Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $207.20 Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on SPY. This trade’s greeks are: 6.6 Delta, 5.0 Theta, and 98.6 Vega. We’ll look to adjust / close the trade at either of the upside or downside stops. Trade Details:[private_monthly] BTO 2 SPY […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: Double Calendar; Trade entry date / price: 20 Jan / $100.82; Price at trade exit: $104.91; Reasoning: With the market down again today, and with us finally up on the trade (despite my poor management of it), I’m going to close out the position here. Current […]
Stock / Symbol: PowerShares QQQ / QQQ; Option Strategy: [private_monthly]Double Calendar[/private_monthly]; Trade entry date / price: 20 Jan / $100.82; Price at this adjustment: $106.40; Current position:[private_monthly] Long 2 Apr15 104 puts [/private_monthly] Reasoning: With the market down today, it’s a good time to sell another round of puts against our position. Selling the Mar […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: 20 Jan / $100.82 Price at this adjustment: $108.79 Current position:[private_monthly] Long 2 Apr15 104 puts Short 2 MarWk1 104 puts [/private_monthly] Reasoning: We’ve already managed to capture about 70% of the premium on the current short options. Going […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: 20 Jan / $100.82 Price at this adjustment: $108.32 Current position:[private_monthly] Long 2 Mar15 95 puts [/private_monthly] Reasoning: Well, I sure was wrong about the market pulling back this week. Going to close out the long 95 puts and […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Trade entry date / price: 20 Jan / $100.82 Price at trade post: $103.05 Reasoning: Our short calls and puts expired worthless on Friday, allowing us to collect their full premiums. Up slightly on the call portion of the trade, so I’m closing that […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $100.82 Reasoning: Putting on a [private_monthly]double calendar[/private_monthly] on QQQ using the FebWk1 expiration for the short options. This trade’s greeks are: 6.1 Delta, 3.5 Theta, and 33 Vega. If QQQ is still trading at it’s current price by FebWk1 expiration, we’ll look to […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: Nov 20 / $203.92 Price at this post: $203.09 Reasoning: We got in the trade at $1.91 per contract and, thanks to the volatility increase we were looking for, and can now close for a credit of around […]
Stock / Symbol: SPDR S&P500 ETF / SPY Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $203.92 Reasoning: With volatility at relatively low levels, I’m putting on a [private_monthly]double calendar[/private_monthly] on SPY. This way, in addition to capitalizing on any directional move in the market, we’ll benefit should volatility rise. The greeks going into this […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: Double Calendar Trade Entry date / price: Aug 26 / $99.33 Price at trade post: $99.37 Reasoning: 2.5 weeks gone by, yet we’re at the same darn price. In hindsight, would have been a fabulous iron condor. Going to close this one out here at a […]