by Tim Biggam | Jul 24, 2016 | Uncategorized
Our AMZN Call Spread expired worthless and we kept the entire 0.45 initial net credit for a 21.95% gain. Our NE short calls expired worthless..I will look to sell additional calls tomorrow.
by Tim Biggam | Jul 19, 2016 | Uncategorized
Noble Corp (NE) saw big and unusual call volume yesterday in the 7/22/16 8 calls. Over 30,000 contracts traded, with implied volatility jumping from under 60 to over 80. This sets up a covered call trade with edge, buying the underlying shares and selling the July 8...
by Tim Biggam | Jul 12, 2016 | Uncategorized
Prime Day has come and gone for AMZN, with the stock reacting poorly post sales numbers release. Given the huge rally in the stock in anticipation, I think the short term high is likely in place for the time being in AMZN. A bearish short call spread makes sense to me...
by Tim Biggam | Jul 5, 2016 | Uncategorized
Market getting hit, with VIX popping. Let’s grab a nice one day gain of 51% on our puts. . CLOSE OUT Sell to close SPY July 210 puts @ 2.65 These expire 7/15/16
by Tim Biggam | Jul 1, 2016 | Uncategorized
The market is getting way overbought, with VIX now below 15. Option prices getting really cheap. Makes probabilistic sense to take a counter trend bearish position..lose a little versus make a lot. TRADE IDEA Buy to open SPY July 210 puts @ 1.75 These expire...
by Tim Biggam | May 31, 2016 | Uncategorized
The SPY May 207.50 puts expired worthless, so we kept the initial premium that we received. Let’ s sell another put against our long 6/10/16 SPY 209 put position that we still hold. TRADE IDEA Sell to open SPY June 208 puts @ 0.35 to open These expire 6/3/2016...
by Tim Biggam | May 25, 2016 | Uncategorized
VIX is below 14, which is getting very complacent. In the past these have been prescient times to take a short position via a long put. Let’s hedge it further by selling some short term options against it to create a spread. TRADE IDEA Buy to open SPY June 209...
by Tim Biggam | May 20, 2016 | Uncategorized
Apple put spread will expire worthless and we will keep the premium. Exxon Mobil spread (XOM) needs to be closed out at the best price possible before the close today since it is is right at the 90 strike.
by Tim Biggam | May 14, 2016 | Uncategorized
TRADES THIS WEEK The portfolio exited the AMZN Put calendar trade at 5.20 for a quick two day gain of 10%. entering at 4.70 and exiting at 5.20. OPEN POSITIONS Portfolio is short two spreads, the AAPL May 90/88 bull put spread and the XOM May 87.50/90 bear call...
by Tim Biggam | May 13, 2016 | Uncategorized
AMZN is dropping here, so let’s offer the spread @ 5.20 to see if we can fill. TRADE IDEA Buy to close AMZN May 700 puts (expire 5/13/16) Sell to close AMZN May 700 puts (expire (5/20/16) 5.20 net...
