Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: double calendar; Trade entry date / price: Jul 26 / $155 Price at trade post: $150.80 Reasoning: Original 152 strike put calendar turned out to be the right call. Unfortunately, the Jul 31 adjustment of adding the call calendar hurt us when […]
Stock / Symbol: Herbalife / HLF; Option Strategy: [/private_monthly]double calendar[/private_monthly]; Trade entry date / price at trade post: Jul 29 / $60; Price at this post: $66.05 Reasoning: Up about 7%. Going to book the win now just in case HLF goes higher and reduces our profit or turns this into a losing trade. Closing […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Trade entry date / price: Jul 18 / $59 Price at this post: $59 Reasoning: TNA is right where we started on this trade but we’re up about 15%. Gotta love it. Taking the trade off here just incase the […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Opening Option Strategy: [private_monthly]put calendar[/private_monthly]; Option Strategy after adjustment: [private_monthly]double calendar[/private_monthly]; Price at trade post: $155.75; Reasoning: Upside stop of $155.75 triggered, adding the aforementioned [private_monthly]call calendar, making a double calendar trade.[/private_monthly] The adjusted Greeks are: delta of -22, a positive theta of 9.4 […]
Stock / Symbol: Herbalife / HLF; Price at trade post: $60; Option Strategy: [/private_monthly]double calendar[/private_monthly]; Reasoning: The street is pricing in a big move on HLF following their earnings announcement Monday afternoon and we’re going to take advantage of it. This [private_monthly]double calendar[/private_monthly] has a Delta of .33, a positive Theta of 10, and a […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]put calendar[/private_monthly] Price at trade post: $155 Reasoning: Looking for a trade that benefits from a little pullback in the market / increase in volatility. The Greeks on this trade are: delta of -41, a positive theta of 2.6 and a positive […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date / price: July 17 / $3085 Price at this post: $3040 Reasoning: Less than a week into the trade and we’re already at 60% of the trades profit potential. Going to take the money and the risk off the table. Current greeks […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Price at trade post: $59 Reasoning: Making a relatively low risk, high reward, non directional (but with downside bias) play on TNA. The greeks on this trade are: -10.7 delta, a 3.3 theta, and 10.3 vega. If our upside stop […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $3085 Reasoning: I’m putting on an [private_monthly] iron condor[/private_monthly] on NDX. We’ve got an expected deviation of[private_monthly] +/- 140 points between now and Aug expiration. I’m accounting for a deviation range of 140 to the upside and 265 to the downside. […]
Stock / Symbol: Cliffs Natural Resources / CLF; Option Strategy: [private_monthly]butterfly call spread[/private_monthly]; Trade entry date / price : Jun 27 / $16.25; Price at this post: $17..44; Reasoning: At the low end of our price target for CLF and up about 50% on the trade. Going to take profits. Closing Trade Details: STC 2 […]