Stock / Symbol: Amazon.com / AMZN Option Strategy: double calendar Price at trade post: $326 Reasoning: putting on delta neutral trade to play Amazon’s earnings announcement tonight. I’m setting the option strikes based on the street’s expected move of +/- 22. The Greeks on this double calendar are: delta of 1.4, a positive theta of […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]butterfly[/private_monthly]; Price at trade post: $346.50; Reasoning: The street is expecting a +/- move of 43 (or 12%) on Netflix following tonight’s earnings release. I’m going to put on a low risk, high reward bet that it pops 7% on the news. I’m using a [private_monthly]butterfly call […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]bear call spread[/private_monthly] ; Price at trade post: $3350 ; Reasoning: I’m putting on a [private_monthly] bear call spread[/private_monthly] on NDX for November options expiration. The trade’s greeks are: -2.44 delta, 6.5 theta, and -35 vega. If we get a pullback in the markets, I’ll look to […]
Stock / Symbol: Amarin Corp / AMRN Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $5.40 Reasoning: Last week, AMRN got hit with some negative findings from the FDA regarding its Triglyceride lowering drug. It seems that the Street is betting that the stock’s hit was an overreaction but I do think it’s unlikely […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date / price: Sep 16 / $1053.50 Price at this post: $1071 Reasoning: We’ve captured about 70% of the profit potential on this trade, time to take the risk off and close out this winning trade. The trade’s current greeks are: -0.84 […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Original Option Strategy: double calendar Adjusted Strategy: diagonal put spread Trade entry date / price: Sep 13 / $153.60 Price at this post: $150.70 Current Position: Long 2 Nov13 148 puts Short 2 OctWk1 150 puts Reasoning: Currently at the profit sweet spot in […]