This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Square / SQStrategy: Broken Wing Short Butterfly Put SpreadTrade post date: 23 Sep 2021Price at this post: $265 Reasoning: SQ, an online credit card processor, has demonstrated a bullish technical signal today with a gap up, over its […]
Stock / Symbol: Cummins / CMIStrategy: Short Butterfly Call SpreadTrade post date / price: 19Sep2021 / $227.69Price at this post: $223.10 Reasoning: While CMI did trade down as anticipated, Monday’s gap down didn’t allow entry into the position. I’m cancelling the entry order and looking for another entry point. Cancel the following Order: STO 1 […]
Stock / Symbol: Apple / AAPLStrategy: Diagonal Put SpreadTrade entry date / price: 23 Aug 2021 / $148.20Price at this post: $143.20 Update / Reasoning: Today’s big market wide pullback is presenting an opportunity to close out this position for just under a 10% return. The current net position Greeks are: -25.0 Delta, -1.4 Gamma, […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Gold Miners ETF / GDXStrategy: Diagonal Call Spread+ Long PutTrade entry date / price: 12 Aug 2021 / $32.80Price at this post: $30.40 Update / Reasoning: The plan was to take profits on the long put with GDX […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Cummins / CMIStrategy: Short Butterfly Call SpreadTrade post date: 19Sep2021Price at this post: $227.69 Reasoning: CMI, a manufacturer of diesel and natural gas engines, electric and hybrid powertrains, has a chart that recently indicated a technical sell signal. […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Apple / AAPLStrategy: Diagonal Put SpreadTrade entry date / price: 23 Aug 2021 / $148.20Price at this post: $145.95 Update / Reasoning: With the Delta on the position at just -3.5, I’m adding a long put to bring […]
Stock / Symbol: General Motors / GMStrategy: Diagonal Put SpreadTrade entry date / price: 25 Aug 2021 / $49.80Price at this post: $51.60 Update / Reasoning: Barring a pullback to $50 later today, the open exit order on the put spread isn’t going to fill. While the gain isn’t as much as I’d like, this […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: YETI Holdings / YETIStrategy: Bull Put SpreadTrade post date: 16 Sep 2021Price at this post: $101.30 Reasoning: Technically, YETI, a manufacturer and distributor of outdoor recreation products, has found continued support along its 50 day average, is trending […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Ballard Power Systems / BLDPStrategy: Bull Put SpreadTrade entry date / price: 24 Jun 2021 / $17.70Price at this post: $15.12 Update / Reasoning: With just 2 days to expiration, and with the 16 strike puts ITM, I’m […]
Stock / Symbol: General Motors / GMStrategy: Diagonal Put SpreadTrade entry date / price: 25 Aug 2021 / $49.80Price at this post: $50.65 Reasoning: With GM trading near the strike of the position’s short put, I’m going to attempt close out the position for a relatively quick, 6,4% return. On entry, the net position Greeks […]