Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Correction: [private_monthly]We’re rolling the 820/810 put spread to a 840/830 spread.[/private_monthly] Trade Adjustment Details:[private_monthly] BTC -2 RUT Feb13 820 puts STC 2 RUT Feb13 810 puts STO -2 RUT Feb13 840 puts BTO 2 RUT Feb13 830 puts for a min net credit of […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date: Jan 11; Price at trade entry: $880; Price at this adjustment: $895.65 Current Position: [private_monthly] short -2 RUT Feb13 920 calls Long 2 RUT Feb13 930 calls short -2 RUT Feb13 820 puts long 2 RUT Feb13 810 puts [/private_monthly] Reasoning: […]
Stock / Symbol: Boeing / BA Strategy: [private_monthly]Condor [/private_monthly] Price at trade post: $74 Reasoning: Despite the mechanical issues surrounding their new 787 Dreamliner, I think that BA will stay within a range of [private_monthly]67.5 to 80[/private_monthly] by February option expiration. I’m going to play my thesis with a [private_monthly]call condor [/private_monthly]+ protective strangle . […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade entry date: Jan; Price at trade entry: $880; Price at this adjustment: $884; Current Position: [private_monthly] short -2 RUT Feb13 920 calls Long 2 RUT Feb13 930 calls at a net credit of $1.00 per contract. [/private_monthly] Reasoning: I had thought that […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $146.70; Reasoning: With 32 days left till February expiration, we’re putting on an[private_monthly] Iron Condor on SPY to fit between the current standard deviation calculation of +/- 6 from its current price, with a slight downside bias. […]
Stock / Symbol: Proshares Ultra Natural Gas / BOIL; Option Strategy: put ratio spread; Trade entry date: Jan 9; Price at trade entry: $33.30; Price at this post: $39.60; Reasoning: BOIL has had a nice bounce, giving us the opportunity to close this trade early for a quick win. The current greeks are: delta of […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $880; Reasoning: With 34 days till Feb expiration, I’m putting on a [private_monthly] bear call spread[/private_monthly] on RUT. The expected deviation is[private_monthly] +/- 43 points between now and Feb expiration, giving us an expected range of 837 to 923. […]
Stock / Symbol: Proshares Ultra Natural Gas / BOIL Option Strategy: put ratio spread Price at trade post: $33.30 Reasoning: Looking to take advantage of today’s big drop in BOIL, a play on natural gas. Because BOIL is extremely volatile, the options premiums are huge with this ETF. IMPORTANT: if you participate in this trade, […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]bull put spread[/private_monthly] Trade entry date / price: Dec 7 @ $543 Adjustment date / price: Dec 14 @ $515 Price at trade close: $526 Reasoning: Current position has achieved 95% of potential profitability. Booking the win now to take off the downside risk. While it […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: iron condor Trade entry date: Dec 20 Price at trade entry: $132.90 Price at this post: $133.95 Reasoning: Just 2 weeks into this trade, we’ve already reached 70% of our maximum profit. Time to book a win on the call spread portion of […]