Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $207 Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on SPY. This trade’s greeks are: 6.8 Delta, 4.0 Theta, and 40.8 Vega. We’ll look to adjust / close the trade at either of the upside or downside stops. Trade Details:[private_monthly] BTO 2 SPY […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Trade entry date / price: 15 Jul / $1272; Price at this adjustment: $1208; Reasoning: Going to put this trade back on but with one month further out and a 40 point lower strike for the short put. Trade Adjustment Details:[private_monthly] STO -1 […]
Stock / Symbol: Lululemon Athletica / LULU Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $62.30 Reasoning: For LULU’s earnings announcement scheduled for sometime between Sep 9 – 14, I’m putting on a [private_monthly]double calendar[/private_monthly] with strikes about 3 to 4.5 points OTM. The Greeks currently show a delta of 1.64, a positive theta of […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: bull put spread Trade entry date / price: 29 Jun / $2079 Price at this post: $2070 Analysis: We were filled on our order to buy back the 1880/1870 put spread for $0.10 on July 29th. We never were filled on the order to sell the […]
Stock / Symbol: Direxion Gold Miners Bull 3x / NUGT Option Strategy: [private_monthly]calendar call spread[/private_monthly] Trade entry date / price: May 14th / $13.68 Price at trade post: $3.33 Current Position:[private_monthly] Long 1 NUGT Sep15 15 call for an effective cost of $2.20 per contract [/private_monthly] Adjustment: Adding a [private_monthly]3 strike call to the position. […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread + calendar put spread[/private_monthly] Trade entry date / price: 27 Apr / $131.55 Price at this adjustment: $118.70 Current Position:[private_monthly] Long 1 AAPL Jan17 130 call Short -1 AAPL Aug15 140 call for an effective cost of $19.55 per contract (includes losses from […]
Stock / Symbol: Tesla Motors / TSLA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: Jul 7 / $265.50 Price at this post: $264.00 Reasoning: With TSLA barely moving today (down 0.88%) and with volatility slightly up, this trade should be up today but it’s not. At this price, the trade’s risk graph tells […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Trade entry date / price: 15 Jul / $1272 Price at this adjustment: $1223; Reasoning: Close to our stop and would like to step out of the way (for now) ahead of the Fed’s announcement this afternoon. I’ll look to put the trade […]
Stock / Symbol: Twitter / TWTR; Option Strategy: diagonal call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $36.10 Current Position:[private_monthly] Long 1 Jan17 40 call at an effective cost of $10.24 per contract[/private_monthly] Adjustment: The July call we sold expired worthless last Friday, enabling us to retain the […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: Double Calendar Trade entry date / price: May 7 / $107.01 Price at this post: $112.70 Reasoning: Selling the long call. Long put will expire worthless today. Closing Trade Details: STC 1 QQQ Jul15 112 call for a min net credit of $0.65 per contract (day […]