Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $77.45; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) [/private_monthly] Reasoning: Got a nice bump up in the Russell 2k, allowing […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $1822 Reasoning: Opening up an Iron Condor here with SPX for January expiration. Working with a Standard deviation of[private_monthly] +/- 67[/private_monthly], and giving some more room to the downside. The greeks going into this trade are: -0.9 delta, 6.5 theta, […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $67.20; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) Long 1 TNA Jan14 66.31 put Short -1 TNA Dec13 66.81 put […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $67.20; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) Short -1 TNA DecWk2 75.81 call (originally 77, adjusted due to dividend) […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72 Price at trade adjustment: $73 Current Position:[private_monthly] Long 1 TNA Jan14 77 call Short -1 TNA DecWk1 77 call [/private_monthly] Reasoning: Rolling the short call to next week’s expiration. Trade Adjustment: […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Price at trade post: $70.50 Position:[private_monthly] Long 1 TNA Jan14 77 call Short -1 TNA DecWk1 77 call Long 1 TNA Jan14 72 put Short -1 TNA DecWk1 72 put [/private_monthly] Reasoning: Downside stop hit. Closing out the put calendar […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Price at trade post: $75.72 Reasoning: Putting on a non directional trade here on TNA but with a -7 Delta, it has a slight negative bias. The greeks on this trade are: -7 delta, a 10.5 theta, and 15.5 vega. […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $1103 Reasoning: With 29 days till December expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on RUT. we have an expected deviation of[private_monthly] +/- 53 points between now and Dec expiration. I’m going to be a little more conservative and […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Price at this post: $69.78 Reasoning: up about 5%, taking upside + downside risk off.). Trade Adjustment Details: STC 2 TNA Dec13 70 calls BTC -2 TNA Nov13 70 calls […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Adjustment: With TNA back to about where we started, we can capture about 60% of our potential profit on our short puts if we buy them back here. I’m also […]