Stock / Symbol: S&P 500 ETF / SPYStrategy: Vertical Put SpreadTrade entry date / price: 12 Jan 2020 / $379.10Price at this post: $380.75 Reasoning: Technically, SPY has reversed course is now indicating that it could continue higher for a while longer. So, rather than hope it works out, I’m just going to admit the […]
Stock / Symbol: Turtle Beach / HEARStrategy: Diagonal Call SpreadTrade entry date: 11 Jan 2021 / $20.70Price at this post: $22.46 Update: With HEAR trading up and over the strike of our short leg of this Diagonal Call Spread, we’re going to enter in our exit order now. This position’s current Greeks are: -10.5 Delta, […]
Stock / Symbol: Twitter / TWTRStrategy: Put Calendar SpreadTrade entry date / price: 04 Jan 2021 / $54.50Price at this post: $50.80 Update / Reasoning: TWTR, just a handful of trading days from our position entry, has traded 6% lower already. Thus, our put calendar spread is currently up over 25%. I’m going to enter […]
Stock / Symbol: BP PLC / BPStrategy: Calendar Call SpreadTrade entry date / price: 10 Mar 2020 / $25.90Price at this post: $24.14 Reasoning: With BP finally recovering from the lows back in October, our open position is back in the black. Thanks to numerous calls we sold along the way, we’re now sitting on […]
Stock / Symbol: Russell 2000 / RUTStrategy: Bear Call Spread / Broken Wing Iron Condor Trade entry date / price: 08 Dec 2020 / $1907 Price at this post: $2057 Reasoning: Upside stop hit. Closing -7.4 Delta, 16.0 Theta, and -0.3 Theta. Trade Exit Order:BTC 1 RUT 08Jan21 2050 callSTC 1 RUT 08Jan21 2060 call […]
Stock / Symbol: DOW Index ETF / DIAStrategy: Iron CondorTrade entry date / price: 21 Dec 2020 / $298.59Price at this post: $300.84 Update / Reasoning: With DIA trading between the strikes of our short legs and the contracts expiring tomorrow, I’m going to enter in a closing order now in an attempt to capture […]
Stock / Symbol: NIO Limited / NIOStrategy: Calendar Call SpreadTrade entry date / price: 16 Dec 2020 / $44.84Price at this post: $49.10 Update: With NIO hitting our price target today, I’m adjusting the exit order down a bit to get filled sooner. The current Greeks on this position are: 0 Delta, 8.4 Theta, and […]
Stock / Symbol: NIO Limited / NIOStrategy: Calendar Call SpreadTrade entry date / price: 16 Dec 2020 / $44.84Price at this post: $47.71 Update: With NIO trading up and getting closer to the low end of our price target ($49 to $51), I’m going to enter the GTC exit order now. The order likely won’t […]
Stock / Symbol: Facebook / FBStrategy: Reverse Iron CondorTrade entry date / price: 27 Nov 2020 / $278.50Trade exit date / price: 17 Dec 2020 / $276.15 Reasoning: Downside stop hit. Exiting the position here for a loss. This is a painful reminder of how difficult it is to pick a direction. Trade Exit Order: […]
Stock / Symbol: S&P 500 / SPXStrategy: Bull Put SpreadTrade entry date / price: 14 Dec 2020 / $3673Price at this post: $3716 Correction: I had incorrectly stated to STO / BTO on the exit order. Obviously, it should have been BTC / STC Corrected Trade Exit Order:BTC 1 SPX 18Dec20 3595 putSTC 1 SPX […]