The power of selling options

Here's a summary of our recently closed credit spreads. As we were selling closer to the money options and buying further out of the money options, we wanted the positions to expire worthless... and they did.

AIXTRON - bull put spread
Trade Date Action Symbol/Desc. Qty Price Comm. Net Amount Gain/Loss for symbol
01/22/2011 O STC AIXG Jan11 28 Put 2 $0.00 $0.00 $0.00
12/16/2010 O BTO AIXG Jan11 28 Put 2 $0.49 $6.48 ($104.50) -104.50
01/22/2011 O BTC AIXG Jan11 31 Put 2 $0.00 $0.00 $0.00
12/16/2010 O STO AIXG Jan11 31 Put 2 $0.94 $6.47 $181.50 181.50
Total Realized Gain/Loss for AIXG: $77.00 (after commissions)
Return Before Commissions: 17.64%
Return After Commissions: 15.10%
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ARUBA NETWORKS - bull put spread
Trade Date Action Symbol/Desc. Qty Price Comm. Net Amount Gain/Loss for symbol
01/22/2011 O STC ARUN Jan11 17.5 Put 2 $0.00 $0.00 $0.00
12/06/2010 O BTO ARUN Jan11 17.5 Put 2 $0.18 $6.48 ($42.50) -42.50
01/22/2011 O BTC ARUN Jan11 21 Put 2 $0.00 $0.00 $0.00
12/06/2010 O STO ARUN Jan11 21 Put 2 $0.78 $6.47 $149.50 149.50
Total Realized Gain/Loss for ARUN: $107.00 (after commissions)
Return Before Commissions: 20.68%
Return After Commissions: 18.45%
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GOOGLE - bear call spread
Trade Date Action Symbol/Desc. Qty Price Comm. Net Amount Gain/Loss for symbol
01/21/2011 O BTC GOOG Feb11 660 Call 1 $3.98 $6.48 ($404.49)
01/20/2011 O STO GOOG Feb11 660 Call 1 $10.05 $6.47 $998.50 594.01
01/21/2011 O STC GOOG Feb11 670 Call 1 $2.48 $6.47 $241.51
01/20/2011 O BTO GOOG Feb11 670 Call 1 $7.75 $6.48 ($781.49) -539.98
Total Realized Gain/Loss for GOOG: $54.03 (after commissions)
Return Before Commissions: 10.38%
Return After Commissions: 7.02%
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RUSSELL 2000 - iron condor
Trade Date Action Symbol/Desc. Qty Price Comm. Net Amount Gain/Loss for symbol
01/22/2011 S BTC RUT Jan11 835 Call 2 $0.00 $0.00 $0.00
01/03/2011 S STO RUT Jan11 835 Call 2 $1.42 $3.24 $280.74 280.74
01/22/2011 S STC RUT Jan11 840 Call 2 $0.00 $0.00 $0.00
01/03/2011 S BTO RUT Jan11 840 Call 2 $0.93 $3.24 ($189.26) -189.26
01/22/2011 S STC RUT Jan11 700 Put 2 $0.00 $0.00 $0.00
01/03/2011 S BTO RUT Jan11 700 Put 2 $0.75 $3.23 ($153.25) -153.25
01/22/2011 S BTC RUT Jan11 705 Put 2 $0.00 $0.00 $0.00
01/03/2011 S STO RUT Jan11 705 Put 2 $0.80 $3.24 $156.74 156.74
Total Realized Gain/Loss for RUT: $94.97 (after commissions)
Return Before Commissions: 12.10%
Return After Commissions: 10.65%

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