3/15/19 Weekly Recap and Look to Next Week Last week we said we thought the market would either drop into a range or move up. Truthfully, I thought I would move up gradually off support back toward the high. I was somewhat surprised by the strength of the move on Monday and the fact that […]
TLT – 10/2/18 – Broken Wing Iron Condor I started this trade with TLT trading at $116.98 and took a no upside risk trade using the Broken Wing Iron Condor strategy. TLT however did not cooperate. On 10/2 I sold the 11/16 $115 Call and purchased the $116 Call. I also sold the $115 Put […]
3/8/2019 Weekly Recap We missed our prediction for the market this week. We did get the move about $281.30 we thought we would get but we got an immediate and strong pull back which continued throughout the week. Just goes to show that technical analysis can’t over power market events. Weakness has been pretty strong […]
NKE – 10/2/18 – Iron Condor NKE had a big earnings Implied Volatility drop after earnings but still looked pretty good for an Iron Condor. I could have gotten more premium trading before earnings but there is a huge risk doing that, which is why you get more premium. On 10/2 I sold the 11/16 […]
EWZ – 9/28/18 – Iron Condor Looking to stay active I decided on an Iron Condor in EWZ on 9/28. Implied Volatility was at 79 and coming down from 100 so there was good premium still to be had. With EWZ trading at $34.14 I sold the 11/16 $40 Call and purchased the $43 Call. […]
3/1/19 Weekly Recap and Look to Next Week We got our pull back this week bottoming out on Wednesday. We entered a SPY test trade off the bounce which we are still in. Closed half for profit and moved rest to break even. Butterflys We closed 2 of our butterflys this week for profit. We […]
CRM – 9/28/18 – Iron Condor I have always struggling trading CRM, not sure why I keep trying. The return here looked pretty good, I guess that is one reason I keep trying to trade it. On 9/28 I entered into a 11/16 Iron Condor selling the $175 Call and purchasing the $180 Call. I […]
Covered Calls – You are Doing it WRONG! What if we told you everything you have been taught about writing Covered Calls is Wrong! What if we told you, you had been doing it wrong this entire time? Would you listen? Can we convince you there is a better way? If you can give us […]
High Probability Options High probability options trading is all about trades that give you be best chances to be successful. We use Iron Condors, Broken Wing Iron Condors, Butterflys and Strangles to give us the best chances for successful trades based on current market conditions, option delta and volatility. We do not use chart patterns […]
2/22/2019 Weekly Recap and Look Forward We only got a small pullback on Thursday. We expected more but it appears this is a consolidation for a move. Butterflys We only closed one of our Butterflys last week for a small profit of just over 6%. We are still in the rest and the majority are […]
