Stock / Symbol: GoodYear Tire / GT Option Strategy: call spread Action: BTC -5 GT Jan11 11 Call STC 5 GT Jan11 9 Call for a net credit of $1.65 Reasoning: We may not get [Read More …]
Report Card – As of November 30th
December 8, 2010 By Leave a Comment
Since our official launch on August 9th, our portfolio is up 9.63% as of November 30th. Compare this to the S&P, which is up just 5.14% in the same time. Start Date: 08/09/10 End Date: [Read More …]
Trade Adjustment – SPX iron condor
December 7, 2010 By Leave a Comment
Stock / Symbol: S&P 500 / SPX Option Strategy: iron condor Reasoning: with the SPX moving closer to 1245, we’re going to roll up the call side of this trade to go short the 1265 [Read More …]
Trade Adjustment – diagonal call spread
December 7, 2010 By Leave a Comment
Stock / Symbol: [private_monthly]Best Buy / BBY[/private_monthly] Price at trade opening: $45.18 Price at trade adjustment: $41.93 Reasoning: [private_monthly]BBY[/private_monthly] isn’t playing nice. We’re going to adjust this trade by buying back the short call as [Read More …]
Trade Adjustment – call back spread
December 6, 2010 By Leave a Comment
Stock / Symbol: [private_monthly]Aruba Networks / ARUN[/private_monthly] Price at trade opening: $22.79 Price at trade adjustment: $22.73 Option Strategy: call back spread Max Risk: $540 (at Jan expiration) Max Reward: unlimited Profit Range: $27.70 + [Read More …]
Trade Adjustment – diagonal call spread to calendar spread
December 1, 2010 By Leave a Comment
Stock / Symbol: [private_monthly]Baidu / BIDU [/private_monthly] Option Strategy: calendar call spread –> adjusting to diagonal call spread Entry date: Oct 26th; Price at trade entry: $113.09 Last adjusted: Nov 24th with stock at $109.18 [Read More …]
New Trade – iron condor
November 30, 2010 By Leave a Comment
Stock / Symbol: [private_monthly]S&P 500 / SPX[private_monthly] Option Strategy: iron condor Max Profit: $320 Max Risk: $1680 Max Return: 19% Profit Range: $1118 – 1246 Max Profit between: $1120 – 1245 Reasoning: We’re using this [Read More …]
New Trade – bull put spread
November 30, 2010 By Leave a Comment
Stock / Symbol: [private_monthly]Walgreen / WAG[/private_monthly] Option Strategy: bull put spread Price at trade post: 34.73 Max Profit: $92 Max Risk: $308 Max Return: 29% Profit Range: $33.77 + Max Profit at: $34 Reasoning: This [Read More …]
New Trade – call spread + optional risk reversal
November 26, 2010 By Leave a Comment
Stock / Symbol: [private_monthly]Ford Motor Co. / F [/private_monthly] Price at trade post: $16.10 Reasoning: With the recent pullback in this stock surrounding the GM, we see a buying opportunity in a sector with solid [Read More …]
Trade Update – diagonal call spread
November 24, 2010 By Leave a Comment
Stock / Symbol: [private_monthly] Williams-Sonoma / WSM [/private_monthly] Price at trade post: $32.70 Trade as posted on Nov 23: Buy 2 WSM Feb11 33 Call @ $2.25 = $450.00 Sell -2 WSM Dec10 35 Call [Read More …]
