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This post is restricted to paying members. To follow are specific closing trade details: Stock / Symbol: Nike / NKE; Option Strategy: bear call spread;Price at trade post: $89.20; Reasoning: Closing our newly entered bear call spread on NKE for a quick gain of 19.7%. Closing Trade Details: BTC 1 NKE MayWk2 91 callSTC 1 […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Nike / NKE; Option Strategy: bear call spread;Price at trade post: $89.20; Reasoning: Putting a bear call spread on NKE with May 10th weekly expiring options . This trade currently has a delta of -17.4, a positive theta […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Trade entry date / price: 29 Feb / $166.44 Price at trade post: $175.55 Reasoning: The call leg of this trade is ITM. Closing it out now. We’ll look to add to this position early next week. Trade Adjustment Details:[private_monthly] STC […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]double diagonal[/private_monthly]; Trade entry date / price: 29 Feb / $195.45 Price at trade adjustment: $204.25; Current Position:[private_monthly] Long 1 SPY MarWk4 203 call Long 1 SPY MarWk4 184 put Short -1 SPY Mar16 202 call Short -1 SPY Mar16 186 put [/private_monthly] Reasoning: […]
Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: 29 Feb / $103.70 Price at trade post: $109.56; Current Position: Long 1 IWM MarWk4 105.5 call Long 1 IWM MarWk4 100.5 put Short -1 IWM Mar16 105.5 call Short -1 IWM Mar16 100.5 put Reasoning: With […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $195.45; Reasoning: Putting on an uneven [private_monthly] double diagonal[/private_monthly] on SPY with March expiring options for the short legs. This trade currently has a delta of -0.4, a positive theta of 2.2 and a positive vega of 1.4. […]
Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Price at trade post: $103.70; Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on IWM with the long legs expiring on the 4th week of March. The Greeks on this trade are: -1.6 delta, 0.9 theta, and -3 vega. We’ll look to adjust or […]
Stock / Symbol: Facebook Inc / FB; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $108.12; Reasoning: I’m expecting some stability in FB and using an [private_monthly]iron condor [/private_monthly]that is just a bit beyond FB’s expected deviation by March expiration. The current Greeks on this slighly negative delta trade are: -2.2 delta, 1.7 theta, and […]