Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread + calendar put spread[/private_monthly] Trade entry date / price: 27 Apr / $131.55 Price at this adjustment: $132.46 Adjustment: Putting a diagonal call spread back on AAPL. However, I’m still concerned about AAPL pulling back, so I’m also adding in another calendar put […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: May 7 / $107.01 Price at this adjustment: $110.64 Adjustment: [private_monthly]Selling a Jun Week1 call against our long call.[/private_monthly] After this adjustment, the trade’s Greeks will be: -3.9 Delta, -1.1 Theta, and 20.7 Vega. Trade Adjustment Details:[private_monthly] STO -1 QQQ […]
Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $37.26 Adjustment: Our short call expired worthless on Friday. Now, selling a Jun Wk1 call against the position. The Greeks after this adjustment will be: 38.3 delta, 1.23 theta, and 2.6 […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: May 7 / $107.01 Price at this adjustment: $110.18 Reasoning: On Friday, the options we sold against the position expired worthless, allowing us to capture the full premium we sold them for. With QQQ up over 110 today, we’re […]
Stock / Symbol: Direxion Gold Miners Bull 3x / NUGT Option Strategy: [private_monthly]calendar call spread[/private_monthly] Price at trade post: $13.68 Reasoning: With precious metals and miners looking like they have some decent upside here, I’m putting on a [private_monthly]calendar call spread[/private_monthly] on NUGT. I’ll be selling weekly options to generate income against the position. The […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bear call spread[/private_monthly] Price at trade post: $2108 Reasoning: Opening up a [private_monthly]bear call spread[/private_monthly] here on SPX for June option expiration. If we get a quick move down in the market, I’ll look to add [private_monthly]bull put spread, and thus turning the trade to an […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $107.01 The Trade: Putting on a [private_monthly]double calendar[/private_monthly] on QQQ. This trade’s greeks are: 4.9 Delta, 3.2 Theta, and 30 Vega. Trade Details:[private_monthly] BTO 1 QQQ Jul 110 call STO -1 QQQ May 110 call BTO 1 QQQ Jul 104 put STO -1 […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]diagonal call spread + calendar put spread[/private_monthly] Trade entry date / price: 27 Apr / $131.55 Price at this adjustment: $124.70 Adjustment: With AAPL trading below its 50 day average, I’m taking off the call calendar. I’ll re-enter the trade with AAPL back over its 50 […]
Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $37.40 Adjustment: After a doozie of an earnings report, we’re going into claw back mode on this trade. I’m going to close the long 55 strike call and move to a […]