Our Iron Condor on the SPX filled today at a credit of $0.65, or a total credit of $130. This sets us up for a nice 14.94% gain by options expiration next Friday.
Trade Update – Iron Condor
September 8, 2010 By Leave a Comment
Symbol: [private_monthly]SPX[/private_monthly] Looks like we’re not going to get filled at our set Limit/Credit of $0.80. so we’re lowering the limit to $0.65. Setting as a Good Till Canceled Order.
New Trade – Iron Condor
September 8, 2010 By Leave a Comment
Stock Symbol: [private_monthly]SPX[/private_monthly] Price at time of Trade: [private_monthly]$1100.34[/private_monthly] Target Date: September 17th – September options expiration Target Price: [private_monthly]1040 to 1115[/private_monthly] Option Strategy: Iron Condor with September expiration options Risk: low Max Risk: $846 [Read More …]
New Trade – put spread
September 7, 2010 By Leave a Comment
Stock Symbol: [private_monthly]T[/private_monthly] Option Strategy: Put Spread Price at time of Trade: $27.44 Target Price: $25 Option Strategy: Put Spread Risk Level: moderate Max Risk: $645 Max Reward: $855 Reasoning: We expect this stock to [Read More …]
Report Card
September 4, 2010 By Leave a Comment
theOptionWiz position summary for the period covering Aug 8 – Sep 3, 2010: closed trades Stock Symbol Option Strategy entry date exit date Gain / loss (pre-commission) GOOG put spread 08/10/10 08/20/10 100.64% SPY iron [Read More …]
Closing Trade – JNJ bull put spread
September 3, 2010 By Leave a Comment
Stock Symbol: JNJ Price at time of Trade: $57.60 Current Price: $58.64 Option Strategy: bull put spread – generates a credit trade Risk: low Reward: limited Reasoning: When the market was up big this morning, [Read More …]
Closing Trade – AAPL call spread
September 3, 2010 By 2 Comments
Stock Symbol: APPL Option Strategy: Call Spread Reasoning: Looking like AAPL doesn’t want to move much higher from here and is in risk of pulling back next week. If we close our position here, we [Read More …]
New Trade-Call Spread
September 2, 2010 By Leave a Comment
Stock Symbol: [private_monthly]GT[/private_monthly] Price at time of Trade: $10.07 Target Price: $11 Option Strategy: Call Spread Reasoning [private_monthly]Goodyear Tire & Rubber CoT[/private_monthly] has lost 2/3 of it’s market cap this year. It is best of [Read More …]
Trade Update
August 31, 2010 By Leave a Comment
Stock Symbol: [private_monthly]JDSU[/private_monthly] Entry date: 8/18/10 Price at time of Trade: $10.53 Target Price: $13 Option Strategy: Call Spread Trade Update: [private_monthly] STC 5 Dec 13 call options for approximately $0.18 Net Debit = Approximately [Read More …]
New Trade – bull put spread
August 29, 2010 By 2 Comments
Stock Symbol: [private_monthly]JNJ[/private_monthly] Price at time of Trade: $57.60 Target Price: $60 by Sep expiration Option Strategy: bull put spread – generates a credit trade Risk: low Reward: limited Reasoning:Expect that [private_monthly]JNJ [/private_monthly] will move [Read More …]
