Today we want to review a trade we made back in July. On 7/12/18 we noticed an Evening Star pattern in on the PCAR chart and jumped into a quick Options traded to take advantage of it. With PCAR trading at $61.34 we purchased a 11/16 $67.50 Put expecting a move down. This option was […]
Author: Jim Dawson
September SPX Condor
We tried to get into a SPX Condor on 7/31/18 but only got our PUT side filled. Which is fine. We ended up selling the 2620 (9/21/18) put and buying the 2595 (9/21/18) put. It was a 25 point spread about 52 days left. We were able to get a $1.25 credit on the spread […]
GM 9/20/2016 Look Back Trade
GM – 09/20/16 When I entered this trade GM appeared to be in a range from $30.00 to $31.25 with low implied volatility. On 9/23 I rolled my 9WK4 to a 9WK5 position because GM had broken out above my range to $32.29. By 9/30 it had come down some but was still to high […]
QQQ Look Back Trade – Calendar
QQQ – 6/30/2016 This trade in QQQ was actually a test trade I did in my virtual account. The only reason I put it in the book is to give you a good example on how I test out new trades and how I am always looking for a better way to bring in premium. […]
Calendars
Calendar’s can be a good way to trade a range bound security. I have a number of formulas I use to determine if a particular trade shows promise as a calendar. Most of them can be broken down into this simple statement. You want to sell more time than you are buying. What does this […]
TSLA 05/17/2017
This started out as a short term put credit spread. The 7, 21 and 50 moving averages were showing resistance as well as two price point consolidation points on the chart. Momentum was pointing down and I felt this would be a good 2 day trade. When I entered the trade TSLA was trading at […]
ANET 5/5/2017 Look Back Trade
I identified ANET as a good long term stock to purchase, still looks good as of this writing. On 5/5 with ANET at $138.66 I purchased a long term debit spread on this stock. I was not sure how long it would take to get the profit I wanted but I was willing to wait […]
FB 5/1/2017 Look Back Trade
I placed this credit spread with FB trading at $152.20 and I was expecting it to continue to move down. I was shooting for a 30% gain. The next day FB had moved up to $153.45, not the move I expected. I started working on getting out of the trade. On 5/3 FB moved down […]
C 04/27/2017 Look Back Trade
I placed this debit spread as C was bouncing off of support. Initially I had not planned on being in the trade that long. I thought it would bounce up quickly. Took longer than I had hoped but was still able to get out with a good return. When I entered the trade C was […]
AMZN – 04/27/2017 Look Back Trade
This is another trade like the one above. This time I had price support at 9, 21 and the 50 day moving average. Also had bollinger band support and chart price level support at 907 and 896. I was so excited about the set up, I did not notice that earnings were about to be […]
