Stock / Symbol: Bank of America / BAC Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Trade entry date / price: 22 Jan / $15.82 Price at this adjustment: $16.07 Reasoning: We were able to capture nearly all of the premium on the calls we sold. Rolling the short calls to calls expiring on March 6th and a […]
Stock / Symbol: Solar City Corp / SCTY Option Strategy: calendar call spread; Trade entry date / price: 7 Nov / $51.30; Price at this post: $58.65; Reasoning: With SCTY reporting earnings this afternoon, and with it trading very near to our price target, it’s time to book this win and avoid the uncertainty of […]
Stock / Symbol: United States Oil Fund / USO Price at trade post: $18.95 Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Reasoning: With USO down nearly 50% from it’s high back in August, I’m putting on a delta positive and theta positive trade on USO using a [private_monthly]Jan16 expiration call for the long leg[/private_monthly]. Greeks going into […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: 20 Jan / $100.82 Price at trade post: $103.05 Reasoning: Our short calls and puts expired worthless on Friday, allowing us to collect their full premiums. Up slightly on the call portion of the trade, so I’m closing that […]
Stock / Symbol: Twitter / TWTR; Option Strategy: condor; Trade entry date / price: 4 Feb / $40.66; Price at time of this post: $47.01; Reasoning: Got the expected pop on TWTR. Hopefully it’ll settle within our max profit range of 44 – 46 by day’s end. Submitting the closing order now to attempt to […]
Stock / Symbol: Twitter / TWTR Price at trade post: $40.66 Option Strategy: [private_monthly]condor[/private_monthly] Reasoning: Based on the options activity on TWTR, there are lot of bets that Twitter will pop to around the 45 level after tomorrow’s earnings. So, I’m putting on a low risk, high reward strategy to play that possibility. This [private_monthly]Condor[/private_monthly] […]
Stock / Symbol: Solar City Corp / SCTY Option Strategy: [private_monthly]calendar call spread / diagonal call spread[/private_monthly]; Trade entry date / price: 7 Nov / $51.30; Price at this post: $52.53; Current Position: Long 1 SCTY Jan16 60 call for an effective net debit of $6.30 per contract Adjustment: Time to sell another another short […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double diagonal; Trade entry date / price: Jan 22nd / $174.67; Price at this post: $172.25; Reasoning: We’re near our profit target of 15%, let’s book the win here. Current Greeks are: -20 delta , 3.3 theta, and 46.9 vega. Closing Trade Details: […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: Iron Condor Update / Action: Didn’t get filled. Cancelling the order for now. Looks like we may get a market pullback, so we’ll look to open up another credit spread when there’s some blood in the street. Non-members, click here for access
Stock / Symbol: Russell 2000 / RUT; Option Strategy: Iron Condor Update / Action: Didn’t get filled. Cancelling the order for now. Looks like we may get a market pullback, so we’ll look to open up another credit spread when there’s some blood in the street. Non-members, click here for access