Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]put calendar[/private_monthly] Price at trade post: $155 Reasoning: Looking for a trade that benefits from a little pullback in the market / increase in volatility. The Greeks on this trade are: delta of -41, a positive theta of 2.6 and a positive […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date / price: July 17 / $3085 Price at this post: $3040 Reasoning: Less than a week into the trade and we’re already at 60% of the trades profit potential. Going to take the money and the risk off the table. Current greeks […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Price at trade post: $59 Reasoning: Making a relatively low risk, high reward, non directional (but with downside bias) play on TNA. The greeks on this trade are: -10.7 delta, a 3.3 theta, and 10.3 vega. If our upside stop […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $3085 Reasoning: I’m putting on an [private_monthly] iron condor[/private_monthly] on NDX. We’ve got an expected deviation of[private_monthly] +/- 140 points between now and Aug expiration. I’m accounting for a deviation range of 140 to the upside and 265 to the downside. […]
Stock / Symbol: Cliffs Natural Resources / CLF; Option Strategy: [private_monthly]butterfly call spread[/private_monthly]; Trade entry date / price : Jun 27 / $16.25; Price at this post: $17..44; Reasoning: At the low end of our price target for CLF and up about 50% on the trade. Going to take profits. Closing Trade Details: STC 2 […]
Stock / Symbol: SodaStream / SODA Option Strategy: calendar put spread Trade entry date / price: Jun 12 / $72.50 Price at this post: $71.25 Reasoning: SODA is down just 2% from our entry point but our trade is up about 25%! Current Greeks are: -6.2 Delta, 3.9 Theta, and 9 Vega. I’m going to […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: iron condor Trade entry date / price: Jun 13 / $2936 Price at trade post: $2947 Reasoning: Now that we can capture at least 60% of the potential profit on this trade, I’m booking the profit. I bought back a bit too early though. You can buy […]
Stock / Symbol: Cliffs Natural Resources / CLF; Option Strategy: [private_monthly]butterfly call spread[/private_monthly]; Price at trade post: $16.25; Reasoning: Putting a trade on CLF with an upside bias using a [private_monthly]butterfly call spread[/private_monthly]. The probability of success on this trade is just 30% but it’s got a good risk/reward ratio. The greeks on this trade […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: put tree; Trade entry date / price: Jun 12 / $47.77 Trade expiration date: Jun 21 Price at trade expiration: $45.62 Analysis: TNA never did come close to our obligated buy price of $42. Would loved to have had to buy it at […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $2936 Reasoning: With 35 days till Jul expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on NDX. We’ve got an expected deviation of[private_monthly] +/- 160 points between now and July expiration; but with how volatile this market has been, I’m accounting […]