Just an update on the Open positions.
24th July:
CBA PUT $66.00 Expiry Aug 29th : Sold 5 contracts @ $0.35
Currently worth : 0.245
BHP PUT $32.00 Expiry Aug 29th : Sold 10 Contracts (1000 shares) @ 0.33 Currrently worth: 0.215
WBC sell PUT $27.91 Expiry Aug 29th for 10 Contracts (1200 shares) @ 0.185
Currently worth 0.150
All three trades are on our side at the moment.
While its early and still 36 days to go it is nice to be on the right side from the start.
Tuesday, 23 July 2013
Sunday, 21 July 2013
ASX Option Trades (Trading Diary) for 22nd July 2013
Just a basic blog with some trades for others to see on the ASX.
For testing Purposes I will assume a bank of $100,000.
Date: 22/07/2013
Trades :
CBA sell PUT $66.00 Expiry Aug 29th August for 5 Contracts (500 shares) @ 0.35 per contract = $175.00 - $40 brokerage (simple as it covers the cost of brokerage + per contract costs). Profit : $135
There is 38 days till expiry.
Total Liability : $33,000.
Possible Profit : $135 ( [135/38 * 365 / 33000] = 3.9% pa
BHP sell PUT $32.00 Expiry Aug 29th August for 10 Contracts (1000 shares) @ 0.33 per contract = $330.00 - $40 brokerage (simple as it covers the cost of brokerage + per contract costs). Profit : $290 There is 38 days till expiry.
Total Liability : $32,000.
Possible Profit : $290 ( [290/38 * 365 / 32000] = 8.7% pa
WBC sell PUT $27.91 Expiry Aug 29th August for 10 Contracts (1200 shares) @ 0.185 per contract = $222.00 - $40 brokerage (simple as it covers the cost of brokerage + per contract costs). Profit : $182 There is 38 days till expiry.
Total Liability : $33,492.
Possible Profit : $182 ( [182/38 * 365 / 33492] = 5.2% pa
The total Possible from now till Aug 31st assuming that no contracts are exercised is :
Contracts Profit : 135 + 290 + 182 = $607
This money will sit in a high interest savings account. For now I will make the assumption of 4% paid monthly.
Bank Interest : 100,000 * (0.04/365 * 38 days) = $416
Total Profit till 29th August on no Expiry : 607 + 416 = $1023 ( [1023/38 * 365 / 100000] = 9.28% pa
9.28% is not a bad return for some trades which are not very risky.
For testing Purposes I will assume a bank of $100,000.
Date: 22/07/2013
Trades :
CBA sell PUT $66.00 Expiry Aug 29th August for 5 Contracts (500 shares) @ 0.35 per contract = $175.00 - $40 brokerage (simple as it covers the cost of brokerage + per contract costs). Profit : $135
There is 38 days till expiry.
Total Liability : $33,000.
Possible Profit : $135 ( [135/38 * 365 / 33000] = 3.9% pa
BHP sell PUT $32.00 Expiry Aug 29th August for 10 Contracts (1000 shares) @ 0.33 per contract = $330.00 - $40 brokerage (simple as it covers the cost of brokerage + per contract costs). Profit : $290 There is 38 days till expiry.
Total Liability : $32,000.
Possible Profit : $290 ( [290/38 * 365 / 32000] = 8.7% pa
WBC sell PUT $27.91 Expiry Aug 29th August for 10 Contracts (1200 shares) @ 0.185 per contract = $222.00 - $40 brokerage (simple as it covers the cost of brokerage + per contract costs). Profit : $182 There is 38 days till expiry.
Total Liability : $33,492.
Possible Profit : $182 ( [182/38 * 365 / 33492] = 5.2% pa
The total Possible from now till Aug 31st assuming that no contracts are exercised is :
Contracts Profit : 135 + 290 + 182 = $607
This money will sit in a high interest savings account. For now I will make the assumption of 4% paid monthly.
Bank Interest : 100,000 * (0.04/365 * 38 days) = $416
Total Profit till 29th August on no Expiry : 607 + 416 = $1023 ( [1023/38 * 365 / 100000] = 9.28% pa
9.28% is not a bad return for some trades which are not very risky.
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