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…

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No 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…

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GLD 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.…

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Iron 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…

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Option 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…

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Another 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…

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Option 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.…

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"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…

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"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…

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“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…

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