Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade entry date / price: 23 Sep 2020 / $323.20Price at this post: $332.46 Update / Reasoning: I was right about a pullback but wrong about how much of one. I was looking at SPY pulling back to its 200 day average at around $310. […]
This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Calendar Call SpreadTrade entry date / price: 28 Feb 2020 / $47.60Price at this post: $28.02 Update / Adjustment: Buying back the Oct 2nd expiring 40 strike call we last sold. […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade post date: 23 Sep 2020Price at this post: $323.20 Reasoning: Putting on a Vertical Put Spread on SPY to bring our overall Delta a bit closer to neutral should the […]
This post is restricted to paying members. Stock / Symbol: United Airlines / UALOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $38.55Price at this post: $34.00 Update / Reasoning: The airlines got hit hard yesterday on renewed lockdown fears, including UAL. To give us more time to reach our price […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Call SpreadTrade entry date / price: 21 Sep 2020 / $104.50Price at this post: $111.60 Reasoning: With AAPL trading right near 110 already, we’re going to close this one out now for a nice, […]
Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade entry date / price: 17 Sep 2020 / $19.63Price at this post: $20.80 Reasoning: Looks like the market sell-off is over. Going to adjust the sell order to get filled asap. The current Greeks on this position are: 27.9 Delta, 2.3 Theta and 2.2 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Slack Technologies / WORKStrategy: Diagonal Call SpreadTrade entry date / price: 14 Aug 2020 / $28.35Price at this post: $25.95 Update / Reasoning: Despite posting pretty good numbers, WORK got hammered following its earnings announcement on Sep 8th. […]
Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade entry date / price: 17 Sep 2020 / $19.63Price at this post: $21.45 Reasoning: We’ve gotten our anticipated market pullback. Technically, it looks like the major indices could find support as early as today or tomorrow. With that in mind, we’re going to enter […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Call SpreadTrade post date: 21 Sep 2020Price at this post: $104.15 Reasoning: AAPL is currently trading almost 25% lower than it’s recent high. While it could certainly pull back to its 200 day average […]
Stock / Symbol: Boeing / BAStrategy: Bull Put SpreadTrade entry date / price: 31 Aug 2020 / $171.82Price at this post: $162.54 Update: Despite pulling back from where it was when we entered the position, BA is trading above our short put’s 155 strike on its day of expiration. This should enable us to allow […]