Stock / Symbol: [private_monthly]Macys / M[/private_monthly] Price at trade post: $23.62 Option Strategy: diagonal call spread Max Risk: $626 Max Reward: $193 or 30% by Feb 2011 expiration Profit Range: $23.62 + Max Profit at: [Read More …]
New Trade – bear call spread
January 20, 2011 By Leave a Comment
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 …]
Closing Positions / Trade Adjustments
January 20, 2011 By Leave a Comment
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 …]
New Trade – diagonal call spread
January 14, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Apache / APA[/private_monthly] Price at trade post: $124.58 Option Strategy: diagonal call spread Max Risk: $737 Max Reward: $457 or 62% by Feb 2011 expiration Profit Range: $122 – $148 Max Reward [Read More …]
Trade Update – call back spread
January 12, 2011 By Leave a Comment
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 …]
New Trade – call back spread
January 12, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]JP Morgan / JPM[/private_monthly] Price at trade post: $44.70 Option Strategy: call back spread Max Risk: $774 (at Mar expiration) Max Reward: unlimited Profit Range: $0 – 46.40 & $51.60 + (at [Read More …]
Position Update
January 11, 2011 By Leave a Comment
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 …]
New Trade – diagonal call spread
January 7, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]United States Oil Fund / USO[/private_monthly] Price at trade post: $37.40 Option Strategy: diagonal call spread Max Risk: $712 Max Reward: $346 or 48.60% by Feb 2011 expiration Profit Range: $37.50 + [Read More …]
Closing Trade – PAY diagonal call spread
January 6, 2011 By Leave a Comment
Stock / Symbol: Verifone / PAY Option strategy: diagonal call spread Price at trade opening: $34.77 Price at Dec 17th adjustment: $40.21 Price at closing: $41.23 We’re closing the position here for a 12.51% gain. [Read More …]
Correction
January 4, 2011 By Leave a Comment
On the Ford call spread we closed today, we miscalculated the return. The correct return (before commissions) was 51.52% as we entered the position at a debit of $1.32 per contract and sold at a [Read More …]
