Closing Trade : SODA

Stock / Symbol: SodaStream / SODA Option Strategy: calendar put spread Trade entry date / price: Jun 12 / $72.50 Price at this post: $71.25 Reasoning: SODA is down just 2% from our entry point but our trade is up about 25%! Current Greeks are: -6.2 Delta, 3.9 Theta, and 9 Vega. I’m going to […]

Order Correction : SODA

Correction: Selling the July option, not the June. Trade Details: [private_monthly] BTO 1 SODA Oct13 67.5 Put STO -1 SODA Jul13 67.5 Put for a max net debit of $4.40 per contract (day order, limit order). Mid is currently at $4.25. Ok to try again tomorrow if not filled. [/private_monthly]

New Trade : SODA

Stock / Symbol: SodaStream / SODA Price at trade post: $72.50 Option Strategy: [private_monthly]calendar put spread[/private_monthly] Reasoning: Great company, just expecting a bit of a pullback in SODA. Using a [private_monthly]put calendar[/private_monthly] with the following Greeks: -5.6 Delta, 3.0 Theta, and 8.3 Vega. The longer it takes for SODA to get to our downside stop […]

Closing Trade : SPY

Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar spread[/private_monthly] Trade entry date / price at trade post: Apr 18 / $154.50 Price at this post: $159.59 Current Position: Long 2 Jun13 150 puts Long 2 Jun13 159 calls Reasoning: While the addition of the 159 call calendar has significantly dampened the […]

Trade Adjustment : SPY

Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]put calendar spread[/private_monthly] Trade entry date / price at trade post: Apr 18 / $154.50 Price at this adjustment: $157.60 Reasoning: Adding a call calendar to smooth out the greeks. Current greeks are: -43.67 delta, -3.3 theta, and 37.3 vega. With the addition of the […]

New Trade : SPY

Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]put calendar spread[/private_monthly] Price at trade post: $154.50 Reasoning: Putting on a bearish trade on the S&P with a [private_monthly]put calendar[/private_monthly] on SPY. The greeks going into this trade are: -33 delta, 7.7 theta, and 35 vega. Using weeklies on the short puts, with the […]

Trade Adjustment : TNA

Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [/private_monthly]put calendar; Trade entry date / price: Mar 18 / $88.30; Price at this adjustment: $88.20; Reasoning: Put this trade on with a downside directional bias. With the Russell 2k / TNA virtually unchanged since our entry, going to adjust the postion to […]

New Trade : TNA

Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]calendar[/private_monthly]; Price at trade post: $88.30; Reasoning: I’m looking at directional trade on the Russell, betting on a small 2% pullback. TNA ia a supercharged way to play the Russell. If RUT is down 2%, TNA will be down 6%. I’m putting on […]

Closing Trade : DIA

Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: [private_monthly]double calendar (originally)[/private_monthly]; Trade entry date / price: Feb 13 / $140.20; Price at this post: $142.70; Current Position:[private_monthly] long 3 DIA Apr13 135 puts short -3 DIA Mar13 135 puts Reasoning: Upside stop hit on the trade.  Closing out for a […]

Order Update : QQQ

Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Calendar Put Spread[/private_monthly] Price at trade post: $67.62 Update: Didn’t get filled yesterday. Not renewing order for today. Market wants to go higher, going to let it. Non-members, click here for access