Stock / Symbol: Lululemon Athletica / LULU Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $62.30 Reasoning: For LULU’s earnings announcement scheduled for sometime between Sep 9 – 14, I’m putting on a [private_monthly]double calendar[/private_monthly] with strikes about 3 to 4.5 points OTM. The Greeks currently show a delta of 1.64, a positive theta of […]
Stock / Symbol: Tesla Motors / TSLA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: Jul 7 / $265.50 Price at this post: $264.00 Reasoning: With TSLA barely moving today (down 0.88%) and with volatility slightly up, this trade should be up today but it’s not. At this price, the trade’s risk graph tells […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: Double Calendar Trade entry date / price: May 7 / $107.01 Price at this post: $112.70 Reasoning: Selling the long call. Long put will expire worthless today. Closing Trade Details: STC 1 QQQ Jul15 112 call for a min net credit of $0.65 per contract (day […]
Stock / Symbol: Tesla Motors / TSLA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $265.50 Reasoning: For TSLA’s earnings announcement scheduled for Aug 5th, I’m putting on a [private_monthly]double calendar[/private_monthly] with strikes about 15 – 20 points OTM. The Greeks currently show a delta of 0.01, a positive theta of 6.5 and a vega […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: May 7 / $107.01 Price at this adjustment: $109.51 Adjustment: [private_monthly]Selling a Jun call against our long call.[/private_monthly] After this adjustment, the trade’s Greeks will be: -1.5 Delta, -2.0Theta, and 17.6 Vega. Trade Adjustment Details:[private_monthly] STO -1 QQQ Jun […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: May 7 / $107.01 Price at this adjustment: $110.64 Adjustment: [private_monthly]Selling a Jun Week1 call against our long call.[/private_monthly] After this adjustment, the trade’s Greeks will be: -3.9 Delta, -1.1 Theta, and 20.7 Vega. Trade Adjustment Details:[private_monthly] STO -1 QQQ […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: May 7 / $107.01 Price at this adjustment: $110.18 Reasoning: On Friday, the options we sold against the position expired worthless, allowing us to capture the full premium we sold them for. With QQQ up over 110 today, we’re […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $107.01 The Trade: Putting on a [private_monthly]double calendar[/private_monthly] on QQQ. This trade’s greeks are: 4.9 Delta, 3.2 Theta, and 30 Vega. Trade Details:[private_monthly] BTO 1 QQQ Jul 110 call STO -1 QQQ May 110 call BTO 1 QQQ Jul 104 put STO -1 […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly]; Trade entry date / price: 31 Mar / $207.20 Price at this post: $211.54 Reasoning: In hindsight, I was wrong to take off the call portion of this trade. Going to close out the remaining puts, lick my wounds, and re-group. Closing […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly]; Trade entry date / price: 31 Mar / $207.20 Price at this adjustment: $208.10 Adjustment: Going to close out the call portion of the trade and play a market move to the downside. Greeks after this adjustment will be: -59.2 Delta; -8.2 Theta; and […]