Stock / Symbol: Gold Miners 3x bear / DUSTOption Strategy: diagonal call spreadTrade entry date / price: Price at trade post: 29 Jul 2019 / $8.82Price at this post: $8.29 Update: with our long call expiring in 16 days, we’re going to take our lumps on this trade and sell it and exit the position. […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: Netflix / NFLXOption Strategy: bull put spreadTrade entry date / price: 16 Oct 2019 / $284 Reasoning: With volatility high heading into this afternoon’s earnings release, we’re going to capitalize on the volatility using a credit spread. Upon […]
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 […]
Stock / Symbol: Trip Advisor / TRIPOption Strategy: put calendar spread / diagonal call spreadTrade entry date / price: 19 Sep 2019 / $40.85Price at this post: $39.67 Update / Adjustment: With TRIP trading closer to our target of $41, and 35 days till our long call expires, we’re going to take profits here. The […]
Stock / Symbol: ROKUOption Strategy: bull put spreadTrade entry date / price: 27 Sep 2019 / $102Trade exit date / price: 08 Oct 2019 / $108.26 Update: Although there are still 10 days until our short put expires, our position has realized over 85% of it’s profit potential. So, we’re going to close the position […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: First Solar / FSLR;Option Strategy: diagonal call spread;Price at trade post: $57.65; Reasoning: FSLR looks to have found support at its 200 day moving average and we’re expecting a bounce back up to its 50 day average, so […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: MUOption Strategy: bull put spreadTrade entry date / price at trade post: 2 Oct 2019 / $42.15 Update: We actually got filled (at 9:22am PST) shortly after posting the trade entry for this MU position. With our position […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: MUOption Strategy: bull put spreadPrice at trade post: $42.38 Reasoning: Expecting MU to find support at its 50 day moving average, we’re putting on a bull put spread utilizing October expiring options. Upon entry, the Greeks will be: […]
Stock / Symbol: SPDR S&P500 ETF / SPYOption Strategy: iron condor Trade entry date / price: 27 Sep 2019 / $297.62Price at this adjustment: $287.57 Reasoning: With SPY gapping down today, we have an opportunity to close out the call spread portion of our position for close to its full profit potential. Our position’s current […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: SPDR S&P500 ETF / SPYOption Strategy: iron condor Trade entry date / price: 27 Sep 2019 / $297.62 Reasoning: With SPY in a technically neutral position, we’re going to put an iron condor on SPY utilizing Oct 11th […]