Closing Trade : DIA

Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: calendar put spread Trade entry date / price: Jan 24 / $159.15 Price at time of post: $156.30 Reasoning: This trade worked out very nicely both in terms of percent gain (60% or more in 1 week!!) and as a hedge against […]

New Trade : GOOG

Stock / Symbol: Google / GOOG Price at trade post: $1140 Option Strategy: diagonal call spread Reasoning: With earnings due out this evening, I’m putting on slightly positive delta trade on GOOG in an effort to catch a positive earnings report. If I’m wrong, the trade structure does afford some downside protection (to about 1120). […]

New Trade : TZA

Stock / Symbol: Direxion Small Cap Bear 3x / TZA Option Strategy: [private_monthly] calendar call spread[/private_monthly]; Price at trade post: $18.52 Reasoning: Putting on a directional trade here as a low risk way to play the negative market reaction to today’s Feb meeting. Greeks are: 28 Delta, 3.75 Theta, and 3.4 Vega. Trade Details:[private_monthly] BTO […]

Trade Adjustment : AAPL

Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Trade entry date / price: Jan 23 / $555 Price at trade post: $502 Current Position: [private_monthly] BTO 1 AAPL 10(Mini) Jan15 525 call STO -1 AAPL 10(Mini) JanWk5 575 call at a net debit of $63.48 per contract Adjustment: I’m going to […]

New Trade : DIA

Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: calendar put sprad Price at trade post: $159.15 Reasoning: Putting this trade on to bring our portfolio Delta closer to neutral. The Greeks on this DIA put calendar are: delta of -16.5, a positive theta of 8 and a positive vega of […]

Order Adjustment : SPX

Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $1807 Adjustment: Didn’t get filled yesterday. Lowering strikes and re-submitting the order. The trade’s greeks are now: 2 delta, 3.3 theta, and -14 vega. Setting a downside stop at [private_monthly]1762[/private_monthly], where we’ll either exit or adjust. Trade Details: [private_monthly] […]

New Trade : AAPL

Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Price at trade post: $555 Reasoning: I’m bullish on AAPL and am looking for a pop on their Jan 27 earnings announcement. Not risking much here (using minis) in case we get a negative earnings announcement. If things go bad, we can simply […]

New Trade : SPX

Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $1822 Reasoning: Today’s market decline is pushing up volatility, providing us with a nice opportunity for a bull put spread on SPX with February expiration options. Although the Standard deviation is[private_monthly] +/- 72[/private_monthly], I’m giving some more room to […]