Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: broken wing butterfly; Date / price at trade entry: Mar 4 / $152; Price at trade exit: $155.82; Reasoning: Should have closed this one out when our stop was first violated. Made some sense to hang in there, waiting for a pullback while the position’s […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: double calendar; Trade entry date / price: Mar 18 / $88.30; Price at this post: $88.10; Reasoning: Including the profit we realized last week on the short MarWk4 84 put, our trade is now up just over 15% in a week with essentially […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: double calendar; Date / Price at trade entry: Mar 15 / $144.65; Price at trade exit: $144.10; Reasoning: Up 10% in 10 calendar days. Taking profits here to take a little risk off the table. Closing Trade Details: STC 5 DIA May13 […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [/private_monthly]put calendar; Trade entry date / price: Mar 18 / $88.30; Price at this adjustment: $88.20; Reasoning: Put this trade on with a downside directional bias. With the Russell 2k / TNA virtually unchanged since our entry, going to adjust the postion to […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar[/private_monthly]; Price at trade post: $88.30; Reasoning: I’m looking at directional trade on the Russell, betting on a small 2% pullback. TNA ia a supercharged way to play the Russell. If RUT is down 2%, TNA will be down 6%. I’m putting on […]
Stock / Symbol: Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $2795 Reasoning: With 34 days till April expiration, I’m putting on a [private_monthly]Iron Condor on NDX. With an expected deviation of 100 points between now and April expiration, I’m selling the 2900 calls and the 2675 puts.[/private_monthly] The trade greeks […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $144.65 Reasoning: Looking to play both sides of this market, I’m putting on a [private_monthly]double calendar here on DIA. [/private_monthly]This is a delta neutral trade with a delta of 3.2, a positive theta of 2.65 and […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: [private_monthly]double calendar (originally)[/private_monthly]; Trade entry date / price: Feb 13 / $140.20; Price at this post: $142.70; Current Position:[private_monthly] long 3 DIA Apr13 135 puts short -3 DIA Mar13 135 puts Reasoning: Upside stop hit on the trade. Closing out for a […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Calendar Put Spread[/private_monthly] Price at trade post: $67.62 Update: Didn’t get filled yesterday. Not renewing order for today. Market wants to go higher, going to let it. Non-members, click here for access
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 […]