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Posted by Martin May 22, 2017

TECK strangle trade

UPDATE: May 22, 2017   This trade also executed today morning. We collected 0.55 or $55.00 dollars credit and now we are in the trade. Now we have to wait for it to develop. Ideally, we want the stock price to stay in between our short put and call strike until expiration (which is in Continue reading →

Posted by Martin May 01, 2017

AMZN earnings play

UPDATE: May 01, 2017   As AMZN continues rallying up leaving my bear call spread devastated (basically in full loss) I decided to adjust this trade once more.   Today morning, I rolled my calls and puts higher again in an attempt to improve the position:   STC 1 AMZN Jul21 935 call BTC 1 Continue reading →

Posted by Martin April 25, 2017

TECK short strangle

UPDATE: Apr 25, 2017 BTC 1 TECK Apr28 24.00 call @ 0.02 debit The company reported earnings this morning before market opening. The stock tanked almost 6%. This was great for our remaining calls. We closed our call side of the trade this morning. As of now, we are out of the entire trade for Continue reading →

Posted by Martin April 17, 2017

New STX strangle trade

Trading strangles can be very profitable trade if done correctly. Trading strangles during company earnings can be even more profitable. But is can also be quite dangerous. I am posting a new trade for you all to watch, follow or paper trade.

Posted by Martin April 03, 2017

Trading Diary #4

As I wrote in my March 2017 dividend report in an outlook that the market is on crossroads of either going higher or staying on the downward path, today’s trading showed us we are heading down.     Although the intra-day trading was quite impressive (see below) when the market could recover almost all losses, Continue reading →

Posted by Martin March 30, 2017

Trading Diary #3 (LULU) down more than 23%

LULU tragedy continued this morning when the stock opened down more than 23%. Surprisingly, it didn’t have any worse effect on my account than what was priced in last night when I recorded my notes on this piece if crap. You work hard and try to improve and make a few bucks and after you Continue reading →

Posted by Martin March 29, 2017

Trading Diary #2 (LULU) got crashed

LULU reported 1.00 EPS, WS expected 1.01 EPS. A slight miss. But the AH chart looks like an end of the world. Blame guidance which made WS over-reacting (as usual).     This is a bad blow to my account. Hope, this shit will recover by tomorrow morning opening although I have very low expectations Continue reading →

Posted by Martin March 29, 2017

Trading Diary #1

(Wednesday, March 29, 2017) Wow! And wow again. If you start predicting the market, this is what you get. I am glad I stopped predicting the market but focus on trading and adjusting those trades. But sometimes this can backfire too. Like my US Steel (X) trades which recently the stock acted so violently that Continue reading →

Posted by Martin March 15, 2017

(3) X strangle rolled

As the expiration is approaching, time to roll my ITM inverted strangle again (as I do not expect this one to expire worthless). In this roll I continue rolling my puts down and keep calls at the same level. If the stock continues moving higher, I will start rolling calls higher and keep puts at Continue reading →

Posted by Martin March 14, 2017

Seagate Technology (STX) triple play adjustment

Last week, I made an adjustment to the Seagate Technology (STX) when the stock suddenly dropped. Maybe, I was a bit hasty adjusting the trade as the stock seemed to recover the losses. The sell off happened upon a downgrade from some so-called analyst who thought he could predict the future and all those clowns Continue reading →