Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: double diagonal Price at trade entry: $63.73 Price at trade close: $66.20 Current Position: Long 4 QQQ DecWk4 70 calls Short -4 QQQ Dec12 67 calls Reasoning: I had closed out the put portion of the trade last week because it had: a) reached 80% of […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade entry: $63.73 Price at this post: $64.80 Current Position:[private_monthly] Long 4 QQQ DecWk4 70 calls Short -4 QQQ Dec12 67 calls [/private_monthly] Update: I bought back the put spread portion of this trade today for a net debit of $0.05, giving […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $543 Reasoning: Going take advantage of it’s recent drop due to speculation that it’s margins won’t be as good in the future, and put a [private_monthly]bullish[/private_monthly] bet on AAPL. AAPL’s standard deviation calculations come in at [private_monthly]465[/private_monthly], so we’re […]