Archives for August 2010

Stock Symbol: [private_monthly]JNJ[/private_monthly] Price at time of Trade: $57.60 Target Price: $60 by Sep expiration Option Strategy: bull put spread – generates a credit trade Risk: low Reward: limited Reasoning:Expect that [private_monthly]JNJ [/private_monthly] will move [Read More …]

Stock Symbol: [private_monthly]MOT[/private_monthly] Price at time of Trade: $7.68 Target Price: $9.00 by Oct expiration Option Strategy: combo (short put / long call) Risk: low / medium Reward: unlimited Reasoning:Expect that [private_monthly]MOT [/private_monthly] will move [Read More …]

Stock Symbol: SPY Trade initiated: Aug 23rd Price at time of trade: $107.61 Target price: 102 to 111 range Price at trade close: $106.86 Price change: 0.70% Our return: +2.62% Strategy: Iron Condor using weekly [Read More …]

For our combo (short put / long call) trade on [private_monthly]Corning (GLW)[/private_monthly] we’re going to add a calendar spread  to help bring our trade to profitability more quickly. Original Strategy: Combo (short put / long [Read More …]

Stock Symbol: [private_monthly]SPY[/private_monthly] Price at time of Trade: [private_monthly]$107.61[/private_monthly] Target Price: [private_monthly]102 to 111[/private_monthly] Strategy: Iron Condor using weekly options which expire on 8/27/10 Risk: lower Reward: limited Reasoning:Expect that [private_monthly]the S&P 500[/private_monthly] is currently [Read More …]

Today we closed our put spread trade on Google: STC – 1 – GOOG Sep 480 put for $23.70 BTC – 1 – GOOG Sep 460 put for $12.70 for a net credit of $11.00. [Read More …]

Stock Symbol: [private_monthly]JDSU[/private_monthly] Price at time of Trade: $10.53 Target Price: $13 Strategy: Call Spread Reasoning:Expect that stock has bottomed here and see it heading back up to 13 within the next 30 to 60 days. [Read More …]

Stock Symbol: [private_monthly]WFC[/private_monthly] Price at time of Trade: $25.75 Target Price: $29 Strategy: Covered Call Reasoning:Expect that stock has bottomed here at $25.55 and see it heading back up to 28 – 29 within the [Read More …]

Stock Symbol: [private_monthly]APPL[/private_monthly] Strategy: Call Spread Reasoning: expect stock to stay in [private_monthly]230 – 270 [/private_monthly] range for next few months. Risk is $12.80 per share to make $7.20 per share or a return of [Read More …]