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 […]
This post is restricted to paying members. To follow is specific new trade details: Stock / Symbol: Trip Advisor / TRIPOption Strategy: put calendar spreadTrade entry date / price: 19 Sep 2019 / $40.85Price at this adjustment: $38.55 Update / Adjustment: TRIP pulled back a bit more than expected, down to the 38 range. With […]
This post is restricted to paying members. To follow are specific new trade details: Stock / Symbol: ROKUOption Strategy: bull put spreadPrice at trade post: $102 Reasoning: Taking advantage of the recent big drop of ROKU, after an analyst hit it with a “sell” rating, with a bull put spread utilizing October expiring options. This […]
Stock / Symbol: Small Cap 3x Bull / TNA Option Strategy: Calendar Call spreadTrade entry date / stock price: 06 Aug 2019 / $53.95 Trade exit date / stock price: 24 Sep 2019 / $57.94 Reasoning: TNA has moved down near our target price of $57 since our last adjustment, enabling us to exit this […]
Stock / Symbol: Direxion Financial Bull ETF / FASOption Strategy: Bear Call spreadTrade entry date / price: 13 Sep 2019 / $79.92Trade exit date / price: 20 Sep 2019 / $78.69 Reasoning: This trade is already at about 80% of it’s profit potential, so we’re going to take our profits now. Closing Trade Details: BTC […]
Stock / Symbol: SPDR S&P 500 / SPYOption Strategy: bear call spreadTrade entry date / price: 29 Aug 2019 / $291.32Price at this post: $299.80 Reasoning: Got assigned on our short 296 strike calls. Going to just close out the trade here and look to enter into a fresh bear call spread on SPY. Current […]
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 adjustment: $7.25 Adjustment: Rolling our long call to a further out expiration and selling a weekly 9 strike call. We’re going to let the Sep 20th 9.5 […]
This post is restricted to paying members. To follow are specific active trade details: Stock / Symbol: Small Cap 3x Bull / TNA Option Strategy: Calendar Call spreadTrade entry date / stock price: 06 Aug 2019 / $53.95Stock price at this adjustment: $60.85 Update / Adjustment: The Sep 20th expiration 57 strike call we sold […]