Stock / Symbol: SPDR S&P500 ETF / SPYOption Strategy: iron condor Trade entry date / price: 27 Sep 2019 / $297.62Trade exit date: 11 Oct 2019 (at market close)Price at this post: $297.73 Update: With SPY trading comfortably above our short 286 puts, we’re going to be able to allow this position to expire worthless […]
Stock / Symbol: SPDR S&P 500 / SPYOption Strategy: bear call spreadTrade entry date / price: 29 Aug 2019 / $291.32Price at this post: $299.80 Reasoning: Got assigned on our short 296 strike calls. Going to just close out the trade here and look to enter into a fresh bear call spread on SPY. Current […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: BP Amoco / BPOption Strategy: bull put spreadEntry Date / Price: 29 July 2019 / $38.99Price at this adjustment: $35.90 Update / Adjustment: Our short 38 strike put was exercised last night so we’re now long 100 shares […]
To follow is specific new trade exit details: Stock / Symbol: John Deere / DE; Option Strategy: calendar call spread;Trade Entry Date / Price: May 17, 2019 / $136.70;Price at Trade Exit: $146.10 Reasoning: DE trading up to and a bit beyond our calendar strike price of $145, we’re closing out the trade now for […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Zscaller / ZS; Option Strategy: put calendar spread;Price at trade post: $67.70; Reasoning: Putting a directional trade on ZS with the thought that it will continue to trade lower at least until its next level of support at […]
Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: 29 Feb / $103.70 Price at trade post: $109.56; Current Position: Long 1 IWM MarWk4 105.5 call Long 1 IWM MarWk4 100.5 put Short -1 IWM Mar16 105.5 call Short -1 IWM Mar16 100.5 put Reasoning: With […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Trade entry date / price: 14 Dec / $111.06 Price at trade close: $113.30 Reasoning: This trade was put on in order to reduce the short Vega risk from the SPY and DIA iron condors. With this trade up a bit here […]
Stock / Symbol: Bank of America / BAC Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Trade entry date / price: 22 Jan / $15.82 Price at trade close : $15.80 Reasoning: Downside stop triggered. Closing here for a 3% return. Trade Adjustment Details:[private_monthly] STC 2 BAC Jan16 10 calls BTC -2 BAC MarWk1 16 calls for a […]
Stock / Symbol: Twitter / TWTR; Option Strategy: condor; Trade entry date / price: 4 Feb / $40.66; Price at time of this post: $47.01; Reasoning: Got the expected pop on TWTR. Hopefully it’ll settle within our max profit range of 44 – 46 by day’s end. Submitting the closing order now to attempt to […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double diagonal; Trade entry date / price: Jan 22nd / $174.67; Price at this post: $172.25; Reasoning: We’re near our profit target of 15%, let’s book the win here. Current Greeks are: -20 delta , 3.3 theta, and 46.9 vega. Closing Trade Details: […]