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. […]
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: $140.20; Current Position:[private_monthly] long 4 DIA Apr13 142 calls short -4 DIA Mar13 142 calls long 4 DIA Apr13 138 puts short -4 DIA Mar13 138 […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Feb 13 / $140.20; Price at this post: $138.30; Current Position:[private_monthly] long 4 DIA Apr13 142 calls short -4 DIA Mar13 142 calls long 4 DIA Apr13 138 puts short -4 DIA Mar13 138 puts […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade entry date / Price at trade post: Feb 6 @ $182; Price at this post: $179.55 Current position: short -2 NFLX Mar13 210 calls long 2 NFLX Mar13 215 calls at a net credit of $0.90 per contract. Update / Reasoning: Would like […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Trade entry date / price: Feb 13 @ $920; Price at this post: $910 Current Position:[private_monthly] Long 1 RUT Mar13 900 put Short -1 RUT FebWk4 900 put Reasoning: Coming into the trade, I had thought that if the RUT pulled back to around […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Price at trade entry: $920; Price at this adjustment: $931; Current Position:[private_monthly] Long 1 RUT Mar13 900 put Short -1 RUT FebWk4 900 put Long 1 RUT Mar13 940 call Short -1 RUT FebWk4 940 call Reasoning: Up about 20% on the call calendar […]
Stock / Symbol: Herbalife / HLF Option Strategy: diagonal put spread Trade entry date / price: Feb 15 @ $42.70 Price at this post: $39.40 Reasoning: HLF is down 8% from our trade entry, and our position is up around 20%. Even if HLF doesn’t pop on earnings, there’s the near certainty that volatility will […]
Stock / Symbol: Herbalife / HLF Price at trade post: $42.70 Option Strategy: [/private_monthly]diagonal put spread[/private_monthly] Reasoning: Thinking that the street’s reaction to Carl Ichan’s disclosed 12.98% state in HLF is over blown to the upside, I’m going to put on a downside directional bet using a [private_monthly]diagonal 42.5/40 put spread[/private_monthly]. With HLF announcing earnings […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Price at trade entry: $920 Price at this adjustment: $926 Reasoning: Upside site hit. The trade’s greeks are currently : -17 delta, -2 theta, and 62 vega. To adjust, I’m going to add a [private_monthly]940 call [/private_monthly]calendar spread. The addition of the 2nd calendar […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Price at trade post: $920 Reasoning: Because I’m expecting a bit of a pullback in the market and an increase in volatility, I’m putting on a [private_monthly] put calendar spread[/private_monthly] on RUT. In case I’m wrong, I’m setting a fairly tight upside stop at […]