Closing Trade : BAC

Stock / Symbol: Bank of America / BAC Option Strategy: diagonal call spread Price at trade post: $15.74 Price at this post: $14.90 Reasoning: Downsie stop level hit. Closing out here. Closing Trade Details: STC 2 BAC Jan15 12 calls BTC -2 BAC Aug14 16 calls for a min net credit of $3.00 per contract […]

Trade Adjustment : TSLA

Stock / Symbol: Tesla Motors / TSLA Option Strategy: double calendar Price at trade entry: $225.75 Price at this adjustment: $231 Current Position: long 1 TSLA AugWk2 245 call short -1 TSLA AugWk1 245 call long 1 TSLA AugWk2 205 put short -1 TSLA AugWk1 205 put Reasoning: Not looking like we’ll get enough of […]

New Trade : TSLA

Stock / Symbol: Tesla Motors / TSLA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $225.75 Reasoning: For TSLA’s earnings announcement on Thursday, the street is expecting a move of +/- 17. To play this, I’m putting on a [private_monthly]double calendar[/private_monthly] with strikes about 20 points OTM. The Greeks currently show a delta of 0.63, […]

New Trade : AAPL

Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]calendar put spread[/private_monthly] Price at trade post: $94.18 Reasoning: Coming into this afternoon’s earnings annuoncement, I’m going to bet that Samsung has eaten into Apple’s iphone revenues and Google/Samsung into Apple’s tablet revenues. Not risking much here as we could just as easily see a positive […]

New Trade : BAC

Stock / Symbol: Bank of America / BAC Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Price at trade post: $15.74 Reasoning: Here’s a bullish play on BAC following this morning’s earnings announcement. As there isn’t much premium in BAC’s options, an ITM diagonal is a nice way to generate some decent yield with similar risk characteristics to […]

Closing Trade : AAPL

Stock / Symbol: Apple Inc / AAPL Option Strategy: diagonal call spread Trade entry date / price: Jan 23 / $555 Price at trade post: $527.60 Current Position: [private_monthly] Long 2 AAPL 10(Mini) Jan15 525 calls Short -1 AAPL 10(Mini) Mar14 525 call at a net cost of $41.31 per mini contract [/private_monthly] Reasoning: Although […]

Closing Trade : DIA

Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Trade entry date / price: Feb 19 / $161.27 Price at closing: $164.10 Current position: Long 2 DIA Apr14 165 calls Short -2 DIA MarWk1 165 calls Long 2 DIA Apr14 155 puts Short -2 DIA MarWk1 155 puts for […]

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: $558 Current Position: [private_monthly] Long 2 AAPL 10(Mini) Jan15 525 calls Short -1 AAPL 10(Mini) MarWk1 530 call at a net cost of $46 per mini contract [/private_monthly] Adjustment: Rolling […]

Closing Trade : IWM

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 post: $120.25 Current Position: Long 3 IWM Apr14 110 puts Short -3 IWM Mar14 110 puts Long 3 IWM Apr14 117 calls Short -3 IWM Mar14 117 calls Reasoning: Upside […]

Trade Update : SPX

Stock / Symbol: S&P500 Index / SPX Option Strategy: bear call spread Original trade entry date / price: Jan 23 / $1822 Price at this post: $1873 Update: I was filled today on the suggested adjustment at a debit of $0.35 per contract. Trade Adjustment Details: [private_monthly] BTC -2 SPX Mar14 1915 calls STC 2 […]