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May 30, 2014

$GLD - 5/28/14

  • Strategy: Bearish Put Butterfly
  • Underlying: GLD
  • Trade: BUY +1 BUTTERFLY GLD 100 JUN 14 123/120/117 PUT @.80 LMT
  • Trade Price: $80 debit per spread
  • Margin: $80 per spread
  • DTE: 23
Risk Profile:

Trade:

We're entering a slightly bearish to neutral trade in GLD. We will look to add another put fly with GLD around 123 area.

May 23, 2014

$WFM - 5/22/14

  • Strategy: Bullish Call Butterfly
  • Underlying: WFM
  • Trade: BUY +1 BUTTERFLY WFM 100 JUL 14 37/40/43 CALL @.80 LMT
  • Trade Price: $80 credit per spread
  • Margin: $80 per spread
  • Return on Risk: 7.52%
  • DTE: 57
Risk Profile:

May 14, 2014

VLO Bull Put spread

  • Strategy: Bull Put Spread
  • Underlying: VLO
  • Trade: SELL -1 VERTICAL VLO 100 JUN 14 52.5/50 PUT @.42 LMT
  • Trade Price: $40 credit per spread
  • Margin: $210 per spread
  • Return on Risk: 19,04%
  • DTE: 38
Risk Profile:

Trade:

VLO had a pretty good size call buyer earlier today, we're going to do a simple bull put spread:

We need VLO above 52.10 by expiration.