Stock / Symbol: Skechers / SKE Option Strategy: bear call spreadTrade entry date / price: 22 July 2019 / $39.25Price at exit: $38.38 Reasoning: With our Bear Call Spread at about 85% of the trade’s max profit & with the possibility that today’s Fed action could rise all boats, we’re going to take profits here. […]
Stock / Symbol: Small Cap 3x Bull / TNA Option Strategy: iron condor Trade entry date / price: 19 Jul 2019 / $61.47 Price at this post: $64.99 Adjustment: With TNA trading up near our upside stop, we’re going to make some adjustments to protect against losses with TNA finishing up over $66 this week. […]
Stock / Symbol: Whirlpool / WHROption Strategy: bull put spreadTrade post date / price: 23 July 2019 / $140.70Price at time of this post: $149.01 Update: With WHR rebounding shortly after we submitted this trade, we didn’t get filled on the 130 / 125 bull put spread at $0.45 per contract. In hindsight, we could […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Gold Miners 3x bear / DUST; Option Strategy: diagonal call spread;Price at trade post: $8.82; Reasoning: The gold miners appear to be technically overbought, so we’re putting a diagonal call spread on DUST utilizing a short Aug 9 […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: BP Amoco / BP; Option Strategy: bull put spread;Price at trade post: $38.99; Reasoning: With oil down over 15% from recent highs, and with BP trading closer to its demand zone, we’re putting a bull put spread on […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Whirlpool / WHR; Option Strategy: bull put spread;Price at trade post: $140.70; Reasoning: Putting a bull put spread on WHR utilizing Aug 16th expiring options to take advantage today’s pullback due to recall concerns . This trade currently […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Skechers / SKE; Option Strategy: bear call spread;Price at trade post: $39.25; Reasoning: Putting a bear call spread on SKX with Aug 2nd weekly expiring options to take advantage of the stock’s pop up on earnings last week. […]
Stock / Symbol: Option Strategy: iron condor Reasoning: Trading TNA (3x Russell 2000) to stay in between a range of 54.5 – 66 by Aug 2nd. This trade has a 82% probability of success and reaches full profit potential on Aug 2nd. If our below suggested stops are hit, we’ll look to adjust the position. […]