Justification: This comes alongside an /ES spread I sold a few minutes earlier in another account. Intention was to sell into pre-market close weakness. - Directional Play: Yes. Adding long delta into a strong close prior to this extended weekend. - Technical: Below 20 and 50 MA. - Fundamental: Earnings continue to improve; Fed really supportive; jobs data...
Description: Selling into some weakness on the RUT. Justification: - Directional Play? No, neutralizing delta's on existing RUT positions. - Technical: Below the 20 and 50-day moving averages. - Fundamental: Bullish long-term. If/Then: - Take profit? @50% - Where will you hedge? $1725 Strategy Details - Short and Long legs: $1615, $1600 - Short Delta:...
Justification: Sold into weakness prior to market open. - Directional Play: Yes. Portfolio was getting a bit too short; I needed some long delta. - Technical: Below 20 and 50 MA. - Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ; virus...
Description: Justification: - Directional Play: No, adds long delta to portfolio. - Technical: Less than 20, 50 Moving Averages, VIX @ 16 - Fundamental: Long-term bullish; using every dip to neutralize delta's in portfolio. If/Then: - Take profit: @ 50% Max Profit - Where will you hedge: $3050 Strategy Details - Short and Long legs? $3040, $3000 - Short Leg...
... for a 1.60 credit; scratch at 16.00. Notes: Additive short delta adjustment trade in the May cycle, where I had an unpaired short put vertical ... . On a side note, I should have pulled off the profitable pair first (See Closing Iron Condor Post Below), then looked at delta before slapping on the additive long adjustment I made yesterday. (See Opening...
... for a 2.10 db; .80 ($80) profit (27.5% max for the pairing). Notes: Fairly delta neutral subtractive adjustment that profitably mixes and matches put side with call side. Scratch at 14.40 versus current setup value of 13.25. This also makes the sides a little less "crowded" for potentially making adjustments going forward.
Since IV is extremely high on AZO I put a credit spread on 1.52 credit collected 1270/1280 0.11/0.09 EXP Jan 17 Looks good I just wanna collect $75 out of this 50% of the spread credit. Low risk trade + earnings makes it somewhat more risky. Max loss will be $200 if it turns against me somehow blasts off to the moon.
NFLX Put Credit Spread Exp Dec 13 275/270 $1.17 Credit Taking a gain at $65 max loss is $130. Looks pretty bullish, looks like a decent trade. Delta: 0.25/(0.20
Call Spread 415/420, betting it stays below this. Collected $98 per spread on credit expiry is Jan 17. I put on 3 spreads. Max loss is $296
CMG Credit was $1.25 Target gain will be $70, max loss is $140. Exp Dec 13, 790/795 above support line. It may move lower or move into a range soon.
25% ROI UAL at the top of a nice channel, willing to unravel if strength continues or sell a bull put spread on a retracement down
shorted 105s long 101s for 97 credits per spread (38 days out)
long skyy via credit spread 53 days out sold 56s bought 53s for 52 bucks credit per spread
BA put Credit spread. 0.93 Credit 330/325 Max gain will be $50, max loss $100. Exp Dec 6, Delta 0.23/(0.18) Looks like a high probability trade but not much volatility, I should have done this a few days ago when it was at $340.
Call Credit spread Roku at the money, seems to slowly be losing power. Earnings are coming soon so this could end bad but we'll see how it pans out. 140/145 Exp Dec 6th. 2.28 Credit Max gain will be $115. max loss is $230.
Credit spread on PXD $1.48 Credit Exp Dec 6, Delta is 0.3497/(0.23) Its pretty bullish. I decided this could be a good trade. I'll take the added risk Max gain is $0.75 max loss is $150. Moving out of support pre-earnings.
Iron Fly I got a bad credit on it I should have tried for more, $7.20 credit and 280 max loss. 118/128/128/138 Dec 6th.. So the plan is to take a profit of at least 25% of the credit. Which is $180. Max loss is also $180. Delta's on the wings were pretty good around 0.25-.26 so this should be a decent trade and PXD doesn't move all that much after earnings.
I have a call credit spread on TSLA @ 340/345 Credit collected was $130 Max gain is $70 max loss is $140. Exp Nov 29th great odds on this trade. Lets see how it pans out.