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 a this adjustment: $177.20 Current Position:[private_monthly] Long 1 DIA Dec15 168 put Short 1 DIA Nov15 168 put at an effective cost of $1.11 per contract[/private_monthly] Reasoning: With DIA rebounding on […]
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 a this adjustment: $173.05 Adjustment: selling another put against the position. After this adjustment, the Greeks will be: -12.7 delta, 4.2 theta, and 12.3 vega Trade Adjustment Details:[private_monthly] STO -1 DIA […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date / price at trade post: Oct 30 / $99.27; Price at trade close: $113.40; Reasoning: Upside stop triggered. Closing the trade. Closing Trade Details:[private_monthly] BTC -2 NFLX Nov15 114 calls STC 2 NFLX Nov15 116 calls BTC -2 NFLX Nov15 84 puts […]
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 […]
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 […]
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 […]
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 […]
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 […]
Stock / Symbol: S&P500 Index / SPX; Option Strategy: reverse iron condor / double vertical; Trade entry date / price: 16 Sep / $1993; Price at this adjustment: $1914; Adjustment: We’re able to close out the put spread here, locking in a 47% return on the trade. We’ll keep the call spread on, just in […]
Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]reverse iron condor / double vertical [/private_monthly] Update: I was filled at a debit of $1.70 per contract. Correction: The Greeks I posted originally were incorrect. The current Greeks are: -0.02 delta, -4.0 theta, and 18 vega. Updated Risk / Reward profile: Max Risk: $170 Max […]