New Trade : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade post: $100.75 Reasoning: Putting on a [private_monthly]double diagonal[/private_monthly] on IWM with the long legs expiring on the 4th week of February. The Greeks on this trade are: -0.1 delta, 2.3 theta, and -0.2. We’ll look to adjust or exit […]

New Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $163.75 Reasoning: I’m going to use a [private_monthly]Double Diagonal[/private_monthly] on DIA with a -0.75 delta, a 2.3 theta, and a 3.4 vega. If DIA either trades up to [private_monthly]$168 or down to $159[/private_monthly], we’ll either exit the […]

New Trade : AAPL

Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $95.76 Reasoning: With the earnings announcement and ex dividend date out of they way, I’m expecting some stability in AAPL for a while. The Greeks for this [private_monthly]iron condor [/private_monthly]on AAPL are: 0.2 delta, 2.0 theta, and -2.8 vega. The […]