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: $56.76 Adjustment: SCTY has moved up nicely but we were still able to allow the short Nov expiration call expire worthless. We’re currently up about […]
Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $27.88 Reasoning: With market volatility once again relatively low, I’m putting on a [private_monthly]calendar call spread[/private_monthly] on VXX. The greeks going into this trade are: 50.4 delta, 3.0 theta, and 7.8 vega. Note that I’m […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $203.92 Reasoning: With volatility at relatively low levels, I’m putting on a [private_monthly]double calendar[/private_monthly] on SPY. This way, in addition to capitalizing on any directional move in the market, we’ll benefit should volatility rise. The greeks going into this […]
Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $51.30 Reasoning: Looking at a long term trade on SCTY using the sale of short term calls to generate weekly and monthly income. Fundamentally, SCTY is not great but I do like their business model. Solar City is […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: calendar put spread Trade entry date / price: Aug 26 / $200.20 Price at this post: $200.92 Reasoning: Just didn’t get the market pullback I was anticipating. Closing out here for a small gain on the trade. Current Greeks are: -33 delta, 9 theta, and […]
Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: vertical call spread Trade entry date / price: Aug 27 / $27.85 Price at trade close: $27.67 Reasoning: We did see volatility briefly rise, only to right right back down. Just going to cut losses here. The current greeks are: 50 delta, […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]calendar put spread[/private_monthly] Trade entry date / price: Aug 26 / $200.20 Price at this post: $198.98 Adjustment: Going to roll the short puts to next week’s, Sep14 expiring puts. We’ve captured some nice premium on the puts we sold and now have another week […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: Double Calendar Trade Entry date / price: Aug 26 / $99.33 Price at trade post: $99.37 Reasoning: 2.5 weeks gone by, yet we’re at the same darn price. In hindsight, would have been a fabulous iron condor. Going to close this one out here at a […]
Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: [private_monthly]vertical call spread[/private_monthly] Price at trade post: $27.85 Reasoning: If we do see increased volatility in the market, this trade on VXX will do nicely. The greeks going into this trade are: 34.2 delta, 0.4 theta, and 0.5 vega. Trade Details: [private_monthly] […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $99.33 Reasoning: Again, looking to capitalize on the very low volatility, I’m going with a [private_monthly]double calendar[/private_monthly] on QQQ to play it. Going with the SepWk2 expiration for the short options. This trade’s greeks are: -1.1 Delta, 0 Theta, and 62 Vega. Trade […]