Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: iron condor Trade entry date: Nov 16 Price at trade entry: $135.85 Price at this adjustment: $142.30 Current Position:[private_monthly] Short -3 SPY Dec12 144 calls Long 3 SPY Dec12 147 calls Short -3 SPY Dec12 132 puts Long 3 SPY Dec12 129 puts [/private_monthly] […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: iron condor Trade entry date: Nov 16 Price at trade entry: $135.85 Price at this adjustment: $141.00 Reasoning: With our Delta shifting from 4 to -42, I’m going to bring the delta at bit closer to zero by taking a profit on the put […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: bull put spread Trade entry date: Nov 16 Price at trade entry: $125.28 Price at this post: $129.22 Reasoning: Going to lock in an 8.4% pre-commission gain here. If I find a good trade, look for a new iron condor on DIA in […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade post: $63.73 Reasoning: With 31 days to Dec option expiration, we’re putting on a [private_monthly]double diagonal on QQQ. [/private_monthly]This is a delta neutral trade with a slight upside bias (currently at 11) with a positive theta of 5.4 and a negative […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: bull put spread Trade entry date: Nov 16 Price at trade entry: $76.90 Price at trade exit: $79.12 Reasoning: Up 7.5% (pre-commission) one full day into the trade, have to take profits. May look at a new iron condor on IWM tomorrow. Closing Trade […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly] iron condor[/private_monthly] Price at trade post: $135.85 Reasoning: With 35 days left till December expiration, we’re putting on an[private_monthly] Iron Condor on SPY to fit between the current standard deviation calculation of +/- 8 from its current price. Our[private_monthly] Iron Condor[/private_monthly] currently has […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $76.90 Reasoning: Between now and Decmber expiration, the standard deviation calculation for IWM puts it in a trading range between [private_monthly]72.5 to 82. Like I did with DIA, I’m going to start out with a bull put […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $125.28 Reasoning: Between now and Decmber expiration, the standard deviation calculation for DIA puts it in a trading range between [private_monthly]119 to 132. I think the market is oversold, so I’m going to start out with […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: double calendar Trade entry date: Oct 17 Price at trade entry: $68.25 Date / Price at adjustment: Oct 25 / $65 Price at this post: $63.55 Reasoning: The drop in volatility has hurt the profitability of this trade. With a 60 delta, going to close out […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly] iron condor[/private_monthly] Trade entry date: Oct 16 Price at trade entry: $146 Adjustment date: Oct 24 Price at adjustment: $141 Price at this post: $138.50 Current Position: Short -4 SPY Nov12 134 puts Long 4 SPY Nov12 132 puts Reasoning: While the remaining […]