Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread / diagonal call spread[/private_monthly] Trade entry date / price: Nov 7 / $51.30 Price at this post: $56.76 Adjustment: SCTY has moved up nicely but we were still able to allow the short Nov expiration call expire worthless. We’re currently up about […]
Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $27.88 Reasoning: With market volatility once again relatively low, I’m putting on a [private_monthly]calendar call spread[/private_monthly] on VXX. The greeks going into this trade are: 50.4 delta, 3.0 theta, and 7.8 vega. Note that I’m […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $203.92 Reasoning: With volatility at relatively low levels, I’m putting on a [private_monthly]double calendar[/private_monthly] on SPY. This way, in addition to capitalizing on any directional move in the market, we’ll benefit should volatility rise. The greeks going into this […]
Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $51.30 Reasoning: Looking at a long term trade on SCTY using the sale of short term calls to generate weekly and monthly income. Fundamentally, SCTY is not great but I do like their business model. Solar City is […]