Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date / price at trade post: Apr 17 / $905 Price at this adjustment: $936 Reasoning: Selling a 970/980 call here to put the profit potential back into this trade. I’m also entering a GTC order to buy back the put spread […]
Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date / price at trade post: Apr 17 / $905 Price at this adjustment: $931 Reasoning: With the latest standard deviation calculation giving RUT upside to 970 by May expiration, I’m adjusting the trade by buying back one of the short calls. […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Trend entry date / price: Apr 17 / $2780 Price at this post: $2836 Reasoning: Just in case AAPL pops tomorrow on tonight’s earnings report, I’m going to roll up the call spread portion of this trade. This adjustment will bring the trade’s Delta closer […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]put calendar spread[/private_monthly] Trade entry date / price at trade post: Apr 18 / $154.50 Price at this adjustment: $157.60 Reasoning: Adding a call calendar to smooth out the greeks. Current greeks are: -43.67 delta, -3.3 theta, and 37.3 vega. With the addition of the […]
Stock / Symbol: Direxion Daily Financial Bear 3x / FAZ Option Strategy: [private_monthly]calendar[/private_monthly]; Trade entry date / price: Apr 4 / $43.30 Price at this adjustment: $42.50; Reasoning: The Apr13 50 calls we sold will expire worthless today, allowing us to keep the $44 (10% uncalled return) in collected premium. Now, I’m selling next weeks […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]put calendar spread[/private_monthly] Price at trade post: $154.50 Reasoning: Putting on a bearish trade on the S&P with a [private_monthly]put calendar[/private_monthly] on SPY. The greeks going into this trade are: -33 delta, 7.7 theta, and 35 vega. Using weeklies on the short puts, with the […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $2780 Reasoning: With 29 days till May expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on NDX. We’ve got an expected deviation of[private_monthly] +/- 127 points between now and May expiration; so I’m selling the 2925 calls and the 2650 puts. […]
Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $905 Reasoning: With 29 days till Mayy expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on RUT. We’ve got an expected deviation of[private_monthly] +/- 50 points between now and May expiration; so I’m selling the 955 calls, covering with the […]
Stock / Symbol: Direxion Daily Financial Bear 3x / FAZ Option Strategy: [private_monthly]calendar[/private_monthly]; Price at trade post: $43.30; Reasoning: If we get a further pullback in the market, I think the financials will get hit hard. Playing my a downside thesis on the financials using a call calendar on the negatively correlated FAZ. The greeks […]
Stock / Symbol: Nasdaq 100 / NDX Option Strategy:iron condor Trade entry date / price: Mar 15 / $2795 Price at this post: $2814 Reasoning: Currently, this position’s greeks are: -3.3 delta(neutral), 14.8 theta, and -64.4 vega. Although the trade was put on (and still is) with a neutral delta, I did skew it to […]