Positions

With triple witching in the options market on Friday, most of my SEP13 positions have been closed. A few remain; it will be interesting to see which ones reach max gain and which ones reach max loss. This is like watching cats play in the garden, amusing but not highly profitable.

I manage the mix by “the greeks“.  Currently, the ratio is as follows: -.76 delta; +.78 theta; and -1.23 vega.

I also monitor the SEP13 expiration graph, beta weighted to SPY, to determine how my portfolio is oriented.  Currently, 24 underlying are within the graph, 10 aren’t– a 70.59% in rate. This is reasonable. No delta adjustments need to be made going into Monday.

I don’t include the price I paid or the credit received; nor do I include the size. In fact, one cannot tell whether I’m long or short in a particular underlying– although most put verticals are long and call verticals are short.

In any case, the position sheet appears thus:

AAPL
APPLE INC COM
VERTICAL
100 OCT 13 465 PUT
100 OCT 13 460 PUT
ALTR
ALTERA CORP COM
VERTICAL
100 OCT 13 38 CALL
100 OCT 13 39 CALL
APA
APACHE CORP COM
VERTICAL
100 OCT 13 87.5 CALL
100 OCT 13 90 CALL
BAC
BANK OF AMERICA CORP COM
100 OCT 13 15 PUT
100 OCT 13 14 PUT
SINGLE
100 JAN 14 15 PUT
SINGLE
100 JAN 14 14 PUT
SINGLE
100 SEP 13 15 PUT
SINGLE
100 SEP 13 14 PUT
BIDU
BAIDU INC ADR
STRANGLE
100 OCT 13 160 CALL
100 OCT 13 125 PUT
CLF
CLIFFS NATURAL RESOURCES INC COM
VERTICAL
100 SEP 13 20 PUT
100 SEP 13 19 PUT
VERTICAL
100 SEP 13 21 PUT
100 SEP 13 20 PUT
CNX
CONSOL ENERGY INC COM
VERTICAL
100 OCT 13 35 CALL
100 OCT 13 36 CALL
COP
CONOCOPHILLIPS CORP COM
VERTICAL
100 SEP 13 67.5 PUT
100 SEP 13 65 PUT
DECK
DECKERS OUTDOOR COM
VERTICAL
100 SEP 13 57.5 PUT
100 SEP 13 55 PUT
DOW
DOW CHEMICAL COM
STRANGLE
100 OCT 13 42 CALL
100 OCT 13 37 PUT
FB
FACEBOOK INC COM
VERTICAL
100 JAN 14 37 CALL
100 JAN 14 38 CALL
FCX
FREEPORT MCMORAN COPPER & GOLD COM
VERTICAL
100 OCT 13 33 CALL
100 OCT 13 34 CALL
FXA
CURRENCY SHARES AUS DOLLAR TRUST
VERTICAL
100 SEP 13 92 PUT
100 SEP 13 91 PUT
GDX
MARKET VECTORS GOLD MINERS ETF
STRANGLE
100 OCT 13 30 CALL
100 OCT 13 24 PUT
STRANGLE
100 OCT 13 28.5 CALL
100 OCT 13 22.5 PUT
GOOG
GOOGLE INC CL A
VERTICAL
100 OCT 13 885 PUT
100 OCT 13 880 PUT
IBN
ICICI BANK LTD COM
STRANGLE
100 OCT 13 34 CALL
100 OCT 13 28 PUT
INVN
INVENSENSE INC COM
VERTICAL
100 SEP 13 17.5 PUT
100 SEP 13 16 PUT
ITB
ISHARES US HOME CONSTRUCTION ETF
VERTICAL
100 SEP 13 21 PUT
100 SEP 13 20 PUT
IWM
ISHARES RUSSELL 2000 ETF
100 SEP 13 100 PUT
SINGLE
100 SEP 13 101 PUT
VERTICAL
100 OCT 13 103 PUT
100 OCT 13 101 PUT
STRANGLE
100 OCT 13 110 CALL
100 OCT 13 99 PUT
STRANGLE
100 OCT 13 110 CALL
100 OCT 13 99 PUT
MSFT
MICROSOFT CORP COM
VERTICAL
100 SEP 13 34 PUT
100 SEP 13 33 PUT
POT
POTASH CORP SASK INC COM
VERTICAL
100 SEP 13 29 PUT
100 SEP 13 28 PUT
VERTICAL
100 SEP 13 30 PUT
100 SEP 13 29 PUT
CUSTOM
100 OCT 13 33 CALL
100 OCT 13 34 CALL
100 OCT 13 30 PUT
RUT
RUSSELL 2000 INDEX
100 SEP 13 1080 CALL
100 SEP 13 1075 CALL
100 SEP 13 1025 PUT
100 SEP 13 1030 PUT
IRON CONDOR
100 (Weeklys) SEP4 13 1090 CALL
100 (Weeklys) SEP4 13 1100 CALL
100 (Weeklys) SEP4 13 1010 PUT
100 (Weeklys) SEP4 13 1000 PUT
SBUX
STARBUCKS CORP COM
VERTICAL
100 SEP 13 72.5 PUT
100 SEP 13 70 PUT
SHLD
SEARS HOLDING CORP COM
SINGLE
100 OCT 13 65 CALL
STRANGLE
100 OCT 13 70 CALL
100 OCT 13 50 PUT
SINGLE
100 OCT 13 50 PUT
SLB
SCHLUMBERGER LTD COM
VERTICAL
100 OCT 13 87.5 CALL
100 OCT 13 90 CALL
SPX
S&P 500 INDEX
VERTICAL
100 OCT 13 1675 CALL
100 OCT 13 1680 CALL
SPY
SPDR TR S&P 500 ETF TR
VERTICAL
100 SEP 13 167 PUT
100 SEP 13 166 PUT
TBT
PROSHARES ULTRASHORT LEHMAN 20YR TREAS
IRON CONDOR
100 SEP 13 82 CALL
100 SEP 13 84 CALL
100 SEP 13 76 PUT
100 SEP 13 74 PUT
TLT
ISHARES 20+ YR TREASURY BND ETF
VERTICAL
100 SEP 13 106 CALL
100 SEP 13 107 CALL
TSO
TESORO CORPORATION COM
VERTICAL
100 SEP 13 46 PUT
100 SEP 13 45 PUT
USO
UNITED STATES OIL FUND LP EXCHANGE-TRADED FUND
VERTICAL
100 SEP 13 39 CALL
100 SEP 13 41 CALL
VERTICAL
100 OCT 13 38 CALL
100 OCT 13 39 CALL
VERTICAL
100 OCT 13 39.5 CALL
100 OCT 13 41 CALL
VERTICAL
100 OCT 13 38 CALL
100 OCT 13 39 CALL
UVXY
PROSHARES ULTRA VIX SHORT-TERM FUTURES
VERTICAL
100 SEP 13 46 PUT
100 SEP 13 45 PUT
CALENDAR
100 NOV 13 37 CALL
100 OCT 13 37 CALL
VXX
BARCLAYS BANK PLC IPATH S&P 500 VIX SHORT TERM
VERTICAL
100 OCT 13 16 CALL
100 OCT 13 18 CALL
XOM
EXXON MOBIL CORPORATION COM
VERTICAL
100 OCT 13 87.5 PUT
100 OCT 13 85 PUT

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