Forgotten Profits Trade Setup Archive

Below you'll find Ian's setups stacked up and ordered chronologically. As this service once resided at another home, the alerts only go back to mid July. For a full track record, see the portfolio.

Trade Idea | SPY | October 3, 2017

Oct 3, 2017 | 7:26 am

SPY has been up six days in a row, getting overbought on every metric. VIX approaching all time lows, so options are uber cheap.

Taking  a counter trend bearish put position

 

TRADE IDEA

Buy to open SPY October 252.50 puts @ $1.40

These expire 10/20/17

 

Close Out | JPM | September 25, 2017

Sep 25, 2017 | 8:14 am

JPM is dropping sharply along with the rest of the market. Let’s use the weakness to grab a nice gain in about an hour.

 

CLOSE OUT
Sell to close JPM October 94 puts @ 2.10
These expire 10/20/2017

Trade Idea | JPM | September 25, 2017

Sep 25, 2017 | 7:23 am

Bank stocks have been on fire even with the yield curve flattening and trading revenues weakening.
Let’s use the low levels of implied volatillity to get into some dirt cheap puts for a counter tend trade.
TRADE IDEA
Buy to open JPM October 94 puts @ 1.75
These expire 10/20/2017

Trade Idea | SPY | September 11, 2017

Sep 11, 2017 | 4:06 pm

Markets screamed higher on news that Hurricane Irma wasn’t catastrophic and that North Korea tensions have eased. So not bad news is now good news. Stocks at basically all-time highs and implied volatility (option prices) nearing historic lows. With seasonality entering a bearish period, let’s add some SPY puts on the open tomorrow and play for a counter trend reversal.

TRADE IDEA

Buy to open SPY October 249 puts at 3.00 or better. 

These expire 10/20/17

Trade Idea | TSLA | August 3, 2017

Aug 3, 2017 | 8:35 am

Tesla just reported earnings that are being extremely well received…perhaps a little too well received.

Let’s take a counter trend put position

TRADE IDEA

Buy to open TSLA August $335 puts at $5.40

These expire 8/18/17

Trade Idea | May 22, 2017 | SPY

May 22, 2017 | 11:03 am

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

CLOSEOUT | May 18, 2017 | SPY

May 17, 2017 | 3:39 pm

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 237 puts at the market 

 These expire 6/16/17

TRADE IDEA | May 4, 2017 | SPY

May 4, 2017 | 12:08 pm

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 6/1/6/17

Close Out | April 21, 2017 | AMZN

Apr 21, 2017 | 6:43 am

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 sure the position is closed out by end of day to avoid assignment risk