Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Trade entry date / price: 14 Dec / $111.06 Price at trade close: $113.30 Reasoning: This trade was put on in order to reduce the short Vega risk from the SPY and DIA iron condors. With this trade up a bit here […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: iron condor; Trade entry date / price: 14 Dec / $202.15 Price at this post: $205.75; Reasoning: With the trade at 70% of its profit potential, I’m putting in a GTC closing order to capture the gain and take off the risk. This trade’s […]
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: iron condor; Trade entry date / price: 14 Eec / $172.85:\; Price at trade exit: $175.40; Reasoning: With this trade reaching 70% of it’s profit potential, closing it out now to book the win and take the risk off. Current greeks are: […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Trade entry date / price: 14 Dec / $111.06 Price at this adjustment: $114. Reasoning: Going to roll the short put in order to capture the profit on it. This adjustment will re-balance the Delta, increase the trade’s Theta, and reduce the […]
Stock / Symbol: Light Sweet Crude Oil Futures, Jan 2016 / CLF16 (/CLF6 in Think or Swim); Option Strategy: iron condor; Trade entry date / price: 2 Dec / $40.40 Price at trade exit: $35.92; Action: Closing out the trade this morning. There is very little risk of the call ending up ITM when the […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $202.15; Reasoning: Putting on an[private_monthly] Iron Condor[/private_monthly] on SPY with January expiring options, with less risk to the upside. This trade currently has a delta of 2.2, a positive theta of 1.4 and a negative vega of […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade post: $111.06 Reasoning: Putting on a [private_monthly]double diagonal on IWM with the short legs expiring in January[/private_monthly]. The Greeks are a delta of 16.2, a positive theta of 4.8 and a vega of 11.8. We’ll look to adjust or […]
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $172.85; Reasoning: Putting on a January expiration [private_monthly]iron condor[/private_monthly] here on DIA. This non-directional trade has a delta of 0.4, a positive theta of 1.8 and a negative vega of -8. The probability of success on […]
Stock / Symbol: Apple Inc / AAPL; Option Strategy: [private_monthly]calendar call spread[/private_monthly]; Trade entry date / price: 27 Apr / $131.55; Price at this adjustment: $113.85; Current Position:[private_monthly] Long 1 AAPL Jan17 125 call Short 1 AAPL DecWk5 125 call for an effective cost of $14.90 per contract[/private_monthly] Adjustment: Taking the trade off ahead of […]
Stock / Symbol: Apple Inc / AAPL; Option Strategy: [private_monthly]calendar call spread[/private_monthly]; Trade entry date / price: 27 Apr / $131.55; Price at this adjustment: $118.36; Current Position:[private_monthly] Long 1 AAPL Jan17 125 call for an effective cost of $15.35 per contract[/private_monthly] Adjustment: Selling another call against the position after the last call we sold […]