Options Blog – Closing SPY a loser, XOP Winner, Opening SPY, SBUX

Today I am closing out a loser in SPY. I’m actually ‘rolling’ this trade cause I’m also opening another SPY position, so you’d say I’m rolling out in expiration into the JULY monthlys and rolling up the strikes on the call spread. It’s the same thing I just consider every trade a separate position when I put it on.

Here is the loser

closing spy loser 5-27-17

I’m not going to be too upset when a trade doesn’t work out after being on for 38 days; I feel like it had plenty of time to work.

Trade Stats:
Duration:  38 days
Credit: $31
Buying power reduction: $69
Profit: -$36
Fees: $2.58
Profit after fees: -$38.58
Profit as a percentage of buying power reduction: -56%

Here is the new trade in the SPY options

SPY open option chain 5-27-17

Opening SPY - 5-27-17

I was also able to close a winner in XOP

XOP winnenr 5-27-17

Trade Stats:
Duration:  36 days
Credit: $23
Buying power reduction: $77
Profit: $11
Fees: $2.58
Profit after fees: $8.42
Profit as a percentage of buying power reduction: 11%

I also opened another position in SBUX

SBUX Opening Trade - 5-27-17

Busy day with closing 2 positions and opening 2 positions

Options portfolio and greeks

options portfolio overview with greeks 5-27-17

options buying power and net liquidation 5-27-17

I’m now collecting $508 in premium with 7 positions. 2 of which are in the June cycle with only 20 days left to expire; The portfolio currently has a value loss of $164 from the $508 in premium I sold it for …

I’m currently at 2 winners an 1 loser so far this cycle for a loss of -$7.68 after fees