Stock / Symbol: [private_monthly]American Express / AXP [/private_monthly] Open Trade Order: [private_monthly] STO 2 AXP AugWk4 (exp 8/26) 45 Calls for a credit of $0.88 per contract [/private_monthly] New Trade Details: [private_monthly] BTO 2 AXP [Read More …]
Archives for 2011
Trade Update : covered strangle
August 22, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Cheniere Energy / LNG [/private_monthly] Option Strategy: covered strangle Trade entry date: July 18th Price at trade entry: $9.85 Price at this post: $7.15 Current Position: [private_monthly] Long 200 shares of LNG [Read More …]
Trade Adjustment / New Trade : calendar call spread w/ protective call
August 22, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]American Express / AXP [/private_monthly] Option Strategy: calendar call spread w/ protective call Trade entry date: Aug 15th Price at trade entry: $45.87 Price at this post: $45 Current Position: [private_monthly] Long [Read More …]
Trade Update: diagonal call spread
August 19, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Freeport-McMoran / FCX [/private_monthly] Option Strategy: diagonal call spread Original Trade entry date: Apr 19th Price at original trade entry: $51.68 Price at this post: $42.81 Position:[private_monthly] Long 1 FCX Nov11 50 [Read More …]
Position Updates
August 19, 2011 By Leave a Comment
Updates for positions with legs expiring today. More to come. [private_monthly] Stock / Symbol: [private_monthly]Cheniere Energy / LNG [/private_monthly] Option Strategy: covered strangle Trade entry date: July 18th Price at trade entry: $9.85 Price at [Read More …]
Trade Adjustment : diagonal call spread
August 19, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Pan American Silver / PAAS [/private_monthly] Option Strategy: diagonal call spread Trade entry date: March 18th Price at trade entry: $34.81 Price at this adjustment: $30.57 Current Position:[private_monthly] Long 2 PAAS Oct11 [Read More …]
Closing Trade : Market Hedge
August 15, 2011 By Leave a Comment
Stock / Symbol: iPath S&) 500 VIX Short-Term Futures / VXX Option Strategy: diagonal call spread Trade entry date: Mar 24 Price at trade entry: $30.66 Price at this post: $32.50 Current Position: Long 1 [Read More …]
New Trade : calendar call spread w/ protective call
August 15, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]American Express / AXP [/private_monthly] Price at trade post: $45.87 Option Strategy: calendar call spread w/ protective call Reasoning: [private_monthly]AXP[/private_monthly] is fundamentally sound and has recently moved off of it’s lows. We [Read More …]
New Trade : diagonal call spread
August 12, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]United States Oil Fund / USO[/private_monthly] Price at trade post: $33.60 Option Strategy: diagonal call spread Max Risk: $910 Max Reward: $356 or 39% by Sep 2011 expiration Profit Range: $31.30 + [Read More …]
New Trade : calendar call spread + protective call
August 10, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Johnson & Johnson / JNJ [/private_monthly] Price at trade post: $61.62 Option Strategy: calendar call spread w/ protective call Reasoning: [private_monthly]JNJ[/private_monthly] does not historically have drastic moves, and has weathered a series [Read More …]
