Stock / Symbol: Walmart / WMT Option Strategy: diagonal call spread Date of trade entry: May 26 Price at trade entry: $54.61 Price at this post: $57.05 Current Position: Long 1 WMT Jan12 50 Call [Read More …]
Closing Trade : X call ratio spread
October 28, 2011 By Leave a Comment
Stock / Symbol: US Steel / X Option Strategy: call ratio spread Trade entry date: Oct 25 Price at entry: $22.73 Price at this post: $26.40 Reasoning: With our short calls well ITM, we’re going [Read More …]
New Trade : call ratio spread
October 25, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]US Steel / X[/private_monthly] Price at this post: $22.65 Reasoning: [private_monthly]X[/private_monthly] reported this morning and beat the street’s revenue projections. However, guidance was bad and the stock is down 8.6% ($22.64). We [Read More …]
Closing Trade : JNJ calls
October 24, 2011 By Leave a Comment
Stock / Symbol: Johnson & Johnson / JNJ Trade entry date: Oct 5 Price at trade entry: $62.40 Option Strategy: long calls to protect calendar position Current Position: [private_monthly] Long 2 JNJ Apr12 60 Calls [Read More …]
Trade Adjustment : covered call
October 24, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Cheniere Energy / LNG [/private_monthly] Option Strategy: covered call Trade entry date: July 18th Price at trade entry: $9.85 Price at this post: $6.29 Current Position: [private_monthly] Long 200 shares of LNG [Read More …]
Trade Update : GLD bull put spread
October 21, 2011 By Leave a Comment
Stock Symbol: GLD Option Strategy: bull put spread Trade entry date: Sep 26 Price at trade entry: $155.27 Price at this post: $159.26 Update: Looks like GLD will easily end the day over $136, allowing [Read More …]
Trade Adjustment : FCX position
October 21, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Freeport-McMoran / FCX [/private_monthly] Option Strategy: calendar call spread w/ protective call Trade entry dates: Apr 19th & Sep 14 Prices at entry points: $51.68 & $41.53 Price at this post: $36.08 [Read More …]
Closing Trade : FITB diagonal call spread
October 21, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Fifth Third Bancorp / FITB[/private_monthly] Opening Option Strategy: diagonal call spread Trade entry date: April 1 Price at trade entry: $14.04 Price at this post: $11.72 Reasoning: We’ve managed to improve this [Read More …]
Trade Adjustment : DIS calendar call spread
October 21, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Walt Disney Co / DIS[/private_monthly] [private_monthly] Current Option Strategy: calendar call spread Trade entry date: Jun 7 Price at trade entry: $39.82 Current Position: [private_monthly] Long 2 DIS Jan12 33 Calls Short [Read More …]
Order Update
October 21, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Johnson & Johnson / JNJ[/private_monthly] Update: lowering ask to $3.00 per contract Trade Details : STC 4 JNJ Apr12 62.5 Calls BTC -4 JNJ Oct11 62.5 Calls for a net credit of [Read More …]
