Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: calendar put sprad Price at trade post: $159.15 Reasoning: Putting this trade on to bring our portfolio Delta closer to neutral. The Greeks on this DIA put calendar are: delta of -16.5, a positive theta of 8 and a positive vega of […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $1807 Adjustment: Didn’t get filled yesterday. Lowering strikes and re-submitting the order. The trade’s greeks are now: 2 delta, 3.3 theta, and -14 vega. Setting a downside stop at [private_monthly]1762[/private_monthly], where we’ll either exit or adjust. Trade Details: [private_monthly] […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Price at trade post: $555 Reasoning: I’m bullish on AAPL and am looking for a pop on their Jan 27 earnings announcement. Not risking much here (using minis) in case we get a negative earnings announcement. If things go bad, we can simply […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $1822 Reasoning: Today’s market decline is pushing up volatility, providing us with a nice opportunity for a bull put spread on SPX with February expiration options. Although the Standard deviation is[private_monthly] +/- 72[/private_monthly], I’m giving some more room to […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date / price: Dec 20 / $1822 Price at this post: $1834 Reasoning: This trade is already very close to it’s full profit potential. Going to enter in a GTC order to close for a nice profit. Barring a wild move in […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $77.45; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) [/private_monthly] Reasoning: Got a nice bump up in the Russell 2k, allowing […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $1822 Reasoning: Opening up an Iron Condor here with SPX for January expiration. Working with a Standard deviation of[private_monthly] +/- 67[/private_monthly], and giving some more room to the downside. The greeks going into this trade are: -0.9 delta, 6.5 theta, […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $67.20; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) Long 1 TNA Jan14 66.31 put Short -1 TNA Dec13 66.81 put […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $67.20; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) Short -1 TNA DecWk2 75.81 call (originally 77, adjusted due to dividend) […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72 Price at trade adjustment: $73 Current Position:[private_monthly] Long 1 TNA Jan14 77 call Short -1 TNA DecWk1 77 call [/private_monthly] Reasoning: Rolling the short call to next week’s expiration. Trade Adjustment: […]