New Trade : TNA

Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar put spread[/private_monthly]; Price at trade post: $67 Reasoning: Anticipating a market pullback, I’m making a directional play on TNA going down. The greeks on this trade are: -21 delta, a 2.9 theta, and 9.6 vega. If our upside stop is triggered, we’ll […]

Closing Trade : NDX

Stock / Symbol:Nasdaq 100 / NDX Option Strategy: bear call spread ; Trade entry date / price: Oct 18 / $3350 ; Price at trade post: $3392 ; Reasoning: Upside stop surpassed today. As we’ve done well with our other trades this month, I see no point in attempting to adjust this trade / continue […]

Order Modification : LNKD

I lowered my ask down to $11.45. Just got filled for a 27% return in 4 days! Closing Trade Details: STC 1 LNKD Dec13 270 call BTC -1 LNKD NovWk1 270 call STC 1 LNKD Dec13 210 put BTC -1 LNKD NovWk1 210 put for a min net credit of $11.45 per contract (day order, […]

Closing Trade : LNKD

Stock / Symbol: LinkedIn / LNKD Option Strategy: double calendar Trade entry date / price: Oct 25 / $241 Price at this post: $244 Reasoning: As of yesterday’s close, we were already up about 20% on this trade. Going to close out this morning, ahead of the this afternoon’s earnings announcement. Current Greeks on this […]

New Trade : LNKD

Stock / Symbol: LinkedIn / LNKD Option Strategy: double calendar Price at trade post: $241 Reasoning: putting on a delta neutral trade to play LinkedIn’s earnings announcement scheduled for next Tuesday afternoon. I’m setting the option strikes based on the street’s expected move of +/- 30. The Greeks on this double calendar are: Delta of […]

Closing Trade : AMZN

Stock / Symbol: Amazon.com / AMZN Option Strategy: put calendar Trade entry date / price: Oct 25 / $365 Price at this post: $358 Reasoning: downside stop hit, entering closing order now. Closing Trade Details: STC 1 AMZN NovWk4 360 put BTC -1 AMZN OctWk4 360 put for a min net credit of $9.20 per […]

New Trade : AMZN

Stock / Symbol: Amazon.com / AMZN Option Strategy: put calendar Price at trade post: $365 Reasoning: just a day trade on AMZN here, looking for some profit taking by the end of the day today. Greeks are: delta of -20, a positive theta of 77 and a positive vega of 34. Note that I’m using […]

Closing Trade : AMZN

Stock / Symbol: Amazon.com / AMZN Option Strategy: double calendar Trade entry date / price: Oct 23 / $326 Price at this post: $365 Reasoning: The damn thing went up 39 (instead of the estimated 22), putting us on the wrong side of our short 350 call. We could wait and hope for AMZN to […]