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 […]
Category: Spreads
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 […]
WMT 10/2016 Look Back Trade
WMT – 10/7/2016 This was a bull call spread I placed on WMT. This was a debit spread meaning I had to pay out to get it. My hope was that WMT would continue up. This was an add on trade to reduce some losses I had taken on a WMT covered call position I […]
GLD – 10/2016 Lookback trade
GLD – 10/06/1016 GLD had been gaping down and I decided to take a chance that it had bottomed out. Somewhat risky trade, but it worked out. I ended up with a pretty good return although trading a stock based on the fact you think it has bottomed out is not always the best idea. […]
SPX – 9/9/16 Look Back trade
SPX – 09/09/2016 This was a bull put spread I entered after the market spiked down. The increased volatility gave me good premium so I took the trade. I was going to try and turn this into an iron condor by adding the calls but I never saw a good enough opportunity. I had such […]
SKX 9/8/16 Look Back Trade
SKX – 09/08/2016 This was a bear call spread that I actually sold to help improve a covered call position I had in SKX. SKX was not performing well in my covered call portfolio so I decided to place a hedge trade. If SKX stayed the same or went down then I would make money […]
LULU 9/8/16 – Look Back Trade
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 […]
