Thursday, May 15, 2014

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".

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