Trade Adjustment – SPX Bear Call Spread

Stock / Symbol: S&P 500 / SPXOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $3008Price at this adjustment: $3149.52 Reasoning: With our position still ITM, we’re going to roll a bit up and out to the Dec 20th expiring options. After this adjustment, our position’s Greeks will be: -1.5 Delta, […]

Trade Exit – ZS Double Calendar

Stock / Symbol: Zscaller / ZSOption Strategy: Double CalendarTrade entry date / price : 03 Dec 2019 / $51.75Price at this post: $48.52 Reasoning: While ZS is down significantly following its earnings announcement yesterday, it’s still not enough of a move to make the trade profitable. We’re going try to close out the trade here […]

Trade Entry – ZS Double Calendar

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Zscaller / ZSOption Strategy: Double CalendarTrade entry date: 03 Dec 2019Price at this post: $51.75 Reasoning: Putting a delta neutral trade on ZS that benefits from a big move in either direction following ZS’s earnings announcement this afternoon. […]

Trade Adjustment – TNA Bear Call Spread

Stock / Symbol: SmallCap 3x Bull / TNAOption Strategy: Bear Call spreadTrade entry date / price: 22 Nov 2019 / $62.35Price at this adjustment: $66.59 Reasoning: With TNA pulling back, we’re re-selling the short call as planned. Trade Adjustment Details: STO 1 TNA 20Dec19 68 call for a min net credit of $1.80 per contract […]

Trade Adjustment – TNA Bear Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: SmallCap 3x Bull / TNAOption Strategy: Bear Call spreadTrade entry date / price: 22 Nov 2019 / $62.35Price at this adjustment: $68.06 Reasoning: With our upside stop triggered at $68, we’re going to adjust the position to benefit […]

Trade Entry – LYFT Synthetic Long Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: LYFT / LYFTOption Strategy: Synthetic Long SpreadTrade entry date: 25 Nov 2019Price at this post: $48.88 Reasoning: LYFT looks like it is ready to move significantly higher so we’re going to play a Synthetic Long Spread on it. […]

Trade Adjustment – SPX Bear Call Spread

Stock / Symbol: S&P 500 / SPXOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $3008Price at this adjustment: $3109.90 Reasoning: With our position still ITM, we’re going to roll a bit down and out to the Dec 6th expiring options. After this adjustment, our position’s Greeks will be: -3.4 Delta, […]

Trade Entry – TNA Bear Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: SmallCap 3x Bull / TNAOption Strategy: Bear Call spreadPrice at this post: $62.35 Reasoning: The Russell 2k is still trading at significant resistance levels and we’re going to use a Bear Call Spread on TNA to play our […]