Stock / Symbol: [private_monthly]S&P 500 INDEX / SPX [/private_monthly] Price at trade post: $1363.50 Option Strategy: bear call spread Reasoning: This trade has a 91.80% probability of success. Additionally, we think that the market is [Read More …]
Archives for April 2011
Closing Trade – APA diagonal call spread
April 29, 2011 By Leave a Comment
Stock / Symbol: Apache / APA Option Strategy: diagonal call spread Entry date: Jan 14th Price at time of trade entry: $124.57 Reasoning: We’re entering a closing order here for our trade on APA. We’re [Read More …]
Trade Adjustment – diagonal call spread
April 27, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Apache / APA [/private_monthly] Option Strategy: diagonal call spread Entry date: Jan 14th Price at time of trade entry: $124.57 Price at this adjustment: $126 Current Position:[private_monthly] Long 1 APA Jul 125 [Read More …]
Trade Adjustment – diagonal call spread
April 27, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Broadcom / BRCM [/private_monthly] Option Strategy: diagonal call spread Trade entry date: Feb 24 Price at trade entry: $40.56 Price at this adjustment: $35.50 Adjustment: [private_monthly]BRCM[/private_monthly] is down on it’s earnings announcement [Read More …]
New Trade – call ratio backspread
April 21, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Corning / GLW[/private_monthly] Price at trade post: $20.33 Option Strategy: call ratio backspread Max Risk: $324 Max Reward: unlimited Max Loss at: $21 by Jun expiration Profit Range: $22.08 + Reasoning: Strong [Read More …]
New Trade – diagonal call spread w/ protective put
April 21, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Visa / V [/private_monthly] Price at trade post: $77.82 Option Strategy: diagonal call spread Max Risk: $756 Max Reward: $184 (24%) at $80 or unlimited under $66 by May 2011 expiration Profit [Read More …]
New Trade – call ratio backspread
April 19, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Freeport-McMoran / FCX [/private_monthly] Price at trade post: $51.35 Option Strategy: call ratio back spread Max Risk: $896 @ $55 (at Jun expiration) Max Reward: unlimited Profit Range: $0 – $50 & [Read More …]
Additional Position Updates
April 15, 2011 By Leave a Comment
Updates for positions with legs expiring today: Stock / Symbol: CROCS / CROX Option Strategy: call spread risk reversal Entry date: Mar 2nd Adjustment date: Apr 5th (closed call spread) Price at trade entry: $17.31 [Read More …]
Trade Adjustment – diagonal call spread
April 15, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Broadcom / BRCM [/private_monthly] Option Strategy: diagonal call spread Trade entry date: Feb 24 Price at trade entry: $40.56 Price at this adjustment: $38.12 Adjustment: With most of the premium out of [Read More …]
Closing Trade – TSLA calendar put spread
April 15, 2011 By Leave a Comment
Stock / Symbol: Tesla Motors / TSLA Option Strategy: calendar put spread Price at trade entry: $24.27 Reasoning: Our short put is in the money. Closing here for a quick 44% gain (before commissions). Trade [Read More …]
