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: $124.70 Adjustment: With AAPL trading below its 50 day average, I’m taking off the call calendar. I’ll re-enter the trade with AAPL back over its 50 […]
Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $37.40 Adjustment: After a doozie of an earnings report, we’re going into claw back mode on this trade. I’m going to close the long 55 strike call and move to a […]
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: $132.85 Adjustment: With AAPL not failing following its earnings announcement, I’m taking off the protective put calendar. Trade Adjustment Details:[private_monthly] STC 1 AAPL May 124 put […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread + calendar put spread[/private_monthly] Price at trade post: $131.55 Reasoning: Coming into this afternoon’s earnings announcement, I’m going putting on a delta positive trade on AAPL. I’m going long with a diagonal call spread and short with a put calendar. This trade has […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly]; Trade entry date / price: 31 Mar / $207.20 Price at this post: $211.54 Reasoning: In hindsight, I was wrong to take off the call portion of this trade. Going to close out the remaining puts, lick my wounds, and re-group. Closing […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly]; Trade entry date / price: 31 Mar / $207.20 Price at this adjustment: $208.10 Adjustment: Going to close out the call portion of the trade and play a market move to the downside. Greeks after this adjustment will be: -59.2 Delta; -8.2 Theta; and […]
Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: [private_monthly]broken wing butterfly (originally)[/private_monthly] Trade entry date / price: 3 Mar / $27.00 Price at this adjustment: $22.40 Current Position: [private_monthly] Long 2 VXX Apr15 27 calls Short -4 VXX Apr15 30 calls Long 2 VXX Apr15 31 calls [/private_monthly] Reasoning: The […]
Stock / Symbol: United States Oil Fund / USO Option Strategy: diagonal call spread;[/private_monthly] Trade entry date / price: Feb 12th / $18.95; Price at trade close: $19.55; Current Position: Long 1 Jan16 15 call Short -1 Apr15 19 call at an effective cost of $3.89 per contract Reasoning: short call is ITM and expiring […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: butterfly call spread; Trade entry date: Mar 23rd; Update: Got filled on the closing order today at a debit of $0.15. This gets us a 5.35% return in 15 calendar days! Non-members, click here for access
Stock / Symbol: Twitter / TWTR Price at trade post: $51 Option Strategy: [private_monthly]calendar call spread[/private_monthly] Reasoning: Putting on a [private_monthly]calendar call spread[/private_monthly] on TWTR with the idea of generating monthly or weekly income while we wait for TWTR to hit [private_monthly]$55[/private_monthly]. The Greeks going into this trade are: 14.3 delta, 3.7 theta, and 12.6 […]