APR spy condor (+$144 on $800 margin) +18%

3/05/08
sold -3 vertical APR PUT 118/115 @.25 (mark 133.71)
sold -3 vertical APR CALL 145/148 @.27
.52 credit 2.48 margin X 3 contracts
124/142 are the 20 delta strikes to adjust on.
dont risk more than 1.5 to 2x the max credit on trade. take profits/tighten the noose at 60% of credit.

3/10/08
btc +3 vertical APR CALL 145/148 @.06 (mark 128.98)
net gain +.21 X (3) contracts
3/10/08
sold -3 vertical APR CALL 141/144 @.21 (mark 127.81)

3/20/08
sold -1 vertical APR CALL 140/141 @.21 (mark 132.58)
sold -1 vertical APR PUT 127/126 @.21

3/31/08 (mark 131.89)
btc +3 vertical APR PUT 118/115 @.09
3/05/08 original credit .25
net gain +.16 x (3) contracts

btc +1 vertical APR PUT 127/126 @.21
3/20/08 original credit .21
net gain 0.00 (1) contract

btc +1 vertical APR CALL 140/141 @.09
3/20/08 original credit .21
net gain +.12 (1) contract

btc +3 vertical APR CALL 141/144 @.14
3/10/08 original credit .21
net gain +.07 x (3) contracts

Total Trade Reconcile
+ $144 on $744 margin = +18%

AAPL vertical with adjustments (LOSS)

1/15/08
sold -1 vertical AAPL FEB 150/145 @1.35 credit (mark 167.91)
MacWorld today and another sell off brought aapl -10 ponts. Earnings is next Tues. would ideally like to see a bounce and run up b/f earnings and buy it back for half price b/f earnings event.
IV's are above their record highs (above 60)
150 is an old support (NOV 07 sell off)
150 is also the 200 day EMA
150 good entry point for stock if assigned in FEB

Will re-evaluate b/f earnings whether to ride this trade through

1/22/08
AAPL dropping like a knife day of earnings decide to speculate with this trade and add another short PUT vertical @ 140/135 PUT for 1.29 credit(mark 156.61)
total credit for both (2) short verticals trade = 2.64
margin = 2.36
Can be 5-10% wrong on this trade before getting hurt. AAPL after earnings will see a deflate in IV and options premiums so even if stock still drops a little, no problem. Primary exit obviously if AAPL gaps up after earnings and IV drops off.

1/23/08
WOW! stock got WACKED HARD, worst drop % in aapl shares in 5+ years. down almost $30 or -18%. At least I wasn't just long shares...
Anyway trying to figure something out here with stock ownership. Will assume I take shares at 150 and 140 for a cost average

closed out full position at a - 14.09 total loss
do the math on balance statemnt from AAPL transactions