Stock / Symbol: S&P 500 INDEX / SPXStrategy: Iron CondorTrade entry date / price: 26 Oct 2020 / $3382.76Trade exit date / price: 03 Nov 2020 / $3382.92 Recap: Our exit order filled yesterday at 12:40pm PST. Trade Recap: Short 1 SPX 30Oct20 3550 callLong 1 SPX 30Oct20 3555 callShort 1 SPX 30Oct20 3245 putLong […]
Stock / Symbol: S&P 500 INDEX / SPXStrategy: Iron CondorTrade entry date / price: 26 Oct 2020 / $3382.76Price at this post: $3241 Update: Canceling the exit order and adjusting the position by rolling out the put spread to next Friday’s expiration. Going wider on the spread to enable us to lower the break even […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Beyond Meat / BYNDStrategy: Broken Wing Butterfly Put SpreadTrade post date: 14 Oct 2020Price at this post: $188.30 Reasoning: BYND is technically overbought and likely to pullback to at least its 17 day moving average (approx 172). On […]
This post is restricted to paying members. Stock / Symbol: United Airlines / UALOption Strategy: Diagonal Call SpreadTrade entry date / price: 04 Jun 2020 / $38.55Price at this post: $34.00 Update / Reasoning: The airlines got hit hard yesterday on renewed lockdown fears, including UAL. To give us more time to reach our price […]
This post is restricted to paying members. Stock / Symbol: Microsoft / MSFTStrategy: Long Put Butterfly + Long Call ButterflyTrade entry date / price: 14 Aug 2020 / $208.50Price at this post: $210.15 Reasoning: Going to add a Long Call Butterfly to the position to be able to capitalize should MSFT move higher than our […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Invesco QQQ Trust (Nasdaq ETF) / QQQStrategy: Broken Bear Call SpreadTrade entry date / price: 05 Jul 2020 / $257.45Price at this post: $259.09 Update / Reasoning: With QQQ trading under our short $262 call, we could allow […]
This post is restricted to paying members. To follow are specific position management details: Stock / Symbol: Johnson & Johnson / JNJOption Strategy: Bull Put SpreadTrade entry date / price: 27 Feb 2020 / $141.50Price at this post: $133 Adjustment: We’re going to get back into a put credit spread to gradually work our way […]
This post is restricted to paying members. To follow are specific trade details: Stock / Symbol: Johnson & Johnson / JNJOption Strategy: Bull Put SpreadTrade entry date / price: 27 Feb 2020 / $141.50Price at this post: $122.00 Reasoning: Our position is ITM (in-the-money), so we’re going close it here and look to enter into […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: BP PLC / BPStrategy: Calendar Call SpreadTrade entry date / price: 10 Mar 2020 / $25.90Price at this post: $18.90 Reasoning: Going to add a long 25 strike call to the position to lower the break even point […]
Stock / Symbol: SPDR S&P500 ETF / SPYOption Strategy: iron condor Trade entry date / price: 27 Sep 2019 / $297.62Trade exit date: 11 Oct 2019 (at market close)Price at this post: $297.73 Update: With SPY trading comfortably above our short 286 puts, we’re going to be able to allow this position to expire worthless […]