New Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Price at trade post: $1161 Reasoning: With this pullback in the market, I’m putting on a [private_monthly]bull put spread[/private_monthly] on RUT. With an expected deviation of[private_monthly] +/- 83 points between now and January expiration, I’m selling the [private_monthly]1070 puts and covering with the […]

Closing Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: bull put spread; Trade entry date / price: Aug 12 / $1141.93 Price at trade exit: $1155.28 Reasoning: Our bull put spread on RUT is already up over 7% after just a few days. No sense in waiting another 30 days or so for the last […]

New Trade : RUT

Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Price at trade post: $1141.93 Reasoning: With 38 days till September expiration, I’m putting on a [private_monthly]bull put spread[/private_monthly] on RUT. We have an expected deviation of[private_monthly] +/- 69 points between now and Sep expiration. I’m going to be a little more conservative […]

Trade Adjustment : SPX

Stock / Symbol: S&P500 Index / SPX Option Strategy: bull put spread Trade entry date / price: Jan 23 / $1822 Price at this adjustment: $1755 Current Position: [private_monthly] Short -2 SPX Feb14 1680 puts Long 2 SPX Feb14 1670 puts at a net credit of 0.50 [/private_monthly] Reasoning: With this position at risk and […]

Order Adjustment : SPX

Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $1807 Adjustment: Didn’t get filled yesterday. Lowering strikes and re-submitting the order. The trade’s greeks are now: 2 delta, 3.3 theta, and -14 vega. Setting a downside stop at [private_monthly]1762[/private_monthly], where we’ll either exit or adjust. Trade Details: [private_monthly] […]

New Trade : SPX

Stock / Symbol: S&P500 Index / SPX Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $1822 Reasoning: Today’s market decline is pushing up volatility, providing us with a nice opportunity for a bull put spread on SPX with February expiration options. Although the Standard deviation is[private_monthly] +/- 72[/private_monthly], I’m giving some more room to […]

Closing Trade : TNA

Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Trade entry date / price: Aug 16 / $54.60 Price at this post: $56.59 Reasoning: As of this morning, we’ve captured about 70% of the potential profit on this trade and we’re up over 8%. Going to book the win […]

New Trade : TNA

Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]bull put spread[/private_monthly]; Price at trade post: $54.60 Reasoning: With TNA trading near its 50 day moving average, and down over 10% from its recent highs, going to put on a bullish trade. I am however taking the downside standard deviation calculations into […]

Closing Trade : AAPL

Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]bull put spread[/private_monthly] Trade entry date / price: Dec 7 @ $543 Adjustment date / price: Dec 14 @ $515 Price at trade close: $526 Reasoning: Current position has achieved 95% of potential profitability. Booking the win now to take off the downside risk. While it […]

Closing Trade : QQQ

Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: put spread Price at trade post: $64.20 Price at trade exit: $66.97 Reasoning: Upside stop triggered. Closing Trade Details: STC 1 QQQ Jan13 65 put BTC -1 QQQ Jan13 61 put at the market. If you like, try for a limit of the mid – 0.01.(day […]