Stock / Symbol: [private_monthly]Intel / INTC [/private_monthly] Price at trade post: $23.76 Option Strategy: butterfly call spread Reasoning: [private_monthly] Although INTC was hit hard this week with news that the flooding in Thailand has negatively [Read More …]
Archives for December 2011
Order Adjustment
December 13, 2011 By Leave a Comment
Stock / Symbol: Direxion Daily Financial Bull 3x / FAS Price at trade post: $60.85 Option Strategy: bull put spread Adjustment: [private_monthly]We’re selling the 53’s and buying the 52’s Trade Details: STO -10 FAS Dec11 [Read More …]
New Trade : FAS bull put spread
December 13, 2011 By Leave a Comment
Stock / Symbol: Direxion Daily Financial Bull 3x / FAS Price at trade post: $60.85 Option Strategy: bull put spread Reasoning: [private_monthly]While financials are under pressure due to the concerns in Europe, we do expect [Read More …]
Post Correction : FCX trade
December 9, 2011 By Leave a Comment
[private_monthly]Correction: Accidentally said to STC the Nov11 40 calls when it should have read the DecWk2 40 calls. Closing Trade Details (for Sep 14 entry date): STC 2 FCX Feb12 40 Calls BTC -2 FCX [Read More …]
Closing Trade / Trade Adjustment : FCX position
December 9, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Freeport-McMoran / FCX [/private_monthly] Option Strategy: calendar call spread w/ protective call Trade entry dates: Apr 19th & Sep 14 Prices at entry points: $51.68 & $41.53 Price at this post: $39.60 [Read More …]
Trade Adjustment : MO calendar spread
December 9, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Altria Group / MO [/private_monthly] Option Strategy: calendar call spread Price at trade entry: $28.39 Price at this post: $28.75 Reasoning: With MO trading right at our upside breakeven point, we’re going [Read More …]
Position Update : FCX
December 8, 2011 By Leave a Comment
Stock / Symbol: Freeport-McMoran / FCX Option Strategy: calendar call spread w/ protective call Update:[private_monthly] Our short DecWk2 40 calls expire tomorrow. If FCX is at or above $40 by the end of the day [Read More …]
New Trade : butterfly call spread
December 8, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Coca-Cola Company / KO [/private_monthly] Price at trade post: $66.86 Option Strategy: butterfly call spread Reasoning: Fundamentally, [private_monthly]KO [/private_monthly] is worth about $65 a share and is technically range bound between 66 [Read More …]
New Trade : calendar call spread
December 2, 2011 By Leave a Comment
Stock / Symbol: [private_monthly]Altria Group / MO [/private_monthly] Price at trade post: $28.41 Option Strategy: calendar call spread Reasoning: This company is another good candidate for a butterfly or calendar trade as it just doesn’t [Read More …]
Trade Adjustment : HAL diagonal call spread
December 1, 2011 By Leave a Comment
Stock / Symbol: Halliburton / HAL Option Strategy: diagonal call spread Trade entry date: Nov 8 Price at trade entry: $38.26 Price at this post: $36.45 Current Position: [private_monthly] Long 1 HAL Apr12 30 call [Read More …]
