Stock / Symbol: Wells Fargo / WFCStrategy: Diagonal Call SpreadTrade post date: 04 Sep 2020 / $24.68Price at this post: $28.45 Update / Reasoning: With WFC trading above this position’s short leg strike, and our position’s Delta now negative, we’re going to close the trade here for net gain of around 17%. The current Greeks […]
Stock / Symbol: Solar ETF / TANStrategy: Calendar Call SpreadTrade entry date / price: 12 Nov 2020 / $75.09Trade exit date / price: 23 Nov 2020 / $79.38 Update: Our exit order was filled today at 8:22am PST. Position Details:Long 1 TAN 16Apr21 80 callShort 1 TAN 27Nov20 80 call Entered the position for a […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Russell 2000 / RUTStrategy: Bear Call SpreadTrade post date: 23 Nov 2020Price at this post: $1804 Reasoning: With RUT reaching an all time high of 1805.20 last Thursday, it’s due for pullback. On this premise, we’re entering into […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Solar ETF / TANStrategy: Calendar Call SpreadTrade post date: 12 Nov 2020 / $75.09Price at this post: $80.15 Update / Reasoning: With TAN at the strike price of our calls, we’re entering the exit order to capture an […]
Stock / Symbol: FireEye / FEYEStrategy: StrangleTrade entry date / price: 20 Nov 2020 / $15.88Price at this post: $15.08 Update / Reasoning: In hindsight, I should have gone with the 15.5 strike put instead of the 15. Since it looks like we’re not going to get the expected price movement out of FEYE today, […]
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This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: FireEye / FEYEStrategy: StrangleTrade post date: 20 Nov 2020Price at this post: $15.75 Reasoning: This is not a typical Positive Theta trade. While this is a low risk trade, it is highly speculative and does not involve a […]
Stock / Symbol: Alternative Harvest / MJOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $14.00Trade exit date / price: 19 Nov 2020 / $13.37 Recap: Our exit order was filled today at 11:37am PST. Position Review: Long 2 MJ 15Jan21 12 callsShort 2 MJ 20Nov20 14 calls Accounting for the […]
Stock / Symbol: Alternative Harvest / MJOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $14.00Price at this post: $13.34 Update: Didn’t get filled at $1.75, lowering the credit to $1.70. Trade Exit Order Adjustment: STC 2 MJ 15Jan21 12 callsBTC 2 MJ 20Nov20 14 calls For a min net credit […]
Stock / Symbol: Alternative Harvest / MJOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $14.00Price at this post: $13.42 Reasoning: With less than 60 days till the expiration of our options on the long leg of the trade, we’re going to exit here for a modest gain. Note that although […]