Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Calendar Put Spread[/private_monthly] Price at trade post: $67.62 Reasoning: I think that QQQ will trade back down to 66 sometime between now and May expiration. I’m using a put calendar on QQQ to play this premise. I’m selling the Mar13 expiration put and plan on selling […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]broken wing butterfly[/private_monthly] Price at trade post: $152 Reasoning: Continuing on my premise that the market is still due for another pullback, I’m putting on a [private_monthly]broken wing butterfly[/private_monthly] on SPY. The greeks going into this trade are: -24 delta, 0.9 theta, and -5.75 vega. […]