We’ve got four positions with legs that expire today. Here’s what we’re doing / where we stand: Stock / Symbol: Macy’s / M Option Strategy: diagonal call spread Entry date: Jan 20th Price at time [Read More …]

As of January 31st, we’ve closed out 50 trades, 38 of which were winners.  A 76% win rate Start Date: 08/09/10 End Date: 01/31/11 SPX DOW Opening Balance: 10000 1122.8 10654.62 Closing Balance: 11167.46 1286.12 [Read More …]

Stock / Symbol: Amazon / AMZN Price at trade post: $181.44 Option Strategy: call back spread Max Risk: $1,770 (at Mar expiration) Max Reward: unlimited Profit Range: $0 – $181 & $217 + (at Mar [Read More …]

Here’s a summary of our recently closed credit spreads. As we were selling closer to the money options and buying further out of the money options, we wanted the positions to expire worthless… and they [Read More …]

Stock / Symbol: American Express / AXP Option Strategy: diagonal call spread Price at trade post: $43.87 Price at trade closing: $45.84 Max Risk: $764 Max Reward: $351 or 46% by Feb 2011 expiration Profit [Read More …]

Stock / Symbol: [private_monthly]Google / GOOG Price at trade post: $625.93 [/private_monthly] Option Strategy: bear call spread Max Risk: $780 Max Reward: $220 or 28% by Feb 2011 expiration Profit Range: $0 – $662.60 Reasoning: [Read More …]

Stock / Symbol: [private_monthly]Las Vegas Sands / LVS[/private_monthly] Option Strategy: calendar call spread Price at time of trade entry: $50.81 Price at Dec 22 adjustment: $47.39 Price at this adjustment: $46.43 Adjustment: The Jan 52.5 [Read More …]

We’re closing our TSLA put spread here for a credit of $2.20 per contract. The return is about 37.5%. Details to follow

We lowered the credit per contract from $0.42 to $0.40 Stock / Symbol: [private_monthly]JP Morgan / JPM[/private_monthly] Price at trade post: $44.70 Option Strategy: call back spread Max Risk: $780 (at Apr expiration) Max Reward: [Read More …]

Here’s an update on our positions with legs that are due to expire on January 21st: AIXG bull put spread – looking great, we’re going to hold through to January expiration for the full 17.64% [Read More …]