This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Diagonal Call SpreadTrade entry date / price: 28 Feb 2020 / $47.60Price at this post: $23.18 Update / Adjustment: The 25 strike call we sold on Apr 24th, will expire worthless […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: SPDR S&P500 ETF / SPYOption Strategy: Bear Call SpreadTrade post date: 08 May 2020Price at this post: $291.78 Reasoning: The market has rebounded very nicely. Technically, however, the SPY is likely to run into resistance between 300 and […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: The Walt Disney Co / DISStrategy: Calendar Call SpreadTrade entry date / price: 05 Mar 2020 / $113.60Price at time of this post: $107.50 Update / Adjustment: The last call we sold expires today and is way OTM, […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Salesforce.com / CRMOption Strategy: Iron CondorTrade entry date / price: 01 May 2020 / $156.00Price at this post: $167.50 Reasoning: Our upside stop has been triggered, so we’re going to close the trade here to avoid further loss. […]
Stock / Symbol: ProShares Ultra Natural Gas ETF / BOILOption Strategy: Diagonal Call SpreadTrade entry date / price: 10 Jan 2020 / $8.49Price at this post: $58.50 (post 10x reverse split) Update: BOIL did a 10x reverse split on Apr 20th. Our current position (19June 6 strike calls) is up a bit, easing the loss […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Grubhub / GRUBOption Strategy: Calendar Call SpreadTrade entry date / price: 16 Apr 2020 / $40.55Price at this post: $48.25 Reasoning: Ahead of GRUB’s scheduled earnings announcement tomorrow afternoon, we’re currently up over 50% on this trade. So, […]
Stock / Symbol: Nasdaq 100 Index / QQQOption Strategy: Bear Call SpreadTrade entry date / price: 17 Apr 2020 / $213.70Price at this post: $212.85 Update: QQQ is going to close under $229 today, allowing us to realize this trades full profit potential. No need to close the position, just let it expire worthless. Position […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Salesforce.com / CRMOption Strategy: Iron CondorTrade post date: 01 May 2020Price at this post: $156.00 Reasoning: I’m expecting CRM to trade in a channel, between 165 & 145, between now and May 15th. To play this premise, we’re […]
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: $25.12 Update / Adjustment: It’s not looking like our open order to sell the May expiration 30 strike calls […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: United Parcel Service / UPSOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price: 24 Apr 2020 / $99.555Price at this post: $98.02 Reasoning: UPS has flopped on its earnings announcement, so we’re going to close the […]