Option Trading Tutorial Summary 2009

Here are the trades that I put on and closed in 2009. I closed a total of 20 trades of which 11 were profitable and 9 lost money. 


Entry Date
Trade
Entry Price
Exit Price
Net
ROI
Portfolio
return
5/27/2009
Short Vertical (EWZ)
+ $.50
- $.10
+ $.40
 +26%
+.4%
6/5/2009
Put Calendar Spread (SPY)
- $2.55
+ $3.23
+ $.68
 +26%
+1.6%
7/1/2009
Iron Condor (SPY)
+ $1.09
- $2.10 - $1.01
 -100%
- 1%
7/9/2009
Put Vertical Spread (XLU)
+ $.60
- $.12
+ $.48 +40%
+1.44%
7/20/2009
Put Calendar Spread (DIA)
- $1.72
+ $.73 - $.99  -57% -.9%
7/30/2009 Short Put Vertical Spread (DIA) + $.51 - $.10 + $.41 +27.5% +.2%
8/10/2009 Iron Condor (SPY) + $.93 - $.40 + $.53 +49.5% +.7%
8/19/2009 Short Put Vertical Spread (EWZ) + $.45 - $.09  + $.36 + 23.2% +1.4%
8/25/2009 Diagonal Call Spread (SMH) - $3.23 + $4.09 +  $.86 + 24%  + .4%
9/11/2009 Put Calendar Spread (SPY) - $2.27 + $2.40 + $.13 + 5.7% + .1%
9/14/2009 Iron Condor (DIA) + $.97 - $.99 - $.02  - 2%  -.03%
9/28/2009 Short Put Vertical + $.40 - $.19 + $.21 + 12% + .2%
10/6/2009 Skewed Iron Condor (IWM) + $.76 - $.30 + $.46 + 37% + .6%
10/16/2009 Long Call Vertcial Spread (EWZ) - $1.06 + $.50 - $.56 - 5 2% - 1.75%
10/20/2009 Put Calendar Spread (DIA) - $1.56 + $1.00 - $.56 - 35% - 1.9%
10/29/2009 Short Put Vertical (SPY) + $.45 - $.64 - $.19 - 12% - .7%
11/3/2009 Iron Condor (SPY) + $1.25 - $1.96 - $.71 - 95% - 1.8%
11/5/2009 Short Put Vertical (EWZ) + $.51
+ $.27
- $.10
- $.045
+ $.63 + 52% + 2.5%
11/23/2009 Short Put Vertical (IWM) + $.40 - $.87 - $.47 - 29% - 1.88%
12/5/2009 Short Put Verticals + $.48 - $1.49 - $.99 - 65% - 1%

Here are the summary results.

Starting Date Starting Balance Ending Balance Cumulative Gain/Loss % Portfolio Gain/Loss % Gain/Month
5/27/2009 $20,000 $19,365 - $635 - .3.1% - .45%

Some of these losing trades were simply the result of the market making sudden changes and stopping me out. However, a number of them I can attribute to not following my rules or trading against the trend. These I'd consider technical trading errors.

As I mentioned in my January newsletter and in some of the early 2010 trades, I'm learning to simply trade the trend and not second guess it. That's my goal for 2010.

Note: This trade discussion is for educational purposes only. I am NOT making any recommendations on the trade or the underlying stock or ETF. If you decide to follow this trade, please do so in a paper trading account. Trading options involves risk and some options strategies can result in losing more than the original amount invested.

thinkorswim, Division of TD Ameritrade, Inc. and Success With Options are separate, unaffiliated companies and are not responsible for each other's services and products.




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