Stock / Symbol: [private_monthly]Johnson & Johnson / JNJ[/private_monthly] Price at trade post: $65.60 Option Strategy: broken wing butterfly Reasoning:[private_monthly] We’re going back to JNJ, which does not historically have drastic moves, making it an ideal [Read More …]
Archives for December 2011
New Trade : MSFT
December 23, 2011 By Leave a Comment
Stock / Symbol: Microsoft / MSFT Price at trade post: $25.97 Option Strategy: [private_monthly]calendar call spread[/private_monthly] Reasoning: MSFT continues to be a solid performer for [private_monthly]diagonal and calendar spreads because it doesn’t move all that [Read More …]
Closing Trade : DECK
December 23, 2011 By 2 Comments
Stock / Symbol: Deckers / DECK Option Strategy: [private_monthly]bull put spread[/private_monthly] Trade entry date: Dec 20 Price at trade entry: $90.86 Price at this post: $83.98 Reasoning: This trade has gone against us, and fast. [Read More …]
New Trade : GRPN
December 20, 2011 By Leave a Comment
Stock / Symbol: Groupon / GRPN Price at trade post: $22.52 Option Strategy: [private_monthly]bear call spread[/private_monthly] Reasoning: [private_monthly]We are taking advantage of today’s 2.8% move in the S&P 500 to place a bearish bet on [Read More …]
New Trade : DECK
December 20, 2011 By Leave a Comment
Stock / Symbol: Deckers / DECK Price at trade post: $91 Option Strategy: [private_monthly]bull put spread[/private_monthly] Reasoning: [private_monthly]Despite a recent analyst downgrade, DECK still boasts strong fundamentals and looks to have technically found support at [Read More …]
Completed Trade : FAS bull put spread
December 16, 2011 By Leave a Comment
Stock / Symbol: Direxion Daily Financial Bull 3x / FAS Option Strategy: bull put spread Trade entry date: Dec 13 Trade exit date: Dec 16 Price at trade entry: $59.81 Price at trade exit: $58.98 [Read More …]
Completed Trade : MSFT bull put spread
December 16, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Microsoft / MSFT[/private_monthly] Option Strategy: bull put spread Trade entry date: Nov 22 Price at trade entry: $24.75 Price at trade exit: $26.00 Analysis: Thinking that MSFT was quite oversold, we entered [Read More …]
Closing Trade : INTC butterfly
December 16, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Intel / INTC [/private_monthly] Option Strategy: butterfly call spread Price at trade entry: $23.71 Price at this post: $23.58 Reasoning: INTC didn’t move up to $24 as we anticipated. As our long [Read More …]
Closing Trade : KO butterfly call spread
December 15, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Coca-Cola Company / KO [/private_monthly] Option Strategy: calendar call spread Trade entry date: Dec 8 Price at trade entry: $67.01 Price at this post: $66.98 Reasoning: When we entered the position, we [Read More …]
Trade Adjustment : MO calendar spread
December 15, 2011 By Leave a Comment
Stock / Symbol: Altria Group / MO Option Strategy: calendar call spread Price at trade entry: $28.39 Price at this post: $29.05 Adjustment: [private_monthly] We’re going to close out our original calendar trade here at [Read More …]
