Monday, July 16, 2012

7/15/2012 Open Trade Recap

The model portfolio currently has 3 open trades, 3 AAPL 600/620/640 call Butterfly (1/2 of initial trade purchased at 1.73). 8 PCLN 530/550/570/Put Butterfly (purchased ay 1.29). And 10 Mako Aug 15/20 1x2 call spreads (Purchased at $1.00)The AAPL fly is working fine while the PCLN fly is basically a rip up unless the world comes to an end this week. The AAPL fly closed at 6.40 giving us a profit on the original trade of 1920 so far. PCLN's P & L stands at  -$992. Mako calls ratio stands at .90 or -$100. I will sell 1/3 of the AAPL fly if it trades above 11.75.
                                                                         Entry      Last   Booked P-L   Current P-L
L 3 AAPL 600/620/640 Call Butterfly                1.73       6.4       519              1401
8 PCLN 530/550/570    Put Butterfly                 1.29       .05       0                   -992
10 Mako Aug 15/20 1x2 Ratio call spreads        1.00       .90       0                   -100

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