Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: 29 Feb / $103.70 Price at trade post: $109.56; Current Position: Long 1 IWM MarWk4 105.5 call Long 1 IWM MarWk4 100.5 put Short -1 IWM Mar16 105.5 call Short -1 IWM Mar16 100.5 put Reasoning: With […]
Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Price at trade post: $103.70; Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on IWM with the long legs expiring on the 4th week of March. The Greeks on this trade are: -1.6 delta, 0.9 theta, and -3 vega. We’ll look to adjust or […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double calendar; Trade entry date / price: Oct 22nd / $171.76; Price a this adjustment: $178.60; Current Position: Long 1 DIA Dec15 168 put Short 1 DIA Nov15 168 put Long 1 DIA Nov15 177.5 call at an effective cost of $1.60 per […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Oct 22nd / $171.76 Price a this adjustment: $177.20 Current Position:[private_monthly] Long 1 DIA Dec15 168 put Short 1 DIA Nov15 168 put at an effective cost of $1.11 per contract[/private_monthly] Reasoning: With DIA rebounding on […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Oct 22nd / $171.76 Price a this adjustment: $173.05 Adjustment: selling another put against the position. After this adjustment, the Greeks will be: -12.7 delta, 4.2 theta, and 12.3 vega Trade Adjustment Details:[private_monthly] STO -1 DIA […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Oct 22nd / $171.76 Price at trade post: $176.14 Adjustment: Upside stop hit. Taking profits on the call portion on the calendar spread. Greeks after this adjustment will be: -20.6 delta, 0.5 theta, and 19.4 vega […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Price at trade post: $171.76 Reasoning: Between now and the expiration of the OctWk5 options, the standard deviation calculation for DIA is between [private_monthly]168 to 176. I’m going to use a Double Calendar[/private_monthly] which has a delta of 5.8, a positive […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / Aug 20 / price: $207 Price at trade post: $199 Reasoning: Closing trade here at break-even to protect against the possibility of another market pullback. Closing Trade Details: STC 2 SPY Oct15 214 calls for a min net […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / Aug 20 / price: $207 Price at trade post: $200.50 Reasoning: downside stop of $202 hit. Closing out put calendar portion of the trade & buying back the short calls Trade Adjustment Details:[private_monthly] STC 2 SPY Oct15 202 […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $207 Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on SPY. This trade’s greeks are: 6.8 Delta, 4.0 Theta, and 40.8 Vega. We’ll look to adjust / close the trade at either of the upside or downside stops. Trade Details:[private_monthly] BTO 2 SPY […]