TLT – 09/25/18 – Broken Wing Iron Condor I got on a little bit of a habit of placing these Broken Wing Iron Condors during this time period. Great if you are expecting the market to move a certain direction, but don’t over do them. If the market suddenly changes on you and you are […]
Author: Jim Dawson
Covered Call Strangle Entry
Covered Call – The Strangle Entry When people learn option trading strategies they typically start with the old faithful of option trading strategies, the covered call. Trading a covered call option strategy is one of the foundation option trading strategies that everyone learns. But, what some people do not realize is that a covered call […]
IYR 9/24/18 Broken Wing Iron Condor
IYR – 09/24/18 – Broken Wing Condor I decided to place a Broken Wing Condor in IYR after a move down with no risk to the upside. I felt it had its run down and now was due for a rebound. Turns out I was wrong, that is the problem with trying to pick a […]
Strangles What Are they and How do We Trade Them.
Strangles – What are they and How do we Trade Them? Strangles are the only uncapped risk, limited reward strategy we trade. As a result we are highly selective about how we trade Strangles. We base our strangle trades like we place our probability based non-index and Broken Wing Iron Condors. We use probabilities and […]
XOP 9/24/18 Broken Wing Iron Condor
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 […]
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 […]
