Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at original trade post: $178.20; Reasoning: Didn’t get filled last week. Cancelling order for now. Non-members, click here for access
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $178.20; Reasoning: Putting on a December expiration [private_monthly]iron condor[/private_monthly] here on DIA. This non-directional trade has a delta of -5, a positive theta of 1.6 and a negative vega of -8. The probability of success on […]
Stock / Symbol: Qualcomm / QCOM; Option Strategy: bull put spread; Trade entry date / price: 19 Nov / $48.88; Price at trade exit: $49.60 Reasoning: With this trade already capturing 70% of the possible profit, I’m going to close it out here for a quick win. 16% return in 1 day. Closing Trade Details: […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $209.40; Reasoning: Putting on a [private_monthly]bear call spread with Dec Week1 options[/private_monthly] on SPY. This trade’s greeks are: -20.8 Delta, 3.7 Theta, and -8.2 Vega. We’ll look to adjust / close the trade at our stop level. Trade Details:[private_monthly] […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double calendar; Trade entry date / price: Oct 22nd / $171.76; Price a this adjustment: $178.60; Current Position: Long 1 DIA Dec15 168 put Short 1 DIA Nov15 168 put Long 1 DIA Nov15 177.5 call at an effective cost of $1.60 per […]
Stock / Symbol: Qualcomm / QCOM; Price at trade post: $48.88; Option Strategy: bull put spread; Reasoning: This trade seeks to benefit from decreasing volatility following yesterday’s antitrust allegations against QCOM in South Korea. I’m using weekly options expiring on Nov 27th. The Greeks going into this trade are: 25.6 Delta; 2.5 Theta; -1.6 Vega […]
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: $118.75; Current Position:[private_monthly] Long 1 AAPL Jan17 125 call Short 1 AAPL Nov15 125 call for an effective cost of $15.60 per contract[/private_monthly] Adjustment: Taking advantage of today’s up day […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Oct 22nd / $171.76 Price a this adjustment: $177.20 Current Position:[private_monthly] Long 1 DIA Dec15 168 put Short 1 DIA Nov15 168 put at an effective cost of $1.11 per contract[/private_monthly] Reasoning: With DIA rebounding on […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Oct 22nd / $171.76 Price a this adjustment: $173.05 Adjustment: selling another put against the position. After this adjustment, the Greeks will be: -12.7 delta, 4.2 theta, and 12.3 vega Trade Adjustment Details:[private_monthly] STO -1 DIA […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date / price at trade post: Oct 30 / $99.27; Price at trade close: $113.40; Reasoning: Upside stop triggered. Closing the trade. Closing Trade Details:[private_monthly] BTC -2 NFLX Nov15 114 calls STC 2 NFLX Nov15 116 calls BTC -2 NFLX Nov15 84 puts […]