LULU – 09/08/2016 This was a credit put spread I placed based on both technicals and the fact that LULU has shown strength over this some time period in past years. I really felt this was a pretty good quality set up when I took it. I made one big error by not really having […]
Author: Jim Dawson
SPX Credit Spread Look Back Trade
SPX – 07/08/2016 This trade was a credit spread scalp all attempted on 7/8 based on a momentum strategy. I thought the market would begin a move down that day and saw the opportunity for a quick profit. SPX did not cooperate and I ended up placing a hedge trade to protect my spread. With […]
QQQ Time Decay Spread Look Back Trade
QQQ – 07/07/2016 I decided to attempt more of a scalp strategy with one of my standard time decay strategies. I have really not had much luck with scalping the market using these strategies as this trade will continue to show. On 7/7 with QQQ trading at $108.39 I purchased the July week 3 $112 […]
TSLA Credit Spread Look Back Trade
TSLA – 07/07/2016 Another one of the momentum based trades that I placed with 24 hours until expiration. This one looked like a really strong candidate and I was able to sell Puts a pretty good distance from the current price of $216.75 because of high volatility. Of course, with TSLA you never know what […]
TLT Time Decay Spread Look Back Trade
TLT – 7/7/2016 This is another of the 24 hour momentum trades. On 7/7 TLT was trading at $142.02 and I decided to place the trade based off of the hourly chart instead of using the daily like I would normally do. I thought it would be alright because I had resistance at the 7 […]
SPX – What a Day
This certainly was not the worst day I have traded in the SPX, but it is one that took me by surprise. I was trading happily along around lunch time then …. BOOM! SPX just started to drop. I said, “OK”, there is plenty of room between the current price and some of my shorts. […]
GOOG Time Decay Spread Look Back Trade
GOOG – 07/01/2016 GOOG was trading at $699.98 and I felt it was reaching the top of its range. I decided to place a variation of a Bear Call spread to take advantage of that as well as time decay. On 7/1 I sold the $735 Call for $0.15 and Bought the $745 Call for […]
When a Debit Spread goes bad even when it is right.
On June 2017 I entered into a debit spread on STMP. I bought the JAN18 $140.00 calls and sold the JAN18 $160.00 calls against them for a debit of $8.78. STMP was trading at $142.40.0 STMP has gone up as high as $154.00 since I entered the position and I have still not been able […]
REGN Bull Put Credit Spread Look Back Trade
REGN – 6/30/16 On 6/30 I decided to place an aggressive Bull Put Credit spread on REGN based on a momentum strategy I seldom use. The reason I seldom use it is because it is higher risk than the strategies I prefer. This trade is usually made on a Wednesday or Thursday afternoon with options […]
QQQ Time Decay Spread Look Back Trade
QQQ – 6/17/2016 I entered this trade at the same time as the one above, the correct way. The mistake I made on this one was I traded with the assumption that Britain would not vote to leave the Euro. I thought the market would slowly move up, which it did but only after it […]
