Stock / Symbol: Boeing / BA Strategy: [private_monthly]Condor [/private_monthly] Price at trade entry: $74 Price at this post: $73.45 Reasoning: With the trade up approximately 11% ahead of tomorrow morning’s earnings release, I’m going to book the win and take off the risk of a big up or down move on the report. However, with […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date: Jan 11; Price at trade entry: $880; Price at first adjustment: $884 Price at 2nd adjustment: $895.65 Price at 3rd adjustment: $907 Price at this adjustment: $904 Current Position: [private_monthly] short -2 RUT Feb13 820 puts long 2 RUT Feb13 810 […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date: Jan 11; Price at trade entry: $880; Price at first adjustment: $884 Price at 2nd adjustment: $895.65 Price at this adjustment: $907 Current Position: [private_monthly] short -1 RUT Feb13 920 calls Long 1 RUT Feb13 930 calls short -2 RUT Feb13 […]
Stock / Symbol: Spdr DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]long call[/private_monthly] Price at trade post: $138.32 Reasoning: I’m adding this position to smooth out the greeks on our open positions . Our current greeks on the overall position pegged to the SPY are: -129 Delta, 17.8 Theta, and -55 Vega. Our […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Trade entry date: Jan 14; Price at trade post: $146.70; Price at this adjustment: $149.20 Current Position: [private_monthly] Short -6 SPY Feb13 152 calls Long 6 SPY Feb13 155 calls Short -6 SPY Feb13 138 puts Long 6 SPY Feb13 135 […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Correction: [private_monthly]We’re rolling the 820/810 put spread to a 840/830 spread.[/private_monthly] Trade Adjustment Details:[private_monthly] BTC -2 RUT Feb13 820 puts STC 2 RUT Feb13 810 puts STO -2 RUT Feb13 840 puts BTO 2 RUT Feb13 830 puts for a min net credit of […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date: Jan 11; Price at trade entry: $880; Price at this adjustment: $895.65 Current Position: [private_monthly] short -2 RUT Feb13 920 calls Long 2 RUT Feb13 930 calls short -2 RUT Feb13 820 puts long 2 RUT Feb13 810 puts [/private_monthly] Reasoning: […]
Stock / Symbol: Boeing / BA Strategy: [private_monthly]Condor [/private_monthly] Price at trade post: $74 Reasoning: Despite the mechanical issues surrounding their new 787 Dreamliner, I think that BA will stay within a range of [private_monthly]67.5 to 80[/private_monthly] by February option expiration. I’m going to play my thesis with a [private_monthly]call condor [/private_monthly]+ protective strangle . […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade entry date: Jan; Price at trade entry: $880; Price at this adjustment: $884; Current Position: [private_monthly] short -2 RUT Feb13 920 calls Long 2 RUT Feb13 930 calls at a net credit of $1.00 per contract. [/private_monthly] Reasoning: I had thought that […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $146.70; Reasoning: With 32 days left till February expiration, we’re putting on an[private_monthly] Iron Condor on SPY to fit between the current standard deviation calculation of +/- 6 from its current price, with a slight downside bias. […]