Trade Exit – CVNA Diagonal Put Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Carvana / CVNAStrategy: Diagonal Put SpreadTrade entry date / price: 19 Jan 2023 / $40.80Price at this post: $48.10 Update / Reasoning: Upside stop of $28 hit. Closing out trade here for a loss. Trade Exit Order: STC […]

Trade Exit – SPCE Diagonal Call Spread

Stock / Symbol: Virgin Galactic / SPCEStrategy: Diagonal Call SpreadTrade entry date / price: 25 Aug 2022 / $6.32Price at this post: $4.16 Update / Reasoning: With the position up by about 25% and with SPCE set to announce earnings tomorrow, Tuesday, I’m booking the win here. At the moment, the net position Greeks are: […]

Trade Exit – TTD Bear Call Spread

Stock / Symbol: The Trade Desk / TTDStrategy: Bear Call SpreadTrade entry date / price: 13 Jul 2023 / $88.90Price at this post: $82.45 Update / Reasoning: With TTD down about 7% from it’s level at position entry, my return goal of 10% has been met. I’m entering in my exit order now. Trade Exit […]

Trade Exit – COIN Bear Put Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Coinbase / COINStrategy: Bear Put SpreadTrade entry date / price: 17 Jul 2023 / $105.70Price at this post: $96.75 Reasoning: With COIN trading down, near the short put, I’m taking profits on this short term trade. Trade Exit […]

Trade Exit – TGT Bull Put Spread

Stock / Symbol: Target / TGTStrategy: Bull Put SpreadTrade entry date / price: 02 Jun 2023 / $131.30Price at post: $134.85 Reasoning: With TGT up just under 3% from where it was at entry, I’m looking to close out this position for about a 12 to 13% return. At the moment, the Greeks on this […]

Trade Exit – DUOL Bear Put Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Duolingo / DUOLStrategy: Bear Put SpreadTrade post date: 22 Jun 2023 / $141.98Price at this post: $140.30 Update / Reasoning: Yesterday’s and today’s trading activity is indicating to me that the stock is attempting to form support here […]

Trade Exit – ORCL Bear Call Spread

This post is restricted to paying members. To follow are active trade details: Stock / Symbol: Oracle / ORCLStrategy: Bear Call SpreadTrade post date: 13 Jun 2023 / $119.08Price at this post: $118.75 Update/Reasoning: Taking advantage of today’s down market and closing this trade out for a win. Trade Exit Order: BTC 2 ORCL 15Sep232 […]

Trade Exit – TAN Strangle

Stock / Symbol: Invesco Solar ETF / TANStrategy: StrangleTrade entry date / price: 18 May 2023 / $70.35Price at this post: $70.85 Update / Reasoning: Three-week time stop hit today. Closing the trade here. Trade Exit Order:BTC 1 TAN 21Jul23 65 put For a max net debit of $0.95 per contract (GTC order, limit order). […]

Trade Exit – TNA Diagonal Call Spread

Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Diagonal Call SpreadTrade entry date / price: 11 May 2023 / $28.80Price at this post: $35.40 Update / Reasoning: With the net position Delta turning negative, time to take profits on this trade. At entry, the net position Greeks were approximately: 31.5 Delta, -4.4 Gamma, […]