by Tim Biggam | May 4, 2017 | Uncategorized
VIX is still well below 11…market looking very toppy after AAPL, FB and TSLA earnings. Oil getting killed. China starting to crack. Let’s buy some cheap puts to play for a pullback. TRADE IDEA Buy to open SPY June 237 puts @ 2.75 These expire...
by Tim Biggam | Apr 21, 2017 | Uncategorized
Our AMZN spread expires today…it is just out of the money, but close enough to warrant closing out. Will be for a gain, just not a full gain. TRADE IDEA Sell AMZN April 905 calls Buy AMZN April 900 calls For a 40 cent net debit These expire 4/21/17 Make...
by Tim Biggam | Mar 30, 2017 | Uncategorized
Jeff Bezos just past Warren Buffett as second richest man…likely signals over exuberance in Amazon (AMZN) . Let’s sell an out of the money call spread to position in a guardedly bearish fashion. TRADE IDEA Sell AMZN April 900 calls Buy AMZN April 905...
by Tim Biggam | Feb 21, 2017 | Uncategorized
Our original trade idea below: TRADE IDEA Buy to open TGT Feb $60 puts and sell to open TGT Feb $62.50 puts for a 60 cents net credit. These are the traditional monthly options that expire 2/17/17. Expired worthless and we were able to keep the initial 60 cents net...
by Tim Biggam | Feb 16, 2017 | Uncategorized
Goldman Sachs is finally dropping..lets grab the one day gains CLOSE OUT Sell to close GS March 250 puts @ 6.3
by Tim Biggam | Feb 15, 2017 | Uncategorized
The market continues to defy logic and continues to rally unabated…for now. Financials have been the biggest culprits, with nearly every one at all time highs. Today, however, the rally is at least slowing. let’s jump in and take a counter trend bearish...
by Tim Biggam | Jan 24, 2017 | Uncategorized
Shares of TGT are beginning to look attractive on both a valuation and dividend yield basis following a sharp sell-off post lowered guidance. Let’s position for a a consolidation with a bull put spread. TRADE IDEA Buy to open TGT Feb $60 puts and sell to...
by Tim Biggam | Nov 18, 2016 | Uncategorized
Caterpillar (CAT) is finally heading our way..let’s close out for a nice 20% gain. CLOSE OUT Buy to close CAT November 90 puts (expire 11/18/16) Sell to close CAT December 92.50 puts (expire 12/16/16) 2.60 net credit...
by Tim Biggam | Nov 10, 2016 | Uncategorized
Caterpillar (CAT) is approaching overbought levels rarely seen, along with implied volatility readings in the lower 10% percentile. I like this combination of expensive stock and cheap options, so let’s jump in and take a short term counter-trend bearish put...
