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Posts Tagged With 'strangles'

Posted by Martin July 03, 2017

TECK strangle trade

UPDATE: July 03, 2017 (TRADE CLOSED)   We closed our put side July 14th 16.00 puts for 0.08 debit. This closes the trade for a total profit of 0.70 or $70 premium. This represents the gain of 4.24% for the trade in 42 days or 36.87% annualized profit.   UPDATE: June 16, 2017   Our Continue reading →

Posted by Martin June 28, 2017

TECK strangle trade #2

UPDATE: June 28, 2017   We have 2 days to expiration for this trade and our put side just closed for 0.02 debit:   BTC 1 TECK Jun30 16.00 put @ 0.02 debit   We still hold our Jun30 16.50 calls but they are now in the money. I do not expect the stock to 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 16, 2017

Trading Diary #5 – stock market in confirmed downtrend

As I wrote in my last trading diary #4 the market struggled to break the downtrend line. Here is a chart I posted the other day to show my point stating that the market had to break above the line (marked with blue arrows):    

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 January 02, 2017

How I trade strangles

In my previous post I wrote about predicting the market or stock moves and that I do not do it and why. Yet people keep asking me how do I select stocks to trade and how do I trade them when I do not predict their moves and do not study them. I understand their Continue reading →