Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $202.15; Reasoning: Putting on an[private_monthly] Iron Condor[/private_monthly] on SPY with January expiring options, with less risk to the upside. This trade currently has a delta of 2.2, a positive theta of 1.4 and a negative vega of […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade post: $111.06 Reasoning: Putting on a [private_monthly]double diagonal on IWM with the short legs expiring in January[/private_monthly]. The Greeks are a delta of 16.2, a positive theta of 4.8 and a vega of 11.8. We’ll look to adjust or […]
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $172.85; Reasoning: Putting on a January expiration [private_monthly]iron condor[/private_monthly] here on DIA. This non-directional trade has a delta of 0.4, a positive theta of 1.8 and a negative vega of -8. The probability of success on […]
Stock / Symbol: Apple Inc / AAPL; Option Strategy: [private_monthly]calendar call spread[/private_monthly]; Trade entry date / price: 27 Apr / $131.55; Price at this adjustment: $113.85; Current Position:[private_monthly] Long 1 AAPL Jan17 125 call Short 1 AAPL DecWk5 125 call for an effective cost of $14.90 per contract[/private_monthly] Adjustment: Taking the trade off ahead of […]
Stock / Symbol: Apple Inc / AAPL; Option Strategy: [private_monthly]calendar call spread[/private_monthly]; Trade entry date / price: 27 Apr / $131.55; Price at this adjustment: $118.36; Current Position:[private_monthly] Long 1 AAPL Jan17 125 call for an effective cost of $15.35 per contract[/private_monthly] Adjustment: Selling another call against the position after the last call we sold […]
Stock / Symbol: Twitter / TWTR; Option Strategy: calendar call spread Trade entry date / price: 1 Apr / $51.00 Price at trade exit: $25.15 Current Position: Long 1 Jan17 40 call at an effective cost of $9.13 per contract Reasoning: Doing what I should have done long time ago. Taking the loss and moving […]
Stock / Symbol: Light Sweet Crude Oil Futures, Jan 2016 / CLF16 (/CLF6 in Think or Swim); Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $40.40; Reasoning: Putting a [private_monthly]iron condor[/private_monthly] on the Jan 2016 Crude oil futures that last trade on Dec 16th. This non-directional trade has a delta of 11.1, a positive theta […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly]bear call spread[/private_monthly]; Trade Entry date / price: 20 Nov / $209.40 Price at trade exit: $209.60; Reasoning: Up 13% on the trade in just over a week. Closing out here to take off the risk on an upside move in the market. Trade […]
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at original trade post: $178.20; Reasoning: Didn’t get filled last week. Cancelling order for now. Non-members, click here for access
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: [private_monthly]iron condor[/private_monthly]; Price at trade post: $178.20; Reasoning: Putting on a December expiration [private_monthly]iron condor[/private_monthly] here on DIA. This non-directional trade has a delta of -5, a positive theta of 1.6 and a negative vega of -8. The probability of success on […]