Stock / Symbol: S&P 500 / SPXStrategy: Bull Put SpreadTrade entry date / price: 14 Dec 2020 / $3673Price at this post: $3716 Correction: I had incorrectly stated to STO / BTO on the exit order. Obviously, it should have been BTC / STC Corrected Trade Exit Order:BTC 1 SPX 18Dec20 3595 putSTC 1 SPX […]

Stock / Symbol: S&P 500 / SPXStrategy: Bull Put SpreadTrade entry date / price: 14 Dec 2020 / $3673Price at this post: $3690 Update: Entering our exit order now, structured to profit by $45 per contract. As usual, using a GTC order as it will likely not fill until tomorrow or Thursday. This position’s Greeks […]

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Amazon / AMZNStrategy: Bull Put SpreadTrade entry date / price: 11 Dec 2020 / $3083Price at this post: $3172 Update / Reasoning: Entering in our exit order now to attempt to capture a $85 per contract profit. The […]

Stock / Symbol: Russell 2000 / RUTStrategy: Bear Call SpreadTrade entry date / price: 08 Dec 2020 / $1907Price at this post: $1905 Update: Our entry order was filled on the 8th at 8:52am PST. With RUT trading pretty much at our entry point, the position is essentially at break even at the moment. Going […]

Stock / Symbol: Facebook / FBStrategy: Reverse Iron CondorTrade entry date / price: 27 Nov 2020 / $278.50Price at this post: $288 Update / Reasoning: Like with the GOOGL trade, this position was structured to work on either a price move (up or down) of at least 7% or a significant increase in volatility. Just […]

Stock / Symbol: Google / GOOGLStrategy: Reverse Iron CondorTrade entry date / price: 1 Dec 2020 / $1820Price at this post: $1820 Update / Reasoning: With GOOGL trading at essentially the same level it was when we entered the trade, we just haven’t gotten the price move (up or down) or volatility increase needed for […]

Stock / Symbol: Google / GOOGLStrategy: Reverse Iron CondorTrade entry date / price: 1 Dec 2020 / $1820Price at this post: $1840 Update / Reasoning: I’d prefer not to hold this position over the weekend, so I’m lowering the credit per contract a bit on the exit order. The current Greeks on this position are: […]

Stock / Symbol: Google / GOOGLStrategy: Reverse Iron CondorTrade entry date / price: 1 Dec 2020 / $1820Price at this post: $1807 Update / Reasoning: Entering in an exit order here to attempt to capture a quick 10% return. As always, we’re using a GTC order as it may take a few days to fill. […]

Stock / Symbol: Russell 2000 / RUTStrategy: Bear Call SpreadTrade entry date / price: 23 Nov 2020 / $1805Price at this post: $1831 Update / Reasoning: With RUT trading below our last adjustment, we’re going to enter in our exit order. At a debit of $0.10 per contract, we’ll end up with the trade’s original […]