Trade Adjustment : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Trade entry date / price: 29 Feb / $166.44 Price at trade post: $175.55 Reasoning: The call leg of this trade is ITM. Closing it out now. We’ll look to add to this position early next week. Trade Adjustment Details:[private_monthly] STC […]

Trade Adjustment : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]double diagonal[/private_monthly]; Trade entry date / price: 29 Feb / $195.45 Price at trade adjustment: $204.25; Current Position:[private_monthly] Long 1 SPY MarWk4 203 call Long 1 SPY MarWk4 184 put Short -1 SPY Mar16 202 call Short -1 SPY Mar16 186 put [/private_monthly] Reasoning: […]

Trade Adjustment : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: 29 Feb / $103.70 Price at trade post: $109.56; Current Position: Long 1 IWM MarWk4 105.5 call Long 1 IWM MarWk4 100.5 put Short -1 IWM Mar16 105.5 call Short -1 IWM Mar16 100.5 put Reasoning: With […]

New Trade : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $195.45; Reasoning: Putting on an uneven [private_monthly] double diagonal[/private_monthly] on SPY with March expiring options for the short legs. This trade currently has a delta of -0.4, a positive theta of 2.2 and a positive vega of 1.4. […]

New Trade : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM; Option Strategy: [private_monthly]double calendar[/private_monthly]; Price at trade post: $103.70; Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on IWM with the long legs expiring on the 4th week of March. The Greeks on this trade are: -1.6 delta, 0.9 theta, and -3 vega. We’ll look to adjust or […]

New Trade : FB

Stock / Symbol: Facebook Inc / FB; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $108.12; Reasoning: I’m expecting some stability in FB and using an [private_monthly]iron condor [/private_monthly]that is just a bit beyond FB’s expected deviation by March expiration. The current Greeks on this slighly negative delta trade are: -2.2 delta, 1.7 theta, and […]

New Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $166.44 Reasoning: Putting on a [private_monthly]Double Diagonal[/private_monthly] on DIA with a -1.5 delta, a 1.5 theta, and a 2.0 vega. If DIA either trades up to [private_monthly]$173 or down to $158[/private_monthly], we’ll either exit the trade or […]

Closing Trade : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: double diagonal; Trade entry date / price: 4 Feb / $100.75 Price at trade exit: $100.45; Reasoning: The short strikes on this double diagonal on IWM are expiring today so we’re closing this (slightly positive) trade. The Greeks are currently: -6.1 delta, 5.3 theta, […]

Trade Update : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: iron condor; Trade entry date / price: 4 Feb / $191.39; Price at trade post: $191.86; Position: short -1 SPY Feb16 199 call long 1 SPY Feb16 200 call short -1 SPY Feb16 183 put long 1 SPY Feb16 182 put Reasoning: With SPY […]

Trade Update : AAPL

Stock / Symbol: Apple Inc / AAPL Option Strategy: Iron Condor; Trade entry date / price: 4 Feb / $95.76 Price at this post: $96.32 Position: short -1 AAPL Feb16 102 call long 1 AAPL Feb16 104 call short -1 AAPL Feb16 90 put long 1 AAPL Feb16 88 put Reasoning: With AAPL trading smack […]