Navigating thru a world of hurt

And that's EXACTLY what I'm looking at this week if I don't make some adjustments...

Below are my CODE RED positions... Not only are they DEEP IN THE MONEY, but they all expire this Friday!


AFL Aug 62.50/60 put spread - $510 credit, $1,970 max loss :: $59.19 (5.6%)

HSY August 95/90 put spread - $103 credit, $387 max loss :: $90.40 (5.1%)

KO August 42/41 put spread - $270 credit, $710 max loss :: $39.45 (6.5%)

TWTR Aug 47/46 put spread - $440 credit, $540 max loss :: $43.13 (9%)


As you can see I've got 4 positions in need of managing. Listed are the option spreads played, the amount of credit collected on each play, the max loss, the current stock price, and the amount I need each underlying stock to move to get me OUT OF THE MONEY.

Here's the deal, ever since I rolled out my TWTR put and worked my way out of a loss and into a profit I've been fearless in my plays. I'm setting things up with the mindset that if they don't go my way I can just roll them out. Theoretically that should work, but I've got FOUR positions to deal with, not just one. Also the TWTR play was a naked put, not a spread. So we'll see this week if it's actually possible to roll these plays and STILL keep even a small amount of the original credit. 

Hey, it's all an experiment... I'm learning and you guys get to watch this whole process unfold. Now, I sure would love a little help from Mr. Market, but I HIGHLY doubt AFL, HSY or KO are going to make the big moves I need. TWTR on the other hand could absolutely move 9% in a week. However, just like a college football team needing help to play for a BCS title, I need help to avoid these losses. And you never want to be in that spot. You want to control your own destiny, and I'm far from controlling anything to do with these positions.

I'll keep you all posted this week. My first goal is to roll out that AFL position. I've got the most to lose here and I need to get this one handled before dealing with the others.

Anyway, for all you folks out there finding this blog for the time, I'm the Option Rider. I play with a wide open hand, for better or for worse! Please feel free to look through my open positions, my winners, AND my losers. Any advice, thoughts, comments or helpful tips are welcomed at

I'm just a regular guy who has had a little success as an option trader looking to get better!