We are going into the slow X-mas months

Going into the slow part of December we are going to mostly sit the market. I am going to sell some more GOOG January 460 puts while wrapping my December position. I am also going to play a January 510/ March 540 diagonal spread. I am going to see if I can get the premium of the 510's to pay for part of the 540's. Please note this diagonal spread is a very risky play and one would not normally sell the puts and play the spread because the exposure to loss is amplified.


Sell 500 shares TIE @ $33.50=$16,750.00
Sell 300 shares ATI @ $98.20=$29,460.00
Sell 300 shares BA @$90.13=$27039.00
Buy to close 4 contracts of GOOG Dec 460 puts (GOPXL)@ $70.00=($280.00)
Sell to open 4 contracts of GOOG Jan 460 puts @ $710.00=$2840.00
Buy to open 5 contracts GOOG March 540 call @ $1370.00=($6850.00)
Sell to open 5 contracts of GOOG Jan 510 call @ $830.00=$4150.00

Transactions: $73109.00
Commision: $88.00
Total transactions: $73021.00

Long 300 shares FCX @ $61.81=$18,543.00
Short 4 contracts of GOOG Jan $460.00 puts (GOPXL) @ $830.00=($2840.00)
Short 5 contracts GOOG 510 call @ 830.00=($4150.00)
Long 5 contracts GOOG March 540 call @ $1370.00=$6850.00

Total portfolio: $18,403.00
Total cash:$88,534.80
Total gain to date: $6937.80 (6.94%)

GL investors

Disclosure: I am not currently long or short any of the shares aforementioned.

Note to all readers:
This post and all other posts in this blog are for entertainment purposes only. All of the stocks listed are very highly speculative, and the portfolio is not diversified and could produce severe losses if you were to invest in these stocks. None of these stocks represent a recommendation in any way. As an individual investor, you have to assume your own risk. Prior performance is no guarantee of future returns.