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Posts Tagged With 'options trading'

Posted by Martin March 27, 2017

What a day today!

SPX opened down significantly as investors digested Trump’s healthcare failure. At least that’s what headlines were showing this morning. Evidently, they had great digesting today as the markets recovered most of the losses and went from 0.98% loss to about 0.10% at the end of the day. Let’s just hope that they will not suffer 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 →

Posted by Martin March 10, 2017

Third US Steel (X) strangle trade adjustment

I have three strangle trades with X as underlying. Two of the trades we already rolled into the next week. Now was the time to roll the last one since the stock continued sliding down.     Here is a trade we had:   -3 X Mar10 37.50 calls -3 X Mar10 40.50 puts   Continue reading →

Posted by Martin March 09, 2017

Seagate Technology (STX) triple play trade adjustment after stock drop

You can predict the market all day long and yet you will end up 50% chance of being wrong. Sometimes you will be wrong right at the beginning of the trade. And that is a reason why I do not predict the market or stocks’ move. You plan a trade, set expectations, and everything runs Continue reading →

Posted by Martin March 09, 2017

X strangle adjustment

Our calls from the next week trade with 38.50 strike got closed for 0.05 debit right now. We are left with 37.00 puts available to be rolled. We will roll the puts into the next week and sell new calls against it to create a new strangle. Here is the trade we will be doing: Continue reading →

Posted by Martin March 08, 2017

US steel (X) strangle trade roll

Another of my strangle trade against US Steel (X) got ready for a roll. As my calls against US Steel (X) got closed today, I decided to roll the puts into the next week:   BTC 1 X Mar3 38.50 put STO 1 X Mar 17 37.50 put STO 1 X Mar17 37.00 call @ Continue reading →

Posted by Martin March 07, 2017

STX dividend capture – triple play

We are opening a new triple play – dividend capture trade against STX (Seagate technology) stock. The stock has ex-dividend on March 20th so we must become owners of the stock before that day. This goes perfectly with the March 17th options expiration. We can sell naked (or cash secured) puts, collect premium, and let Continue reading →

Posted by Martin March 03, 2017

X trade adjustment

We have a three trades using US Steel (X) as underlying stock. The stock is not one I would normally buy as a long term investment, but it is a great stock to trade options against it. As of today, we have 3 March 10 inverted strangle contract, 1 March 10 strangle, and 1 March Continue reading →

Posted by Martin January 06, 2017

January 2017 goal

Lately, I was reviewing our portfolio and analyzing what went wrong and why I no longer feel comfortable with it and with my trading. It is something I struggle with – over trading. So what I did wrong that put me out of my comfortable zone?   First, I set a wrong plan. I calculated Continue reading →