Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 24 / $152.60 Price at this adjustment: $154.75 Reasoning: Upside stop hit so I’m going to take profits on the call spread portion of the trade. Will look at either adding another calendar or […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $152.6 Reasoning: Looking to take advantage of the long weekend with a delta neutral trade on the DOW using a [private_monthly]double calendar on DIA. However, instead of using a short 154 call, I’m using a 154.5 […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 17 / $152.60 Price at this post: $152.30 Remaining Position: long 1 DIA Jul13 154 calls long 2 DIA Jul13 151 puts short -2 DIA MayWk4 151 puts Reasoning: Currently at the sweet spot […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 16 / $98.30 Price at trade post: $98 Remaining Position: short -5 IWM MayWk4 96 puts long 5 IWM Jun13 96 puts Reasoning: Earlier today, we booked an after commission profit of $120 on the call […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 16 / $98.30 Price at this post: $100.20 Reasoning: IWM has hit 100 so we’re taking profits on the call spread portion of the trade. We’ll look to add a new bear call spread tomorrow or […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 17 / $152.60 Price at this adjustment: $154 Current Position: [private_monthly] long 2 DIA Jul13 154 calls short -2 DIA MayWk4 154 calls long 2 DIA Jul13 151 puts short -2 DIA MayWk4 151 […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $152.6 Reasoning: Looking to play both sides of this market, I’m putting on a [private_monthly]double calendar on DIA[/private_monthly] using weekly options for the short options. This is a delta neutral trade with a delta of -5.6, […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $98.30 Reasoning: Putting on a double calendar to play the expected deviation in IWM between now and next Friday, using weekly options. The Greeks currently show a delta of 9, a positive theta of 17 and a vega […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: double calendar; Trade entry date / price: Mar 18 / $88.30; Price at this post: $88.10; Reasoning: Including the profit we realized last week on the short MarWk4 84 put, our trade is now up just over 15% in a week with essentially […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: double calendar; Date / Price at trade entry: Mar 15 / $144.65; Price at trade exit: $144.10; Reasoning: Up 10% in 10 calendar days. Taking profits here to take a little risk off the table. Closing Trade Details: STC 5 DIA May13 […]