Stock / Symbol: Altria / MO Option Strategy: diagonal call spread adjustment Date of trade open: March 3rd Price at trade entry: $25.40 Price at trade exit: $25.95 Max Risk: $48 Max Reward: unlimited Realized [Read More …]
Closing Trade – bear call spread
Stock / Symbol: Exelon / EXC Option Strategy: bear call spread Date of trade open: March 14th Price at trade entry: $42.70 Price at trade exit: $40.31 Max Risk: $450 Max Reward: $150 or 33% [Read More …]
Trade Adjustment – calendar to diagonal call spread
Stock / Symbol: [private_monthly]Apache / APA [/private_monthly] Original Option Strategy: diagonal call spread, later modified to calendar call spread Entry date: Jan 14th Price at time of trade entry: $124.57 Price at this adjustment: $123 [Read More …]
Position Updates
Updates for positions with legs expiring today: Stock / Symbol: United States Oil Fund / USO Option Strategy: diagonal call spread Entry date: Jan 7th Exit date: Mar 16th Price at trade entry: $37.59 Price [Read More …]
Trade Updates
Stock / Symbol: United States Oil Fund / USO Option Strategy: diagonal call spread Date trade entered: Jan 7th Price at trade entry: $37.57 Current Profit / Loss: $423 or 59% Max Reward: $603 with [Read More …]
Trade Adjustment – Altria
Stock / Symbol: [private_monthly]Altria Group / MO [/private_monthly] Option Strategy: diagonal call spread Date of trade entry: Feb 1 Price at trade entry: $23.61 Price at 2nd adjustment: $25.40 Price at this adjustment: $25.07 Adjustment: [Read More …]
Trade Adjustment – bear call spread
Stock / Symbol: [private_monthly]iShares FTSE China 25 Index Fund / FXI[/private_monthly] Option Strategy: bear call spread Trade entry date: Feb 10 Price at trade entry: $41.37 Price at this adjustment: $44.18 Reasoning: With [private_monthly]FXI[/private_monthly] trading [Read More …]
Trade Closed – PAY calendar call spread
Stock / Symbol: Verifone Systems / PAY Option Strategy: calendar call spread Price at trade post: $41.81 Price at trade close: $49.29 Max Risk: $442 Realized Reward: $103 or 23% (before commissions) Reasoning: On a [Read More …]
Sell order entered on PAY calendar call spread
We’re entering a sell limit order on our PAY position for a net credit of $5.45. This is a day order. If we don’t get filled, we’ll reassess the trade on Monday. Trade Details: STC [Read More …]
Trade Adjustment – diagonal call spread
Stock / Symbol: [private_monthly]Altria Group / MO [/private_monthly] Option Strategy: diagonal call spread Date of trade entry: Feb 1 Price at trade entry: $23.61 Price at this adjustment: $25.40 Adjustment: The stock is doing great [Read More …]