Stock / Symbol: Slack Technologies / WORKStrategy: Diagonal Call SpreadTrade entry date / price: 14 Aug 2020 / $28.35Trade exit date / price: 06 Oct 2020 / $29.01 Recap: Our exit order filled today for a 15% return. Position Review: Long 1 WORK 18Jun21 28 call – in @ $6.65 debit, out @ $6.20 creditShort […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Wells Fargo / WFCStrategy: Diagonal Call SpreadTrade post date: 04 Sep 2020 / $24.68Price at this post: 24.78 Update / Reasoning: The call we sold on the short leg of this position can now be bought back for […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Zoom / ZMStrategy: Bull Put SpreadTrade post date: 05 Oct 2020Price at this post: $480.71 Correction: This should be a day order, not a GTC order Entry Order Correction: STO 1 ZM 09Oct20 450 putBTO 1 ZM 09Oct20 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Zoom / ZMStrategy: Bull Put SpreadTrade post date: 05 Oct 2020Price at this post: $484.37 Reasoning: Zoom has been on an absolute tear since everyone started working from home. Technically, ZM has continued to find support at it’s […]
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: $35.96 Update / Reasoning: Depending on when you entered this position, the short 40 or 42 strike calls expired worthless last Friday, enabling us to […]
This post is restricted to paying members. Stock / Symbol: Johnson & Johnson / JNJStrategy: Calendar Call SpreadTrade entry date / price: 01 Oct 2020 / $148.15Price at this post: $147.75 Update: My entry price was actually $4.38 per contract, not $4.55 as originally posted. Position Details: Long 1 JNJ 18 Dec20 150 callShort 1 […]
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: $31.40 Update / Adjustment: Entering an order to sell another call against the position to generate […]
Stock / Symbol: Slack Technologies / WORKStrategy: Diagonal Call SpreadTrade entry date / price: 14 Aug 2020 / $28.35Price at this post: $27.78 Update / Reasoning: Going to enter in our exit order here, which likely won’t fill until WORK is trading at/over $28.75. Note that, although WORK is trading below where it was when […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Johnson & Johnson / JNJStrategy: Iron CondorTrade post date: 01 Oct 2020Price at this post: $148.15 Reasoning: JNJ has recently found support at the $144 level and is now trending up towards $150. On this premise, we’re getting […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: DOW JONES ETF / DIAStrategy: Iron CondorTrade post date: 01 Oct 2020Price at this post: $279.25 Reasoning: Expecting the the markets to trade in a confined range, I’m going with a Delta neutral trade using an Iron Condor […]