Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Diagonal put spread Trade entry date / price: Aug 28 / $105.20 Price at this post: $102.98 Update: lowering the ask to get filled today. Closing Trade Details:[private_monthly] STC 1 QQQ Oct15 105 put BTC -1 QQQ SepWk1 100 put for a min net credit of […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Diagonal put spread Trade entry date / price: Aug 28 / $105.20 Price at this post: $101.05 Reasoning: I’m entering in a GTC order to close the position with the goal of catching QQQ trading a bit lower than it did today. Closing Trade Details:[private_monthly] STC […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Diagonal put spread Trade entry date / price: Aug 28 / $105.20 Price at this adjustment: $104.35 Reasoning: With the market trading down today, going to adjust the position to turn the Theta positive. After this adjustment, the Greeks will be: -35.5 Delta; 6.2 Theta; and […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Original Option Strategy: double calendar Adjusted Strategy: diagonal put spread Trade entry date / price: Sep 13 / $153.60 Price at this post: $150.70 Current Position: Long 2 Nov13 148 puts Short 2 OctWk1 150 puts Reasoning: Currently at the profit sweet spot in […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Original Option Strategy: double calendar Adjusted Strategy: diagonal put spread Trade entry date / price: Sep 13 / $153.60 Price at this post: $152.00 Current Position:[private_monthly] Long 2 Nov13 148 puts Short 2 Sep13Wk4 152 puts [/private_monthly] Adjustment: Rolling the short 152 puts over […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]diagonal put spread[/private_monthly] Trade entry date / price: Aug 27 / $147.90 Price at trade exit: $147.77 Update: I thought this closing trade notice had gone out on Friday. Sorry about that. I closed this position on Friday for an 18% return […]
Stock / Symbol: Herbalife / HLF Option Strategy: diagonal put spread Trade entry date / price: Feb 15 @ $42.70 Price at this post: $39.40 Reasoning: HLF is down 8% from our trade entry, and our position is up around 20%. Even if HLF doesn’t pop on earnings, there’s the near certainty that volatility will […]
Stock / Symbol: Herbalife / HLF Price at trade post: $42.70 Option Strategy: [/private_monthly]diagonal put spread[/private_monthly] Reasoning: Thinking that the street’s reaction to Carl Ichan’s disclosed 12.98% state in HLF is over blown to the upside, I’m going to put on a downside directional bet using a [private_monthly]diagonal 42.5/40 put spread[/private_monthly]. With HLF announcing earnings […]