Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $2079 Reasoning: Going to take advantage of the increased volatility, due to the concerns over Greece, and open up a [private_monthly]bull put spread[/private_monthly] here on SPX for August option expiration. If the market returns to its recent highs, I’ll […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: bear call spread Trade entry date / price: May 11 / $2108 Price at trade exit: $2110 Analysis: With SPX closing at 2110 by June expiration, the 2200 call expired worthless, enabling us to retain the full premium. Max Risk: $940 Max Reward: $60 or 6.3% […]
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: $128.74 Adjustment: Rolling up the short call on AAPL to a 135 expiring in July. With AAPL over $120 by next Friday’s expiration, going to allow […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: iron condor; Trade entry date / price: Jun 2 / $1252 Price at trade close: $1267; Reasoning: With this trade up over 5.5% already, going to close the trade here and take off the risk. Closing Trade Details: BTC -1 RUT Jun15 1300 call STC 1 […]
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: $109.51 Adjustment: [private_monthly]Selling a Jun call against our long call.[/private_monthly] After this adjustment, the trade’s Greeks will be: -1.5 Delta, -2.0Theta, and 17.6 Vega. Trade Adjustment Details:[private_monthly] STO -1 QQQ Jun […]
Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $36.24 Adjustment: Selling another call against the position to generate revenue. The Greeks after this adjustment will be: 34.8 delta, 0.7 theta, and 15.0 vega. Trade Adjustment Details: [private_monthly] STO -1 […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $1252.86; Reasoning: With just under 3 weeks till June option expiration, I’m putting on a [private_monthly]iron condor[/private_monthly] on RUT. I’m selling the [private_monthly]1300 calls (covering with the 1310’s) and selling the 1180 puts (covering with the 1170’s) [/private_monthly]. The trade’s […]