New Trade – bull put spread

Stock / Symbol: [private_monthly]Netflix/ NFLX[/private_monthly] Option Strategy: bull put spread Price at trade post: $178.15 Max Profit: $300 Max Risk: $700 Max Return: 42.86% Profit Range: $163.50 + Max Profit at: $165 + Reasoning: We’re [Read More …]

Closing Trade – WSM call spread

Stock / Symbol: Williams-Sonoma / WSM Option Strategy: call spread Price at trade opening on Nov 24th: $33.67 Price at trade closing: $35.01 Reasoning: We’re up nicely on this trade and don’t want to risk [Read More …]

Closing Trade – GT call spread

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

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 – call back spread

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 Update – diagonal call spread

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 …]

Trade Adjustment – diagonal call spread

Stock / Symbol: [private_monthly]Zions Bancorp / ZION [/private_monthly] Option Strategy: diagonal call spread –> calendar spread Entry date: Oct 6th; Price at trade entry: $21.94 Adjustment: we’re getting worried about this stock near term so [Read More …]

Open Trades – updates & adjustments

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 Current Position: Long 1 Jan11 115 Call @ [Read More …]

Closing Trade – CRM call back spread

Stock / Symbol: [private_monthly]Salesforce.Com / CRM[/private_monthly] Price at trade opening: $110.07 Price at closing: $130 Option Strategy: call back spread Trade Details: BTC (Buy To Close) -1 CRM Jan11 110 Call STC (Sell To Close) [Read More …]

Trade Adjustment – calendar spread

Stock / Symbol: [private_monthly]Baidu / BIDU[/private_monthly] Price at trade entry: $113.09 Price at trade adjustment: $114.80 Option Strategy: calendar call spread Max Risk: $520 Max Reward: $318 (at Nov expiration) Max Called Return: 61% Uncalled [Read More …]