Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]Double Calendar[/private_monthly] Price at trade post: $99.33 Reasoning: Again, looking to capitalize on the very low volatility, I’m going with a [private_monthly]double calendar[/private_monthly] on QQQ to play it. Going with the SepWk2 expiration for the short options. This trade’s greeks are: -1.1 Delta, 0 Theta, and 62 Vega. Trade […]
Stock / Symbol: Tesla Motors / TSLA Option Strategy: double calendar Price at trade entry: $225.75 Price at trade exit: $233.00 Remaining Position: long 1 TSLA AugWk2 245 call short -1 TSLA AugWk1 245 call Reasoning: With Theta negative (at -11), going to close out the remaining call calendar portion of this trade. Closing Trade […]
Stock / Symbol: Tesla Motors / TSLA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $225.75 Reasoning: For TSLA’s earnings announcement on Thursday, the street is expecting a move of +/- 17. To play this, I’m putting on a [private_monthly]double calendar[/private_monthly] with strikes about 20 points OTM. The Greeks currently show a delta of 0.63, […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Trade entry date / price: Feb 19 / $161.27 Price at closing: $164.10 Current position: Long 2 DIA Apr14 165 calls Short -2 DIA MarWk1 165 calls Long 2 DIA Apr14 155 puts Short -2 DIA MarWk1 155 puts for […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: Feb 20 / $114.80 Price at this post: $120.25 Current Position: Long 3 IWM Apr14 110 puts Short -3 IWM Mar14 110 puts Long 3 IWM Apr14 117 calls Short -3 IWM Mar14 117 calls Reasoning: Upside […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Trade entry date / price: Feb 20 / $114.80 Price at this adjustment: $117.65 Current Position:[private_monthly] Long 3 IWM Apr14 110 puts Short -3 IWM Mar14 110 puts Long 1 IWM Apr14 117 call Short -1 IWM Mar14 117 call[/private_monthly]. Adjustment: upside […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $114.80 Reasoning: Putting on an off ratio double calendar to play IWM with a downside bias. I’m looking to exit the trade in about 2 weeks for around a 15% profit. The Greeks currently show a delta of […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: double calendar Price at trade post: $161.27 Reasoning: Putting on a delta neutral trade here on DIA. The Greeks on this DIA double calendar are: delta of 2.4, a positive theta of 1.4 and a positive vega of 56. [private_monthly]PLEASE NOTE: We […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $77.45; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) [/private_monthly] Reasoning: Got a nice bump up in the Russell 2k, allowing […]
Stock / Symbol: Direxion Small Cap Bull 3x / TNA; Option Strategy: [private_monthly]double calendar spread[/private_monthly]; Trade entry date / price: Nov 29 / $75.72; Price at trade adjustment: $67.20; Current Position:[private_monthly] Long 1 TNA Jan14 75.81 call (originally 77, adjusted due to dividend) Long 1 TNA Jan14 66.31 put Short -1 TNA Dec13 66.81 put […]