Adjusting the closing order on the AMZN put calendar as follows: STC 1 AMZN NovWk4 360 put BTC -1 AMZN OctWk4 360 put for a min net credit of $9.10 per contract (day order, limit order). Mid is currently at $9.10
Stock / Symbol: Amazon.com / AMZN Option Strategy: put calendar Trade entry date / price: Oct 25 / $365 Price at this post: $358 Reasoning: downside stop hit, entering closing order now. Closing Trade Details: STC 1 AMZN NovWk4 360 put BTC -1 AMZN OctWk4 360 put for a min net credit of $9.20 per […]
The upside stop on the new AMZN put calendar is 368.50, not 388.50.
Stock / Symbol: Amazon.com / AMZN Option Strategy: put calendar Price at trade post: $365 Reasoning: just a day trade on AMZN here, looking for some profit taking by the end of the day today. Greeks are: delta of -20, a positive theta of 77 and a positive vega of 34. Note that I’m using […]
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: Amazon.com / AMZN Option Strategy: double calendar Price at trade post: $326 Reasoning: putting on delta neutral trade to play Amazon’s earnings announcement tonight. I’m setting the option strikes based on the street’s expected move of +/- 22. The Greeks on this double calendar are: delta of 1.4, a positive theta of […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]butterfly[/private_monthly]; Price at trade post: $346.50; Reasoning: The street is expecting a +/- move of 43 (or 12%) on Netflix following tonight’s earnings release. I’m going to put on a low risk, high reward bet that it pops 7% on the news. I’m using a [private_monthly]butterfly call […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]bear call spread[/private_monthly] ; Price at trade post: $3350 ; Reasoning: I’m putting on a [private_monthly] bear call spread[/private_monthly] on NDX for November options expiration. The trade’s greeks are: -2.44 delta, 6.5 theta, and -35 vega. If we get a pullback in the markets, I’ll look to […]
Stock / Symbol: Amarin Corp / AMRN Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $5.40 Reasoning: Last week, AMRN got hit with some negative findings from the FDA regarding its Triglyceride lowering drug. It seems that the Street is betting that the stock’s hit was an overreaction but I do think it’s unlikely […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date / price: Sep 16 / $1053.50 Price at this post: $1071 Reasoning: We’ve captured about 70% of the profit potential on this trade, time to take the risk off and close out this winning trade. The trade’s current greeks are: -0.84 […]