Correction: Selling the July option, not the June. Trade Details: [private_monthly] BTO 1 SODA Oct13 67.5 Put STO -1 SODA Jul13 67.5 Put for a max net debit of $4.40 per contract (day order, limit order). Mid is currently at $4.25. Ok to try again tomorrow if not filled. [/private_monthly]
Stock / Symbol: SodaStream / SODA Price at trade post: $72.50 Option Strategy: [private_monthly]calendar put spread[/private_monthly] Reasoning: Great company, just expecting a bit of a pullback in SODA. Using a [private_monthly]put calendar[/private_monthly] with the following Greeks: -5.6 Delta, 3.0 Theta, and 8.3 Vega. The longer it takes for SODA to get to our downside stop […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]put tree[/private_monthly]; Price at trade post: $47.77; Reasoning: I’d like to get long TNA but at a better price than it’s currently trading at. This [private_monthly]put tree[/private_monthly] on TNA will commit us to go long the stock at $42, a 12% discount from […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread to iron condor[/private_monthly] Trade entry date / price: May 14 / $1647 Price at this post: $1646 Current Position: [private_monthly] short -2 SPX Jun13 1735 calls long 2 SPX Jun13 1745 calls at an effective debit of -0.02 per contract. Adjustment: Going to […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: iron condor Trade entry date / price: May 16 / $3014.50 Price at this post: $2992 Reasoning: Less than 2 weeks into the trade, we’re up 6%. Going to see if we can take the money and run to avoid the risk associated with a big up […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Trade entry date / price: May 24 / $152.60 Price at this post: $152.30 Remaining Position: long 2 DIA Aug13 151 puts short -2 DIA MayWk5 151 puts Reasoning: Closing out the remaining put calendar for a 4.6% total return […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 24 / $152.60 Price at this adjustment: $154.75 Reasoning: Upside stop hit so I’m going to take profits on the call spread portion of the trade. Will look at either adding another calendar or […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $152.6 Reasoning: Looking to take advantage of the long weekend with a delta neutral trade on the DOW using a [private_monthly]double calendar on DIA. However, instead of using a short 154 call, I’m using a 154.5 […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread to iron condor[/private_monthly] Trade entry date / price: May 14 / $1647 Price at this adjustment: $1645 Current Position: [private_monthly] short -2 SPX Jun13 1735 calls long 2 SPX Jun13 1745 calls at an effective debit of -0.02 per contract. Reasoning: Looking to […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]bear call spread to iron condor[/private_monthly] Trade entry date / price: May 16 / $3014.50 Price at trade post: $2979 Current Position:[private_monthly] short -1 NDX Jun13 3175 call long 1 NDX JUn13 3200 call at a net credit of $1.28 per contract[/private_monthly] Reasoning: We’re upon on the […]