Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: [private_monthly] iron condor[/private_monthly]; Price at trade post: $191.39; Reasoning: Putting on an[private_monthly] Iron Condor[/private_monthly] on SPY with February expiring options.. This trade currently has a delta of -0.90, a positive theta of 1.4 and a negative vega of -2.5. This trade has a 81% […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Price at trade post: $100.75 Reasoning: Putting on a [private_monthly]double diagonal[/private_monthly] on IWM with the long legs expiring on the 4th week of February. The Greeks on this trade are: -0.1 delta, 2.3 theta, and -0.2. We’ll look to adjust or exit […]
Stock / Symbol: SPDR Dow Jones Industrial Average / DIA Option Strategy: [private_monthly]double diagonal[/private_monthly]; Price at trade post: $163.75 Reasoning: I’m going to use a [private_monthly]Double Diagonal[/private_monthly] on DIA with a -0.75 delta, a 2.3 theta, and a 3.4 vega. If DIA either trades up to [private_monthly]$168 or down to $159[/private_monthly], we’ll either exit the […]
Stock / Symbol: Apple Inc / AAPL Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $95.76 Reasoning: With the earnings announcement and ex dividend date out of they way, I’m expecting some stability in AAPL for a while. The Greeks for this [private_monthly]iron condor [/private_monthly]on AAPL are: 0.2 delta, 2.0 theta, and -2.8 vega. The […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Trade entry date / price: 14 Dec / $111.06 Price at trade close: $113.30 Reasoning: This trade was put on in order to reduce the short Vega risk from the SPY and DIA iron condors. With this trade up a bit here […]
Stock / Symbol: SPDR S&P 500 ETF / SPY; Option Strategy: iron condor; Trade entry date / price: 14 Dec / $202.15 Price at this post: $205.75; Reasoning: With the trade at 70% of its profit potential, I’m putting in a GTC closing order to capture the gain and take off the risk. This trade’s […]
Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA; Option Strategy: iron condor; Trade entry date / price: 14 Eec / $172.85:\; Price at trade exit: $175.40; Reasoning: With this trade reaching 70% of it’s profit potential, closing it out now to book the win and take the risk off. Current greeks are: […]
Stock / Symbol: iShares Russell 2000 Index / IWM Option Strategy: [private_monthly]double diagonal[/private_monthly] Trade entry date / price: 14 Dec / $111.06 Price at this adjustment: $114. Reasoning: Going to roll the short put in order to capture the profit on it. This adjustment will re-balance the Delta, increase the trade’s Theta, and reduce the […]
Stock / Symbol: Light Sweet Crude Oil Futures, Jan 2016 / CLF16 (/CLF6 in Think or Swim); Option Strategy: iron condor; Trade entry date / price: 2 Dec / $40.40 Price at trade exit: $35.92; Action: Closing out the trade this morning. There is very little risk of the call ending up ITM when the […]
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 […]