This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Gold Miners 3x bear / DUST; Option Strategy: diagonal call spread;Price at trade post: $8.82; Reasoning: The gold miners appear to be technically overbought, so we’re putting a diagonal call spread on DUST utilizing a short Aug 9 […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: BP Amoco / BP; Option Strategy: bull put spread;Price at trade post: $38.99; Reasoning: With oil down over 15% from recent highs, and with BP trading closer to its demand zone, we’re putting a bull put spread on […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Whirlpool / WHR; Option Strategy: bull put spread;Price at trade post: $140.70; Reasoning: Putting a bull put spread on WHR utilizing Aug 16th expiring options to take advantage today’s pullback due to recall concerns . This trade currently […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Skechers / SKE; Option Strategy: bear call spread;Price at trade post: $39.25; Reasoning: Putting a bear call spread on SKX with Aug 2nd weekly expiring options to take advantage of the stock’s pop up on earnings last week. […]
Stock / Symbol: Option Strategy: iron condor Reasoning: Trading TNA (3x Russell 2000) to stay in between a range of 54.5 – 66 by Aug 2nd. This trade has a 82% probability of success and reaches full profit potential on Aug 2nd. If our below suggested stops are hit, we’ll look to adjust the position. […]
To follow is specific trade exit details: Stock / Symbol: Zscaller / ZS; Option Strategy: put calendar spread;Trade Entry Date / Price: May 31, 2019 / $67.70;Price at Trade Exit: $71.06 Reasoning: Upside stop hit at $70. Exiting here for a relatively small loss. Currently, the Greeks are: a negative delta of -8.6, a negative […]
To follow is specific new trade exit details: Stock / Symbol: John Deere / DE; Option Strategy: calendar call spread;Trade Entry Date / Price: May 17, 2019 / $136.70;Price at Trade Exit: $146.10 Reasoning: DE trading up to and a bit beyond our calendar strike price of $145, we’re closing out the trade now for […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Zscaller / ZS; Option Strategy: put calendar spread;Price at trade post: $67.70; Reasoning: Putting a directional trade on ZS with the thought that it will continue to trade lower at least until its next level of support at […]
To follow are specific trade exit details: Stock / Symbol: Under Armour / UAA; Option Strategy: put calendar spread;Trade entry date / price: May 21 / $23.65Trade exit date / price: May 29 / $22.82Price at this post: $22.72 Reasoning: With UAA trading down, near our target of $22.50, we’re submitting an exit order to […]
We got filled late last Friday to close out this trade. To follow is a recap of the trade: Stock / Symbol: Nike / NKE Option Strategy: double diagonal spreadTrade entry date / price: May 17 / $85.22Trade exit date / price: May 24 / $82.28 Recap: After 6 days of trading, we were able […]