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 …]
New Trade – diagonal call spread
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
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 …]
New Trade – diagonal call spread
Stock / Symbol: [private_monthly]American Express / AXP[/private_monthly] Price at trade post: $43.87 Option Strategy: diagonal call spread Max Risk: $764 Max Reward: $351 or 46% by Feb 2011 expiration Profit Range: $43.35 + Max Reward [Read More …]
New Trade – diagonal call spread
Stock / Symbol: [private_monthly]Agruim / AGU[/private_monthly] Price at trade post: $91.86 Option Strategy: diagonal call spread Max Risk: $760 Max Reward: $392 or 51.58% by Feb 2011 expiration Profit Range: $89.82 + Max Reward Price: [Read More …]
Trade Adjustment – calendar spread
Stock / Symbol: [private_monthly]Baidu / BIDU [/private_monthly] Option Strategy: diagonal call spread adjusting to bull put spread Entry date: Oct 26th; Price at trade entry: $113.09 1st Adjustment: Nov 24th with stock at $109.18 2nd [Read More …]
Trade Adjustment – diagonal call spread
Stock / Symbol: Verifone / PAY Price at trade opening: $34.77 Price at this adjustment: $40.21 Update: We didn’t get filled on closing the spread so we just bought back the short Dec 37 strike [Read More …]
Trade Adjustment – calendar spread
Stock / Symbol: [private_monthly]Zions Bancorp / ZION [/private_monthly] Option Strategy: calendar spread, adjusting to diagonal call spread Entry date: Oct 6th; Price at trade entry: $21.94 Price at Nov 24 adjustment: $19.47 Price at Dec [Read More …]
Trade Adjustment – diagonal call spread
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 …]
New Trade – diagonal call spread
Stock / Symbol: [private_monthly] Williams-Sonoma / WSM [/private_monthly] Price at trade opening: $32.70 Option Strategy: diagonal call spread Max Risk: $370 Max Reward: $315 or 85% by December expiration Profit Range: $32.27+ Max Reward Price: [Read More …]