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 […]
Author: Jim Dawson
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 […]
DIA – 9/4/18 – Iron Condor
DIA – 9/4/18 – Iron Condor I started this trade with DIA trading at 259.18 and it did not go as smoothly as some of my others. On 10/3 I was considering rolling this trade out another month or closing for a small profit. In the end I decided to hold and let the probabilities […]
2/1/2019 Weekly Recap and Look Forward
2/1/2019 Weekly Recap and Look to Next Week The market moved up fairly sharply because of no reference to future interest rate increases and a good corporate earnings week. Last week we were able to close a couple of our Short Butterfly’s for target profit and entered into a couple of more. We have been […]
EWZ – 9/4/18 – Broken Wing Iron Condor
EWZ – 9/04/18 – Broken Wind Iron Condor I took this trade out the same day I did the EWZ trade above. I traded it as a comparison to different strategies and risk/reward expectations. Both trades were profitable (this time) I typically don’t trade the same security with two different strategies at the same time […]
CELG – Long Call – 7/13/18
CELG – 7/13/18 – Long Call CELG had been in a sideways move after a down trend. I watched it move up then retrace just above weekly support and decided to purchase the $80.00 Calls expiring on 9/21/18 with CELG trading at $85.51. My initial mental target was $87.58 with my stop around $83.47. […]
What are Fibonacci Levels
What are Fibonacci Levels Fibonacci lines are a very popular tool technical investors use to determine potential price action. They use them to help find support and resistance points. In fact, they may very well be the most popular of all trading tools. We know there are many people that do not believe in Fibonacci […]
PCAR – Long Call – 7/12/18
PCAR – 7/12/18 – Long Call On 7/12 I noticed and evening start pattern on the PCAR chart and decided to traded it. I purchased an ITM Put option with a Delta of 71 so I would make money a little faster if the stock continued down. I had to pay a little more for […]
