Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade entry date / price: 17 Sep 2020 / $19.63Price at this post: $20.80 Reasoning: Looks like the market sell-off is over. Going to adjust the sell order to get filled asap. The current Greeks on this position are: 27.9 Delta, 2.3 Theta and 2.2 […]
Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade entry date / price: 17 Sep 2020 / $19.63Price at this post: $21.45 Reasoning: We’ve gotten our anticipated market pullback. Technically, it looks like the major indices could find support as early as today or tomorrow. With that in mind, we’re going to enter […]
Stock / Symbol: Micron / MUStrategy: Diagonal Call SpreadTrade entry date / price: 07 Aug 2020 / $48.65Price at this post: $50.68 Reasoning: With MU trading near our short call strike price / our price target, we’re going to enter a closing order to book the win. Don’t forget that, in addition to being up […]
Stock / Symbol: UBERStrategy: Diagonal Call SpreadTrade entry date / price: 17 Jul 2020 / $32.00Price at this post: $36.88 Update / Reasoning: We’re currently up about 30% on this trade and UBER is trading over our price target of $35 by September options expiration (9/18). So, we’re going to enter an order to book […]
Stock / Symbol: Fed Ex / FDXStrategy: Bear Call SpreadTrade entry date / price: 08 Sep 2020 / $222.72Price at this post: $226.22 Update / Reasoning: Despite being wrong about FDX trading down, we’re still up on this trade – by about 20% at the moment. As long as FDX closes under $230 by market […]
Stock / Symbol: Disney / DISStrategy: Vertical Call SpreadTrade entry date / price: 27 Aug 2020 / $134.93Price at this post: $136.75 Update / Reasoning: In the face of a big down day in the market, DIS is up strong. With our position expiring this Friday, we’re going to attempt to close this out today […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Johnson & Johnson / JNJStrategy: Long Put ButterflyTrade entry date / price: 28Aug 2020 / $152.79Price at this post: $150.65 Reasoning: JNJ has pulled back a bit more than expected due to yesterday’s market sell-off. We’re going to […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Johnson & Johnson / JNJStrategy: Put CalendarTrade entry date / price: 21 Aug 2020 / $153.44Price at this post: $152.80 Update / Reasoning: With JNJ looking a bit stronger here, we’re going to take a modest profit and […]
Stock / Symbol: Facebook / FBStrategy: Iron CondorTrade entry date / price: 19 Aug 2020 / $261.80Price at this post: $269.01 Reasoning: As long as FB finishes the day between $260 and $270, we could allow the position to expire worthless and realize the trade’s full profit potential. However, we’re going to see if we […]
This post is restricted to paying members. Stock / Symbol: Microsoft / MSFTStrategy: Long Put Butterfly + Long Call ButterflyTrade entry date / price: 14 Aug 2020 / $208.50Trade exit date / price: 19 Aug 2020 / $211.72Price at this post: $210.50 Update : With MSFT trading lower than it was when the exit order […]