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Active Trades

Date format: M/D/Y

#TickerTypeStrikeExpiryQtyCost (CAD)Date Entered
1DISCall$ 1301/20/20171$ 666.768/11/2015
2UACall$ 801/19/20181$ 3,412.6411/13/2015

 

Closed Trades

Date format: M/D/Y

#TickerTypeStrikeExpiryQtyCost (CAD)Sale (CAD)P / L (%)Entered OnClosed On
1WFMCall$ 351/15/20161$ 778.01$ 2,023.68+ 160 %7/8/20141/12/2015
2AAPLCall$ 1001/15/20161$ 1,085.27$ 2,139.36+ 97 %8/6/20141/14/ 2015
3USOCall$ 201/15/20162$ 893.33$ 392.98- 56 %12/18/20141/23/2015
4SBUX *Call$ 401/20/20172$ 1,136.24$ 3,457.54+ 204 %11/25/20146/5/2015
5AAPLCall$ 1001/20/20171$ 2,644.32$ 3,056.44+ 16 %1/16/20159/11/2015
6UACall$ 751/20/20171$ 1,946.73$ 3,765.31+ 93 %5/8/20159/11/2015
7BWLDCall$ 2001/20/20171$ 1,331.79$ 4,129.68+ 210 %6/11/20159/11/2015
8SBUXCall$ 651/20/20173$ 823.28$ 1,317.42+ 60 %6/10/20159/11/2015
9SDLP **SharesN/AN/A100$ 1,641.11$ 1,539.90 **- 6 % 4/13/20159/11/2015
10RIGP **SharesN/AN/A100$ 1,741.95$ 1,421.96 **- 18 % 4/13/20159/11/2015
11SPYPut$ 1701/15/20165$ 1,302.94$ 2,666.23+ 105 %9/17/20159/29/2015
12SDLPSharesN/AN/A800$ 3,803.82$ 3,479.62- 9 %12/21/20151/7/2016
13SPYPut$ 1853/18/20162$ 906.96$ 1,393.33+ 54 %12/18/20151/11/2016
14UAPut$ 507/15/20162$ 471.11$ 182.89- 61 %1/12/20161/28/2016
15IWMCall$ 1109/16/20165$ 2,143.45$ 1,804.05- 16%1/22/20162/2/2016

* Initial purchase was 1 SBUX call option with $80 strike which was adjusted by the Starbucks 2:1 split on Apr 9, 2015. Starbucks official split announcement here.

** Sale proceeds includes dividends earned during the trade.

 

Closed Trades – Commentary

Trade 1

I kept an eye on WFM ever since it hit $35, and at that point I bought my call option. Earnings came in beating expectations and the stock hit $50 within a couple of weeks. WFM was never meant to be a longer-term hold for me, the stock performed much better than I expected in a much shorter period of time and so I decided to take my profits. I used the opportunity to purchase SBUX which I thought was a better longer-term candidate.

Trade 2

I got in below $100, the stock was around $95 at the time; the stock kept climbing to $120 and since that high fell to $106 before reversing to another upward trend. On the way down to $106, I decided to sell my 2016 call option, and take the opportunity to buy a 2017 call instead.

Trade 3

This trade did not work out to my advantage. I tried to time the bottom in oil and purchased this call option to play the upside. I believe there is a long-term bullish opportunity on oil, but as it goes with options, if there is continued price action on the underlying asset going against your trade… your option begins to carry more risk. The underlying asset would have to recover to the price at which you purchased the option and then some. It made the most sense to cut my losses and just get out.

Trade 4

Can’t complain about an investment where I made a 204% profit in about 6 months time. During that same period, SBUX stock returned 30% (shares increased from $40 to $52). I bought only 1 $80 2017 call option back in Nov 2014 but because SBUX split 2:1 on Apr 9, 2015… my call option split as well into 2 calls now with a $40 strike. Profit of 30% on the shares vs. 204% on the options… is it a tough choice? Read my post on how returns with options out strip those of buying shares.

Trades 5 – 10

Profit taken off the table after the August 2015 flash crash. I felt like it was a good time to reset and get back into the market with a fresh start. Overall, it turned out to be a good decision across all my trades.

Trade 5 – AAPL held it’s ground and even moved higher than where I sold
Trade 6 – UA went higher after I sold it, eventually falling below the price I sold at
Trade 7 – BWLD tanked after I sold it
Trade 8 – SBUX climbed higher slowly and steadily
Trade 9 – SDLP dropped even further in Sept 2015, rising back to where I sold it and remaining around that price
Trade 10 – RIGP … same as Trade # 9