Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double diagonal; Trade entry date / price: 4 Feb / $163.75; Price at trade post: $165.20 Reasoning: With our short strikes expiring tomorrow, time to close out the trade for a slight gain. Current Greeks are: -0.47 delta, 1.6 theta, 7.6 vega. Closing […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Vertical Put Spread Price at this post: $95.72 Reasoning: With stops being hit on most of our positions, I’m putting on this Vertical Put Spread on QQQ to help reduce our overall downside risk and help to bring the overall delta from 50 to 17. Should […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $191.39; Reasoning: Putting on an[private_monthly] Iron Condor[/private_monthly] on SPY with February expiring options.. This trade currently has a delta of -0.90, a positive theta of 1.4 and a negative vega of -2.5. This trade has a 81% […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade post: $100.75 Reasoning: Putting on a [private_monthly]double diagonal[/private_monthly] on IWM with the long legs expiring on the 4th week of February. The Greeks on this trade are: -0.1 delta, 2.3 theta, and -0.2. We’ll look to adjust or exit […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $163.75 Reasoning: I’m going to use a [private_monthly]Double Diagonal[/private_monthly] on DIA with a -0.75 delta, a 2.3 theta, and a 3.4 vega. If DIA either trades up to [private_monthly]$168 or down to $159[/private_monthly], we’ll either exit the […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $95.76 Reasoning: With the earnings announcement and ex dividend date out of they way, I’m expecting some stability in AAPL for a while. The Greeks for this [private_monthly]iron condor [/private_monthly]on AAPL are: 0.2 delta, 2.0 theta, and -2.8 vega. The […]