New Trade : BTU

Stock / Symbol: Peabody Energy Corp / BTU Price at trade post: $25.10 Option Strategy: [private_monthly]iron condor[/private_monthly] Reasoning: Following Patriot Coal’s announcement of lower sales volume due to a default by a key customer, pretty [Read More …]

New Trade : AAPL

Stock / Symbol: Apple / AAPL Price at trade post: $552 Option Strategy: [private_monthly]iron condor[/private_monthly] Reasoning: Post earnings, we’re expecting AAPL to settle down for a while. [private_monthly]This iron condor trade bets that AAPL doesn’t [Read More …]

Order Adjustment : AAPL

Stock / Symbol: Apple / AAPL Option Strategy: [private_monthly]iron condor[/private_monthly] trade entry date: May 2 Price at trade entry: $584.60 Price at this post: $561 Update: Upping limit order to $0.49 debit in hopes to [Read More …]

Closing Order Adjustment : AAPL

Stock / Symbol: Apple / AAPL Option Strategy: [private_monthly]iron condor[/private_monthly] trade entry date: May 2 Price at trade entry: $584.60 Price at this post: $563.80 Update: Didn’t get filled at $0.30 debit on Friday. Upping [Read More …]

Closing Trade : JNJ

Stock / Symbol: Johnson & Johnson / JNJ Option Strategy: [private_monthly] calendar call spread + long calls[/private_monthly] Trade entry date: Mar 19 Price at trade entry: $65.17 Price at this post: $63.90 Reasoning: Downside stop [Read More …]

Closing Trade : MCD

Stock / Symbol: McDonalds / MCD Option Strategy: [private_monthly]calendar spread[/private_monthly] Trade entry date: Apr 25 Price at trade entry: $94.95 Price at 1st adjustment: $97.85 Price at this post: $92.03 Current Position: [private_monthly] Long 5 [Read More …]

Closing Trade : AAPL

Stock / Symbol: Apple / AAPL Option Strategy: [private_monthly]iron condor[/private_monthly] trade entry date: May 2 Price at trade entry: $584.60 Price at this post: $568.82 Reasoning: With the trade up nearly 25%, we’re going to [Read More …]

Trade Adjustment : JNJ

Stock / Symbol: Johnson & Johnson / JNJ Option Strategy: [private_monthly] calendar call spread + long calls[/private_monthly] Trade entry date: Mar 19 Price at trade entry: $65.17 Price at this adjustment: $64.70 Current Position:[private_monthly] long [Read More …]

Iron Condor : A good strategy for Post Earnings Blues

At The OptionWiz, we combine stock selection with options strategies for our customers. Applying the right options strategy for a specific scenario makes the difference between a losing or winning trade. As we come to [Read More …]

New Trade : WPRT

Stock / Symbol: Westport Innovations Inc. / WPRT Price at trade post: $28.09 Option Strategy: [private_monthly]iron condor[/private_monthly] Reasoning: The probability of success on this iron condor on WPRT is about 80%. If WPRT hits our [Read More …]