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 […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $144.65 Reasoning: Looking to play both sides of this market, I’m putting on a [private_monthly]double calendar here on DIA. [/private_monthly]This is a delta neutral trade with a delta of 3.2, a positive theta of 2.65 and […]
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 […]
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: $140.20; Current Position:[private_monthly] long 4 DIA Apr13 142 calls short -4 DIA Mar13 142 calls long 4 DIA Apr13 138 puts short -4 DIA Mar13 138 […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA; Option Strategy: [private_monthly]double calendar[/private_monthly]; Trade entry date / price: Feb 13 / $140.20; Price at this post: $138.30; Current Position:[private_monthly] long 4 DIA Apr13 142 calls short -4 DIA Mar13 142 calls long 4 DIA Apr13 138 puts short -4 DIA Mar13 138 puts […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Trade entry date / price: Feb 13 @ $920; Price at this post: $910 Current Position:[private_monthly] Long 1 RUT Mar13 900 put Short -1 RUT FebWk4 900 put Reasoning: Coming into the trade, I had thought that if the RUT pulled back to around […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]calendar spread[/private_monthly]; Price at trade entry: $920; Price at this adjustment: $931; Current Position:[private_monthly] Long 1 RUT Mar13 900 put Short -1 RUT FebWk4 900 put Long 1 RUT Mar13 940 call Short -1 RUT FebWk4 940 call Reasoning: Up about 20% on the call calendar […]
Stock / Symbol: SPDR DOW Jones Industrial Avg ETF / DIA Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade post: $140.20 Reasoning: I’m putting on a [private_monthly]double calendar here on DIA. [/private_monthly]This is a delta neutral trade with a delta of 3.8, a positive theta of 4 and a positive vega of 65. With volatility very […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: double calendar Trade entry date: Oct 17 Price at trade entry: $68.25 Date / Price at adjustment: Oct 25 / $65 Price at this post: $63.55 Reasoning: The drop in volatility has hurt the profitability of this trade. With a 60 delta, going to close out […]
Stock / Symbol: PowerShares QQQ / QQQ Option Strategy: [private_monthly]double calendar[/private_monthly] Price at trade entry: $68.25 Price at this adjustment: $65 Current Position:[private_monthly] Long 4 QQQ Dec12 69 calls Short -4 QQQ Nov12 69 calls Long 4 QQQ Dec12 66 puts Short -4 QQQ Nov12 66 puts Reasoning: With QQQ touching our downside stop, we’re […]