by Tim Biggam | Aug 12, 2016 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
The TSLA August $225 puts are back in the money, so make sure you close out the position before the end of trading today to avoid assignment CLOSE OUT Buy to close TSLA August $220 puts Sell to close TSLA August $225 puts Best price possible before the close...
by Tim Biggam | Aug 11, 2016 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
TSLA is pulling back some more, so let’s sell some additional premium against the $225 puts were are currently long. TRADE IDEA Sell to open TSLA August $220 puts @ 0.50 These expire 8/12/2016 Sell same number as TSLA $225 puts you are...
by Tim Biggam | Aug 7, 2016 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
The TSLA short term puts that we sold expired worthless, allowing us to keep the 0.30 premium for a gain. We are still long the TSLA August $225 puts that expire this Friday. With VIX at the lowest level in a year, option buying strategies are looking attractive....
by Tim Biggam | Aug 5, 2016 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
TSLA is selling off, so let’s take advantage and grab some premium that expires today. TRADE IDEA Sell to open TSLA August $225 puts @ 0.30 (these expire today-8/5/16) Sell same amount as 8/12/16 $225 puts you are currently...
by Tim Biggam | Aug 4, 2016 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
Tesla Motors (TSLA) just reported earnings that were ok, but with a cash burn rate that was alarming. Stock not reacting…yet. Let’s take a guarded bearish stance..IV collapsed post earnings, so puts are cheap. TRADE IDEA Buy TSLA August 222.50 puts @ 4.50...
by Tim Biggam | Jul 26, 2016 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
Caterpillar (CAT) reported earnings that beat but lowered guidance substantially. The stock is off to the races post earnings, now trading at the highest P?E multiple in over 8 years. Implied volatility has cratered, making a counter trend put play very cheap. TRADE...
by Tim Biggam | Jul 24, 2016 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
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 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
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 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
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 | Forgotten Profits, Rapid Retirement System, Trade Alerts, Trade Alerts
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
