Set to Expire: June 26, 2015

This is my only action for the week.  It's a nail bitter!  

Option	Position
FEYE 26JUN2015 50 P	-1

Days to expiration (DTE) is 3 days away when I sold this PUT above yesterday as indicated in my Twitter feed.  A quick $10 play here or could this be a $5,000 mistake?

My 2nd day away from DTE... $FEYE dropped 2.33%!!  Sad face.  Come Friday, I need $FEYE to stay strong and above $50/share to let my PUT option expire worthless so I can keep my premium I collected.  

Set to Expire: June 19, 2015

Option	Position	# Days Held
MA 19JUN2015 91 P	-1	7
V 19JUN2015 70 C	1	84
WMT 19JUN2015 70 P	5	86
WMT 19JUN2015 75 P	-5	86
WYN 19JUN2015 82.5 P	-1	37
FTS.TO 19Jun2015 CC	-1	39
PTE.TO 19Jun2015 P	-1	35
DOL.TO 19Jun2015 P	-1	19

Greens will expire worthless.

Reds are in trouble.

Strike through, position has been closed.  

Figure it all out folks.

I closed a shitload of my positions early this month (8 to be precise) to realize a gain of $874.04.  But come Friday, I might have to close $WMT for a big loss.  Maybe, I'll be break even.  Hoping for a strong two day showing!  

I'm too lazy to get to the bitty gritty details.  My commission costs are through the roof $4.50 CAD & $59.63 USD.  HOLLA!

Upcoming Negative Results for June 19, 2015

The biggest headache I have now is dealing with a trade that has gone wrong.

$WMT is giving me a run for my money.  I opened my bull put spread 5 contracts for $75/$70 end of March 2015 when $WMT was trading at $81.32 per share.  I collected $202.08 in premiums after commission.  

In the past three months, $WMT dropped a good 12% after reporting their earnings.  Today, $WMT closed at $71.94.  This is $3.06 under my $75 short strike price.

In order for me to keep my $202.08 premiums, I need $WMT to move and stay above $75 per share.

If $WMT does not move up, I will have to close my position for a loss.  Take for example, by Friday, $WMT closes at $72/share.  My total loss would be around $3 x 5 contracts x 100 per contract = $1500. 

$1500 loss in this trade would be devastating to me.  But my exit plan is to roll this bull put spread out to a later date in hopes that $WMT will recover and bounce back to its original glory.

My worst case scenerio is I get assigned 500 shares @ $75.  So I rather close my position earlier than later.  

Couple of other smaller headaches in scale are my call for $V for $70 and my put for $PEY.TO for $34.  Both are expiring this Friday.  I am really counting on a nice bull frenzy streak that we've been getting for the past few months.

To manage my positions better, I need to take profits earlier than later.  I need to take them @ 50% capture instead of waiting for the "possible" 100% capture at the end of expiration.  I've let $WMT become a problem.