Stock / Symbol: McDonalds / MCD Option Strategy: [private_monthly]calendar spread[/private_monthly] Price at trade post: $87.60 Reasoning: Statistically, between now and Aug expiration, MCD should trade between [private_monthly]84 and 92. Given these odds, we’re going for [Read More …]
Trade Adjustment : RUT
June 28, 2012 By Leave a Comment
Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]bear call spread, adjusting to bull put spread[/private_monthly] Trade entry date: Jun 19 Price at trade post: $788.49 Price at this post: $766.50 Current Position:[private_monthly] Short [Read More …]
Closing Trade : EMC
June 21, 2012 By Leave a Comment
Stock / Symbol: E M C Corp / EMC Option Strategy: vertical call spread Trade entry date: May 25 Price at trade entry: $24.28 Price at this post: $25 Reasoning: We’re currently up about 25% [Read More …]
New Trade : RUT
June 19, 2012 By Leave a Comment
Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]bear call spread[/private_monthly] Price at trade post: $785 Reasoning: Taking advantage of the market’s recent recovery by [private_monthly]entering a bear call spread on RUT here. If [Read More …]
Trade Adjustment : SPX
June 19, 2012 By Leave a Comment
Stock / Symbol: S&P 500 Index / SPX Option Strategy: [private_monthly]iron condor[/private_monthly] Trade entry date: Jun 4 Price at trade entry: $1275 Price at this post: $1358 Current Position: [private_monthly] Long 1 SPX Ju112 1175 [Read More …]
Trade Update : BTU
June 15, 2012 By Leave a Comment
Stock / Symbol: Peabody Energy Corp / BTU Option Strategy: iron condor Trade entry date: May 18 Price at trade entry: $23.98 Price at this update: $23.80 Current Position: Long 7 BTU Jun12 20 puts [Read More …]
Closed Trade : RUT
June 15, 2012 By Leave a Comment
Stock / Symbol: Russell 2000 / RUT Option Strategy: bull put spread Trade entry date: Jun 1 Price at trade entry: $738.66 Price at trade close: $762.34 Position Details: Short -1 RUT Jun12 680 put [Read More …]
Put/Call Ratio: A Contrarian Indicator
June 13, 2012 By Leave a Comment
At The OptionWiz, we use the Put/Call ratio for individual stocks and indexes as a contrarian indicator. The Put/Call ratio can be used as a gauge of Fear or greed, which helps traders identify possible turning [Read More …]
Trade Adjustment : X
June 12, 2012 By Leave a Comment
Stock / Symbol: US Steel / X Option Strategy: [private_monthly]diagonal call spread[/private_monthly] Trade entry date: Mar 26 Price at trade entry: $29.66 Price at Apr 27 adjustment: $28.32 Price at this adjustment: $18.20 Current Position:[private_monthly] [Read More …]
Trade Adjustment : PAY
June 12, 2012 By Leave a Comment
Stock / Symbol: Verifone Systems / PAY Option Strategy: [private_monthly]bull put spread[/private_monthly] Trade entry date: May 31 Price at trade entry: $35.48 Price at this adjustment: $31.30 Current Position:[private_monthly] Short -4 PAY Jul12 31 puts [Read More …]
