Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Price at trade post: $75.72 Reasoning: Putting on a non directional trade here on TNA but with a -7 Delta, it has a slight negative bias. The greeks on this trade are: -7 delta, a 10.5 theta, and 15.5 vega. […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $1103 Reasoning: With 29 days till December expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on RUT. we have an expected deviation of[private_monthly] +/- 53 points between now and Dec expiration. I’m going to be a little more conservative and […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Price at this post: $69.78 Reasoning: up about 5%, taking upside + downside risk off.). Trade Adjustment Details: STC 2 TNA Dec13 70 calls BTC -2 TNA Nov13 70 calls […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Original Option Strategy: calendar put spread Trade entry date / price: Oct 31 / $67 Adjustment: With TNA back to about where we started, we can capture about 60% of our potential profit on our short puts if we buy them back here. I’m also […]