Stock / Symbol: Russell 2000 / RUT; Option Strategy: Iron Condor Update / Action: Didn’t get filled. Cancelling the order for now. Looks like we may get a market pullback, so we’ll look to open up another credit spread when there’s some blood in the street. Non-members, click here for access
Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread / diagonal call spread[/private_monthly] Trade entry date / price: Nov 7 / $51.30 Price at this post: $54.30 Current Position: Long 1 SCTY Jan16 60 call for adjusted net debit of $7.10 per contract Adjustment: With SCTY up 6% since entering the […]
Stock / Symbol: Amazon.com / AMZN Option Strategy: double calendar Trade entry date / price: Oct 23 / $326 Price at this post: $365 Reasoning: The damn thing went up 39 (instead of the estimated 22), putting us on the wrong side of our short 350 call. We could wait and hope for AMZN to […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Trade entry date / price: Sep 13 / $153.60 Price at this post: $153.88 Current Position:[private_monthly] Long 2 Nov13 148 puts at an effective cost of $1.20 (factoring in profit from closing the call calendar + short puts) Reasoning: After […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $3122 Reasoning: I’m putting on an [private_monthly] iron condor[/private_monthly] on NDX for September options expiration. The trade’s greeks are: -.16 delta, 8.9 theta, and -44 vega. Trade Details:[private_monthly] STO -1 NDX Sep13 3300 call BTO 1 NDX Sep13 3325 call STO […]
Stock / Symbol: Spdr DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]long call[/private_monthly] Price at trade entry: $138.32 Price at this post: $138.55 Adjustment: As this trade is a hedge against our RUT and SPY positions, I’m putting in a stop to take us out of the trade at break-even. Trade Details:[private_monthly] Stop […]
Stock / Symbol: Spdr DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]long call[/private_monthly] Price at trade post: $138.32 Reasoning: I’m adding this position to smooth out the greeks on our open positions . Our current greeks on the overall position pegged to the SPY are: -129 Delta, 17.8 Theta, and -55 Vega. Our […]
Stock / Symbol: Bank of America / BAC Option Strategy: [private_monthly] diagonal call spread[/private_monthly] Price at trade entry: $10.55 Price at this adjustment: $11.27 Adjustment: Buying back one of the short calls to limit losses. Trade Details: [private_monthly] BTC -1 BAC DecWk4 10 call at the market Max Risk: $220 Max Reward: $110 or 50% […]