Stock / Symbol:Nasdaq 100 / NDX Option Strategy:iron condor Status: Did not get filled at desired credit of $1.65 last Friday or again this Monday. Cancelled the trade order at close of trading on Monday. Non-members, click here for access
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]diagonal put spread[/private_monthly] Price at trade post: $147.90 Reasoning: Playing a further pullback in the market / increase in volatility. This diagonal spread also incorporates the characteristics of a ratio spread as it’s long more options than it is short. The Greeks […]
Stock / Symbol:Nasdaq 100 / NDX Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $3122 Reasoning: I’m putting on an [private_monthly] iron condor[/private_monthly] on NDX for September options expiration. The trade’s greeks are: -.16 delta, 8.9 theta, and -44 vega. Trade Details:[private_monthly] STO -1 NDX Sep13 3300 call BTO 1 NDX Sep13 3325 call STO […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Price at trade post: $54.60 Reasoning: With TNA trading near its 50 day moving average, and down over 10% from its recent highs, going to put on a bullish trade. I am however taking the downside standard deviation calculations into […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: double calendar; Trade entry date / price: Jul 26 / $155 Price at trade post: $150.80 Reasoning: Original 152 strike put calendar turned out to be the right call. Unfortunately, the Jul 31 adjustment of adding the call calendar hurt us when […]
Stock / Symbol: Herbalife / HLF; Option Strategy: [/private_monthly]double calendar[/private_monthly]; Trade entry date / price at trade post: Jul 29 / $60; Price at this post: $66.05 Reasoning: Up about 7%. Going to book the win now just in case HLF goes higher and reduces our profit or turns this into a losing trade. Closing […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Trade entry date / price: Jul 18 / $59 Price at this post: $59 Reasoning: TNA is right where we started on this trade but we’re up about 15%. Gotta love it. Taking the trade off here just incase the […]