This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: iShares Russell 2000 ETF / IWMOption Strategy: Iron CondorTrade entry date / price: 13 Dec 2021 / $215Price at this post: $221.65 Reasoning: In hindsight, I should have taken profits on the additional long 206 put when IWM […]
Stock / Symbol: Activision Blizzard / ATVIStrategy: Bull Put SpreadTrade entry date / price: 03 Nov 2021 / $65.82Price at this post: $69.69 Update / Reasoning: On this position’s entry, my plan was to exit with about an 8% return on risk. With ATVI up over 5.5% from where it was, the position is currently […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Gold Miners ETF / GDXStrategy: Diagonal Call Spread+ Long PutTrade entry date / price: 13 Aug 2021 / $32.80Price at this post: $33.30 Update / Reasoning: With GDX trading right near the sweet spot for the position’s max […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Apple / AAPLOption Strategy: Iron CondorTrade entry date: 27 Sep 2021 / $145Price at this post: $143.71 Update / Reasoning: With AAPL trading pretty close to where it was upon position entry, we’re just about at the sweet […]
Stock / Symbol: Capital One / COFStrategy: Short Butterfly Put SpreadTrade post date: 23 Sep 2021 / $167Price at this post: $166.90 Update / Reasoning: With COF trading essentially where it was upon entry, this position’s P/L is is bit negative at the moment. If COF can manage to remain above $165 thru the end […]
Stock / Symbol: Vuzix / VUZIStrategy: Diagonal Put SpreadTrade entry date / price: 2 Aug 2021 / $14.93Trade exit date / price: 1 Oct 2021 / $10.32Price at this post: $10.36 Update / Reasoning: With essentially zero extrinsic value left in the short 15 strike put, it’s time to throw in the towel on this […]
Stock / Symbol: Square / SQStrategy: Broken Wing Short Butterfly Put Spread / Bear Put SpreadTrade entry date / price: 23 Sep 2021 / $265Price at this post: $243.01 Update / Reasoning: I’m looking to close out this trade for around a 10% return. With SQ down significantly today (-5.8% at the moment), this trade […]
Stock / Symbol: YETI Holdings / YETIStrategy: Bull Put Spread / Put Ratio BackspreadTrade post date: 16 Sep 2021 / $101Price at this post: $88.45 Reasoning: Thanks to yesterday’s adjustment of adding the 2nd long 92.5 put, and with YETI trading in the $88 range, this position is now sitting on a decent profit. I’m […]
Stock / Symbol: Apple / AAPLStrategy: Diagonal Put SpreadTrade entry date / price: 23 Aug 2021 / $148.20Price at this post: $143.20 Update / Reasoning: Today’s big market wide pullback is presenting an opportunity to close out this position for just under a 10% return. The current net position Greeks are: -25.0 Delta, -1.4 Gamma, […]
Stock / Symbol: General Motors / GMStrategy: Diagonal Put SpreadTrade entry date / price: 25 Aug 2021 / $49.80Price at this post: $51.60 Update / Reasoning: Barring a pullback to $50 later today, the open exit order on the put spread isn’t going to fill. While the gain isn’t as much as I’d like, this […]