Stock / Symbol: S&P 500 ETF / SPYStrategy: StrangleTrade entry date / price: 29 Jun 2023 / $437.25Price at this post: $448.55 Update / Reasoning: The Jul 21st $410 put I sold expired worthless. This leaves me with a the long $405 put, with an effective cost of $0.07 per contract. With SPY down from […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Carvana / CVNAStrategy: Diagonal Put SpreadTrade entry date / price: 19 Jan 2023 / $40.80Price at this post: $48.10 Update / Reasoning: Upside stop of $28 hit. Closing out trade here for a loss. Trade Exit Order: STC […]
Stock / Symbol: Virgin Galactic / SPCEStrategy: Diagonal Call SpreadTrade entry date / price: 25 Aug 2022 / $6.32Price at this post: $4.16 Update / Reasoning: With the position up by about 25% and with SPCE set to announce earnings tomorrow, Tuesday, I’m booking the win here. At the moment, the net position Greeks are: […]
Stock / Symbol: The Trade Desk / TTDStrategy: Bear Call SpreadTrade entry date / price: 13 Jul 2023 / $88.90Price at this post: $87.23 Update / Reasoning: Unfortunately, my exit order on TTD was not filled back on Monday. Now, with TTD gapping up today, I’m adjusting my exit order to close the position for […]
Stock / Symbol: The Trade Desk / TTDStrategy: Bear Call SpreadTrade entry date / price: 13 Jul 2023 / $88.90Price at this post: $82.45 Update / Reasoning: With TTD down about 7% from it’s level at position entry, my return goal of 10% has been met. I’m entering in my exit order now. Trade Exit […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Coinbase / COINStrategy: Bear Put SpreadTrade entry date / price: 17 Jul 2023 / $105.70Price at this post: $96.75 Reasoning: With COIN trading down, near the short put, I’m taking profits on this short term trade. Trade Exit […]
Stock / Symbol: Target / TGTStrategy: Bull Put SpreadTrade entry date / price: 02 Jun 2023 / $131.30Price at post: $134.85 Reasoning: With TGT up just under 3% from where it was at entry, I’m looking to close out this position for about a 12 to 13% return. At the moment, the Greeks on this […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Duolingo / DUOLStrategy: Bear Put SpreadTrade post date: 22 Jun 2023 / $141.98Price at this post: $140.30 Update / Reasoning: Yesterday’s and today’s trading activity is indicating to me that the stock is attempting to form support here […]
This post is restricted to paying members. To follow are active trade details: Stock / Symbol: Oracle / ORCLStrategy: Bear Call SpreadTrade post date: 13 Jun 2023 / $119.08Price at this post: $118.75 Update/Reasoning: Taking advantage of today’s down market and closing this trade out for a win. Trade Exit Order: BTC 2 ORCL 15Sep232 […]
Stock / Symbol: Invesco Solar ETF / TANStrategy: StrangleTrade entry date / price: 18 May 2023 / $70.35Price at this post: $70.85 Update / Reasoning: Three-week time stop hit today. Closing the trade here. Trade Exit Order:BTC 1 TAN 21Jul23 65 put For a max net debit of $0.95 per contract (GTC order, limit order). […]