Stock / Symbol: S&P 500 Index / SPX Price at trade post: $1274.90 Option Strategy: [private_monthly]iron condor[/private_monthly] Reasoning: This [private_monthly]iron condor on SPX gives us a pretty wide profit range and about a 72% probability [Read More …]
New Trade : RUT
June 1, 2012 By Leave a Comment
Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $740.23 Reasoning: Time to take advantage of the shellacking the market has taken this month. [private_monthly]Putting on a bull [Read More …]
New Trade : PAY
May 31, 2012 By Leave a Comment
Stock / Symbol: Verifone Systems / PAY Option Strategy: [private_monthly]bull put spread[/private_monthly] Price at trade post: $35.48 Reasoning: Looking to take advantage of a nearly 37% drop in PAY’s stock price from it’s recent high. [Read More …]
New Trade : EMC
May 25, 2012 By Leave a Comment
Stock / Symbol: E M C Corp / EMC Price at trade post: $24.36 Option Strategy: [private_monthly]vertical call spread[/private_monthly] Reasoning: EMC, which offers enterprise storage systems and software and also owns an 80% stake in [Read More …]
Closing Trade : MCD
May 25, 2012 By Leave a Comment
Stock / Symbol: McDonalds / MCD Option Strategy: [private_monthly]calendar spread[/private_monthly] Trade entry date: Apr 25 Price at trade entry: $94.95 Price at 1st adjustment: $97.85 Price at this post: $91.48 Current Position: [private_monthly] Long 5 [Read More …]
Closed Trade Analysis : SSO
May 21, 2012 By Leave a Comment
Stock / Symbol: ProShares Ultra S&P 500 / SSO Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date: Apr 23 Trade exit date: May 19 Price at trade entry: $54.96 Price at trade exit: $49.32 Position Details: [Read More …]
Closed Trade Analysis : WLT
May 21, 2012 By Leave a Comment
Stock / Symbol: Walter Energy / WLT Option Strategy: [private_monthly]butterfly call spread[/private_monthly] Trade entry date: May 7 Price at trade entry: $63.30 Price at trade exit: $49.24 Position Details: [private_monthly] Short -3 WLT May12 60 [Read More …]
Closing Trade : WPRT
May 17, 2012 By Leave a Comment
Stock / Symbol: Westport Innovations Inc. / WPRT Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date: May 8 Price at trade entry: $28.09 Price at this post: $24 Reasoning: WPRT hit the trade’s downside breakeven point [Read More …]
New Trade : BTU
May 16, 2012 By Leave a Comment
Stock / Symbol: Peabody Energy Corp / BTU Price at trade post: $25.10 Option Strategy: [private_monthly]iron condor[/private_monthly] Reasoning: Following Patriot Coal’s announcement of lower sales volume due to a default by a key customer, pretty [Read More …]
New Trade : AAPL
May 16, 2012 By Leave a Comment
Stock / Symbol: Apple / AAPL Price at trade post: $552 Option Strategy: [private_monthly]iron condor[/private_monthly] Reasoning: Post earnings, we’re expecting AAPL to settle down for a while. [private_monthly]This iron condor trade bets that AAPL doesn’t [Read More …]
