MSFT – 06/17/2016 I debated not including this trade in the book but after some thought decided to include it. This trade is another debit spread trade where I am trying to take advantage of time decay. The problem is I traded this one backwards. That is what happens when you do not double check […]
Category: Spreads
SPY Spread Look Back Trade
SPY 06/03/2016 In addition to the SPY trade above I also traded one with a shorter time frame and with the short ‘in the money’. The one above I had about four weeks between the strikes. That gave me room to continue to sell against my Long position or the ability to wait for them […]
SPY Spread Look Back Trade
SPY 6/3/2016 I made one more SPY trade on 6/3/16 in order to show the difference in how different time frames and strikes worked on this type of trade. When I entered this trade SPY was at $210.48 and like above I felt that it was going to move down off of a retrace. On […]
SPY Spread Look Back Trade
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 […]
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 […]
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 […]
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 […]
RUT Credit Spread Look Back Trade
RUT – 08/05/2016 On 8/5 with RUT trading at $1226.64 I decided to enter into a one day high risk trade. Based on momentum I believed that RUT was heading down that day but that is not the real reason I entered the trade. I was looking for a hedge trade to bring in premium […]
