Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $36.24 Adjustment: Selling another call against the position to generate revenue. The Greeks after this adjustment will be: 34.8 delta, 0.7 theta, and 15.0 vega. Trade Adjustment Details: [private_monthly] STO -1 […]
Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $37.26 Adjustment: Our short call expired worthless on Friday. Now, selling a Jun Wk1 call against the position. The Greeks after this adjustment will be: 38.3 delta, 1.23 theta, and 2.6 […]
Stock / Symbol: Direxion Gold Miners Bull 3x / NUGT Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $13.68 Reasoning: With precious metals and miners looking like they have some decent upside here, I’m putting on a [private_monthly]calendar call spread[/private_monthly] on NUGT. I’ll be selling weekly options to generate income against the position. The […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread + calendar put spread[/private_monthly] Trade entry date / price: 27 Apr / $131.55 Price at this adjustment: $124.70 Adjustment: With AAPL trading below its 50 day average, I’m taking off the call calendar. I’ll re-enter the trade with AAPL back over its 50 […]
Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $37.40 Adjustment: After a doozie of an earnings report, we’re going into claw back mode on this trade. I’m going to close the long 55 strike call and move to a […]
Stock / Symbol: Twitter / TWTR Price at trade post: $51 Option Strategy: [private_monthly]calendar call spread[/private_monthly] Reasoning: Putting on a [private_monthly]calendar call spread[/private_monthly] on TWTR with the idea of generating monthly or weekly income while we wait for TWTR to hit [private_monthly]$55[/private_monthly]. The Greeks going into this trade are: 14.3 delta, 3.7 theta, and 12.6 […]
Stock / Symbol: Solar City Corp / SCTY Option Strategy: calendar call spread; Trade entry date / price: 7 Nov / $51.30; Price at this post: $58.65; Reasoning: With SCTY reporting earnings this afternoon, and with it trading very near to our price target, it’s time to book this win and avoid the uncertainty of […]
Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread / diagonal call spread[/private_monthly]; Trade entry date / price: 7 Nov / $51.30; Price at this post: $52.53; Current Position: Long 1 SCTY Jan16 60 call for an effective net debit of $6.30 per contract Adjustment: Time to sell another another short […]
Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: calendar call spread Trade entry date / price: Nov 21 / $27.88 Price at this post: $28.90 Current Position: Long 3 VXX Jan15 32 calls Short 3 VXX Dec14 32 calls At a net cost of $0.52 per contract Reasoning: With Volatility […]
Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: [private_monthly]calendar call spread[/private_monthly] Trade entry date / price: Nov 21 / $27.88 Price at this post: $28.50 Current Position: [private_monthly] Long 3 VXX Jan15 32 calls [/private_monthly] Adjustment: Last Friday, our short calls expired worthless, allowing us to capture their full premium. […]