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: 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: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Price at trade entry: $153.60 Price at this post: $155.00 Adjustment: Upside stop hit. Closing out the call calendar and buying back the short put. If DIA continues higher next week, we’ll likely add a new call calendar. Otherwise, we’ll […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Price at trade post: $153.60 Reasoning: With 35 days to October expiration, I’m putting on a delta neutral trade on DIA. The Greeks on this double calendar are: delta of 2, a positive theta of 0.50 and a positive vega […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: double calendar; Trade entry date / price: Jul 26 / $155 Price at trade post: $150.80 Reasoning: Original 152 strike put calendar turned out to be the right call. Unfortunately, the Jul 31 adjustment of adding the call calendar hurt us when […]
Stock / Symbol: Herbalife / HLF; Option Strategy: [/private_monthly]double calendar[/private_monthly]; Trade entry date / price at trade post: Jul 29 / $60; Price at this post: $66.05 Reasoning: Up about 7%. Going to book the win now just in case HLF goes higher and reduces our profit or turns this into a losing trade. Closing […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Opening Option Strategy: [private_monthly]put calendar[/private_monthly]; Option Strategy after adjustment: [private_monthly]double calendar[/private_monthly]; Price at trade post: $155.75; Reasoning: Upside stop of $155.75 triggered, adding the aforementioned [private_monthly]call calendar, making a double calendar trade.[/private_monthly] The adjusted Greeks are: delta of -22, a positive theta of 9.4 […]
Stock / Symbol: Herbalife / HLF; Price at trade post: $60; Option Strategy: [/private_monthly]double calendar[/private_monthly]; Reasoning: The street is pricing in a big move on HLF following their earnings announcement Monday afternoon and we’re going to take advantage of it. This [private_monthly]double calendar[/private_monthly] has a Delta of .33, a positive Theta of 10, and a […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Trade entry date / price: May 24 / $152.60 Price at this post: $152.30 Remaining Position: long 2 DIA Aug13 151 puts short -2 DIA MayWk5 151 puts Reasoning: Closing out the remaining put calendar for a 4.6% total return […]