Trade Adjustment : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Oct 22nd / $171.76 Price at trade post: $176.14 Adjustment: Upside stop hit. Taking profits on the call portion on the calendar spread. Greeks after this adjustment will be: -20.6 delta, 0.5 theta, and 19.4 vega […]

New Trade : NFLX

Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $99.27; Reasoning: Following NFLX’s recent earnings announcement, I’m putting on a trade that assumes NFLX won’t fluctuate in price as much as it would normally. I’m using a [private_monthly]iron condor with November’s expiring options.[/private_monthly]. The trade’s greeks are: -0.9 delta, 2.5 […]

New Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double calendar[/private_monthly]; Price at trade post: $171.76 Reasoning: Between now and the expiration of the OctWk5 options, the standard deviation calculation for DIA is between [private_monthly]168 to 176. I’m going to use a Double Calendar[/private_monthly] which has a delta of 5.8, a positive […]

Trade Adjustment : AAPL

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: $113.91; Current Position:[private_monthly] Long 1 AAPL Jan17 125 call for an effective cost of $16.10 per contract[/private_monthly] Adjustment: The October call we sold expired worthless last week, enabling us to […]

Trade Adjustment : TWTR

Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at this adjustment: $29.87 Current Position:[private_monthly] Long 1 Jan17 40 call at an effective cost of $9.52 per contract[/private_monthly] Adjustment: The last call we sold (Aug 42 strike), expired worthless, enabling us to further […]