Stock / Symbol: S&P500 Index / SPX Option Strategy: bear call spread Original trade entry date / price: Jan 23 / $1822 Price at this post: $1857 Current Position:[private_monthly] Short -2 SPX Mar14 1915 calls Long 2 SPX Mar14 1925 calls at a net credit of $0.55 per contract [/private_monthly] Adjustment: With our upside stop […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: Feb 20 / $114.80 Price at this adjustment: $117.65 Current Position:[private_monthly] Long 3 IWM Apr14 110 puts Short -3 IWM Mar14 110 puts Long 1 IWM Apr14 117 call Short -1 IWM Mar14 117 call[/private_monthly]. Adjustment: upside […]
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: $527 Current Position: [private_monthly] Long 2 AAPL 10(Mini) Jan15 525 calls Short -1 AAPL 10(Mini) Feb14 530 call at a net cost of $48.65 per mini contract [/private_monthly] Adjustment: Rolling […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $114.80 Reasoning: Putting on an off ratio double calendar to play IWM with a downside bias. I’m looking to exit the trade in about 2 weeks for around a 15% profit. The Greeks currently show a delta of […]
Please note that we’re selling the [private_monthly]1925 calls and not the 1920 calls. Trade Details: STO -2 SPX Mar14 1915 calls BTO 2 SPX Mar14 1925 calls for a min net credit of $0.45. I was filled at $0.50 [private_monthly]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Price at trade post: $161.27 Reasoning: Putting on a delta neutral trade here on DIA. The Greeks on this DIA double calendar are: delta of 2.4, a positive theta of 1.4 and a positive vega of 56. [private_monthly]PLEASE NOTE: We […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: bear call spread (originally: bull put spread) Original trade entry date / price: Jan 23 / $1822 Price at this post: $1840 Reasoning: Shitfting over to the Mar expiration options. For those new to this trade, this is a good entry point. We’re going to put […]
Stock / Symbol: Google / GOOG Option Strategy: diagonal call spread Trade entry date / price: Jan 30 / $1140 Price at this post: $1203 Reasoning: For those who didn’t close this trade out 2 weeks ago, we’ve be rewarded with additional gains. However, with our short call ITM, I’m going to book the win […]
Stock / Symbol: Direxion Small Cap Bear 3x / TZA Option Strategy: [private_monthly] calendar call spread[/private_monthly]; Trade entry date / price: Jan 29 / $18.52 Price at trade post: $18.90 Reasoning: Closing out the trade here for a quick 30% gain. Current greeks are: 79 Delta, 1.76 Theta, and 4.9 Vega. Closing Trade Details:[private_monthly] STC […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: bull put spread Trade entry date / price: Jan 23 / $1822 Price at this adjustment: $1755 Current Position: [private_monthly] Short -2 SPX Feb14 1680 puts Long 2 SPX Feb14 1670 puts at a net credit of 0.50 [/private_monthly] Reasoning: With this position at risk and […]