Stock / Symbol: Facebook / FBStrategy: Reverse Iron CondorTrade entry date / price: 27 Nov 2020 / $278.50Trade exit date / price: 17 Dec 2020 / $276.15 Reasoning: Downside stop hit. Exiting the position here for a loss. This is a painful reminder of how difficult it is to pick a direction. Trade Exit Order: […]
Stock / Symbol: S&P 500 / SPXStrategy: Bull Put SpreadTrade entry date / price: 14 Dec 2020 / $3673Trade exit date / price: 17 Dec 2020 / $3714 Update / Recap: Our exit order was filled right at market open today, capturing a 10% return in 4 trading days. Position:Short 1 SPX 18Dec20 3595 putLong […]
Stock / Symbol: S&P 500 / SPXStrategy: Bull Put SpreadTrade entry date / price: 14 Dec 2020 / $3673Price at this post: $3716 Correction: I had incorrectly stated to STO / BTO on the exit order. Obviously, it should have been BTC / STC Corrected Trade Exit Order:BTC 1 SPX 18Dec20 3595 putSTC 1 SPX […]
Stock / Symbol: Facebook / FBStrategy: Reverse Iron CondorTrade entry date / price: 27 Nov 2020 / $278.50Price at this post: $279.15 Update / Reasoning: With FB at essentially the same price as it was back when we entered the position + with less than 30 days to expiration of our options, the sage thing […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Amazon / AMZNStrategy: Bull Put SpreadTrade entry date / price: 11 Dec 2020 / $3083Trade exit date / price: 16 Dec 2020 / $3204 Recap: Got filled today at 7:09am PST with AMZN at $3204, locking in a […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: NIO Limited / NIOStrategy: Calendar Call SpreadTrade post date: 16 Dec 2020Price at this post: $44.95 Reasoning: NIO, the Chinese electric car company, found support this week at the $38 price level (for the 3rd time in just […]
Stock / Symbol: S&P 500 / SPXStrategy: Bull Put SpreadTrade entry date / price: 14 Dec 2020 / $3673Price at this post: $3690 Update: Entering our exit order now, structured to profit by $45 per contract. As usual, using a GTC order as it will likely not fill until tomorrow or Thursday. This position’s Greeks […]
Correction: My exit order incorrectly said “Trade Entry Order”. It should have read “Trade Exit Order”. Here is the correct order below: Trade Exit Order:BTC 1 AMZN 08Jan21 2800 putSTC 1 AMZN 08Jan21 2790 put For a max net debit of $0.55 per contract (GTC order, limit order). The mid is currently at a debit […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 / SPXStrategy: Bull Put SpreadTrade post date: 14 Dec 2020Price at this post: $3681 Reasoning: Technically, SPX appears to want to re-test its recent high of 3712 and move even higher. On that premise, we’re going […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Amazon / AMZNStrategy: Bull Put SpreadTrade entry date / price: 11 Dec 2020 / $3083Price at this post: $3172 Update / Reasoning: Entering in our exit order now to attempt to capture a $85 per contract profit. The […]