Stock / Symbol: Invesco Solar ETF / TANStrategy: StrangleTrade entry date / price: 18 May 2023 / $70.35Price at this post: $70.85 Update / Reasoning: Three-week time stop hit today. Closing the trade here. Trade Exit Order:BTC 1 TAN 21Jul23 65 put For a max net debit of $0.95 per contract (GTC order, limit order). […]
Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Diagonal Call SpreadTrade entry date / price: 11 May 2023 / $28.80Price at this post: $35.40 Update / Reasoning: With the net position Delta turning negative, time to take profits on this trade. At entry, the net position Greeks were approximately: 31.5 Delta, -4.4 Gamma, […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: BioTech ETF / XBIAdjusted Strategy: Call Diagonal SpreadTrade entry date / price: 02 Feb 2023 / $91.75Price at this post: $85.55 Current Position: Short -1 XBI 16Jun23 90 callLong 1 XBI 16Jun23 94 call@ a net credit of […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Invesco Solar ETF / TANStrategy: StrangleTrade entry date / price: 18 May 2023 / $70.35Price at this post: $72 Reasoning: With it looking like support has been established at the $68 level, I’m selling a put here against […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Virgin Galactic / SPCEStrategy: Diagonal Call SpreadTrade post date: 25 Aug 2022 / $6.32Price at this post: $3.75 Update / Reasoning: The last set of calls I sold expired worthless last week. With the profit from the short […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Target / TGTStrategy: Bull Put SpreadTrade post date: 02 Jun 2023Price at post: $131.30 Reasoning: TGT is down about 20% from its recent highs following its own “Bud Light moment”. On the premise that most of pain is […]