Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at trade exit: $25.15 Current Position: Long 1 Jan17 40 call at an effective cost of $9.13 per contract Reasoning: Doing what I should have done long time ago. Taking the loss and moving […]
Stock / Symbol: Light Sweet Crude Oil Futures, Jan 2016 / CLF16 (/CLF6 in Think or Swim); Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $40.40; Reasoning: Putting a [private_monthly]iron condor[/private_monthly] on the Jan 2016 Crude oil futures that last trade on Dec 16th. This non-directional trade has a delta of 11.1, a positive theta […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade Entry date / price: 20 Nov / $209.40 Price at trade exit: $209.60; Reasoning: Up 13% on the trade in just over a week. Closing out here to take off the risk on an upside move in the market. Trade […]