Trade Recap- LEN Vertical Put Spread

Stock / Symbol: Lennar / LENOption Strategy: Vertical Put SpreadTrade entry date / price: 17 Jun 2020 / $64.40Price at this post: $58.50 Update: Our closing order filled this morning, giving us an 80% return in 12 calendar days. Position Details: Long 1 LEN 17Jul20 60 putShort 1 LEN 17Jul20 55 put Entered at a […]

Trade Exit – LEN Vertical Put Spread

Stock / Symbol: Lennar / LENOption Strategy: Vertical Put SpreadTrade entry date / price: 17 Jun 2020 / $64.40Price at this post: $57.43 Update: So far, LEN has started pulling back as expected. We’re going to enter in our exit order now as LEN is closing in our our target price. The Greeks on this […]

Trade Exit – PTON Calendar Put Spread

Stock / Symbol: Peloton / PTONOption Strategy: Calendar Put SpreadTrade entry date / price: 18 Jun 2020 / $50.65Price at this post: $55.65 Reasoning: PTON has blown past our upside stop. Closing out the trade for now. We may re-enter the trade on a confirmed pullback. Trade Exit Order: STC 1 PTON 21Aug20 40 putBTC […]

Trade Adjustment – MJ Diagonal Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Alternative Harvest / MJOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $14.00Price at this post: $13.40 Adjustment: Our short 15 strike calls expired worthless last Friday, enabling us to retain the full premium […]

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: $23.85 Adjustment: Selling 30 strike calls against our long 30 calls to generate additional income. Trade Adjustment Details: STO […]