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January 31, 2013

$SPX Weekly Trade


Jan 31, 2013
  • Strategy: Bear Call spread
  • Underlying: SPX
  • Trade: Sell to Open Jan5 13 1515 call; Buy to Open Jan5 13 1520 call
  • Trade Price: .40¢ credit per spread
  • Margin: $4.60 per spread
  • Return on Risk: 8.69%
Risk Profile:
spx weekly risk profile
Trade:
spx weekly order

January 24, 2013

$FFIV Weekly Trade


Jan 24, 2013
  • Strategy: Bear Put Butterfly
  • Underlying: FFIV
  • Trade: Buy to Open 1 Jan5 95 put; Sell to Open 2 Jan2 100 puts; Buy to Open 1 Jan5 105 put
  • Trade Price: $1.60 debit per spread
  • Margin: $160 per spread
  • Profit target: 20% return on margin ($32)
Risk Profile:

Trade:


January 17, 2013

$SPX Weekly Trade


Jan 17, 2013
  • Strategy: Iron Condor
  • Underlying: SPX
  • Trade: Sell to Open Jan'13 1465 put; Buy to Open Jan2 13 1460 put; Sell to Open Jan'13 1490 call; Buy to Open Jan'13 1495 call
  • Trade Price: .40¢ credit per spread
  • Margin: $4.60 per spread
  • Return on Risk: 8.69%
Risk Profile:

Order:

January 14, 2013

$LULU Jan/Feb Double Calendar spread


Jan 14, 2013
  • Strategy: Jan/Feb 65/75 Double Calendar spread
  • Underlying: LULU (Lululemon Athletica Inc - NDAQ)
  • Trade: Sell to Open Jan'13 65 Put; Buy to Open Feb'13 65 Put; Sell To Open Jan'13 75 Call; Buy to Open Feb'13 75 Call;
  • Trade price: $2.05 debit
  • Margin: $2.05 per spread
  • Profit target: 10%-20% of margin (.20¢-40¢)
Risk Profile:

Trade Duration: Jan'13 options expire on Friday (1/18/13). Best case scenario for this trade is LULU trades either at 65 or 75 by Jan expiration. We are selling front month options and buying back month options to take advantage of Theta or time decay. Our long options will decay at a slower pace and any increase in volatility should help this trade reach our profit target sooner. We will constantly monitor this trade to determine if/when adjustments need to be made.

January 10, 2013

$V Weekly Trade


Jan 10, 2013
  • Strategy: Jan/Feb 160 Call Calendar spread
  • Underlying: V (Visa - NYSE)
  • Trade: Sell to Open Jan'13 160 Call; Buy to Open Feb'13 160 Call
  • Trade price: $2.40 debit
  • Margin: $2.40 per spread
  • Profit target: 10%-20% of margin (.25¢-50¢)

Risk Profile:

Trade Duration: Jan'13 options expire next Friday (1/18/13). Best case scenario for this trade is Visa trades around 160 by Jan expiration. We are selling front month options and buying back month options to take advantage of Theta or time decay. Our long options will decay at a slower pace and any increase in volatility should help this trade reach our profit target sooner. We will constantly monitor this trade to determine if/when adjustments need to be made. 
Update 1/12/12:
On 1/11/13 we closed this position by selling this calendar spread for $2.65 (+.28¢ or 11.81% Return)

SPX Jan2 13 Bull Put spread


Dec 10, 2013
  • Strategy: Bull Put spread
  • Underlying: SPX
  • Trade: Sell to Open Jan2 13 1450 put; Buy to Open Jan2 13 1445 put
  • Trade Price: .30¢ credit per spread
  • Margin: $4.70 per spread
  • Max Return on Risk: 6.38%
Risk Profile:

January 2, 2013

SPX Jan1 13 Bear Call spread


  • Sell to Open 1470 call
  • Buy to Open 1475 call
  • Credit: .30¢ per spread
  • Margin: $4.70 per spread
  • ROI: 6.38% @.30¢
Risk Profile:

Order:

1/4/12 Update:

This credit spread expired worthless, 6.38% return on margin.