Tuesday, January 23rd, 2018

Closed  call side of RUT IRON CONDOR. RUT is down 16.31 today. Now the risk is on the downside. BUY RUT 810 SEPT CALLS SELL RUT 820 SEPT CALLS NET DEBIT= 0.15      Net profit =0.40                     Yield =0.4/5= 8 % Initial Trade : SELL RUT 810 SEPT CALLS BUY RUT 820 SEPT CALLS    NET CREDIT= $0.55             Iron Condor total […]

The market is up 200 today with NDX and RUT up 40 and 17 points at one time. This could be a follow through day as per Investors Business Daily- perhaps. I took the opportunity and closed both trades as the theta ( time decay ) is minimal and its tying up margins in our […]

QQQQ SELL AUGUST 46 CALL  BUY AUGUST 46 CALLS  Net debit= 0.74 This is qqqq guerrilla trade for rapid gains next 20 days till expiration. Break even are 44.30 and 48.40 another leg can be added to this if QQQQ’s start trading down next week.

IWM Calendar spread. SELL AUGUST 70 PUTS  BUY SEPTEMBER 70 PUTS       Net debit = 1.08                              SELL AUGUST 71 PUTS    BUY SEPTEMBER 71 PUTS    Net debit= 1.08   Break evens on expiration 67.22 and 74.44  Due to the rising market this trade may need one or two adjustments during its 24 day periods. This is called a […]