XOP – 9/24/18 – Broken Wing Iron Condor XOP was trading at $43.22 and I thought a move down or a sideways move was the most likely outcome over the next month or so. I entered this trade with no downside risk and an upside break even of $45.57. When I entered this one Implied […]
Author: Jim Dawson
2/15/19 Weekly Recap and Look Forward
2/15/2019 Weekly Recap and Look Forward Butterflys I don’t think we closed any of our short butterfly’s this week. QCOM is a little worrying because of time decay. If QCOM makes a move toward the downside we might be in a little trouble. The others are about break even. Probably should have taken profits on […]
Learn Options Trading Strategies
Learn Option Trading Strategies Are you wanting to learn to trade stock options? Looking to learn option trading strategies that really work and are high probability? If you want to learn options trading we can absolutely help you, with no monthly subscription and no huge upfront cost for learning options trading. First of all let […]
PBR – 9/20/18 – Iron Condor
PBR – 09/20/18 – Iron Condor On 9/20 we decided to place an Iron Condor in PBR with its Implied Volatility at 63.04. Our initial trade probability was 75.67% which was better than normal for these types of trades, so we figured what could go wrong? With PBR at $11.29 we sold the 11/2/18 […]
SPX – 9/17/18 – Iron Condor
SPX – 9/17/18 – Iron Condor This was one of my most difficult trades of the year. It was an SPX Iron Condor which I have pretty strict rules for trading but it was moving up and then down so fast that I struggled to trade my rules. On 9/17 with SPX trading at […]
February 8th 2019 Weekly Review and Look to Next Week
2/8/2019 Weekly Recap and Look to Next Week. The good news is we were eventually right about the market being over bought and going to pull back. The bad news is we were off on our timing. Which resulted in us rolling our SPX Iron Condor the day before the pull back because our Calls […]
EEM – 9/14/18 – Broken Wing Iron Condor
EEM – 9/14/18 – Broken Wind Iron Condor On 9/14 EEM was trading at $41.99 and I decided to take a trade with no downside risk because if a Diagonal trade I had that was showing a loss. This was a hedge trade to protect my Diagonal to the downside. I purchased the 10/26 $42 […]
V – 9/13/18 – Broken Wing Iron Condor
V – 9/13/18 – Broken Wind Iron Condor This was part of a series of trades I did in V working different strategies to take advantage of V’s run up to highs and pull back. I felt there was more downward pressure and it would be difficult for V to break to new highs […]
INTC – 9/11/18 – Broken Wing Iron Condor
INTC – 9/11/18 – Broken Wing Iron Condor Entered this trade on 9/11 with no upside risk thinking there would be more chance of a move up after a hard move down. Implied Volatility was 46 and I was showing a 64.20% probability of success. This was a counter trend or contrarian bet that INTC […]
AMAT 9-10-18 Broken Wing Iron Condor
AMAT – 9/10/18 – Broken Wing Iron Condor On 9/10 AMAT had moved down to what I really felt would be a good support area so I decided to enter a Broken Wing Iron Condor figuring this trade would head back up. Because I entered this trade at about a $1.43 credit, since my Calls […]
