Stock / Symbol: S&P500 Index / SPX Option Strategy: bear call spread (originally: bull put spread) Original trade entry date / price: Jan 23 / $1822 Price at this post: $1840 Reasoning: Shitfting over to the Mar expiration options. For those new to this trade, this is a good entry point. We’re going to put […]
Stock / Symbol: Google / GOOG Option Strategy: diagonal call spread Trade entry date / price: Jan 30 / $1140 Price at this post: $1203 Reasoning: For those who didn’t close this trade out 2 weeks ago, we’ve be rewarded with additional gains. However, with our short call ITM, I’m going to book the win […]
Stock / Symbol: Direxion Small Cap Bear 3x / TZA Option Strategy: [private_monthly] calendar call spread[/private_monthly]; Trade entry date / price: Jan 29 / $18.52 Price at trade post: $18.90 Reasoning: Closing out the trade here for a quick 30% gain. Current greeks are: 79 Delta, 1.76 Theta, and 4.9 Vega. Closing Trade Details:[private_monthly] STC […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: bull put spread Trade entry date / price: Jan 23 / $1822 Price at this adjustment: $1755 Current Position: [private_monthly] Short -2 SPX Feb14 1680 puts Long 2 SPX Feb14 1670 puts at a net credit of 0.50 [/private_monthly] Reasoning: With this position at risk and […]
Stock / Symbol: Google / GOOG Option Strategy: diagonal call spread Trade entry date / price: Jan 30 / $1140 Price at this post: $1170 Reasoning: With GOOG up 3.5% this morning (post earnings) our trade is up just over 23% at the moment. For those of you who’d like to book a 20 to […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: calendar put spread Trade entry date / price: Jan 24 / $159.15 Price at time of post: $156.30 Reasoning: This trade worked out very nicely both in terms of percent gain (60% or more in 1 week!!) and as a hedge against […]
Adjust max debit up to $96.50. I was filled at $95.45.
Stock / Symbol: Google / GOOG Price at trade post: $1140 Option Strategy: diagonal call spread Reasoning: With earnings due out this evening, I’m putting on slightly positive delta trade on GOOG in an effort to catch a positive earnings report. If I’m wrong, the trade structure does afford some downside protection (to about 1120). […]
Stock / Symbol: Direxion Small Cap Bear 3x / TZA Option Strategy: [private_monthly] calendar call spread[/private_monthly]; Price at trade post: $18.52 Reasoning: Putting on a directional trade here as a low risk way to play the negative market reaction to today’s Feb meeting. Greeks are: 28 Delta, 3.75 Theta, and 3.4 Vega. Trade Details:[private_monthly] BTO […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Trade entry date / price: Jan 23 / $555 Price at trade post: $502 Current Position: [private_monthly] BTO 1 AAPL 10(Mini) Jan15 525 call STO -1 AAPL 10(Mini) JanWk5 575 call at a net debit of $63.48 per contract Adjustment: I’m going to […]