Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Adjustment: With TNA back to about where we started, we can capture about 60% of our potential profit on our short puts if we buy them back here. I’m also […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Price at trade post: $67 Reasoning: Anticipating a market pullback, I’m making a directional play on TNA going down. The greeks on this trade are: -21 delta, a 2.9 theta, and 9.6 vega. If our upside stop is triggered, we’ll […]
Adjusting the closing order on the AMZN put calendar as follows: STC 1 AMZN NovWk4 360 put BTC -1 AMZN OctWk4 360 put for a min net credit of $9.10 per contract (day order, limit order). Mid is currently at $9.10
Stock / Symbol: Amazon.com / AMZN Option Strategy: put calendar Trade entry date / price: Oct 25 / $365 Price at this post: $358 Reasoning: downside stop hit, entering closing order now. Closing Trade Details: STC 1 AMZN NovWk4 360 put BTC -1 AMZN OctWk4 360 put for a min net credit of $9.20 per […]
The upside stop on the new AMZN put calendar is 368.50, not 388.50.
Stock / Symbol: Amazon.com / AMZN Option Strategy: put calendar Price at trade post: $365 Reasoning: just a day trade on AMZN here, looking for some profit taking by the end of the day today. Greeks are: delta of -20, a positive theta of 77 and a positive vega of 34. Note that I’m using […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Trade entry date / price: Sep 13 / $153.60 Price at this post: $153.88 Current Position:[private_monthly] Long 2 Nov13 148 puts at an effective cost of $1.20 (factoring in profit from closing the call calendar + short puts) Reasoning: After […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Trade entry date / price: Jul 18 / $59 Price at this post: $59 Reasoning: TNA is right where we started on this trade but we’re up about 15%. Gotta love it. Taking the trade off here just incase the […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]put calendar[/private_monthly] Price at trade post: $155 Reasoning: Looking for a trade that benefits from a little pullback in the market / increase in volatility. The Greeks on this trade are: delta of -41, a positive theta of 2.6 and a positive […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Price at trade post: $59 Reasoning: Making a relatively low risk, high reward, non directional (but with downside bias) play on TNA. The greeks on this trade are: -10.7 delta, a 3.3 theta, and 10.3 vega. If our upside stop […]