Trade Adjustment – PTON Reverse Iron Condor

This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: Peloton / PTONStrategy: Reverse Iron CondorTrade post date: 14 Aug 2020 / $64.94Price at this post: $77.40 Reasoning: PTON has moved up 18% since we’ve entered the position. With that, we’re going to take profits on the call […]

Trade Entry – BA Bull Put Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Boeing / BAStrategy: Bull Put SpreadTrade post date: 31 Aug 2020Price at this post: $171.82 Reasoning: With technical support at the 155 level, we’re entering into a Bull Put Spread on BA, using September expiring options. Upon entry, […]

Trade Entry – JNJ Long Put Butterfly

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Johnson & Johnson / JNJStrategy: Long Put ButterflyTrade post date: 28Aug 2020Price at this post: $152.79 Reasoning: Expecting JNJ to continue trading in a tight range, we’re utilizing a Long Put Butterfly on JNJ that expires next week. […]

Trade Entry – DIS Vertical Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Disney / DISStrategy: Vertical Call SpreadTrade post date: 27 Aug 2020Price at this post: $134.93 Reasoning: Technically, DIS appears to be breaking to the upside. Its found strong support at its 17 day MA each day since last […]

Trade Exit – JNJ Put Calendar

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Johnson & Johnson / JNJStrategy: Put CalendarTrade entry date / price: 21 Aug 2020 / $153.44Price at this post: $152.80 Update / Reasoning: With JNJ looking a bit stronger here, we’re going to take a modest profit and […]

Trade Adjustment – UAL Diagonal Call Spread

This post is restricted to paying members. Stock / Symbol: United Airlines / UALOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $38.55Price at this post: $35.35 Update / Reasoning: The 42 strike call we previously sold expired worthless last Friday, enabling us to retain the entire premium we collected and […]

Trade Entry – JNJ Put Calendar

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Johnson & Johnson / JNJStrategy: Put CalendarTrade post date: 21 Aug 2020Price at this post: $153.44 Reasoning: Expecting a slight pullback for the DOW, including JNJ. On this premise, we’re utilizing an Put Calendar on JNJ with the […]

Trade Exit – FB Iron Condor

Stock / Symbol: Facebook / FBStrategy: Iron CondorTrade entry date / price: 19 Aug 2020 / $261.80Price at this post: $269.01 Reasoning: As long as FB finishes the day between $260 and $270, we could allow the position to expire worthless and realize the trade’s full profit potential. However, we’re going to see if we […]