Trade Exit – UPS Broken Wing Butterfly

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: United Parcel Service / UPSOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price: 24 Apr 2020 / $99.555Price at this post: $98.02 Reasoning: UPS has flopped on its earnings announcement, so we’re going to close the […]

Trade Entry – UPS Broken Wing Butterfly

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: United Parcel Service / UPSOption Strategy: Broken Wing Butterfly Call SpreadTrade post date: 24 Apr 2020Price at this post: $99.55 Reasoning: UPS has an earnings announcement coming up next Tuesday and we’re going to place a speculative, long […]

Trade Adjustment – BP Calendar Call Spread

This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: BP PLC / BPStrategy: Calendar Call SpreadTrade entry date / price: 10 Mar 2020 / $25.90Price at this post: $23.15 Adjustment: Our short calls expired worthless last Friday, enabling us to retain the full premium we collected. We’re […]

Trade Entry – QQQ Bear Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Nasdaq 100 Index / QQQOption Strategy: Bear Call SpreadTrade post date: 17 Apr 2020Price at this post: $213.70 Reasoning: We’ve had a nice recovery in the Nasdaq, but this upside move is likely to stall out around the […]