Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $1053.50 Reasoning: With 34 days till October expiration, I’m putting on an [private_monthly] iron condor[/private_monthly] on RUT. While we’ve got an expected deviation of[private_monthly] +/- 60 points between now and Oct expiration, I’m going to be more conservative and account […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]butterfly call spread[/private_monthly] Trade entry date / price: Sep 9 / $507 Price at this post: $465 Reasoning: Wow, what a disappointing announcement from Apple. No new innovations, no bigger screen, and a way too expensive “cheaper” iPhone 5C that costs $549 in the US and […]
Stock / Symbol: JC Penney / JCP Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $14.47 Reasoning: With it’s fundamental challenges, and expecting JCP to hit resistance at its 50 day average, I’m putting on a[private_monthly]bear call spread[/private_monthly]. This trade’s Greeks are: -91 delta, 3.4 theta, and -3.6 vega. The probability of success on […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]butterfly call spread[/private_monthly] Price at trade post: $507 Reasoning: Making a play on tomorrow’s Apple event where they’re expected to announce a new version of the iPhone and a cheaper, plastic iPhone. This is an upwardly biased bet so I’m not risking much on this [private_monthly]butterfly […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Trade entry date / price: Aug 16 / $54.60 Price at this post: $56.59 Reasoning: As of this morning, we’ve captured about 70% of the potential profit on this trade and we’re up over 8%. Going to book the win […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]diagonal put spread[/private_monthly] Trade entry date / price: Aug 27 / $147.90 Price at trade exit: $147.77 Update: I thought this closing trade notice had gone out on Friday. Sorry about that. I closed this position on Friday for an 18% return […]
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 […]