Here’s an update on our positions with legs that are due to expire on January 21st: AIXG bull put spread – looking great, we’re going to hold through to January expiration for the full 17.64% [Read More …]
New Trade – diagonal call spread
January 7, 2011 By Leave a Comment
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
January 6, 2011 By Leave a Comment
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 …]
Correction
January 4, 2011 By Leave a Comment
On the Ford call spread we closed today, we miscalculated the return. The correct return (before commissions) was 51.52% as we entered the position at a debit of $1.32 per contract and sold at a [Read More …]
New Trade – diagonal call spread
January 4, 2011 By Leave a Comment
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 …]
Closing Trade – WFMI call spread
January 4, 2011 By Leave a Comment
Stock / Symbol: Whole Foods Market / WFMI Date trade entered: Dec 22, 2010 Price at trade post: $50.99 Option Strategy: call spread Reasoning: BMO and Morgan Stanley issued a downgrade on WFMI today, which [Read More …]
Closing Trade – F call spread
January 4, 2011 By Leave a Comment
Stock / Symbol: Ford Motor Co. / F Option Strategy: call spread Date of trade entry: Nov 26, 2010 Price at trade post: $16.10 We’re closing out our position in Ford for a nice 51% [Read More …]
Report Card – as of December 31, 2010
January 3, 2011 By Leave a Comment
As of December 31st, 2010, our closed trades have generated a cash-on-cash return of 12.30%. Also, with 29 of 38 trades being winners, our winning percentage is 76% Start Date: 08/09/10 End Date: 12/31/10 SPX [Read More …]
New Trade – diagonal call spread
December 30, 2010 By Leave a Comment
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 …]
New Trade – RUT iron condor
December 30, 2010 By Leave a Comment
Stock / Symbol: ]Russell 2000 / RUT Price at trade post: $792.25 Option Strategy: iron condor Max Risk: $892 Max Reward: $108 or 12% by Jan 2011 expiration Profit Range: $705 – $835 Max Reward [Read More …]
