Closing Trade : SPY

Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: calendar put spread Trade entry date / price: Aug 26 / $200.20 Price at this post: $200.92 Reasoning: Just didn’t get the market pullback I was anticipating. Closing out here for a small gain on the trade. Current Greeks are: -33 delta, 9 theta, and […]

Closing Trade: VXX

Stock / Symbol: IPATH S&P 500 VIX SHORT TERM / VXX Option Strategy: vertical call spread Trade entry date / price: Aug 27 / $27.85 Price at trade close: $27.67 Reasoning: We did see volatility briefly rise, only to right right back down. Just going to cut losses here. The current greeks are: 50 delta, […]

Trade Adjustment : SPY

Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]calendar put spread[/private_monthly] Trade entry date / price: Aug 26 / $200.20 Price at this post: $198.98 Adjustment: Going to roll the short puts to next week’s, Sep14 expiring puts. We’ve captured some nice premium on the puts we sold and now have another week […]

Closing Trade : QQQ

Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: Double Calendar Trade Entry date / price: Aug 26 / $99.33 Price at trade post: $99.37 Reasoning: 2.5 weeks gone by, yet we’re at the same darn price. In hindsight, would have been a fabulous iron condor. Going to close this one out here at a […]