Trade Adjustment : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Trade entry date / price: 29 Feb / $166.44 Price at trade post: $175.55 Reasoning: The call leg of this trade is ITM. Closing it out now. We’ll look to add to this position early next week. Trade Adjustment Details:[private_monthly] STC […]

Trade Adjustment : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]double diagonal[/private_monthly]; Trade entry date / price: 29 Feb / $195.45 Price at trade adjustment: $204.25; Current Position:[private_monthly] Long 1 SPY MarWk4 203 call Long 1 SPY MarWk4 184 put Short -1 SPY Mar16 202 call Short -1 SPY Mar16 186 put [/private_monthly] Reasoning: […]

New Trade : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $195.45; Reasoning: Putting on an uneven [private_monthly] double diagonal[/private_monthly] on SPY with March expiring options for the short legs. This trade currently has a delta of -0.4, a positive theta of 2.2 and a positive vega of 1.4. […]

New Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $166.44 Reasoning: Putting on a [private_monthly]Double Diagonal[/private_monthly] on DIA with a -1.5 delta, a 1.5 theta, and a 2.0 vega. If DIA either trades up to [private_monthly]$173 or down to $158[/private_monthly], we’ll either exit the trade or […]

Closing Trade : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: double diagonal; Trade entry date / price: 4 Feb / $100.75 Price at trade exit: $100.45; Reasoning: The short strikes on this double diagonal on IWM are expiring today so we’re closing this (slightly positive) trade. The Greeks are currently: -6.1 delta, 5.3 theta, […]

Closing Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: double diagonal; Trade entry date / price: 4 Feb / $163.75; Price at trade post: $165.20 Reasoning: With our short strikes expiring tomorrow, time to close out the trade for a slight gain. Current Greeks are: -0.47 delta, 1.6 theta, 7.6 vega. Closing […]

New Trade : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade post: $100.75 Reasoning: Putting on a [private_monthly]double diagonal[/private_monthly] on IWM with the long legs expiring on the 4th week of February. The Greeks on this trade are: -0.1 delta, 2.3 theta, and -0.2. We’ll look to adjust or exit […]

New Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $163.75 Reasoning: I’m going to use a [private_monthly]Double Diagonal[/private_monthly] on DIA with a -0.75 delta, a 2.3 theta, and a 3.4 vega. If DIA either trades up to [private_monthly]$168 or down to $159[/private_monthly], we’ll either exit the […]

Closing Trade : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Trade entry date / price: 14 Dec / $111.06 Price at trade close: $113.30 Reasoning: This trade was put on in order to reduce the short Vega risk from the SPY and DIA iron condors. With this trade up a bit here […]

Trade Adjustment : IWM

Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Trade entry date / price: 14 Dec / $111.06 Price at this adjustment: $114. Reasoning: Going to roll the short put in order to capture the profit on it. This adjustment will re-balance the Delta, increase the trade’s Theta, and reduce the […]