Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Trade entry date / price: May 24 / $152.60 Price at this post: $152.30 Remaining Position: long 2 DIA Aug13 151 puts short -2 DIA MayWk5 151 puts Reasoning: Closing out the remaining put calendar for a 4.6% total return […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 24 / $152.60 Price at this adjustment: $154.75 Reasoning: Upside stop hit so I’m going to take profits on the call spread portion of the trade. Will look at either adding another calendar or […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $152.6 Reasoning: Looking to take advantage of the long weekend with a delta neutral trade on the DOW using a [private_monthly]double calendar on DIA. However, instead of using a short 154 call, I’m using a 154.5 […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread to iron condor[/private_monthly] Trade entry date / price: May 14 / $1647 Price at this adjustment: $1645 Current Position: [private_monthly] short -2 SPX Jun13 1735 calls long 2 SPX Jun13 1745 calls at an effective debit of -0.02 per contract. Reasoning: Looking to […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]bear call spread to iron condor[/private_monthly] Trade entry date / price: May 16 / $3014.50 Price at trade post: $2979 Current Position:[private_monthly] short -1 NDX Jun13 3175 call long 1 NDX JUn13 3200 call at a net credit of $1.28 per contract[/private_monthly] Reasoning: We’re upon on the […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 17 / $152.60 Price at this post: $152.30 Remaining Position: long 1 DIA Jul13 154 calls long 2 DIA Jul13 151 puts short -2 DIA MayWk4 151 puts Reasoning: Currently at the sweet spot […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 16 / $98.30 Price at trade post: $98 Remaining Position: short -5 IWM MayWk4 96 puts long 5 IWM Jun13 96 puts Reasoning: Earlier today, we booked an after commission profit of $120 on the call […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 16 / $98.30 Price at this post: $100.20 Reasoning: IWM has hit 100 so we’re taking profits on the call spread portion of the trade. We’ll look to add a new bear call spread tomorrow or […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 17 / $152.60 Price at this adjustment: $154 Current Position: [private_monthly] long 2 DIA Jul13 154 calls short -2 DIA MayWk4 154 calls long 2 DIA Jul13 151 puts short -2 DIA MayWk4 151 […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread[/private_monthly] Trade entry date / price: May 14 / $1647 Price at this adjustment: $1668 Reasoning: Upside stop triggered. Rolling up the call spread. The revised greeks will be: -4.7 delta, 6.5 theta, and -30 vega. Setting a new upside stop at [private_monthly]1691[/private_monthly]. While […]