New Trade : SPX

Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread[/private_monthly] Price at trade post: $1647 Reasoning: Starting out with a [private_monthly]bear call spread[/private_monthly] on SPX for June expiration. If we get a big down day (although it feels like the market just wants to keep going higher), we’ll add a bull put spread, […]

Closing Trade : NFLX

Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade entry date / Price at trade post: Feb 6 @ $182; Price at this post: $179.55 Current position: short -2 NFLX Mar13 210 calls long 2 NFLX Mar13 215 calls at a net credit of $0.90 per contract. Update / Reasoning: Would like […]

New Trade : NFLX

Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $182; Reasoning: Although the standard deviation calculation for March expiration puts NFLX in an upward range to [private_monthly]$217, I think that NFLX is going to stall out for a while as it’s now up over 68% since it’s blow-out earnings […]

New Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $880; Reasoning: With 34 days till Feb expiration, I’m putting on a [private_monthly] bear call spread[/private_monthly] on RUT. The expected deviation is[private_monthly] +/- 43 points between now and Feb expiration, giving us an expected range of 837 to 923. […]

Closing Trade : RUT

Stock / Symbol: Russell 2000 / RUT Option Strategy: bear call spread Trade entry date: Dec 19 Price at trade entry: $850.50 Price at this post: $838.80 Current Position: Short -3 RUT Jan13 885 calls Long 3 RUT Jan13 895 calls for a credit of $1.38 per contract. + Long 1 RUT Jan13 900 call […]

Order Adjustment : RUT

Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]bear call spread[/private_monthly] Adjustment: didn’t get filled on the 890/900 call spread, so I switched to a 885/895 spread and a 900 protective call Trade Details:[private_monthly] STO -3 RUT Jan13 885 calls BTO 3 RUT Jan13 895 calls for a min net credit of $1.35 per […]

New Trade : RUT

Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]bear call spread[/private_monthly] Price at trade post: $850.50 Reasoning: With 30 days till January expiration, I’m putting on a [private_monthly] bear call spread[/private_monthly] on RUT. Although the expected deviation is[private_monthly] +/- 47 points between now and January expiration, I think we’re not neutral here and are […]