Stock / Symbol: LYFT / LYFTOption Strategy: Synthetic Long SpreadTrade entry date / price: 25 Nov 2019 / $48.88Price at this post: $28.88 Reasoning: This trade has turned out to be a casualty of the COVID-19 market selloff. We’re going to close it out and take the loss. However, we will look to enter a […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Diagonal Call SpreadTrade entry date / price: 28 Feb 2020 / $47.60Price at this post: $18.25 Update / Adjustment: We are going to be able to let the 23 strike call […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Grubhub / GRUBOption Strategy: Calendar Call SpreadTrade post date: 16 Apr 2020Price at this post: $40.55 Reasoning: GRUB is another good social distancing trade. With an upside target for GRUB of $55, we’re going to utilize a 50 […]
Stock / Symbol: Docusign / DOCUOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price: 09 Apr 2020 / $89.30Trade exit date / price: Price at this post: 16 Apr 2020 / $102.90 Recap: We were filled right at market open on our exit order. 58% return in one week! Position: Long 1 DOCU […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Docusign / DOCUOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price: 09 Apr 2020 / $89.30Price at this post: $101.14 Update: DOCU has reached our price target of $101 today, so we’re going to enter in […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Docusign / DOCUOption Strategy: Broken Wing Butterfly Call SpreadTrade post date: 09 Apr 2020Price at this post: $89.30 Reasoning: Docusign is a social distancing trade. Our upside target for DOCU is $101 and we’re going with a slightly […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Diagonal Call SpreadTrade entry date / price: 28 Feb 2020 / $47.60Price at this post: $16.90 Update / Adjustment: We were able to let the 20 strike call we sold expire […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: iShares Silver Trust / SLVOption Strategy: Diagonal Call SpreadTrade post date: 06 Apr 2020Price at this post: $13.75 Reasoning: With silver trading at multi-year lows, we’re entering into a delta long position on SLV using a Diagonal Call […]
This post is restricted to paying members. To follow are specific position management details: Stock / Symbol: Johnson & Johnson / JNJOption Strategy: Bull Put SpreadTrade entry date / price: 27 Feb 2020 / $141.50Price at this post: $133 Adjustment: We’re going to get back into a put credit spread to gradually work our way […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: BP PLC / BPStrategy: Calendar Call SpreadTrade entry date / price: 10 Mar 2020 / $25.90Price at this post: $24.25 Adjustment: Our short calls expired worthless last Friday, enabling us to retain the full premium we collected. We’re […]