Closing Trade – LYFT Synthetic Long

Stock / Symbol: LYFT / LYFTOption Strategy: Synthetic Long SpreadTrade entry date / price: 25 Nov 2019 / $48.88Price at this post: $28.88 Reasoning: This trade has turned out to be a casualty of the COVID-19 market selloff. We’re going to close it out and take the loss. However, we will look to enter a […]

Trade Entry – GRUB Calendar Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Grubhub / GRUBOption Strategy: Calendar Call SpreadTrade post date: 16 Apr 2020Price at this post: $40.55 Reasoning: GRUB is another good social distancing trade. With an upside target for GRUB of $55, we’re going to utilize a 50 […]

Trade Exit – DOCU Broken Wing Butterfly

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Docusign / DOCUOption Strategy: Broken Wing Butterfly Call SpreadTrade entry date / price: 09 Apr 2020 / $89.30Price at this post: $101.14 Update: DOCU has reached our price target of $101 today, so we’re going to enter in […]

Trade Entry – DOCU Broken Wing Butterfly

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Docusign / DOCUOption Strategy: Broken Wing Butterfly Call SpreadTrade post date: 09 Apr 2020Price at this post: $89.30 Reasoning: Docusign is a social distancing trade. Our upside target for DOCU is $101 and we’re going with a slightly […]

Trade Entry – SLV Diagonal Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: iShares Silver Trust / SLVOption Strategy: Diagonal Call SpreadTrade post date: 06 Apr 2020Price at this post: $13.75 Reasoning: With silver trading at multi-year lows, we’re entering into a delta long position on SLV using a Diagonal Call […]

Trade Adjustment – BP Calendar Call Spread

This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: BP PLC / BPStrategy: Calendar Call SpreadTrade entry date / price: 10 Mar 2020 / $25.90Price at this post: $24.25 Adjustment: Our short calls expired worthless last Friday, enabling us to retain the full premium we collected. We’re […]