Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $172.85; Reasoning: Putting on a January expiration [private_monthly]iron condor[/private_monthly] here on DIA. This non-directional trade has a delta of 0.4, a positive theta of 1.8 and a negative vega of -8. The probability of success on […]
Stock / Symbol: Light Sweet Crude Oil Futures, Jan 2016 / CLF16 (/CLF6 in Think or Swim); Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $40.40; Reasoning: Putting a [private_monthly]iron condor[/private_monthly] on the Jan 2016 Crude oil futures that last trade on Dec 16th. This non-directional trade has a delta of 11.1, a positive theta […]
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at original trade post: $178.20; Reasoning: Didn’t get filled last week. Cancelling order for now. Non-members, click here for access
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $178.20; Reasoning: Putting on a December expiration [private_monthly]iron condor[/private_monthly] here on DIA. This non-directional trade has a delta of -5, a positive theta of 1.6 and a negative vega of -8. The probability of success on […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date / price at trade post: Oct 30 / $99.27; Price at trade close: $113.40; Reasoning: Upside stop triggered. Closing the trade. Closing Trade Details:[private_monthly] BTC -2 NFLX Nov15 114 calls STC 2 NFLX Nov15 116 calls BTC -2 NFLX Nov15 84 puts […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $99.27; Reasoning: Following NFLX’s recent earnings announcement, I’m putting on a trade that assumes NFLX won’t fluctuate in price as much as it would normally. I’m using a [private_monthly]iron condor with November’s expiring options.[/private_monthly]. The trade’s greeks are: -0.9 delta, 2.5 […]
Stock / Symbol: S&P500 Index / SPX; Option Strategy: reverse iron condor / double vertical; Trade entry date / price: 16 Sep / $1993; Price at this adjustment: $1914; Adjustment: We’re able to close out the put spread here, locking in a 47% return on the trade. We’ll keep the call spread on, just in […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]reverse iron condor / double vertical [/private_monthly] Update: I was filled at a debit of $1.70 per contract. Correction: The Greeks I posted originally were incorrect. The current Greeks are: -0.02 delta, -4.0 theta, and 18 vega. Updated Risk / Reward profile: Max Risk: $170 Max […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: iron condor; Trade entry date / price: Jun 2 / $1252 Price at trade close: $1267; Reasoning: With this trade up over 5.5% already, going to close the trade here and take off the risk. Closing Trade Details: BTC -1 RUT Jun15 1300 call STC 1 […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $1252.86; Reasoning: With just under 3 weeks till June option expiration, I’m putting on a [private_monthly]iron condor[/private_monthly] on RUT. I’m selling the [private_monthly]1300 calls (covering with the 1310’s) and selling the 1180 puts (covering with the 1170’s) [/private_monthly]. The trade’s […]