Stock / Symbol: [private_monthly]Priceline.com / PCLN[/private_monthly] Price at trade entry: $535.25 Option Strategy: put spread Update: We had to up our bid to $6.85 in order to get filled. We were filled at 12:14.59PM (EST). [Read More …]
Archives for August 2011
New Trade : put spread
August 31, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Priceline.com / PCLN[/private_monthly] Price at trade post: $536 Option Strategy: put spread Reasoning: While it does have strong fundamentals, we feel that [private_monthly]PCLN’s [/private_monthly] is technically due for a pull back as [Read More …]
Closing Trade : double calendar call spread
August 26, 2011 By Leave a Comment
Stock / Symbol: Microsoft / MSFT Option Strategy: double calendar Price at trade entry: $24.64 Price at this post: $25.28 Reasoning: This trade on MSFT was a quick weekly trade intended to yield around 5%. [Read More …]
Closing Trade : calendar call spread w/ protective calls
August 26, 2011 By Leave a Comment
Stock / Symbol: American Express / AXP Option Strategy: calendar call spread w/ protective call Trade entry date: Aug 15th Price at trade entry: $45.87 Price at this post: $48.38 Current Position: Long 2 AXP [Read More …]
New Trade : calendar call spread
August 25, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]ProShares UltraShort 20+ Year Treasury / TBT [/private_monthly] Current Strategy: long calls Trade entry date: Mar 30 Price at trade entry: $37.89 Price at this post: $25.36 Current Position:[private_monthly] Long 4 TBT [Read More …]
New Trade – double calendar call spread
August 23, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Microsoft / MSFT[/private_monthly] Option Strategy: double calendar Price at trade post: $24.68 Reasoning: [private_monthly]MSFT[/private_monthly] is a great stock to sell options against because it doesn’t move all that much. We’re going with [Read More …]
Closing Trade : calendar call spread
August 23, 2011 By Leave a Comment
Stock / Symbol: Johnson & Johnson / JNJ Option Strategy: calendar call spread w/ protective call Trade Entry date: Aug 10 Price at trade post: $61.28 Price at this post: 63.69 Reasoning: Re-running the risk [Read More …]
Order Update
August 22, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]American Express / AXP [/private_monthly] Open Trade Order: [private_monthly] STO 2 AXP AugWk4 (exp 8/26) 45 Calls for a credit of $0.88 per contract [/private_monthly] New Trade Details: [private_monthly] BTO 2 AXP [Read More …]
Trade Update : covered strangle
August 22, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Cheniere Energy / LNG [/private_monthly] Option Strategy: covered strangle Trade entry date: July 18th Price at trade entry: $9.85 Price at this post: $7.15 Current Position: [private_monthly] Long 200 shares of LNG [Read More …]
Trade Adjustment / New Trade : calendar call spread w/ protective call
August 22, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]American Express / AXP [/private_monthly] Option Strategy: calendar call spread w/ protective call Trade entry date: Aug 15th Price at trade entry: $45.87 Price at this post: $45 Current Position: [private_monthly] Long [Read More …]
