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 adjustment: $959 Current Position: Short -1 RUT May13 955 calls Long 2 RUT May13 965 calls Short -2 RUT May13 970 calls Long 2 RUT May13 980 calls Reasoning: […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Trend entry date / price: Apr 17 / $2780 Price at this post: $2946 Reasoning: Our upside stop of 2919 was eclipsed this am on the strong jobs report. Closing the position here. If we can get back in over the next few days, we […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Trend entry date / price: Apr 17 / $2780 Price at this post: $2881 Reasoning: Our upside stop of 2875 was hit so I’m rolling up the call spread portion of the trade. This adjustment will eat into the potential profits but it’s important to […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar spread[/private_monthly] Trade entry date / price at trade post: Apr 18 / $154.50 Price at this post: $159.59 Current Position: Long 2 Jun13 150 puts Long 2 Jun13 159 calls Reasoning: While the addition of the 159 call calendar has significantly dampened the […]
Update: lowering my buyback on the put spread to $0.20 net per contract Trade Details: [private_monthly] BTC -2 RUT May13 850 puts STC 2 RUT May13 840 puts for a max net debit of $0.20 per contract. (GTC order, limit order) [/private_monthly]
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 adjustment: $936 Reasoning: Selling a 970/980 call here to put the profit potential back into this trade. I’m also entering a GTC order to buy back the 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 adjustment: $931 Reasoning: With the latest standard deviation calculation giving RUT upside to 970 by May expiration, I’m adjusting the trade by buying back one of the short calls. […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Trend entry date / price: Apr 17 / $2780 Price at this post: $2836 Reasoning: Just in case AAPL pops tomorrow on tonight’s earnings report, I’m going to roll up the call spread portion of this trade. This adjustment will bring the trade’s Delta closer […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]put calendar spread[/private_monthly] Trade entry date / price at trade post: Apr 18 / $154.50 Price at this adjustment: $157.60 Reasoning: Adding a call calendar to smooth out the greeks. Current greeks are: -43.67 delta, -3.3 theta, and 37.3 vega. With the addition of the […]
Stock / Symbol: Direxion Daily Financial Bear 3x / FAZ Option Strategy: [private_monthly]calendar[/private_monthly]; Trade entry date / price: Apr 4 / $43.30 Price at this adjustment: $42.50; Reasoning: The Apr13 50 calls we sold will expire worthless today, allowing us to keep the $44 (10% uncalled return) in collected premium. Now, I’m selling next weeks […]