Markets are back at all time highs and IV is back near recent lows. Let’s use the opportunity to get back into SPY puts. TRADE IDEA Buy to open SPY July 235 puts @ 2.60 to open These expire 7/ 21/17
Today saw the biggest sell off in the market in nine months…VIX exploded as well. Both are a boon to our SPY June 237 puts. Let’s use the weakness to take some nice gains. Enter the order before the open tomorrow. . CLOSE OUT Sell to close SPY June...
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...
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...
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...
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...
