Trade Adjustment – TGT Strangle

Stock / Symbol: Target / TGTOption Strategy: StrangleTrade entry date / price: 28 Oct 2019 / $109.75Price at this post: $106.30 Reasoning: Although it’s likely our short 105 put will expire worthless tomorrow as planned, we’re adding a long 104 put as a hedge against a move below the $105 level tomorrow. Trade Details: BTO […]

Trade Adjustment – TGT Strangle

Stock / Symbol: Target / TGTOption Strategy: StrangleTrade entry date / price: 28 Oct 2019 / $109.75Price at this post: $108.47 Reasoning: With today’s 1.22 point move down, we’re able to sell a 105 strike put expiring this week. Since we’re adding to the position, we’re going to cancel our open sell order for now. […]

Closing Order – TGT Strangle

Stock / Symbol: Target / TGTOption Strategy: StrangleTrade entry date / price: 28 Oct 2019 / $109.75Price at this post: $109.90 Reasoning: An uptick in volatility has already helped our position, currently up nearly 6%. Going to enter our closing order now, to hopefully capture a quick gain tomorrow. Trade Details: STC 1 TGT 22Nov19 […]

New Bear Call Spread on MSFT

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Microsoft / MSFTOption Strategy: Bear Call spreadPrice at this post: $143.79 Reasoning: Expecting the exuberance for MSFT winning the JEDI contract from the pentagon to wane, we’re putting a Bear Call Spread on MSFT. The current Greeks for […]

Trade Entry – TGT Strangle

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Target / TGTOption Strategy: StrangleTrade entry date / price: 28 Oct 2019 / $109.75 Reasoning: Expecting volatility to rise as TGT’s earnings date of Nov 20 approaches. To capitalize on this premise, we’re putting a Strangle on TGT […]

Trade Update – AMZN Bull Put Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Amazon / AMZNOption Strategy: bull put spreadTrade entry date / price: 24 Oct 2019 / $1779.66Price at time of post: $1751.20 Update: Baring an absolute collapse in the final hour of trading today, AMZN should finish the day […]

Trade Entry – RUT Bear Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Russell 2000 Index / RUTOption Strategy: Bear Call spreadPrice at this post: $1561.60 Reasoning: Like the S&P 500, the Russell 2k is reaching significant resistance levels here. We’re putting on a Bear Call Spread here with the hope […]

New Bear Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 / SPXOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $3008 Reasoning: The S&P 500 and other major indices are reaching significant resistance levels here. We’re putting on a Bear Call Spread […]

Closing Trade – NOW Bull Put Spread

Stock / Symbol: ServiceNow / NOWOption Strategy: bull put spreadTrade entry date / price: 17 Oct 2019 / $253.62Trade exit date / price: 24 Oct 2019 / $238.65 Reasoning: closing trade to lock in profits Position Details: BTC 1 NOW 25Oct2019 230 putSTC 1 NOW 25Oct2019 225 put at a max net debit of $0.10 […]

New Bull Put Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Amazon / AMZNOption Strategy: bull put spreadPrice at time of post: $1782 Reasoning: With volatility high heading into AMZN’s earnings release this afternoon, we’re going to capitalize on the volatility with a bull put spread. Upon entry, this […]