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 […]
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 […]
Turtle Trading
Well, let’s time warp back to 1983 when to commodity traders named Richard Dennis and William Eckhardt decided that the value of turtles changed over time so you could trade them to other people….Just Kidding! Actually they decided to conduct an experiment to prove they could teach people with no trading experience how to be […]
