This post is restricted to paying members. To follow are specific trade adjustment details: Stock / Symbol: S&P 500 ETF / SPYStrategy: Iron CondorTrade entry date / price: 28 Jun 2021 / $426.24Price at this post: $432.35 Update / Reasoning: With the options expiring today, I’m rolling the bear call out to next Friday. With […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Micron TechnologyStrategy: Vertical Call SpreadTrade entry date / price: 02 Jul 2021 / $79.62Price at this post: $80.60 Update / Reasoning: Entering in the GTC exit order now, structured to capture a 12% return from the trade. The […]
Stock / Symbol: Russell 2000 ETF / IWMStrategy: Calendar / Diagonal Put SpreadTrade entry date / price: 13 May 2021 / $217Price at this post: $226 Update/Reasoning: Selling a further OTM put against the long put in order to bring the position Theta back to positive. After this adjustment, the Greeks on this position will […]
Stock / Symbol: QuantumScape / QSStrategy: Vertical Call SpreadTrade entry date / price: 10 Jun 2021 / $29.79Trade exit date / price: 28 Jun 2021 / $29.20 Recap: Our open exit order on the ITM Vertical Call spread on QS filled at the beginning of last week, yielding a 16.7% return. This is yet another […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Micron TechnologyStrategy: Vertical Call SpreadTrade post date: 02 Jul 2021Price at this post: $79.62 Reasoning: While MU has dropped 6.5% following its earnings announcement this week, I think it was a good report and I’m seeing technical support […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: American Airlines / AALStrategy: Bull Put SpreadTrade post date: 02 Jul 2021Price at this post: $21.42 Reasoning: In April, AAL found support at around $20. With AAL pulling back from its recent highs, I’m expecting the stock to […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 ETF / SPYStrategy: Iron CondorTrade entry date / price: 28 Jun 2021 / $426.24Price at this post: $429.50 Update / Reasoning: As expected, this position needs to be adjusted to avoid a loss. Since I’m unable […]