Trade Exit – WBA Diagonal Call Spread

Stock / Symbol: Walgreens Boots Alliance / WBAOption Strategy: Diagonal Call SpreadTrade entry date / price: 02 Nov 2023 / $21.51Price at this post: $23.06 Update / Reasoning: The 22.5 strike call expired worthless back on Nov 24th. Now, with WBA up above my target price of $23, I’m going to take profits on this […]

Trade Exit – DUOL Bear Call Spread

Stock / Symbol: Duolingo / DUOLStrategy: Bear Call SpreadTrade entry date / price: 10 Nov 2023 / $209Price at this post: $217.85 Reasoning: I don’t like that DUOL recently found support at its 17 day average. As I’ve lost conviction in the trade, I’m exiting here for a small loss. At the moment, the net […]

Trade Exit – DKNG Double Calendar

Stock / Symbol: Draft Kings / DKNGStrategy: Put Calendar to Double CalendarTrade post date: 17 Aug 2023 / $26.92Price at this post: $30.34 Update / Reasoning: Upside stop @ $30 triggered today. I’m exiting the position for a loss here. The current net position Greeks are: -17.7 Delta; -11.5 Gamma, 0.9 Theta, 7.4 Vega. Trade […]

Trade Exit – DISH Diagonal Call Spread

Stock / Symbol: DISH Network / DISHOption Strategy: Diagonal Call SpreadTrade entry date / price: 08 Jun 2023 / $7.40Price at this post: $8.26 Update / Reasoning: DISH had positive market reaction to its earnings announcement yesterday morning, helping to propel this position to positive territory. I’m going to enter in my exit order here […]

Trade Exit – SPY Strangle

Stock / Symbol: S&P 500 ETF / SPYStrategy: StrangleTrade entry date / price: 29 Jun 2023 / $437.25Price at this post: $448.55 Update / Reasoning: The Jul 21st $410 put I sold expired worthless. This leaves me with a the long $405 put, with an effective cost of $0.07 per contract. With SPY down from […]