Stock / Symbol: [private_monthly]Altria Group / MO [/private_monthly] Price at trade post: $23.61 Option Strategy: diagonal call spread Max Risk: $624 Max Reward: $349 or 56% by Mar 2011 expiration Profit Range: $22.63 + Max [Read More …]
Trade Adjustment – calendar call spread
February 1, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Las Vegas Sands / LVS[/private_monthly] Option Strategy: calendar call spread Price at time of trade entry: $50.81 Price at Dec 22 adjustment: $47.39 Price at this adjustment: $48.32 Adjustment: We were filled [Read More …]
Trade Adjustment – bull put spread
January 31, 2011 By Leave a Comment
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
January 31, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]United States Oil Fund / USO[/private_monthly] Option Strategy: diagonal call spread Price at trade opening: $37.40 Price at Jan 26 adjustment: $36.25 Price at this adjustment: $38.30 Adjustment: Due to the turmoil [Read More …]
Closing Trade – AMZN call back spread
January 31, 2011 By Leave a Comment
Stock / Symbol: Amazon / AMZN Price at trade post: $181.44 Option Strategy: call back spread Max Risk: $1,770 (at Mar expiration) Max Reward: unlimited Profit Range: $0 – $181 & $217 + (at Mar [Read More …]
The power of selling options
January 27, 2011 By Leave a Comment
Here’s a summary of our recently closed credit spreads. As we were selling closer to the money options and buying further out of the money options, we wanted the positions to expire worthless… and they [Read More …]
New Trade – call back spread
January 27, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Amazon / AMZN[/private_monthly] Price at trade post: $181.44 Option Strategy: call back spread Max Risk: $1,770 (at Mar expiration) Max Reward: unlimited Profit Range: $0 – $181 & $217 + (at Mar [Read More …]
NFLX iron condor
January 26, 2011 By Leave a Comment
We didn’t get filled at our desired limit price. Hopefully you did.
New Trade – bull put spread
January 26, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Freeport-McMoRan / FCX [/private_monthly] Price at trade post: $108.47 Option Strategy: bull put spread Max Risk: $888 Max Reward: $112 or 12.6% by FEB expiration Profit Range: $99.44 + Max Reward Price: [Read More …]
New Trade – iron condor
January 26, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Netflix / NFLX [/private_monthly] Price at trade post: $183.50 Option Strategy: iron condor Max Risk: $920 Max Reward: $80 or 8.69% by Jan 28th, 2011 expiration Profit Range: $150 – $220 Reasoning: [Read More …]
