Stock / Symbol: S&P500 Index / SPX; Option Strategy: reverse iron condor / double vertical; Trade entry date / price: 16 Sep / $1993; Price at this adjustment: $1914; Adjustment: We’re able to close out the put spread here, locking in a 47% return on the trade. We’ll keep the call spread on, just in […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]reverse iron condor / double vertical [/private_monthly] Update: I was filled at a debit of $1.70 per contract. Correction: The Greeks I posted originally were incorrect. The current Greeks are: -0.02 delta, -4.0 theta, and 18 vega. Updated Risk / Reward profile: Max Risk: $170 Max […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]reverse iron condor / double vertical [/private_monthly] Price at trade post: $1993 Reasoning: Normally, I’d be putting on an Iron Condor here on SPX. However, as the market has been quite volatile lately, with the VIX relatively low, and without knowing how the market will react […]
Stock / Symbol: Apple Inc / AAPL; Option Strategy: [private_monthly]calendar call spread[/private_monthly]; Trade entry date / price: 27 Apr / $131.55; Price at this adjustment: $112.20; Adjustment: Rolling the short call to October expiration. After this adjustment, the Greeks will be: 29.4 Delta, 1.9 Theta, and 42.3 Vega Trade Adjustment Details:[private_monthly] BTC -1 AAPL Sep […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Diagonal put spread Trade entry date / price: Aug 28 / $105.20 Price at this post: $102.98 Update: lowering the ask to get filled today. Closing Trade Details:[private_monthly] STC 1 QQQ Oct15 105 put BTC -1 QQQ SepWk1 100 put for a min net credit of […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Diagonal put spread Trade entry date / price: Aug 28 / $105.20 Price at this post: $101.05 Reasoning: I’m entering in a GTC order to close the position with the goal of catching QQQ trading a bit lower than it did today. Closing Trade Details:[private_monthly] STC […]