Stock / Symbol: S&P 500 / SPXOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $3008Price at this adjustment: $3149.52 Reasoning: With our position still ITM, we’re going to roll a bit up and out to the Dec 20th expiring options. After this adjustment, our position’s Greeks will be: -1.5 Delta, […]
Stock / Symbol: Zscaller / ZSOption Strategy: Double CalendarTrade entry date / price : 03 Dec 2019 / $51.75Price at this post: $46.85 Update: Our order to close the entire position didn’t get filled, so we’re going to just sell the long put here and let everything else expire worthless. Trade Exit Details: STC 1 […]
Stock / Symbol: Zscaller / ZSOption Strategy: Double CalendarTrade entry date / price : 03 Dec 2019 / $51.75Price at this post: $48.52 Reasoning: While ZS is down significantly following its earnings announcement yesterday, it’s still not enough of a move to make the trade profitable. We’re going try to close out the trade here […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Zscaller / ZSOption Strategy: Double CalendarTrade entry date: 03 Dec 2019Price at this post: $51.75 Reasoning: Putting a delta neutral trade on ZS that benefits from a big move in either direction following ZS’s earnings announcement this afternoon. […]
Stock / Symbol: SmallCap 3x Bull / TNAOption Strategy: Bear Call spreadTrade entry date / price: 22 Nov 2019 / $62.35Price at this adjustment: $66.59 Reasoning: With TNA pulling back, we’re re-selling the short call as planned. Trade Adjustment Details: STO 1 TNA 20Dec19 68 call for a min net credit of $1.80 per contract […]