Current Portfolio – August 16, 2010

I haven’t made a trade yet in August. That’ll change this week with options expiration upon us as I adjust my option holdings. It’s not necessarily because I’ve been too busy to get to it, but more so that I couldn’t find anything I liked that I wasn’t already invested in with this latest dip back towards the lower side of the broad market’s trading channel.

I have a mixed bag of how August options expiration could end up for me. AVAV looks like it’ll stay below my covered call strike, so I’ll re-write covered calls on my long shares. CSX could go either way. It’s under my strike now, but that can change any day. CVS is well below my strike and I’ll end up buying the shares unless I close it for a loss before the close on Friday. ITRI is well below my strike, so if I keep it I’ll write a new covered call. JPM is close to my naked put strike which means my higher strike covered call will expire OTM and I’ll keep my shares and might even buy more if my naked puts come into play. VXX is close to my August strike. If it stays under $24 I’ll take the assignment and sell OTM covered calls in the hopes of it selling higher than I bought it. That’s in addition to the premiums.

Some of these decisions might go down to Friday afternoon as I continue to be patient and wait to see how the week pans out.

Underlying	Type	Quantity	Expiration	Strike
AVAV	Stock	200
AVAV	Call	-2	Aug	$25.00
CSX	Put	-2	Aug	$52.50
CVS	Put	-3	Aug	$33.00
EEM	Stock	200
EEM	Put	-2	Sept	$36.00
EEM	Call	-2	Sept	$40.00
GES	Stock	200
GES	Call	-2	Sept	$35.00
INTC	Stock	300
ITRI	Stock	100
ITRI	Call	-1	Aug	$75.00
JPM	Stock	100
JPM	Put	-1	Aug	$37.00
JPM	Call	-1	Aug	$42.00
MS	Stock	100
MS	Put	-1	Sept	$25.00
MS	Call	-1	Sept	$28.00
MSFT	Stock	200
NDAQ	Put	-4	Sept	$17.00
SPY	Stock	100
SPY	Put	-1	Sept	$101.00
SPY	Call	-1	Sept	$112.00
UCO	Stock	1,000
UCO	Put	-10	Sept	$8.00
UCO	Call	-10	Sept	$11.00
VXX	Put	-2	Aug	$24.00
VXX	Put	-3	Sept	$20.00

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