This certainly was not the worst day I have traded in the SPX, but it is one that took me by surprise. I was trading happily along around lunch time then …. BOOM! SPX just started to drop. I said, “OK”, there is plenty of room between the current price and some of my shorts. […]
Month: July 2017
GOOG Time Decay Spread Look Back Trade
GOOG – 07/01/2016 GOOG was trading at $699.98 and I felt it was reaching the top of its range. I decided to place a variation of a Bear Call spread to take advantage of that as well as time decay. On 7/1 I sold the $735 Call for $0.15 and Bought the $745 Call for […]
When a Debit Spread goes bad even when it is right.
On June 2017 I entered into a debit spread on STMP. I bought the JAN18 $140.00 calls and sold the JAN18 $160.00 calls against them for a debit of $8.78. STMP was trading at $142.40.0 STMP has gone up as high as $154.00 since I entered the position and I have still not been able […]
REGN Bull Put Credit Spread Look Back Trade
REGN – 6/30/16 On 6/30 I decided to place an aggressive Bull Put Credit spread on REGN based on a momentum strategy I seldom use. The reason I seldom use it is because it is higher risk than the strategies I prefer. This trade is usually made on a Wednesday or Thursday afternoon with options […]
Turtle Trading
Well, let’s time warp back to 1983 when to commodity traders named Richard Dennis and William Eckhardt decided that the value of turtles changed over time so you could trade them to other people….Just Kidding! Actually they decided to conduct an experiment to prove they could teach people with no trading experience how to be […]
Does Warrior Trading Work?
Warrior Trading: www.warriortrading.com Owner: Ross Cameron Warrior trading is one of those ‘let me teach you to day trade’ courses and chat rooms. First let’s talk about cost. Their chat room will cost you $149.00/month if you do the monthly plan and about $74.00/month if you sign up for the annual plan. Their starter course […]
QQQ Time Decay Spread Look Back Trade
QQQ – 6/17/2016 I entered this trade at the same time as the one above, the correct way. The mistake I made on this one was I traded with the assumption that Britain would not vote to leave the Euro. I thought the market would slowly move up, which it did but only after it […]
BC Long Call
I purchased BC DEC17 $65.00 Long calls on 7/6/17. Today I decided to sell them because they dropped below my support. I took a 25% loss on these but traded my plan. However, I still think this is a pretty good position. If you decided to hold, you may still end up making money on […]
Calendar
Calendar’s can be a good way to trade a range bound security. A Calendar involves selling a short term option at a closer time frame and purchasing a longer term options at the same strike expiring a number of weeks/months later. You can place a calendar using either calls or puts. I usually base which […]
SRPT Covered Call
I was in this trade much longer than usual. Started it on 11/11/16 with SRPT trading at $40.01. I saw the stock drop as low as $27.75 during the trade but I stayed in it. Normally I would have closed with a stop loss but SRPT and I are old friends and I have ridden […]
