Close Out AAPL Put Spread

Closing 11/20 Put at 3.28, 11/05 Put at 0.56.

Close out ADBE Put

Close out ADBE Put at 0.17. Locking in the gains on the option.

October Performance (Tech bets save the day)

Ended the month down 1.5%. Some of the tech bets were the saving grace for the month.

Put Spread on AAPL contributed  0.4% to the portfolio.

 Call Spread on GOOG + speculative put selling contributed 0.7% to the portfolio.

MSFT contributed  0.5% to the portfolio.

ADBE contributed 0.2% to the portfolio.

NFLX contributed  -.3% to the portfoio.

In total the tech bets made 1.5%. I guess these are offset by 3% loss in pairs bets.

Short NFLX

Opening a small short exposure to NFLX.

Buy November 155 put at 3.6, Sell November 140 Put at 1.22.  Given that there are weekly options for the month of expiration. There are better opportunities to capture theta in these options. Would recommend selling earlier maturity options if only interested in theta. Beware that the delta move might kill the trade. Of course you will still be left with decent theta if the stock moves in your favor.

New Trade (Retail)

Long URBN at 29.44, Short TIF at 49.83

Time Spread on AAPL

Opening a time spread on aapl. Buy Nov 300 Put at 6.7, Sell October 300 Put at 1.31.  Worst case we lose $540.

Position Update

Current positions updated at the bottom of the screen. Portfolio is fully hedged. GOOG is closed, however the corresponding SPY hedge is open. Accordingly it is still shown among the active pairs. Portfolio is down 1.7% for the month.

Add to MSFT

Long MSFT at 25.12, Sell April 2011 28 call at 0.66

Thank God!

Closed out of GOOG just in time. Some blood bath tomorrow after AAPL? Almost to the moon and back! Hope SJ had started selling some calls on his own holdings.

Close Out GOOG

close out 580 Put at 0.6. De-risking. $150 in one day. Not bad!