Stock / Symbol: S&P 500 ETF / SPYStrategy: StrangleTrade post date: 01 May 2023 / $416.30Price at this post: $404.20 Update / Reasoning: With the position up by over 40%, I’m taking profits here. The current net position greeks are: -14.9 Delta, 1.2 Gamma, -9.9 Theta, and 81.41 Vega. Trade Exit Order:STC 1 SPY 21Jul23 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 ETF / SPYStrategy: StrangleTrade post date: 01 May 2023Price at this post: $416.30 Reasoning: SPY’s implied volatility (IV) is relatively low ahead of the FOMC statement scheduled for this week. On the premise that the market […]
Stock / Symbol: Nvidia/ NVDAStrategy: Broken Wing Butterfly Put SpreadTrade post date: 13 Apr 2023 / $267.58Price at this post: $286 Reasoning: Upside stop triggered. Closing out this trade for a loss. Trade Exit Order:STC 1 NVDA 19May23 260 putBTC 2 NVDA 19May23 250 putsSTC 1 1 NVDA 19May23 245 put For a min net […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Uber Technologies / UBERStrategy: StrangleTrade post date: 25 Apr 2023 / $29.82Price at this post: $32.60 Update / Reasoning: With UBER’s 2.5+ point move up, the value of the call is now greater the then cost of the […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Apple / AAPLStrategy: Bear Call SpreadTrade entry date / price: 05 Apr 2023 / $163.35Price at this post: $167.08 Update / Reasoning: I had set a 3 week goal / time stop for this trade. Additionally, AAPL is […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Uber Technologies / UBERStrategy: StrangleTrade post date: 25 Apr 2023Price at this post: $29.82 Reasoning: UBER’s implied volatility (IV) is relatively low ahead of its scheduled earnings announcement on May 2nd. On the premise that the IV will […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Virgin Galactic / SPCEStrategy: Diagonal Call SpreadTrade post date: 25 Aug 2022 / $6.32Price at this post: $3.55 Update / Reasoning: With SPCE up over 15% from the last adjustment to this position, I’m adding some short calls. […]
Stock / Symbol: S&P 500 ETF / SPYStrategy: Bear Call SpreadTrade post date / price: 29 Mar 2023 / $399.70Price at this post: $411.70 Update / Reasoning: As we’re at the 3-week time stop planned for this trade, I’m going exit the position today. Although SPY is up over 11 points from where it was […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Nvidia/ NVDAStrategy: Broken Wing Butterfly Put SpreadTrade post date: 13 Apr 2023Price at this post: $267.58 Reasoning: Technically, NVDA has upside resistance at the $280 level and appears to be overbought. The 50 day moving average is currently […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Apple / AAPLStrategy: Bear Call SpreadTrade entry date / price: 05 Apr 2023 / $163.35Price at this post: $160.17 Update / Reasoning: With AAPL closing in on my target exit price, I’m entering in the exit order here. […]