Trade Adjustment : SCTY

Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread / diagonal call spread[/private_monthly] Trade entry date / price: Nov 7 / $51.30 Price at this post: $54.30 Current Position: Long 1 SCTY Jan16 60 call for adjusted net debit of $7.10 per contract Adjustment: With SCTY up 6% since entering the […]

Closing Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Trade entry date / price: Dec 12 / $1161 Price at this post: $1198 Reasoning: Thanks to the market’s pop + drop in volatility, we’re up about 8% just a week into the trade. Going to attempt to ring the cash register now […]

New Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Price at trade post: $1161 Reasoning: With this pullback in the market, I’m putting on a [private_monthly]bull put spread[/private_monthly] on RUT. With an expected deviation of[private_monthly] +/- 83 points between now and January expiration, I’m selling the [private_monthly]1070 puts and covering with the […]

Closing Trade : VXX

Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: calendar call spread Trade entry date / price: Nov 21 / $27.88 Price at this post: $28.90 Current Position: Long 3 VXX Jan15 32 calls Short 3 VXX Dec14 32 calls At a net cost of $0.52 per contract Reasoning: With Volatility […]

Closing Trade : SPY

Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: Nov 20 / $203.92 Price at this post: $203.09 Reasoning: We got in the trade at $1.91 per contract and, thanks to the volatility increase we were looking for, and can now close for a credit of around […]

Trade Adjustment : VXX

Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: [private_monthly]calendar call spread[/private_monthly] Trade entry date / price: Nov 21 / $27.88 Price at this post: $28.50 Current Position: [private_monthly] Long 3 VXX Jan15 32 calls [/private_monthly] Adjustment: Last Friday, our short calls expired worthless, allowing us to capture their full premium. […]

Trade Adjustment : SCTY

Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread / diagonal call spread[/private_monthly] Trade entry date / price: Nov 7 / $51.30 Price at this post: $56.76 Adjustment: SCTY has moved up nicely but we were still able to allow the short Nov expiration call expire worthless. We’re currently up about […]

New Trade : VXX

Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $27.88 Reasoning: With market volatility once again relatively low, I’m putting on a [private_monthly]calendar call spread[/private_monthly] on VXX. The greeks going into this trade are: 50.4 delta, 3.0 theta, and 7.8 vega. Note that I’m […]

New Trade : SPY

Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $203.92 Reasoning: With volatility at relatively low levels, I’m putting on a [private_monthly]double calendar[/private_monthly] on SPY. This way, in addition to capitalizing on any directional move in the market, we’ll benefit should volatility rise. The greeks going into this […]

New Trade : SCTY

Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $51.30 Reasoning: Looking at a long term trade on SCTY using the sale of short term calls to generate weekly and monthly income. Fundamentally, SCTY is not great but I do like their business model. Solar City is […]