Stock / Symbol: VanEck Semiconductor ETF / SMHOption Strategy: Unbalanced Call ButterflyTrade entry date / price: 02 May 2024 / $208.50Price at this post: $235 Update: With the positions’ options expiring tomorrow, I’m closing out the trade for a moderate loss today to avoid assignment of the deep ITM short calls. I was horribly wrong […]
Stock / Symbol: Celsius Holdings / CELHStrategy: Bear Call SpreadTrade entry date / price: 14 Mar 2024 / $94.45Price at this post: $87.85 Update: With CELH touching its 17 day MA yesterday and today, as anticipated, I’m entering in an exit order here. If filled, I’ll realize about a 15% return on risk. The current […]
Stock / Symbol: Constellation Energy / CEGStrategy: Bear Call SpreadTrade entry date / price: 06 Mar 2024 / $164.50Price at this post: $172.50 Update: Upside stop of $172 triggered. Closing position here to limit losses. Trade Exit Order: BTC 1 CEG 17May24 170 callSTC 1 CEG 17May24 175 call For a max net debit of […]
Stock / Symbol: Walgreens Boots Alliance / WBAOption Strategy: Diagonal Call SpreadTrade entry date / price: 02 Nov 2023 / $21.51Price at this post: $23.06 Update / Reasoning: The 22.5 strike call expired worthless back on Nov 24th. Now, with WBA up above my target price of $23, I’m going to take profits on this […]
Stock / Symbol: Duolingo / DUOLStrategy: Bear Call SpreadTrade entry date / price: 10 Nov 2023 / $209Price at this post: $217.85 Reasoning: I don’t like that DUOL recently found support at its 17 day average. As I’ve lost conviction in the trade, I’m exiting here for a small loss. At the moment, the net […]
Stock / Symbol: Dexcom / DXCMStrategy: Calendar Call SpreadTrade entry date / price: 01 Sep 2023 / $101.25Price at this post: $108.25 Update / Reasoning: With DXCM closing in on my upside target of $110, I’m entering in my exit order here. As of now, the net position Greeks are: 8.4 Delta, -2.3 Gamma, 3.9 […]
Stock / Symbol: Canadian Solar / CSIQStrategy: Bull Put SpreadTrade post date: 22 Aug 2023 / $27.00Price at post: $28.28 Update / Reasoning: My profit target of 10% is just about realized on this trade. I’m taking profits here. The net position Greeks on this Bull Put Spread are: 15.5 Delta, -4.7 Gamma, 0.8 Theta, […]
Stock / Symbol: Draft Kings / DKNGStrategy: Put Calendar to Double CalendarTrade post date: 17 Aug 2023 / $26.92Price at this post: $30.34 Update / Reasoning: Upside stop @ $30 triggered today. I’m exiting the position for a loss here. The current net position Greeks are: -17.7 Delta; -11.5 Gamma, 0.9 Theta, 7.4 Vega. Trade […]
Stock / Symbol: Carvana / CVNAStrategy: Diagonal Put SpreadTrade post date: 11 Aug 2023 / $41.30Price at this post: $38.15 Update / Reasoning: With CVNA trading down to my target range of $36 to $37 today, I’m entering in the exit order here. If filled, I’ll realize about a 5% return on risk. The current […]
Stock / Symbol: DISH Network / DISHOption Strategy: Diagonal Call SpreadTrade entry date / price: 08 Jun 2023 / $7.40Price at this post: $8.26 Update / Reasoning: DISH had positive market reaction to its earnings announcement yesterday morning, helping to propel this position to positive territory. I’m going to enter in my exit order here […]