Stock / Symbol: [private_monthly]Apache / APA[/private_monthly] Option Strategy: diagonal call spread Price at trade entry: 124.58 Price at this adjustment: 119.60 Reasoning: With [private_monthly]Apache[/private_monthly] reporting earnings tomorrow morning, we’re adding a put to protect against [Read More …]
Closing Trade – CMG call ratio backspread
February 14, 2011 By Leave a Comment
Stock / Symbol: Chipotle Mexican Grill / CMG Price at trade entry: $255.74 Option Strategy: call ratio back spread Reasoning: While we did get a nice pop on CMG, it wasn’t quite enough. We’re closing [Read More …]
Trade Adjustment – calendar call spread
February 10, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Las Vegas Sands / LVS[/private_monthly] Option Strategy: calendar call spread Stock price at this adjustment: $46.36 Adjustment: With WYNN reporting this afternoon, [private_monthly]LVS[/private_monthly] could move up nicely tomorrow. Also, as we’ve already [Read More …]
New Trade – bull put spread
February 10, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Sprint / S [/private_monthly] Price at trade post: $4.53 Option Strategy: bull put spread Max Risk: $480 (at May expiration) Max Reward: $270 or 56% with stock over $4.50 (at May expiration) [Read More …]
New Trade – bear call spread
February 10, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]iShares FTSE China 25 Index Fund / FXI[/private_monthly] Price at trade post: $41.40 Option Strategy: bear call spread Max Risk: $660 (at Mar expiration) Max Reward: $140 or 21.2% Profit Range: $0 [Read More …]
Trade Entry Adjustment
February 10, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Chipotle Mexican Grill / CMG[/private_monthly] Price at original trade post: $253.35 Price at trade entry adjustment: $255.65 Option Strategy: call ratio back spread Adjustment: Haven’t gotten filled on our original setup so [Read More …]
New Trade – call ratio backspread
February 9, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Chipotle Mexican Grill / CMG[/private_monthly] Price at trade post: $253.35 Option Strategy: call back spread Max Risk: $1,950 (at Mar expiration) Max Reward: unlimited Profit Range: $0 – $250 & $290 + [Read More …]
Closing Trade – AGU diagonal call spread
February 8, 2011 By Leave a Comment
Stock / Symbol: Agruim / AGU Price at trade entry: $91.93 Option Strategy: diagonal call spread Max Risk: $760 Max Reward: $392 (at $95) or 51.58% by Feb 2011 expiration Profit Range: $89.82 + Realized [Read More …]
Report Card – as of January 31, 2011
February 7, 2011 By Leave a Comment
As of January 31st, we’ve closed out 50 trades, 38 of which were winners. A 76% win rate Start Date: 08/09/10 End Date: 01/31/11 SPX DOW Opening Balance: 10000 1122.8 10654.62 Closing Balance: 11167.46 1286.12 [Read More …]
New Trade – calendar call spread
February 1, 2011 By 3 Comments
Stock / Symbol: [private_monthly]Verifone Systems / PAY [/private_monthly] Price at trade post: $41.81 Option Strategy: calendar call spread Max Risk: $480 Max Reward: $256 or 53% by Mar 2011 expiration Profit Range: $39.89 – $52.86 [Read More …]
