Stock Symbol: [private_monthly]GLW[/private_monthly] Option Strategy: Combo (short put / long call) Update: Time to turn this trade into a covered call. As our cost basis for our 100 shares of [private_monthly]Corning – GLW[/private_monthly] is $17.70, [Read More …]

Stock Symbol: [private_monthly]GLW[/private_monthly] Option Strategy: Combo (short put / long call) Update: Occasionally, when we’re looking to enter a covered call position, we’ll start off by implementing a combo option strategy which involves the simultaneous [Read More …]

Stock Symbol: WFC Price at time of Trade: $25.75 Target Price: $29 Option Strategy: Covered Call Trade Details: BTO 100 shares for $25.73 per share STO 1 Sep 26 call option for $0.91 Effective Cost [Read More …]

Symbol: MOT Let’s close out our trade on Motorola here: STC (Sell To Close) 1 MOT Oct10 7 Call @ $1.39 $139 BTC (Buy To Close) 1 MOT Oct10 7 Put @ $0.03 ($3) for [Read More …]

Here’s a quick trade to take advantage of the volatility in RIMM options due to their earnings announcement today after close: Buy 4 RIMM SEP10 37.5 PUT $0.08 $32.00 Sell -4 RIMM SEP10 40 PUT [Read More …]

Stock Symbol: [private_monthly]CSTR[/private_monthly] Price at Time of Trade: $41.50 Option Strategy: Calendar Spread Risk: medium Reward: limited Reasoning:Expect that [private_monthly]Coinstar – CSTR[/private_monthly] will move up to at least $50 the end of this year. This [Read More …]

Stock Symbol: [private_monthly]SPX[/private_monthly] Price at time of Trade Open: $1100.34 Target Date: September 17th – September options expiration Target Price: 1040 to 1115 Current Price: $1125 Option Strategy: Iron Condor with September expiration options Reasoning: [Read More …]

Stock Symbol: JDSU Entry date: 8/18/10 Exit date: 9/09/10 Price at time of Trade: $10.53 Price at time of Exit: $10.87 Option Strategy: Call Spread Trade Breakdown: Trade Date | Action | Symbol/Desc. | Qty [Read More …]

Our Iron Condor on the SPX filled today at a credit of $0.65, or a total credit of $130. This sets us up for a nice 14.94% gain by options expiration next Friday.