Closing Trade : TWTR

Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at trade exit: $25.15 Current Position: Long 1 Jan17 40 call at an effective cost of $9.13 per contract Reasoning: Doing what I should have done long time ago. Taking the loss and moving […]

New Trade : CLF16

Stock / Symbol: Light Sweet Crude Oil Futures, Jan 2016 / CLF16 (/CLF6 in Think or Swim); Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $40.40; Reasoning: Putting a [private_monthly]iron condor[/private_monthly] on the Jan 2016 Crude oil futures that last trade on Dec 16th. This non-directional trade has a delta of 11.1, a positive theta […]

Closing Trade : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade Entry date / price: 20 Nov / $209.40 Price at trade exit: $209.60; Reasoning: Up 13% on the trade in just over a week. Closing out here to take off the risk on an upside move in the market. Trade […]

Cancelling Order : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at original trade post: $178.20; Reasoning: Didn’t get filled last week. Cancelling order for now. Non-members, click here for access

New Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $178.20; Reasoning: Putting on a December expiration [private_monthly]iron condor[/private_monthly] here on DIA. This non-directional trade has a delta of -5, a positive theta of 1.6 and a negative vega of -8. The probability of success on […]

Closing Trade : QCOM

Stock / Symbol: Qualcomm / QCOM; Option Strategy: bull put spread; Trade entry date / price: 19 Nov / $48.88; Price at trade exit: $49.60 Reasoning: With this trade already capturing 70% of the possible profit, I’m going to close it out here for a quick win. 16% return in 1 day. Closing Trade Details: […]

New Trade : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Price at trade post: $209.40; Reasoning: Putting on a [private_monthly]bear call spread with Dec Week1 options[/private_monthly] on SPY. This trade’s greeks are: -20.8 Delta, 3.7 Theta, and -8.2 Vega. We’ll look to adjust / close the trade at our stop level. Trade Details:[private_monthly] […]

Closing Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double calendar; Trade entry date / price: Oct 22nd / $171.76; Price a this adjustment: $178.60; Current Position: Long 1 DIA Dec15 168 put Short 1 DIA Nov15 168 put Long 1 DIA Nov15 177.5 call at an effective cost of $1.60 per […]

New Trade : QCOM

Stock / Symbol: Qualcomm / QCOM; Price at trade post: $48.88; Option Strategy: bull put spread; Reasoning: This trade seeks to benefit from decreasing volatility following yesterday’s antitrust allegations against QCOM in South Korea. I’m using weekly options expiring on Nov 27th. The Greeks going into this trade are: 25.6 Delta; 2.5 Theta; -1.6 Vega […]

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: $118.75; Current Position:[private_monthly] Long 1 AAPL Jan17 125 call Short 1 AAPL Nov15 125 call for an effective cost of $15.60 per contract[/private_monthly] Adjustment: Taking advantage of today’s up day […]