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 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: SmallCap 3x Bull / TNAOption Strategy: Bear Call spreadTrade entry date / price: 22 Nov 2019 / $62.35Price at this adjustment: $68.06 Reasoning: With our upside stop triggered at $68, we’re going to adjust the position to benefit […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: LYFT / LYFTOption Strategy: Synthetic Long SpreadTrade entry date: 25 Nov 2019Price at this post: $48.88 Reasoning: LYFT looks like it is ready to move significantly higher so we’re going to play a Synthetic Long Spread on it. […]
Stock / Symbol: S&P 500 / SPXOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $3008Price at this adjustment: $3109.90 Reasoning: With our position still ITM, we’re going to roll a bit down and out to the Dec 6th expiring options. After this adjustment, our position’s Greeks will be: -3.4 Delta, […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: SmallCap 3x Bull / TNAOption Strategy: Bear Call spreadPrice at this post: $62.35 Reasoning: The Russell 2k is still trading at significant resistance levels and we’re going to use a Bear Call Spread on TNA to play our […]
Stock / Symbol: First Solar / FSLROption Strategy: Synthetic Long SpreadTrade entry date / price: 15 Nov 2019 / $53.48Price at this post: $54.39 Reasoning: While our order to sell the long call filled yesterday, the order to close the put spread portion did not. Adjusting the order to hopefully get filled today to protect […]