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 […]
Tag: Credit Spread
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 […]
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 […]
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 […]
Heating Oil Credit Spread Look Back Trade
HO (Heating Oil) – 6/14/2016 This was a commodity trade I made in June. Commodities tend to trend better and more often than stocks and can be a good way to trade options. You have to be careful because of risk and assignment ramifications if you do not completely understand commodities. I do not recommend […]
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 […]
