MVL may08 Spec (+40% +$200)

5-2-08
MVL spec trade based on Iron Man opening and earnings
5/5/08
closed trade for total profit of $200 profit or 40% profit
entered trade on Fri. 5/2 and closd monday 5/5 (holding period about 1 working day).
IV got crushed and worked in the favor of the put credit spread and price moved up %7+ pushing both spreads into positive teritory, recognized a %80+ return on the call debit spread.

APR aapl +-verticals (+11% or +$140)

3/04/08
bot +2 vertical APR 130/135 CALL @1.51 (mark 122.32)
sold -2 vertical APR 100/95 PUT @0.56
total margin 5.95 (2)

3/12/08
stc -2 vertical 130/135 @1.92 (+.41)
btc +2 vertical 100/95 @0.27 (+.29)
total profit +.70 (2 contracts)= + $140

The greeks are neutral for vega and gamma, theta is positive and delta is positive 25 (biased bullish)
plan to risk 150 to make 150 total on trade.
If stock gaps I risk a greater loss, but AAPL is beaten up and I believe the gap up is a better possibility.

FEB GOOG vertical 500/490 (+19%)

1/23/08
sold -1 vertical GOOG FEB 500/490 PUT @3.05 (mark 533.65)
GOOG down aprox $50 today -8%
note GOOG doesn't move this much on their earnings...whats the deal!!
500 a good past support level

1/23/08
BTC +1 vertical GOOG FEB 500/490 PUT @1.75 (mark 555.40)
originally sold for 3.05
net credit 1.30 per contract (1) $130 gain
Intraday trade, I placed a limit order in and got filled.
Figured a 20% gain would be sufficient for this trade.

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

FEB 08 DIA Butterfly/Vertical postion (+14%)

1/02/08
Placed a FEB 08 DIA butterfly and verticle postion:
bot +2 butterfly DIA FEB08 124/130/136 CALL @1.34 debit (mark 130.38)
sold -1 verticle DIA FEB08 135/138 CALL @ .94 credit

verticle placed to take a more bearish bias on DIA and fund some of the income butterfly postion, my adjustment point is 135 on the upside and downside is fairly open for profit until close till FEB expiration when the max loss is $174. Need to guard against a up move, there are alot of resistance points, first at 133 then 135 and each point again till 140. Fortunately price doesnt gap up like it gaps down, so it is typically more safe to be exposed to more risk on the upside then the downside. Plan to take off CALL verticle once it hits .10/.15 cents and taking off half of the butterfly postion once it hits 100% and re-evaluating thereafter.

1/15/08
btc +1 vertical DIA FEB 135/138 CALL @.20 (mark 125.81)
originally sold @.94
net credit = 0.74
Holding the 124/130/136 butterfly for .60 debit
this is giving my portfolio some positive deltas.

1/23/08
stc -1 butterfly DIA FEB 124/130/136 CALL @.91 (mark 118.50)
originall bot @1.34
loss for (1) contract = -.43

2/05/08
stc -1 butterfly DIA @1.70
originally bot @1.34
net credit = .36

Total position (1vertical and 2butterflys yeilds a +0.67 credit or 14% return on 4.74 margin