Options Blog Update – Closing BABA a loser – A small winner in USO debit spread

I had to close BABA a loser today – it was frustrating how much it just kept going against me – With only 9 days left at the time I figured I would rather get out for a $60 loss than the max loss of $150

Here is the option chain for Alibaba

alibaba_Closing a loser 7-13-17

Here are the statistics of the trade.

Duration:  14
Credit: 50
Buying power reduction: $150
Profit: -$60
Fees: $2.58
Profit after fees: -$62.58
Profit as a percentage of buying power reduction: -42%

I was able to close a tiny winner in a USO Debit spreads. I usually like to manage these at 25% instead of the usual 50%

small uso options winner 7-13-17

Here are the stats for this USO options trade:

Duration:  5
Credit: -$35
Buying power reduction: $35
Profit: $9
Fees: $2.58
Profit after fees: $6.42
Profit as a percentage of buying power reduction: 18%

This Alibaba loss and my loss to the Boeing position I’m now down -$36.80 for this cycle so far. I have until next Thursday the 20th to cash in some winners to have a winning month.

Here are my closing trades so far.
closing trades so far 7-13-17

All my positions and basic Greeks.

all positions and greeks 7-13-17

Risk Graph for the whole portfolio

options portfolio risk graph 7-13-17

Buying power and net liquidation for the options portfolio

net liquidation and available buying power - 7-13-17