Stock / Symbol: Russell 2000 / RUT; Option Strategy: butterfly call spread; Trade entry date: Mar 23rd; Update: Got filled on the closing order today at a debit of $0.15. This gets us a 5.35% return in 15 calendar days! Non-members, click here for access
Stock / Symbol: Russell 2000 / RUT; Option Strategy: butterfly call spread; Trade entry date / price: Mar 23rd / $1265; Price at this post: $1244.80; Reasoning: Going to see if we can close out early for about 76% of the trade’s profit potential. Using a GTC order as it may take a few days […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: butterfly call spread; Price at trade post: $1265 Reasoning: I wanted to put on a bear call spread on RUT but with some protection, so I’m using a butterfly call spread. The trade’s greeks are: -2.9 delta, 2.6 theta, and -7.9 vega. The probability of success […]
Stock / Symbol: Netflix / NFLX Option Strategy: [private_monthly]butterfly[/private_monthly]; Price at trade post: $346.50; Reasoning: The street is expecting a +/- move of 43 (or 12%) on Netflix following tonight’s earnings release. I’m going to put on a low risk, high reward bet that it pops 7% on the news. I’m using a [private_monthly]butterfly call […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]butterfly call spread[/private_monthly] Trade entry date / price: Sep 9 / $507 Price at this post: $465 Reasoning: Wow, what a disappointing announcement from Apple. No new innovations, no bigger screen, and a way too expensive “cheaper” iPhone 5C that costs $549 in the US and […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]butterfly call spread[/private_monthly] Price at trade post: $507 Reasoning: Making a play on tomorrow’s Apple event where they’re expected to announce a new version of the iPhone and a cheaper, plastic iPhone. This is an upwardly biased bet so I’m not risking much on this [private_monthly]butterfly […]
Stock / Symbol: Cliffs Natural Resources / CLF; Option Strategy: [private_monthly]butterfly call spread[/private_monthly]; Trade entry date / price : Jun 27 / $16.25; Price at this post: $17..44; Reasoning: At the low end of our price target for CLF and up about 50% on the trade. Going to take profits. Closing Trade Details: STC 2 […]
Stock / Symbol: Cliffs Natural Resources / CLF; Option Strategy: [private_monthly]butterfly call spread[/private_monthly]; Price at trade post: $16.25; Reasoning: Putting a trade on CLF with an upside bias using a [private_monthly]butterfly call spread[/private_monthly]. The probability of success on this trade is just 30% but it’s got a good risk/reward ratio. The greeks on this trade […]