Archives for August 2012

Trade Adjustment / New Trade : X

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 Jun 12 adjustment: $18.20 Price [Read More …]

Closing Trade : SPX

Stock / Symbol: S&P 500 Index / SPX Option Strategy: bear call spread Trade entry date: Aug 9 Price at trade post: $1404.67 Price at this post: $1410 Reasoning: This market continues to melt up. [Read More …]

New Trade : GES

Stock / Symbol: GUESS? / GES Option Strategy: long condor Price at trade post: $26.40 Reasoning: With the news out following this stock’s earnings last week, we’re going to put on a low risk / [Read More …]

New Trade : HAIN

Stock / Symbol: HAIN Celestial Group / HAIN Option Strategy: butterfly call spread Price at trade post: $69.50 Reasoning: With the news out following this stock’s earnings last week, we’re going to put on a [Read More …]

Trade Update : X

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 Jun 12 adjustment: $18.20 Price [Read More …]

Trade Adjustment / Closing Trade : NBR

Stock / Symbol: Nabors Industries / NBR Option Strategy: converted to diagonal call spread Trade entry date: Apr 4 Price at trade entry: $16.60 Price at Jul 31 adjustment / new entry: $14.50 Price at [Read More …]

New Trade : RUT

Stock / Symbol: Russell 2000 / RUT Option Strategy: [private_monthly]iron condor[/private_monthly] Price at trade post: $818 Reasoning: With 34 days till September expiration, it’s time to put on a new [private_monthly]Iron Condor on RUT. The [Read More …]

Trade Adjustment : X

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 Jun 12 adjustment: $18.20 Price [Read More …]

Closing Trade : CSCO

Stock / Symbol: Cisco Systems / CSCO Option Strategy: calendar call spread Trade entry date: Jul 6 Price at trade entry: $16.70 Price at Jul 12 adjustment: $16.00 Price at Aug 6 adjustment: $16.76 Price [Read More …]

Every Picture Tells A Story

Charts can be amazing indicators of future performance because of the natural ebb and flow of the market; more specifically a “trading range,” which is what we now so often see. If you can navigate [Read More …]