Stock / Symbol: Peloton / PTONOption Strategy: Calendar Put SpreadTrade entry date / price: 22 Oct 2020 / $122.50Price at this post: $119.34 Update / Reasoning: With PTON seemingly holding at its 17 day average support level, we’re going to exit the trade here for a roughly 12% profit. The current Greeks on this position […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Draft Kings / DKNGStrategy: Bull Put SpreadTrade entry date / price: 16 Oct 2020 / $44.34Price at this post: $41.50 Reasoning: I was wrong about DKNG finding support at $44. We’re going to exit the trade here for […]
Stock / Symbol: Beyond Meat / BYNDStrategy: Broken Wing Butterfly Put SpreadTrade entry date / price : 14 Oct 2020 / $188.30Price at this post: $183.24 Update: BYND has pulled back about 3% from our entry point but we haven’t benefited yet. In hindsight, I should have structured the trade to benefit from a 5% […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: DOW JONES ETF / DIAStrategy: Iron CondorTrade entry date / price: 01 Oct 2020 / $279.25Price at this post: $285.22 Update: So far, DIA has stayed within our trade’s profitability range of 264 – 292. At this point, […]
Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Calendar Call SpreadTrade entry date / price: 28 Feb 2020 / $47.60Price at this post: $39.10 Update / Reasoning: With TNA close to our price target of $40, we’re going to enter in our exit order. Trade Exit Order: STC 1 TNA 15Jan21 40 callBTC […]
Stock / Symbol: Zoom / ZMStrategy: Bull Put SpreadTrade entry date / price: 05 Oct 2020 / $481Price at this post: $498 Update: Zoom just needs to finish today over $450 for us to realize this trade’s full profit potential. At ZM’s current price, this is pretty much assured. Just in case, however, we’re going […]
Stock / Symbol: Johnson & Johnson / JNJStrategy: Calendar Call SpreadTrade entry date / price: 01 Oct 2020 / $148.15Price at this post: $148.92 Reasoning: With JNJ closing in on our price target of $150, we’re going to set our exit order. As usual, we’re using a GTC order to close the trade, as it […]
Stock / Symbol: Slack Technologies / WORKStrategy: Diagonal Call SpreadTrade entry date / price: 14 Aug 2020 / $28.35Price at this post: $27.78 Update / Reasoning: Going to enter in our exit order here, which likely won’t fill until WORK is trading at/over $28.75. Note that, although WORK is trading below where it was when […]
Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade entry date / price: 23 Sep 2020 / $323.20Price at this post: $332.46 Update / Reasoning: I was right about a pullback but wrong about how much of one. I was looking at SPY pulling back to its 200 day average at around $310. […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Call SpreadTrade entry date / price: 21 Sep 2020 / $104.50Price at this post: $111.60 Reasoning: With AAPL trading right near 110 already, we’re going to close this one out now for a nice, […]