Trades and Adjustments
MCD and JNJ Butterfly Spread Trade Adjustments
Butterfly Spread Option Trading Update Happy Thanksgiving! Hope you have a wonderful, happy, and well rested holiday! Here is an update of the MCD and JNJ butterfly option trades I showed you in my last video. Had to make an adjustment to each because of the strong down move in the market which also affected…
Read MoreNo Stress Options Trade
Here is a trade I just put on in my personal account. The stock is NLY. The trade is a simple Put credit spread Sell to Open Oct 16 Puts (.40) Buy To Open Oct 15 Puts (.26) for a credit of .14 cents per spread. Trade has a 74% probability of success. And can…
Read MoreGLD Calendar Spread Option Update
Calendar spread option update: It’s been a few days and GLD continues moving up slowly. The weekly calendar needed to be adjusted but since it expires today I am not posting the picture here. The Oct/Nov Calendar is still within the breakevens. It is trading right now at $126.72 and the upside breakeven is $127.95.…
Read MoreIron Condor Option: Sample Iron Condor Trade
Iron Condor Option: Sample Iron Condor Trade Here is an iron condor option trade I am looking at today. Iron Condor in YUM: Sell 6 Sept 46 Calls, Buy 6 Sept 48 Calls Sell 6 Sept 42 Puts, Buy 6 Sept 40 Puts Thinkorswim is showing the mid price to be .18 cents. So…
Read MoreOption Return: 17.39% in Just One Day
Would you like a 17% one day option return? That’s what one of my members got today. He actually did much better than I did. I am still in this trade. He was able to get in at a much better price than I did yesterday and already exited the trade today. Butterfly option trade…
Read MoreAnother Way To Play The Option Volatility
Stock option volatility Option Volatility: Got a great email from a member about how he made some quick profits from the recent volatility… “Allen, I had a wonderful two days with this volatility, by changing your procedure slightly. The changes I implemented are: 1. When it looks like we are in a bearish market, do…
Read MoreOption Credit Spreads: How Wide Should Your Strikes Be?
Got the following question this week about option credit spreads: First, thank you for providing a great service. I have been trading options for about a year and have learned a lot from your tips and alerts. Now, I have a question about position sizing. I am trading $100k of my funds using your alerts.…
Read More"The Iron Condor is not boring."
Hi, I just went through the course. I have a question on the iron condor. I had subscribed to another site that did those. They said they picked strike prices far away from the current price so that the odds were better than 90% that they would make money. Of course the market started to…
Read More“The Iron Condor is not boring.”
Here’s an iron condor option trading concern from one of our members: Hi, I just went through the course. I have a question on the iron condor. I had subscribed to another site that did those. They said they picked strike prices far away from the current price so that the odds were better than…
Read More"The Iron Condor is not boring."
Hi, I just went through the course. I have a question on the iron condor. I had subscribed to another site that did those. They said they picked strike prices far away from the current price so that the odds were better than 90% that they would make money. Of course the market started to…
Read More