Stock / Symbol: Lennar / LENOption Strategy: Vertical Put SpreadTrade entry date / price: 17 Jun 2020 / $64.40Price at this post: $58.50 Update: Our closing order filled this morning, giving us an 80% return in 12 calendar days. Position Details: Long 1 LEN 17Jul20 60 putShort 1 LEN 17Jul20 55 put Entered at a […]
Stock / Symbol: Lennar / LENOption Strategy: Vertical Put SpreadTrade entry date / price: 17 Jun 2020 / $64.40Price at this post: $58.50 Reasoning: Looks like LEN is finding support at the $57.50 level, so we’re going to adjust our exit order a bit to increase our chances of getting filled. The Greeks on this […]
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: $32.00 Update / Reasoning: Although it has pulled back from our entry price, we’re still expecting UAL to trade at or near the $45 range […]
Stock / Symbol: Lennar / LENOption Strategy: Vertical Put SpreadTrade entry date / price: 17 Jun 2020 / $64.40Price at this post: $57.43 Update: So far, LEN has started pulling back as expected. We’re going to enter in our exit order now as LEN is closing in our our target price. The Greeks on this […]
Stock / Symbol: Peloton / PTONOption Strategy: Calendar Put SpreadTrade entry date / price: 18 Jun 2020 / $50.65Price at this post: $55.65 Reasoning: PTON has blown past our upside stop. Closing out the trade for now. We may re-enter the trade on a confirmed pullback. Trade Exit Order: STC 1 PTON 21Aug20 40 putBTC […]
Stock / Symbol: iShares Silver Trust / SLVOption Strategy: Diagonal Call SpreadTrade entry date / price: 03 Apr 2020 / $13.54Price at this post: $16.59 Update / Adjustment: The recent 17 strike call we sold expired worthless last Friday, enabling us to retain the full premium we collected. Now, we’re going to sell another 17 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Alternative Harvest / MJOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $14.00Price at this post: $13.40 Adjustment: Our short 15 strike calls expired worthless last Friday, enabling us to retain the full premium […]
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: $23.85 Adjustment: Selling 30 strike calls against our long 30 calls to generate additional income. Trade Adjustment Details: STO […]
Stock / Symbol: Uber / UBEROption Strategy: Iron CondorTrade entry date / price: 12 Jun 2020 / $32.02Trade exit date / price: 19 Jun 2020 / $32.30 Recap: UBER closed at $32.30 last Friday, in-between our short 31 put and long 35 put. Our position expired and we were able to realize the trade’s full […]
Stock / Symbol: Peloton / PTONOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price : 28 May 2020 / $41.50Price at this post: $50.97 Update: Although we should get filled at a debit of $1.00 before the day is done, we’re upping the debit by $0.05 to get filled now. Trade Exit Details: […]