This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Invesco Solar ETF / TANStrategy: StrangleTrade post date: 18 May 2023Price at this post: $70.35 Reasoning: TAN, a solar sector ETF, has traded in a range of $65 to $85 for a year now. Typically, with a stagnant […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: BioTech ETF / XBIAdjusted Strategy: Call Ratio SpreadTrade entry date / price: 02 Feb 2023 / $91.75Price at this post: $87.85 Update / Reasoning: I’m interpreting today’s move as a signal that XBI’s current uptrent will further continue. […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: BioTech ETF / XBIAdjusted Strategy: Bear Call SpreadTrade entry date / price: 02 Feb 2023 / $91.75Price at this post: $85.10 Update / Reasoning: With the long call nearly worthless, and with XBI appearing to have hit a […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Small Cap Bull 3x / TNAOption Strategy: Diagonal Call SpreadTrade post date: 11 May 2023Price at this post: $28.80 Reasoning: With the Russel 2000 establishing longer term support over the past two months, I’m putting on a Delta […]
Stock / Symbol: S&P 500 ETF / SPYStrategy: StrangleTrade post date: 01 May 2023 / $416.30Price at this post: $404.20 Update / Reasoning: With the position up by over 40%, I’m taking profits here. The current net position greeks are: -14.9 Delta, 1.2 Gamma, -9.9 Theta, and 81.41 Vega. Trade Exit Order:STC 1 SPY 21Jul23 […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: S&P 500 ETF / SPYStrategy: StrangleTrade post date: 01 May 2023Price at this post: $416.30 Reasoning: SPY’s implied volatility (IV) is relatively low ahead of the FOMC statement scheduled for this week. On the premise that the market […]
Stock / Symbol: Nvidia/ NVDAStrategy: Broken Wing Butterfly Put SpreadTrade post date: 13 Apr 2023 / $267.58Price at this post: $286 Reasoning: Upside stop triggered. Closing out this trade for a loss. Trade Exit Order:STC 1 NVDA 19May23 260 putBTC 2 NVDA 19May23 250 putsSTC 1 1 NVDA 19May23 245 put For a min net […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Uber Technologies / UBERStrategy: StrangleTrade post date: 25 Apr 2023 / $29.82Price at this post: $32.60 Update / Reasoning: With UBER’s 2.5+ point move up, the value of the call is now greater the then cost of the […]