Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 17 / $152.60 Price at this post: $152.30 Remaining Position: long 1 DIA Jul13 154 calls long 2 DIA Jul13 151 puts short -2 DIA MayWk4 151 puts Reasoning: Currently at the sweet spot […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 16 / $98.30 Price at trade post: $98 Remaining Position: short -5 IWM MayWk4 96 puts long 5 IWM Jun13 96 puts Reasoning: Earlier today, we booked an after commission profit of $120 on the call […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 16 / $98.30 Price at this post: $100.20 Reasoning: IWM has hit 100 so we’re taking profits on the call spread portion of the trade. We’ll look to add a new bear call spread tomorrow or […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: May 17 / $152.60 Price at this adjustment: $154 Current Position: [private_monthly] long 2 DIA Jul13 154 calls short -2 DIA MayWk4 154 calls long 2 DIA Jul13 151 puts short -2 DIA MayWk4 151 […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread[/private_monthly] Trade entry date / price: May 14 / $1647 Price at this adjustment: $1668 Reasoning: Upside stop triggered. Rolling up the call spread. The revised greeks will be: -4.7 delta, 6.5 theta, and -30 vega. Setting a new upside stop at [private_monthly]1691[/private_monthly]. While […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]bear call spread[/private_monthly] Price at trade post: $3014.50 Reasoning: With 34 days till Jun expiration, I’m putting on an [private_monthly] bear call spread[/private_monthly] on NDX. We’ve got an expected deviation of[private_monthly] +/- 122 points between now and May expiration; but with how strong this market has been, […]
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 play both sides of this market, I’m putting on a [private_monthly]double calendar on DIA[/private_monthly] using weekly options for the short options. This is a delta neutral trade with a delta of -5.6, […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $98.30 Reasoning: Putting on a double calendar to play the expected deviation in IWM between now and next Friday, using weekly options. The Greeks currently show a delta of 9, a positive theta of 17 and a vega […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread[/private_monthly] Price at trade post: $1647 Reasoning: Starting out with a [private_monthly]bear call spread[/private_monthly] on SPX for June expiration. If we get a big down day (although it feels like the market just wants to keep going higher), we’ll add a bull put spread, […]
Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date / price at trade post: Apr 17 / $905 Price at this post: $970 Current Position: Short -1 RUT May13 970 calls Long 2 RUT May13 980 calls Reasoning: While the market may finally pull back next week, it’s too risky […]