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: $17.76 Adjustment: With BP trading significantly lower than our entry point, we’re adding to our long 25 strike leg […]
Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade entry date / price: 23 Sep 2020 / $323.20Price at this post: $332.46 Update / Reasoning: I was right about a pullback but wrong about how much of one. I was looking at SPY pulling back to its 200 day average at around $310. […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Calendar Call SpreadTrade entry date / price: 28 Feb 2020 / $47.60Price at this post: $28.02 Update / Adjustment: Buying back the Oct 2nd expiring 40 strike call we last sold. […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade post date: 23 Sep 2020Price at this post: $323.20 Reasoning: Putting on a Vertical Put Spread on SPY to bring our overall Delta a bit closer to neutral should the […]
This post is restricted to paying members. Stock / Symbol: United Airlines / UALOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $38.55Price at this post: $34.00 Update / Reasoning: The airlines got hit hard yesterday on renewed lockdown fears, including UAL. To give us more time to reach our price […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Call SpreadTrade entry date / price: 21 Sep 2020 / $104.50Price at this post: $111.60 Reasoning: With AAPL trading right near 110 already, we’re going to close this one out now for a nice, […]
Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade entry date / price: 17 Sep 2020 / $19.63Price at this post: $20.80 Reasoning: Looks like the market sell-off is over. Going to adjust the sell order to get filled asap. The current Greeks on this position are: 27.9 Delta, 2.3 Theta and 2.2 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Slack Technologies / WORKStrategy: Diagonal Call SpreadTrade entry date / price: 14 Aug 2020 / $28.35Price at this post: $25.95 Update / Reasoning: Despite posting pretty good numbers, WORK got hammered following its earnings announcement on Sep 8th. […]
Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade entry date / price: 17 Sep 2020 / $19.63Price at this post: $21.45 Reasoning: We’ve gotten our anticipated market pullback. Technically, it looks like the major indices could find support as early as today or tomorrow. With that in mind, we’re going to enter […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Call SpreadTrade post date: 21 Sep 2020Price at this post: $104.15 Reasoning: AAPL is currently trading almost 25% lower than it’s recent high. While it could certainly pull back to its 200 day average […]