Stock / Symbol: Select Sector Spdr Energy ETF / XLEOption Strategy: Calendar Call spreadTrade entry date / price: 06 Sep 2019 / $58.92Price at this post: $60.15 Reasoning: Our upside target of $60 was hit, so we’re entering an order to close the trade for a quick profit. Please note that it will likely take […]

Stock / Symbol: SPDR S&P 500 / SPYOption Strategy: bear call spreadTrade entry date / price: 29 Aug 2019 / $291.32Price at this post: $293.44 Reasoning: Submitting a closing order for our bear call spread on SPY to capture at least 70% of the trade’s profit & reduce the risk of SPY trading over $296 […]

This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: iShares Russell 2000 ETF / IWMOption Strategy: iron condor Trade entry date / stock price: 16 Aug 2019 / $146.61Trade exit date / stock price: 27 Aug 2019 / $147.27 Current Position: Short 2 IWM 30Aug2019 152 callLong […]

Stock / Symbol: Amazon / AMZNOption Strategy: bull put spreadTrade entry date / stock price: 14 Aug 2019 / $1764.05Stock price at this post: $1811.60 Reasoning: We were filled for a credit of $1.05 per contract on the 14th at 12:00 pm PST. Now, we’re going to try to capture around 80% of this trade’s […]

This post is restricted to paying members. To follow are specific trade details: Stock / Symbol: Advanced Micro Devices / AMDOption Strategy: Calendar Call spread / Double Calendar (after adjustment)Trade entry date / price: 06 Aug 2019 / $28.62Price at this post: $33.054 Reasoning: Entering a GTC order to close the position at around 70% […]

Stock / Symbol: Small Cap 3x Bull / TNA Option Strategy: iron condor Trade entry date / price: 19 Jul 2019 / $61.47 Price at this post: $57.80 Reasoning: With TNA trading in-between our short call and puts, we’re going to be able to let those options expire worthless today. We’re going to sell the […]

Stock / Symbol: Skechers / SKE Option Strategy: bear call spreadTrade entry date / price: 22 July 2019 / $39.25Price at exit: $38.38 Reasoning: With our Bear Call Spread at about 85% of the trade’s max profit & with the possibility that today’s Fed action could rise all boats, we’re going to take profits here. […]

To follow is specific trade exit details: Stock / Symbol: Zscaller / ZS; Option Strategy: put calendar spread;Trade Entry Date / Price: May 31, 2019 / $67.70;Price at Trade Exit: $71.06 Reasoning: Upside stop hit at $70. Exiting here for a relatively small loss. Currently, the Greeks are: a negative delta of -8.6, a negative […]

To follow are specific trade exit details: Stock / Symbol: Under Armour / UAA; Option Strategy: put calendar spread;Trade entry date / price: May 21 / $23.65Trade exit date / price: May 29 / $22.82Price at this post: $22.72 Reasoning: With UAA trading down, near our target of $22.50, we’re submitting an exit order to […]