Trade Exit – SPY Vertical Put Spread

Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade entry date / price: 23 Sep 2020 / $323.20Price at this post: $332.46 Update / Reasoning: I was right about a pullback but wrong about how much of one. I was looking at SPY pulling back to its 200 day average at around $310. […]

Trade Entry – SPY Vertical Put Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade post date: 23 Sep 2020Price at this post: $323.20 Reasoning: Putting on a Vertical Put Spread on SPY to bring our overall Delta a bit closer to neutral should the […]

Trade Exit – AAPL Calendar Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Call SpreadTrade entry date / price: 21 Sep 2020 / $104.50Price at this post: $111.60 Reasoning: With AAPL trading right near 110 already, we’re going to close this one out now for a nice, […]

Trade Adjustment – WORK Diagonal Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Slack Technologies / WORKStrategy: Diagonal Call SpreadTrade entry date / price: 14 Aug 2020 / $28.35Price at this post: $25.95 Update / Reasoning: Despite posting pretty good numbers, WORK got hammered following its earnings announcement on Sep 8th. […]

Trade Exit Order – UVXY Calendar Call Spread

Stock / Symbol: Ultra VIX ETF / UVXYStrategy: Calendar Call SpreadTrade entry date / price: 17 Sep 2020 / $19.63Price at this post: $21.45 Reasoning: We’ve gotten our anticipated market pullback. Technically, it looks like the major indices could find support as early as today or tomorrow. With that in mind, we’re going to enter […]

Trade Entry – AAPL Calendar Call Spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Call SpreadTrade post date: 21 Sep 2020Price at this post: $104.15 Reasoning: AAPL is currently trading almost 25% lower than it’s recent high. While it could certainly pull back to its 200 day average […]