Trade Adjustment – WFC Covered Call

This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Wells Fargo / WFCStrategy: Bull Put Spread / Covered CallTrade post date: 04 May 2022 / $44.90Price at this post: $41.10 Update / Reasoning: With WFC now up over $3 since my last post, I’m now ready to […]

Trade Exit – TLT Bull Put Spread

Stock / Symbol: iShares 20+ Year Treasury Bond ETF / TLTStrategy: Bull Put SpreadTrade entry date / price: 16 Jun 2022 / $108.30Price at this post: $112.80 Update / Reasoning: I exited this trade this morning for a 9.4% return in 4 trading days. Trade Exit Order:BTC 1 TLT 19Aug22 100 putSTC 1 TLT 19Aug22 […]

Trade Adjustment – WFC Covered Call

This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Wells Fargo / WFCStrategy: Bull Put Spread / Covered CallTrade post date: 04 May 2022 / $44.90Price at this post: $38 Update / Reasoning: With the $42.5 call I sold now worth less than a Nickle, I’m buying […]

Trade Update – TLT Bull Put Spread

This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: iShares 20+ Year Treasury Bond ETF / TLTStrategy: Bull Put SpreadTrade entry date / price: 16 Jun 2022 / $108.30Price at this post: $109.87 Reasoning: My GTC order to sell the 100/95 put spread on TLT was filled […]

Trade Recap – GME Bear Put Spread

Stock / Symbol: GameStop / GMEStrategy: Vertical Put SpreadTrade entry date / price: 03 Jun 2022 / $132.50Trade exit date / price: 13 Jun 2022 / $118 Update: At 8:47am PST on Monday, June 13th, my exit order was filled. Trade Recap:Long 1 GME 15Jul22 155 putShort 1 GME 15Jul22 150 put Entered for a […]

Trade Exit – CRM Bear Put Spread

Stock / Symbol: Salesforce.com / CRMOption Strategy: Diagonal Call Spread + Protective Put SpreadTrade entry date / price: 31 May 2022 / $163.45Price at this post: $161 Update: With CRM’s significant drop today, the protective Bear Put Spread from the Diagonal Call trade is actually worth a little bit today. So, I’m going to sell […]

Trade Entry – TLT Bull Put spread

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: iShares 20+ Year Treasury Bond ETF / TLTStrategy: Bull Put SpreadTrade post date: 14 Jun 2022Price at this post: $108.70 Reasoning: Technically, TLT (20+ Year Treasure Bond ETF) is now extremely oversold. In fact, it hasn’t seen this […]

Trade Exit – GME Bear Put Spread

Stock / Symbol: GameStop / GMEStrategy: Vertical Put SpreadTrade entry date: 03 Jun 2022 / $132.50Price at this post: $119.25 Reasoning: GME is now down about 10% from where it was on this position’s entry. Given the significant of this move, I’m a bit disappointed that the position isn’t more profitable at this point (up […]

Trade Adjustment – WFC Covered Call

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Wells Fargo / WFCStrategy: Bull Put Spread / Covered CallTrade post date: 04 May 2022 / $44.90Price at this post: $40.63 Reasoning: WFC, along with the rest of the market, has gotten pummeled the last 2 days over […]

Trade Recap – BABA Diagonal Call Spread

Stock / Symbol: Alibaba / BABAStrategy: Bull Put Spread / Iron Butterfly / Diagonal Call SpreadTrade entry date / price: 30 Nov 2021 / $130Trade exit date / price: 08 Jun 2022 / $119.28 Update: My exit order filled on Wed, June 8th @ 11:46am PST for a credit of $5.15 per contract. Considering current […]