Stock / Symbol: First Solar / FSLROption Strategy: Synthetic Long SpreadTrade entry date / price: 15 Nov 2019 / $53.48Price at this post: $55.05 Reasoning: Going to take advantage of FSLR’s quick bump up in price and take profits. Also, while we’re up now on the long call, at this same price the call would […]
Stock / Symbol: Russell 2000 ETF / IWMOption Strategy: Iron Condor Trade entry date / price : 12 Nov 2019 / $159.08Price at this post: $158.80 Reasoning: With our position already at 82% of it’s max profit potential, we’re going to see if we can book this win now. Current Greeks are: -2.6 delta, 3.0 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: First Solar / FSLROption Strategy: Synthetic Long SpreadTrade entry date: 15 Nov 2019Price at this post: $53.50 Reasoning: We’ve been waiting for FSLR to establish support and it looks like it now has at around the 51 to […]
Stock / Symbol: S&P 500 / SPXOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $3008Price at this adjustment: $3115 Reasoning: With our position still ITM, we’re going to roll up and out to next Friday’s expiring options. After this adjustment, our position’s Greeks will be: -3.6 Delta, -2.7 Theta of […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Amazon / AMZNOption Strategy: Reverse Iron Condor Trade entry date: 15 Nov 2019Price at this post: $1748.62 Reasoning: With AMZN’s volatility at a relative low, we’re putting a Reverse Iron Condor on AMZN using Dec 27th expiring options […]
Stock / Symbol: Russell 2000 Index / RUTOption Strategy: Bear Call spreadTrade entry date / price: 25 Oct 2019 / $1562Price at this post: $1593.80 Update / Reasoning: It’s looking like our short 1605 strike calls will expire worthless tomorrow. I accidentally used the AM expiring options, which stop trading 15 minutes after market close […]
Stock / Symbol: Walmart / WMTOption Strategy: Iron Condor Trade entry date / price: 13 Nov 2019 / $120.32Price at this post: $122.92 Reasoning: While WMT is up following their earnings announcement, it’s trading within our profit range for the Iron Condor we put on for it. The current Greeks are: -11.2 Delta, 8.75 Theta […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Walmart / WMTOption Strategy: Iron Condor Trade entry date: 13 Nov 2019Price at this post: $120.28 Update: Lowering our order entry price to increase chances of getting filled. Trade Details: STO 1 WMT 15Nov2019 125 callBTO 1 WMT […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Walmart / WMTOption Strategy: Iron Condor Trade entry date: 13 Nov 2019Price at this post: $119.90 Reasoning: The street is expecting a move of +/- 4.625 points following WMT’s earning’s announcement tomorrow morning. We’re putting an Iron Condor […]
Stock / Symbol: Target / TGTOption Strategy: StrangleTrade entry date / price: 28 Oct 2019 / $109.75Price at this post: $108.12 Update: TGT is pulling back so we’re going to enter an exit order to close out the trade for a small gain before the negative theta becomes to much to over come as we […]