Trade Idea – TSLA – January 22. 2020

Tesla is getting to extreme levels and finally showing some give back. Let’s position for the rally to stall with a short term bear call spread. ACTION Sell to open TSLA 1/24/2020 $605 calls  and Buy to open TSLA 1/24/2020 $610 calls  For a 1.40 net credit w...

Close Out AAPL Spread – (12/6/19)

Apple has rallied too hard for our original calendar spread. Let’s close out and move on. Make sure to close out by the end of trading today. CLOSE OUT Buy to close AAPL 12/6/2019 $260 calls and Sell to close AAPL 12/13/2019 $260 calls for a $0.70 net...

AAPL Call Calendar – December 3, 2019

Apple has been hit hard on China tariff fears but is beginning to firm up .Let’s jump in with a counter trend short term call calendar spread.   TRADE IDEA Buy to open AAPL 12/13/2019 $260 calls  and Sell to open AAPL 12/6/2019 $260 calls  for a $1.60 net...

Close Out TGT Calendar – (11/21/19)

TGT is finally lower today after being higher every day post trade. Not much premium left on our shorts. Let’s exit for a minor flesh wound.   CLOSE OUT Buy to close TGT 11/22/2019 $124 puts and Sell to close TGT 11/29/2019 $124 puts for a 35 cents net...

TGT Put Calendar – (11/20/19)

Target (TGT) reported earnings that beat, but stock is getting a little extended. Still have a very nice term structure of vol edge as well.   TRADE IDEA Buy to open TGT 11/29/2019 $124 puts and Sell to open TGT 11/22/2019 $124 puts for a 40 cents net debit...