Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Price at trade post: $70.50 Position:[private_monthly] Long 1 TNA Jan14 77 call Short -1 TNA DecWk1 77 call Long 1 TNA Jan14 72 put Short -1 TNA DecWk1 72 put [/private_monthly] Reasoning: Downside stop hit. Closing out the put calendar […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Price at trade post: $75.72 Reasoning: Putting on a non directional trade here on TNA but with a -7 Delta, it has a slight negative bias. The greeks on this trade are: -7 delta, a 10.5 theta, and 15.5 vega. […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $1103 Reasoning: With 29 days till December expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on RUT. we have an expected deviation of[private_monthly] +/- 53 points between now and Dec expiration. I’m going to be a little more conservative and […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Price at this post: $69.78 Reasoning: up about 5%, taking upside + downside risk off.). Trade Adjustment Details: STC 2 TNA Dec13 70 calls BTC -2 TNA Nov13 70 calls […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Adjustment: With TNA back to about where we started, we can capture about 60% of our potential profit on our short puts if we buy them back here. I’m also […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Price at trade post: $67 Reasoning: Anticipating a market pullback, I’m making a directional play on TNA going down. The greeks on this trade are: -21 delta, a 2.9 theta, and 9.6 vega. If our upside stop is triggered, we’ll […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: bear call spread ; Trade entry date / price: Oct 18 / $3350 ; Price at trade post: $3392 ; Reasoning: Upside stop surpassed today. As we’ve done well with our other trades this month, I see no point in attempting to adjust this trade / continue […]
I lowered my ask down to $11.45. Just got filled for a 27% return in 4 days! Closing Trade Details: STC 1 LNKD Dec13 270 call BTC -1 LNKD NovWk1 270 call STC 1 LNKD Dec13 210 put BTC -1 LNKD NovWk1 210 put for a min net credit of $11.45 per contract (day order, […]
Stock / Symbol: LinkedIn / LNKD Option Strategy: double calendar Trade entry date / price: Oct 25 / $241 Price at this post: $244 Reasoning: As of yesterday’s close, we were already up about 20% on this trade. Going to close out this morning, ahead of the this afternoon’s earnings announcement. Current Greeks on this […]
Stock / Symbol: LinkedIn / LNKD Option Strategy: double calendar Price at trade post: $241 Reasoning: putting on a delta neutral trade to play LinkedIn’s earnings announcement scheduled for next Tuesday afternoon. I’m setting the option strikes based on the street’s expected move of +/- 30. The Greeks on this double calendar are: Delta of […]