Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Diagonal put spread Trade entry date / price: Aug 28 / $105.20 Price at this adjustment: $104.35 Reasoning: With the market trading down today, going to adjust the position to turn the Theta positive. After this adjustment, the Greeks will be: -35.5 Delta; 6.2 Theta; and […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Long Put Price at this post: $105.20 Reasoning: Putting on a long put to bring the delta of our open positions closer to neutral. Trade Details:[private_monthly] BTO 1 QQQ Oct15 105 put for a max debit of $4.15 per contract (day order, limit order). The mid […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / Aug 20 / price: $207 Price at trade post: $199 Reasoning: Closing trade here at break-even to protect against the possibility of another market pullback. Closing Trade Details: STC 2 SPY Oct15 214 calls for a min net […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]calendar call spread[/private_monthly] Trade entry date / price: 27 Apr / $131.55 Price at this adjustment: $107 Adjustment: With AAPL’s dramatic drop then rebound to positive territory today, and with AAPL down 18% from our original entry point, I’m going to put this trade back on. […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / Aug 20 / price: $207 Price at trade post: $200.50 Reasoning: downside stop of $202 hit. Closing out put calendar portion of the trade & buying back the short calls Trade Adjustment Details:[private_monthly] STC 2 SPY Oct15 202 […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: bull put spread; Trade entry date / price: 15 Jul / $1272; Price at this adjustment: $1153; Reasoning: Downside stop hit. Closing trade here to prevent further loss. Closing Trade Details: BTC -1 RUT Sep15 1120 put STC 1 RUT Sep15 1110 put for a max […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $207 Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on SPY. This trade’s greeks are: 6.8 Delta, 4.0 Theta, and 40.8 Vega. We’ll look to adjust / close the trade at either of the upside or downside stops. Trade Details:[private_monthly] BTO 2 SPY […]
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: $1208; Reasoning: Going to put this trade back on but with one month further out and a 40 point lower strike for the short put. Trade Adjustment Details:[private_monthly] STO -1 […]
Stock / Symbol: Lululemon Athletica / LULU Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $62.30 Reasoning: For LULU’s earnings announcement scheduled for sometime between Sep 9 – 14, I’m putting on a [private_monthly]double calendar[/private_monthly] with strikes about 3 to 4.5 points OTM. The Greeks currently show a delta of 1.64, a positive theta of […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: bull put spread Trade entry date / price: 29 Jun / $2079 Price at this post: $2070 Analysis: We were filled on our order to buy back the 1880/1870 put spread for $0.10 on July 29th. We never were filled on the order to sell the […]