SPY 6/3/2016 On 6/3/16 I decided to place a trade in the SPY to take advantage of time decay between two Call positions. The SPY was trading at $209.89 and I believed that the market would continue down from there. I sold the June week 2 expiration $211.00 Call for $0.59 and purchased the July […]
Author: Jim Dawson
Trade4Profits – Shortcuts to Profitable Trading
If you want to learn about how we trade, including how we manage our covered call portfolio check out out the first book in our Trade4Profits series below: Trade4Profits – Shortcuts to Profitable Trading helps new and experienced traders learn techniques for profitable trading. Based on the author’s over 20 years of trading equities, options, […]
AMZN Debit Spread Look Back Trade
AMZN – 07/15/2016 AMZN was trading down and I really felt like it was going to make a move up. The chart looked promising but more importantly I knew earnings were coming out on 7/28. There was some risk that earnings could be bad but other companies had already reported good earnings so I felt […]
SPX Iron Condor Look Back Trade
SPX – 4/24/17 Saw an opportunity on the Put side for a possible condor. I was able to get my Puts filled on 4/24, so I entered an order in on the Call side. I was fine with just a Put spread if I could not get a Condor going. This is a common way […]
2016 Covered Call Portfolio
My 2016 covered call portfolio finished with a gain of 22.36% for the year. My best week in 2016 was an 8.16% weekly return. My worst week in 2016 was a -8.47% weekly return. I averaged .43% per week. My covered call portfolio consists of regular covered calls, diagonals and different types of hedges against […]
GLD Iron Condor Look Back Trade
GLD – 8/25/16 Decided to enter a GLD Iron Condor. I normally do not like trading condor’s on anything but the indexes and maybe SPY, DIA or QQQ. However I decided to try my hand at a GLD trade. Overall the trade was successful with a respectable return for a 30 day trade, but I […]
Spreads
Spreads are another favorite of mine. There are two types of spreads I trade using either Calls or Puts. They are Credit and Debit Spreads. A credit spread means that you receive money when you place the trade and hope that the position expires worthless. A debit spread means that you pay money when you […]
SPY Iron Condor Look Back Trade
SPY – 07/19/2016 This is another trade you should not attempt. I traded this one in my virtual account to show how difficult it is to make a decent return with an EFT. I normally only do Iron Condors on indexes. The other thing I did here was a short term two week expiration which […]
PCLN Credit Spread Look Back Trade
PCLN – 07/14/2016 So what happens when one of these short term momentum trades go horribly wrong? Well that is what this trade is all about. Keep in mind that I understand the risk when I enter these. To get the premium you need for a trade designed to last less than 48 hours you […]
Soybeans Short Bear Calls
On 5/19/17 with the SQ17 soybeans trading at $954.75 I shorted August calls at $1,150.00. For the most part this trade went perfectly. At one point I could have closed for almost full profit. However, Soybeans had moved so perfectly for me I decided to leave. Oddly, this is something I rarely do in equity […]
