Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]put calendar spread[/private_monthly] Price at trade post: $154.50 Reasoning: Putting on a bearish trade on the S&P with a [private_monthly]put calendar[/private_monthly] on SPY. The greeks going into this trade are: -33 delta, 7.7 theta, and 35 vega. Using weeklies on the short puts, with the […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $2780 Reasoning: With 29 days till May expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on NDX. We’ve got an expected deviation of[private_monthly] +/- 127 points between now and May expiration; so I’m selling the 2925 calls and the 2650 puts. […]
Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $905 Reasoning: With 29 days till Mayy expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on RUT. We’ve got an expected deviation of[private_monthly] +/- 50 points between now and May expiration; so I’m selling the 955 calls, covering with the […]
Stock / Symbol: Direxion Daily Financial Bear 3x / FAZ Option Strategy: [private_monthly]calendar[/private_monthly]; Price at trade post: $43.30; Reasoning: If we get a further pullback in the market, I think the financials will get hit hard. Playing my a downside thesis on the financials using a call calendar on the negatively correlated FAZ. The greeks […]
Stock / Symbol: Nasdaq 100 / NDX Option Strategy:iron condor Trade entry date / price: Mar 15 / $2795 Price at this post: $2814 Reasoning: Currently, this position’s greeks are: -3.3 delta(neutral), 14.8 theta, and -64.4 vega. Although the trade was put on (and still is) with a neutral delta, I did skew it to […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: broken wing butterfly; Date / price at trade entry: Mar 4 / $152; Price at trade exit: $155.82; Reasoning: Should have closed this one out when our stop was first violated. Made some sense to hang in there, waiting for a pullback while the position’s […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: double calendar; Trade entry date / price: Mar 18 / $88.30; Price at this post: $88.10; Reasoning: Including the profit we realized last week on the short MarWk4 84 put, our trade is now up just over 15% in a week with essentially […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: double calendar; Date / Price at trade entry: Mar 15 / $144.65; Price at trade exit: $144.10; Reasoning: Up 10% in 10 calendar days. Taking profits here to take a little risk off the table. Closing Trade Details: STC 5 DIA May13 […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [/private_monthly]put calendar; Trade entry date / price: Mar 18 / $88.30; Price at this adjustment: $88.20; Reasoning: Put this trade on with a downside directional bias. With the Russell 2k / TNA virtually unchanged since our entry, going to adjust the postion to […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar[/private_monthly]; Price at trade post: $88.30; Reasoning: I’m looking at directional trade on the Russell, betting on a small 2% pullback. TNA ia a supercharged way to play the Russell. If RUT is down 2%, TNA will be down 6%. I’m putting on […]