12-10-07 to 12-14-07 Round Trip Option Plays

This post is a summary of the round trip option plays that I made this week. While it does not include all trades I made this week, I am throwing in option plays that I held over one night. While these are technically not round trips, I am going to include them in this first posting anyway, since I am still getting the hang of doing these round trip option trades.

By date

12/10/07
*GOOG puts gain 2.59

12/11/07
POT puts gain .35

12/12/07
POT calls gain 1.00 (held overnight)
POT calls gain .70

12/13/07
GOOG puts gain .50
GOOG calls gain .20
RIMM calls gain .30 (held overnight)

12/14 (Friday before option expiry, time decay killed my gains on these two).
PCU puts gain .20
RIMM puts gain .30

OK, after posting all these in one place I see that I have made gains on all of my round trips. I think part of this is because I have been holding some of my bad plays over before this week, instead of taking the loss the day I bought. I want to be up front that I am transitioning to this type of trading right now, and I do not expect to have only gains on every trade I make every week.

*Note: Since Google options are much more expensive than the other options I play, their target is higher. Also, this is the first week I have traded GOOG options, so I made a few rookie mistakes on the trades I made on the 13th. Most notably, GOOG options go in 10 increments, instead of 5, so they resist differently.

Always perform your own due diligence before making any investment.