Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $67.20; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) Short -1 TNA DecWk2 75.81 call (originally 77, adjusted due to dividend) […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72 Price at trade adjustment: $73 Current Position:[private_monthly] Long 1 TNA Jan14 77 call Short -1 TNA DecWk1 77 call [/private_monthly] Reasoning: Rolling the short call to next week’s expiration. Trade Adjustment: […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Price at trade post: $70.50 Position:[private_monthly] Long 1 TNA Jan14 77 call Short -1 TNA DecWk1 77 call Long 1 TNA Jan14 72 put Short -1 TNA DecWk1 72 put [/private_monthly] Reasoning: Downside stop hit. Closing out the put calendar […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Price at trade post: $75.72 Reasoning: Putting on a non directional trade here on TNA but with a -7 Delta, it has a slight negative bias. The greeks on this trade are: -7 delta, a 10.5 theta, and 15.5 vega. […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Price at this post: $69.78 Reasoning: up about 5%, taking upside + downside risk off.). Trade Adjustment Details: STC 2 TNA Dec13 70 calls BTC -2 TNA Nov13 70 calls […]
I lowered my ask down to $11.45. Just got filled for a 27% return in 4 days! Closing Trade Details: STC 1 LNKD Dec13 270 call BTC -1 LNKD NovWk1 270 call STC 1 LNKD Dec13 210 put BTC -1 LNKD NovWk1 210 put for a min net credit of $11.45 per contract (day order, […]
Stock / Symbol: LinkedIn / LNKD Option Strategy: double calendar Trade entry date / price: Oct 25 / $241 Price at this post: $244 Reasoning: As of yesterday’s close, we were already up about 20% on this trade. Going to close out this morning, ahead of the this afternoon’s earnings announcement. Current Greeks on this […]
Stock / Symbol: LinkedIn / LNKD Option Strategy: double calendar Price at trade post: $241 Reasoning: putting on a delta neutral trade to play LinkedIn’s earnings announcement scheduled for next Tuesday afternoon. I’m setting the option strikes based on the street’s expected move of +/- 30. The Greeks on this double calendar are: Delta of […]
Stock / Symbol: Amazon.com / AMZN Option Strategy: double calendar Trade entry date / price: Oct 23 / $326 Price at this post: $365 Reasoning: The damn thing went up 39 (instead of the estimated 22), putting us on the wrong side of our short 350 call. We could wait and hope for AMZN to […]
Stock / Symbol: Amazon.com / AMZN Option Strategy: double calendar Price at trade post: $326 Reasoning: putting on delta neutral trade to play Amazon’s earnings announcement tonight. I’m setting the option strikes based on the street’s expected move of +/- 22. The Greeks on this double calendar are: delta of 1.4, a positive theta of […]