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 […]
AAPL – 04/26/2017 Look Back Trade
This was a very short term credit spread. The idea is to take advantage of a stock’s momentum in a particular direction and then take a very short term trade taking advantage of that. I like to stay in these trades 2 days or less if possible. You could trade these over 5 days but […]
NCR – 4/26/2017 Look Back Trade
This is a debit spread I placed in NCR based on their chart. I thought there was good potential for them to continue to move up over the short term. I entered the trade on 4/26/17 with NCR trading at $40.57. Two days later it was at $41.64 and seemed to be losing momentum. I […]
SKX 10/14/2016 Look Back Trade
I purchased a bear put spread on SKX as a hedge against my long covered call position that was losing money in this stock. I probably should have just closed the covered call position previously instead of working all the hedges. I was concerned about a potential down move in SKX that would further deteriorate […]
New High Runner
I have been trading a new strategy over the six months. I am calling it New High Runner until I figure out a better name. Feel free to suggest a better name in the comments. Like the name says, I am looking at stocks showing strength over the past year and trading at close to […]
The Complete Guide to Option Selling
The Complete Guide to Option Trading – How Selling Options can Lead to Stellar Returns in Bull and Bear Markets by James Cordier & Michael Gross is a good book on selling futures options. The book gives you good insight into the way options work as well as the classic, “you make money by selling […]
Iron Condor Update
The Iron Condor is one of my favorite strategies. If you do know what an Iron Condor is, Click Here. If you do then you know the power of the Iron Condor trade. I rarely hold my Condor’s until expiration, my goal is to take advantage of time decay and close the position as early […]
