The Complete Guide to Option Trading – How Selling Options can Lead to Stellar Returns in Bull and Bear Markets by James Cordier & Michael Gross is a good book on selling futures options. The book gives you good insight into the way options work as well as the classic, “you make money by selling […]
Month: August 2017
Iron Condor Update
The Iron Condor is one of my favorite strategies. If you do know what an Iron Condor is, Click Here. If you do then you know the power of the Iron Condor trade. I rarely hold my Condor’s until expiration, my goal is to take advantage of time decay and close the position as early […]
WMT 10/2016 Look Back Trade
WMT – 10/7/2016 This was a bull call spread I placed on WMT. This was a debit spread meaning I had to pay out to get it. My hope was that WMT would continue up. This was an add on trade to reduce some losses I had taken on a WMT covered call position I […]
GLD – 10/2016 Lookback trade
GLD – 10/06/1016 GLD had been gaping down and I decided to take a chance that it had bottomed out. Somewhat risky trade, but it worked out. I ended up with a pretty good return although trading a stock based on the fact you think it has bottomed out is not always the best idea. […]
SPX – 9/9/16 Look Back trade
SPX – 09/09/2016 This was a bull put spread I entered after the market spiked down. The increased volatility gave me good premium so I took the trade. I was going to try and turn this into an iron condor by adding the calls but I never saw a good enough opportunity. I had such […]
SKX 9/8/16 Look Back Trade
SKX – 09/08/2016 This was a bear call spread that I actually sold to help improve a covered call position I had in SKX. SKX was not performing well in my covered call portfolio so I decided to place a hedge trade. If SKX stayed the same or went down then I would make money […]
LULU 9/8/16 – Look Back Trade
LULU – 09/08/2016 This was a credit put spread I placed based on both technicals and the fact that LULU has shown strength over this some time period in past years. I really felt this was a pretty good quality set up when I took it. I made one big error by not really having […]
SPX Credit Spread Look Back Trade
SPX – 07/08/2016 This trade was a credit spread scalp all attempted on 7/8 based on a momentum strategy. I thought the market would begin a move down that day and saw the opportunity for a quick profit. SPX did not cooperate and I ended up placing a hedge trade to protect my spread. With […]
QQQ Time Decay Spread Look Back Trade
QQQ – 07/07/2016 I decided to attempt more of a scalp strategy with one of my standard time decay strategies. I have really not had much luck with scalping the market using these strategies as this trade will continue to show. On 7/7 with QQQ trading at $108.39 I purchased the July week 3 $112 […]
TSLA Credit Spread Look Back Trade
TSLA – 07/07/2016 Another one of the momentum based trades that I placed with 24 hours until expiration. This one looked like a really strong candidate and I was able to sell Puts a pretty good distance from the current price of $216.75 because of high volatility. Of course, with TSLA you never know what […]
