Stock / Symbol: Lennar / LENOption Strategy: Vertical Put SpreadTrade entry date / price: 17 Jun 2020 / $64.40Price at this post: $57.43 Update: So far, LEN has started pulling back as expected. We’re going to enter in our exit order now as LEN is closing in our our target price. The Greeks on this […]
Stock / Symbol: Peloton / PTONOption Strategy: Calendar Put SpreadTrade entry date / price: 18 Jun 2020 / $50.65Price at this post: $55.65 Reasoning: PTON has blown past our upside stop. Closing out the trade for now. We may re-enter the trade on a confirmed pullback. Trade Exit Order: STC 1 PTON 21Aug20 40 putBTC […]
Stock / Symbol: Peloton / PTONOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price : 28 May 2020 / $41.50Price at this post: $50.97 Update: Although we should get filled at a debit of $1.00 before the day is done, we’re upping the debit by $0.05 to get filled now. Trade Exit Details: […]
Stock / Symbol: Peloton / PTONOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price : 28 May 2020 / $41.50Price at this post: $50.10 Update / Reasoning: Our premise was incorrect that PTON would trade lower from our entry point. As the position is in the money, we need to close out the […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Advanced Micro Devices / AMDOption Strategy: Butterfly Put SpreadTrade post date: 11 Jun 2020Price at this post: $53.50 Update: Entering in our trade order now to attempt to capture a profit with AMD trading near $54. Closing Trade […]
Stock / Symbol: Apple / AAPLOption Strategy: Butterfly Call SpreadTrade entry date / price: 22 May 2020 / $318.35Price at this post: $319 Update / Action: Still haven’t been filled. Adjusted our exit order to get filled asap. Closing Trade Details: STC 1 AAPL 29May20 305 callBTC 2 AAPL 29May20 310 calls STC 1 AAPL […]
Stock / Symbol: Apple / AAPLOption Strategy: Butterfly Call SpreadTrade entry date / price: 22 May 2020 / $318.35Price at this post: $317.33 Update / Action: Still haven’t been filled and need to close this trade out today as all legs are ITM. Going to lower the exit order to just a break even. If […]
Stock / Symbol: Canopy Growth / CGCStrategy: Diagonal Call SpreadTrade entry date / price: 15 Jan 2020 / $24.82Price at this post: $21.30 Update / Adjustment: CGC has moved up significantly since our last adjustment, so much so that we’re now up nearly 50% on the trade. This is a great example of trade management […]
Stock / Symbol: Splunk / SPLKOption Strategy: Calendar Put SpreadTrade entry date / price: 22 May 2020 / $183.50Price at this post: $172.45 Update / Action: SPLK has hit our profit target point at $172.50. We’re adjusting our closing order to get filled now. Closing Trade Details: STC 1 SPLK 19Jun20 172.5 putBTC 1 SPLK […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Splunk / SPLKOption Strategy: Calendar Put SpreadTrade entry date / price: 22 May 2020 / $183.50Price at this post: $175 Update / Action: SPLK is pulling back as anticipated. Entering in our sell order now in order to […]