New Trade : QQQ

Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Calendar Put Spread[/private_monthly] Price at trade post: $67.62 Reasoning: I think that QQQ will trade back down to 66 sometime between now and May expiration. I’m using a put calendar on QQQ to play this premise. I’m selling the Mar13 expiration put and plan on selling […]

Closing Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Trade entry date / price: Feb 13 @ $920; Price at this post: $910 Current Position:[private_monthly] Long 1 RUT Mar13 900 put Short -1 RUT FebWk4 900 put Reasoning: Coming into the trade, I had thought that if the RUT pulled back to around […]

Trade Adjustment : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Price at trade entry: $920; Price at this adjustment: $931; Current Position:[private_monthly] Long 1 RUT Mar13 900 put Short -1 RUT FebWk4 900 put Long 1 RUT Mar13 940 call Short -1 RUT FebWk4 940 call Reasoning: Up about 20% on the call calendar […]

Trade Adjustment : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Price at trade entry: $920 Price at this adjustment: $926 Reasoning: Upside site hit. The trade’s greeks are currently : -17 delta, -2 theta, and 62 vega. To adjust, I’m going to add a [private_monthly]940 call [/private_monthly]calendar spread. The addition of the 2nd calendar […]

New Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Price at trade post: $920 Reasoning: Because I’m expecting a bit of a pullback in the market and an increase in volatility, I’m putting on a [private_monthly] put calendar spread[/private_monthly] on RUT. In case I’m wrong, I’m setting a fairly tight upside stop at […]