Per our sell alert yesterday, we closed out our CSTR bull put spread. Our reasoning was that, although we are still very bullish on the stock, CSTR looked like it was set to pull back [Read More …]
Closed Trade – SSO bear call spread
October 7, 2010 By Leave a Comment
Per our sell alert yesterday, we closed out our SSO bear call spread. Our reasoning was that when we entered the trade on 9/22, we felt the market was ready for a pullback. However, Tuesday’s [Read More …]
Closing Trade Alert
October 6, 2010 By Leave a Comment
We’re closing the CSTR put spread and SSO call spread here. Details to follow.
New Trade – Diagonal Call Spread
October 6, 2010 By Leave a Comment
Stock Symbol: [private_monthly]ZION[/private_monthly] Option Strategy: diagonal call spread Max Risk: $706 Called Return: 51% ($363) Uncalled Return: 27% Profit Range: $19.17 + Reasoning: [private_monthly]Zions Bancorporation – ZION[/private_monthly] has very strong fundamentals and has found solid [Read More …]
Report Card
October 3, 2010 By Leave a Comment
Since our official launch on August 9th, our portfolio is up 12.48%. Compare this to the S&P, which is only up 2% in the same time. Start Date: 08/09/10 End Date: 10/01/10 SPX DOW Opening [Read More …]
New Trade – diagonal call spread
September 30, 2010 By Leave a Comment
Stock Symbol: [private_monthly]DIS[/private_monthly] Option Strategy: diagonal call spread Max Risk: $1164 Called Return: 20% ($233) Uncalled Return: 9% Profit Range: $33.42 – $43.13 Reasoning: [private_monthly]Disney – DIS[/private_monthly] has very strong fundamentals and is currently trading [Read More …]
New Trade – bear call spread
September 30, 2010 By Leave a Comment
Stock Symbol: [private_monthly]AMZN[/private_monthly] Option Strategy: bear call spread Max Profit:$88 Max Risk: $412 Max Return: 18% (accounts for commissions) Profit Range: $0 – $165 Reasoning: Although it’s been a strong performer, [private_monthly]AMZN[/private_monthly] is technically near [Read More …]
Trade Adjustment – Combo Trade
September 24, 2010 By Leave a Comment
Stock Symbol: [private_monthly]GLW[/private_monthly] Option Strategy: Combo (short put / long call) Update: Time to turn this trade into a covered call. As our cost basis for our 100 shares of [private_monthly]Corning – GLW[/private_monthly] is $17.70, [Read More …]
New Trade – Call Back Spread
September 23, 2010 By 2 Comments
Stock Symbol: [private_monthly]ADBE[/private_monthly] Option Strategy: Call Back Spread Max Risk: $592 (close at $28 on 11/19/10) Max Gain: Unlimited Profit Range: $29.48 + Max Risk if stock closes at or under $27 by Nov expiration: [Read More …]
New Trade – Covered Call
September 23, 2010 By Leave a Comment
Stock Symbol: [private_monthly]OVTI[/private_monthly] Price at time of Trade: $21.25 Target Price: $23 Strategy: Covered Call Reasoning:This stock has strong fundamentals and is currently trading in the low range of it’s trading cycle, giving it more [Read More …]
