Trade Adjustment : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Trade entry date / price: 15 Jul / $1272 Price at this adjustment: $1223; Reasoning: Close to our stop and would like to step out of the way (for now) ahead of the Fed’s announcement this afternoon. I’ll look to put the trade […]

Trade Adjustment : TWTR

Stock / Symbol: Twitter / TWTR; Option Strategy: diagonal call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $36.10 Current Position:[private_monthly] Long 1 Jan17 40 call at an effective cost of $10.24 per contract[/private_monthly] Adjustment: The July call we sold expired worthless last Friday, enabling us to retain the […]

Closing Trade : QQQ

Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: Double Calendar Trade entry date / price: May 7 / $107.01 Price at this post: $112.70 Reasoning: Selling the long call. Long put will expire worthless today. Closing Trade Details: STC 1 QQQ Jul15 112 call for a min net credit of $0.65 per contract (day […]

Trade Adjustment : AAPL

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: $126.73 Current Position:[private_monthly] Long 1 AAPL Jan17 130 call Short -1 AAPL Jul 135 call Long 1 AAPL Jul 120 put for an effective cost of […]

Closing Trade : FB

Stock Symbol: FaceBook / FB; Option Strategy: [private_monthly]call spread + put spread[/private_monthly]; Trade entry date / price: 7 Jul / $85.67 Price at this post: $90.43; Reasoning: Up just over 13% on the trade already, locking in the gain. Current greeks are: 16.53 delta, -1.76 theta, and 4.10 vega Closing Trade Details:[private_monthly] STC 1 FB […]

New Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Price at trade post: $1272; Reasoning: I’m putting on a [private_monthly]bull put spread[/private_monthly] on RUT for August expiration. With a standard deviation of +/- 61 for RUT by Aug 21, I’m going a bit conservative and selling the [private_monthly]1160 puts (covering with the […]

New Trade : TSLA

Stock / Symbol: Tesla Motors / TSLA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $265.50 Reasoning: For TSLA’s earnings announcement scheduled for Aug 5th, I’m putting on a [private_monthly]double calendar[/private_monthly] with strikes about 15 – 20 points OTM. The Greeks currently show a delta of 0.01, a positive theta of 6.5 and a vega […]

New Trade : FB

Stock Symbol: FaceBook / FB; Option Strategy: [private_monthly]call spread + put spread[/private_monthly]; Price at this post: $85.67; Reasoning: Putting a trade on FB here to attempt to benefit from increasing volatility as Facebook’s earnings day approaches. Current greeks are: 5.2 delta, -4.6 theta, and 7.0 vega Trade Details:[private_monthly] BTO 1 FB Aug16 90 call STO […]