Stock / Symbol: Weibo / WBStrategy: Bull Put SpreadTrade entry date / price: 04 Sep 2020 / $35.84Price at this post: $36.82 Update: With WB up today and trading comfortably higher than our short 34 strike put, we’re going to be able to let this position expire worthless today and realize the trade’s full profit […]
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: $37.36 Update / Reasoning: The 43 strike call we sold at our last adjustment will most definitely expire worthless today. However, I’d like to take […]
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: $33.56 Update / Adjustment: The 40 strike call we sold for $0.67 at our adjustment back […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Walgreens / WBAStrategy: Diagonal Call SpreadTrade post date: 17 Sep 2020Price at this post: $37.18 Reasoning: Walgreens has gotten hammered down, from a high of $63 last Fall, all the way down to the low to mid 30’s. […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade post date: 17 Sep 2020Price at this post: $19.63 Reasoning: With the indexes technically overbought, especially NASDAQ, we’re going to put on a trade that should do well during a […]
Stock / Symbol: Micron / MUStrategy: Diagonal Call SpreadTrade entry date / price: 07 Aug 2020 / $48.65Price at this post: $50.68 Reasoning: With MU trading near our short call strike price / our price target, we’re going to enter a closing order to book the win. Don’t forget that, in addition to being up […]
Stock / Symbol: UBERStrategy: Diagonal Call SpreadTrade entry date / price: 17 Jul 2020 / $32.00Trade exit date / price: 11 Sep 2020 / $36.99 Recap: Our exit order was filled last Friday at 12:35pm PST for a credit of $9.10. With an entry at a debit of $7.27 + a credit of $0.29 for […]
Stock / Symbol: Johnson & Johnson / JNJStrategy: Long Put ButterflyTrade entry date / price: 28Aug 2020 / $152.79Trade exit date / price: 04Sep2020 / $148.59 Recap: This trade was reminder of the adage that your price target will often hit, just not when you want it to. We hit our target of $152.50 the […]
Stock / Symbol: UBERStrategy: Diagonal Call SpreadTrade entry date / price: 17 Jul 2020 / $32.00Price at this post: $36.88 Update / Reasoning: We’re currently up about 30% on this trade and UBER is trading over our price target of $35 by September options expiration (9/18). So, we’re going to enter an order to book […]
Stock / Symbol: Fed Ex / FDXStrategy: Bear Call SpreadTrade entry date / price: 08 Sep 2020 / $222.72Price at this post: $226.22 Update / Reasoning: Despite being wrong about FDX trading down, we’re still up on this trade – by about 20% at the moment. As long as FDX closes under $230 by market […]