Stock / Symbol: Gold Miners 3x bear / DUSTOption Strategy: diagonal call spreadTrade entry date / price: Price at trade post: 29 Jul 2019 / $8.82Price at this adjustment: $8.56 Adjustment: Selling another weekly call, at a strike of 9.5. After we sell this call, the trade’s greeks will be: a delta of 53.6, a […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Direxion Financial Bull ETF / FASOption Strategy: Bear Call spreadTrade entry date / price: 13 Sep 2019 / $79.92 Reasoning: Financials have had a nice recovery from their recent lows and and are now back to trading close […]
Stock / Symbol: Target Corp / TGTOption Strategy: bear call spreadTrade entry date / price: 22 Aug 2019 / $104.77First adjustment date / price: 30 Aug 2019 / $108.90Price at this post: $108.73 Update : So far, TGT is trading under $109 today, which is what we need for the position to expire worthless and […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Small Cap 3x Bull / TNA Option Strategy: Calendar Call spreadTrade entry date / stock price: 06 Aug 2019 / $53.95Stock price at this adjustment: $62.72 Update / Adjustment: The Sep 13th expiration 57 strike call we sold […]
Stock / Symbol: Select Sector Spdr Energy ETF / XLEOption Strategy: Calendar Call spreadTrade entry date / price: 06 Sep 2019 / $58.92Price at this post: $60.15 Reasoning: Our upside target of $60 was hit, so we’re entering an order to close the trade for a quick profit. Please note that it will likely take […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Select Sector Spdr Energy ETF / XLEOption Strategy: Calendar Call spreadTrade entry date / price: 06 Sep 2019 / $58.92 Reasoning: With XLE finding support at the 56 level, we’re putting on a Calendar Call spread on it […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Small Cap 3x Bull / TNA Option Strategy: Calendar Call spreadTrade entry date / stock price: 06 Aug 2019 / $53.95Stock price at this adjustment: $54.94 Update / Adjustment: The Aug 30th expiration 59 strike call expired worthless […]
Stock / Symbol: SPDR S&P 500 / SPYOption Strategy: bear call spreadTrade entry date / price: 29 Aug 2019 / $291.32Price at this post: $298.45 Reasoning: With SPY moving up the past 2 days, we didn’t get filled on your closing order. Now, with SPY trading over $296, we’re going to roll our position out […]
Stock / Symbol: SPDR S&P 500 / SPYOption Strategy: bear call spreadTrade entry date / price: 29 Aug 2019 / $291.32Price at this post: $293.44 Reasoning: Submitting a closing order for our bear call spread on SPY to capture at least 70% of the trade’s profit & reduce the risk of SPY trading over $296 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Ulta Beauty / ULTAOption Strategy: bull put spreadPrice at trade post: $240.75 Reasoning: Taking advantage of today’s big drop on ULTA after a disappointing earnings announcement with a bull put spread utilizing September expiring options. This trade currently […]