Stock / Symbol: General Motors / GMStrategy: Diagonal Put SpreadTrade entry date / price: 25 Aug 2021 / $49.80Price at this post: $50.65 Reasoning: With GM trading near the strike of the position’s short put, I’m going to attempt close out the position for a relatively quick, 6,4% return. On entry, the net position Greeks […]

Stock / Symbol: Nasdaq ETF / QQQStrategy: Calendar Put SpreadTrade entry date / price: 07 Sep 2021 / $380.90Price at this post: $379.55 Update / Reasoning: My standing closing order to exit the position for a 7% return was filled this morning. Trade Exit Order: BTC 2 QQQ 15Sep21 389 callsSTC 2 QQQ 15Sep21 391 […]

Stock / Symbol: iShares Russell 2000 ETF / IWMOption Strategy: Iron CondorTrade entry date / price: 30 Aug 2021 / $226.43Price at this post: $225.40 Reasoning: With IWM essentially at the same level as it was upon entry, this position is already up over 25%. I’m going to see if I can close out this […]

This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLStrategy: Calendar Put SpreadTrade entry date / price: 16 Aug 2021 / $148.95Price at this post: $144.96 Update / Reasoning: With AAPL trading under $145 pre market, my downside target of $145 has been met. I’m […]

This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Dow Jones ETF / DIAStrategy: Bear Call Spread / Iron CondorTrade entry date / price: 12 Aug 2021 / $354.55Price at this post: $353.40 Update / Reasoning: With it looking like we’re now getting the pullback in the […]

Stock / Symbol: Nasdaq ETF / QQQStrategy: Iron CondorTrade entry date / price: 19 Jul 2021 / $353.35Price at this post: $365 Update / Reasoning: On the last adjustment, I didn’t get the breakeven fill I was going for. After the last adjustment, the position was down by $0.21 per contract. I’m just looking to […]

Stock / Symbol: American Airlines / AALStrategy: Bull Put SpreadTrade post date: 02 Jul 2021 / $21.42Price at this post: $21.38 Update / Reasoning: With AAL trading over the $20 strike of short put and with this position’s options expiring this Friday, this position has reached nearly 77% of its profit potential. I’m going to […]

Stock / Symbol: Tesla / TSLAStrategy: Reverse Iron CondorTrade post date: 26 Jul 2021 / $651.50Price at this post: $641.50 Update: Despite a great earnings report and the pennant technical formation, TSLA hasn’t moved enough in either direction yet for this to be a profitable trade (in its current configuration). This position can be adjusted […]

Stock / Symbol: Activision / ATVIStrategy: Vertical Call SpreadPost date / price: 28 Jun 2021 / $94.77Trade entry date / price: 08 Jul 2021 / $92.40Price at this post: $91.05 Update: I’m lowering the exit order limit down to $3.80 from $3.85 Trade Exit Order Adjustment:STC 1 ATVI 30Jul21 85 callBTC 1 ATVI 30Jul21 89 […]