Leap Update

Back from vacation - time to update the DITM and LEAP trades.

On May 15 I closed out the Trina Solar, as it looks weak, chartwise, plus I'm not big on China accounting or green/eco stocks with a pending major downturn on the way.

Metrics on TSL (Trina) were as follows:

                                                DEBIT                         CREDIT

Bought 500 at $8.97               4494

Sold calls -2015 10-strike                                                                  1211

Sold puts- 2015 7-strike                                                                     937

Rolled Up puts to 10                                                                          493

Rolled up Calls-2016 -15       597     

Rolled up Puts-2016 -13                                                                    1333

Bot Calls to close                   1199

Bot Puts to close                     2638

Sold stock                                                                                           5216

TOTAL:                                  8928                                                    9190

Profit: 262   5.83% for 9 months, or 7.78% annualized. Not bad for a "loser".