Stock / Symbol: Zscaller / ZSOption Strategy: Double CalendarTrade entry date / price : 03 Dec 2019 / $51.75Price at this post: $48.52 Reasoning: While ZS is down significantly following its earnings announcement yesterday, it’s still not enough of a move to make the trade profitable. We’re going try to close out the trade here […]
Stock / Symbol: First Solar / FSLROption Strategy: Synthetic Long SpreadTrade entry date / price: 15 Nov 2019 / $53.48Price at this post: $54.39 Reasoning: While our order to sell the long call filled yesterday, the order to close the put spread portion did not. Adjusting the order to hopefully get filled today to protect […]
Stock / Symbol: First Solar / FSLROption Strategy: Synthetic Long SpreadTrade entry date / price: 15 Nov 2019 / $53.48Price at this post: $55.05 Reasoning: Going to take advantage of FSLR’s quick bump up in price and take profits. Also, while we’re up now on the long call, at this same price the call would […]
Stock / Symbol: Russell 2000 ETF / IWMOption Strategy: Iron Condor Trade entry date / price : 12 Nov 2019 / $159.08Price at this post: $158.80 Reasoning: With our position already at 82% of it’s max profit potential, we’re going to see if we can book this win now. Current Greeks are: -2.6 delta, 3.0 […]
Stock / Symbol: Russell 2000 Index / RUTOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $1562Price at this post: $1593.80 Update / Reasoning: It’s looking like our short 1605 strike calls will expire worthless tomorrow. I accidentally used the AM expiring options, which stop trading 15 minutes after market close […]
Stock / Symbol: Target / TGTOption Strategy: StrangleTrade entry date / price: 28 Oct 2019 / $109.75Price at this post: $108.12 Update: TGT is pulling back so we’re going to enter an exit order to close out the trade for a small gain before the negative theta becomes to much to over come as we […]
Stock / Symbol: Dish Network / DISHOption Strategy: Double Diagonal SpreadTrade entry date / price: 06 Nov 2019 / $33.30Trade exit date / price: 08 Nov 2019 / $35.05 Update: lowering our exit order price in order to get filled today. Closing Trade Details: STC 1 DISH 15Nov19 34 callBTC 1 DISH 08Nov19 36 call […]
Stock / Symbol: Dish Network / DISHOption Strategy: Double Diagonal SpreadTrade entry date / price: 06 Nov 2019 / $33.30Price at this post: $34.09 Reasoning: Didn’t get enough of a move on DISH’s earnings announcement. Going to try to close out for about break even after trading costs. Current Greeks are: 18.7 delta, 1.8 theta […]
Stock / Symbol: Microsoft / MSFTOption Strategy: Bear Call spreadTrade entry date / price: 28 Oct 2019 / $144.03Price at this post: $143.22 Update / Reasoning: With MSFT almost $3 away from our short call’s strike price, we should be able to allow the position to expire worthless today to realize the full profit potential […]
Stock / Symbol: Target / TGTOption Strategy: StrangleTrade entry date / price: 28 Oct 2019 / $109.75Price at this post: $109.90 Reasoning: An uptick in volatility has already helped our position, currently up nearly 6%. Going to enter our closing order now, to hopefully capture a quick gain tomorrow. Trade Details: STC 1 TGT 22Nov19 […]