0.60.

Option Scanner Results for 8th June, 2016

Option Scans for 8th June, 2016

Option Chain for 8th June, 2016

Option Prices for 8th June, 2016

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