Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date: Jan 11; Price at trade entry: $880; Price at first adjustment: $884 Price at 2nd adjustment: $895.65 Price at this adjustment: $907 Current Position: [private_monthly] short -1 RUT Feb13 920 calls Long 1 RUT Feb13 930 calls short -2 RUT Feb13 […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Trade entry date: Jan 14; Price at trade post: $146.70; Price at this adjustment: $149.20 Current Position: [private_monthly] Short -6 SPY Feb13 152 calls Long 6 SPY Feb13 155 calls Short -6 SPY Feb13 138 puts Long 6 SPY Feb13 135 […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Correction: [private_monthly]We’re rolling the 820/810 put spread to a 840/830 spread.[/private_monthly] Trade Adjustment Details:[private_monthly] BTC -2 RUT Feb13 820 puts STC 2 RUT Feb13 810 puts STO -2 RUT Feb13 840 puts BTO 2 RUT Feb13 830 puts for a min net credit of […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]iron condor[/private_monthly]; Trade entry date: Jan 11; Price at trade entry: $880; Price at this adjustment: $895.65 Current Position: [private_monthly] short -2 RUT Feb13 920 calls Long 2 RUT Feb13 930 calls short -2 RUT Feb13 820 puts long 2 RUT Feb13 810 puts [/private_monthly] Reasoning: […]
Stock / Symbol: Russell 2000 / RUT; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade entry date: Jan; Price at trade entry: $880; Price at this adjustment: $884; Current Position: [private_monthly] short -2 RUT Feb13 920 calls Long 2 RUT Feb13 930 calls at a net credit of $1.00 per contract. [/private_monthly] Reasoning: I had thought that […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $146.70; Reasoning: With 32 days left till February expiration, we’re putting on an[private_monthly] Iron Condor on SPY to fit between the current standard deviation calculation of +/- 6 from its current price, with a slight downside bias. […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: iron condor Trade entry date: Dec 20 Price at trade entry: $132.90 Price at this post: $133.95 Reasoning: Just 2 weeks into this trade, we’ve already reached 70% of our maximum profit. Time to book a win on the call spread portion of […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: iron condor Trade entry date: Dec 18 Price at trade entry: $144.90 Price at trade exit: $145.10 Reasoning: Closing this position here would bring the Delta of our overall positions closer to even, from -41 up to -7. At this point, we’ve achieved nearly […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $132.90 Reasoning: Between now and January expiration, the standard deviation calculation for DIA puts it in a trading range between [private_monthly]126 to 138.[/private_monthly] This non-directional trade has a delta of -23, a positive theta of 6.5 and […]
Stock / Symbol: SPDR S&P 500 ETF / SPY Option Strategy: [private_monthly] iron condor[/private_monthly] Price at trade post: $144.90 Reasoning: With 31 days left till January expiration, we’re putting on an[private_monthly] Iron Condor on SPY to fit between the current standard deviation calculation of +/- 7 from its current price, with a slight downside bias. […]