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Author Topic: My Stock Market Trades - Week of Sep 12, 2011  (Read 1578 times)
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tamo42
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« on: 2011 Sep 12, 12:08:15 pm »

I just bought a few SPY puts. Dec $114 for $8.15. The dollar breakout is going to lead to lower stock prices (and probably gold too).
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Neal McSpadden
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tamo42
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« Reply #1 on: 2011 Sep 13, 09:52:14 am »

I sold some AMZN puts. $195 strike, expires Friday, $0.29 premium. If it expires worthless, it'll be 1.49% on margin required.
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Neal McSpadden
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« Reply #2 on: 2011 Sep 13, 10:42:51 am »

I sold some AMZN puts. $195 strike, expires Friday, $0.29 premium. If it expires worthless, it'll be 1.49% on margin required.

If you have a moment, may I have insight into your margin required calculation? Seems a  different from my calculation below.

Fully cash backed per contract:
$195 x 100 = $19,500
$19,500 x 0.0149 (1.49%) = $290.55

Premium received per contract:
$0.29 x 100 = $29

I guess you have a 10% margin requirement on AMZN? Seems lower of a requirement than my gut feel expectation.
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tamo42
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« Reply #3 on: 2011 Sep 13, 10:54:26 am »

Here's what my broker requires to put up:


- Equity and Narrow-Based Index Options:
Proceeds of the sale plus 20% of the underlying value less out of the money amount OR
proceeds of sale plus 10% of strike price, whichever is greater

- Broad-Based Index Options:
Proceeds of the sales plus 15% of the index value less out of the money amount OR
proceeds of sales plus 10% of the strike price, whichever is greater
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Neal McSpadden
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« Reply #4 on: 2011 Sep 13, 12:50:11 pm »

By the way, sort of related to a couple themes this site captures. I bought CLCT today. I intend about a 2 month hold or until I get stopped out on the underside.

Disclaimer: This is not investment advice, it is a log of what I did and what I think.
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tamo42
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« Reply #5 on: 2011 Sep 13, 01:51:54 pm »

Catching the falling knife is a bold move!
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Neal McSpadden
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« Reply #6 on: 2011 Sep 13, 03:21:15 pm »

Catching the falling knife is a bold move!

There are other adjectives that I would use instead of bold!
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tamo42
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« Reply #7 on: 2011 Sep 14, 10:13:03 am »

Sold some AAPL $370 puts that expire on Friday. I was actually going to buy some December calls to ride the wave, but they're just too expensive.
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Neal McSpadden
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« Reply #8 on: 2011 Sep 14, 10:13:26 am »

Oh, the AAPL puts were for $0.23 and a 0.62% return on margin required.
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Neal McSpadden
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« Reply #9 on: 2011 Sep 14, 11:54:59 am »

Oh, the AAPL puts were for $0.23 and a 0.62% return on margin required.

Read the financials of CLCT yesterday and got spooked. Closed the trade for 2%.
Sold some ARMH $30 covered calls that expire this week for $0.20. I want to keep my shares, so sold a couple strikes up.
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