Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double diagonal; Trade entry date / price: Jan 22nd / $174.67; Price at this post: $172.25; Reasoning: We’re near our profit target of 15%, let’s book the win here. Current Greeks are: -20 delta , 3.3 theta, and 46.9 vega. Closing Trade Details: […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: Iron Condor Update / Action: Didn’t get filled. Cancelling the order for now. Looks like we may get a market pullback, so we’ll look to open up another credit spread when there’s some blood in the street. Non-members, click here for access
Stock / Symbol: Russell 2000 / RUT; Option Strategy: Iron Condor Update / Action: Didn’t get filled. Cancelling the order for now. Looks like we may get a market pullback, so we’ll look to open up another credit spread when there’s some blood in the street. Non-members, click here for access
Stock / Symbol: Bank of America / BAC Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Price at trade post: $15.82 Reasoning: Here’s a positive Delta trade on BAC using an ITM diagonal. Similar to a covered call but with higher upside potential. This trade has a delta of 130, a theta of 0.7 and a vega of […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $100.82 Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on QQQ using the FebWk1 expiration for the short options. This trade’s greeks are: 6.1 Delta, 3.5 Theta, and 33 Vega. If QQQ is still trading at it’s current price by FebWk1 expiration, we’ll look to […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $1176.65; Reasoning: With RUT hovering near its 200 day average, I’m putting on a [private_monthly]iron condor[/private_monthly] on RUT. I’m selling the [private_monthly]1040 put and the 1300 call, covering with the 1030 put and 1310 call[/private_monthly]. The trade’s greeks are currently: […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $174.67 Reasoning: Between now and the expiration of the FebWk1 options, the standard deviation calculation for DIA puts it in a trading range between [private_monthly]167 to 182. I’m going to use a Double Diagonal[/private_monthly] which has a […]