Option House spread trading ELIMINATION STRATEGY account trials. May 1ST, 2010. ( Report #30 )

OPTION HOUSE FOR MONTHLY SPREAD TRADES ( Report # 30 )

Starting balance: hypothetical $20,000, paper trading virtual platform. ( started roughly middle first half of month ? )

MAY - 2010 OPTION HOUSE BROKERAGE
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Trade 1 :May 4th, 2010 ( MONTHLY trade May) OPTION HOUSE BROKERAGE
10 contracts - Sell OEX 560/Buy 565 strikes @ .30 cents spread
Order I.D. 251 49211
+$300 credit, expenses $22.50 (commission + fee )
SPREAD IS WORKING TOWARD EXPIRATION ON MAY 22ND. Basically the bet is that the trend is down, for next two weeks or so.
-- WIN--
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Trade # 1 for THINKORSWIM WEEKLY THURSDAY TRADE
10 oex 540/545 CALLS @ .20 cents limit order FILLED
+$200 - $40 commissions

Net profit: $ 160---- WIN -----
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MONTHLY TRADE FOR OPTION HOUSE
Trade 2
SELL 10 oex 550 Calls, Buy 10 OEX 555 Calls for spread of .30 cents.
( credit $300 - $22.50 commissions and fees )
---WIN --- Expires Dec. 22nd.
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**** I just noticed that ThinkorSwim costs per trade are double that of Option House! In the above case; Option House does not offer WEEKLY EXPIRATIONS, so there is no choice. Unless it is the 4 th weekly, which overlaps the last week of option period ( 3rd Friday ending of Month )
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Trade 3 Weekly - Option House ( LAST WEEK OF OPTION TRADING MONTH( expiration is third Friday of May ) Monday first hour trade.
seel 12 535 Calls/Buy 540 Calls @ limit order .25 cents + $300 - $24.50 costs
= +$275.50 --- WIN ---
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Trade 2 for thinkorswim brokerage Monday a.m. trade.

WEEKLY sell 10 535/540 CALLS Limit order was for .25 cents, but they executed at a .30 cents spread. $300 - $70 costs = +$280
--- WIN --- _________________________________

Trade 1 Experimental PUT - Paper Trading straight 1 PUT BUY August 520, @$30,80
Trying to see what 10 OEX points would bring, on a safer 3 month out option. You need more index point moves to get dollar moves, for less TIME DECAY trade off.
+$370 WIN ( OEX moved 10 points on a 1 PUT August $3080 trade for a gain of + $370 Net after commissions.WIN
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