[IgorKeymaster]

Here’s one possible adjustment going forward:

[IgorKeymaster]

TSLA at 744

I’m looking for a move towards 800 over the next week or so.

This is a broken wing call butterfly.

I’m buying a 750/800 call spread and I’m selling 800/860 call spread to help offset the cost of the call spread I am buying.

Here’s what this trade looks like:

Risk Profile:

Order Ticket:

[Gabriel SKeymaster]

I’m rolling the lower butterfly up. Not adding a 3rd fly in order to keep deltas from going too negative:

Order ticket #1

Order Ticket #2

New Risk profile

• This reply was modified 3 years, 9 months ago by  Gabriel S.
• This reply was modified 3 years, 9 months ago by  Gabriel S.
• This reply was modified 3 years, 9 months ago by  Gabriel S.
• This reply was modified 3 years, 9 months ago by  Gabriel S.
• This reply was modified 3 years, 9 months ago by  Gabriel S.
• This reply was modified 3 years, 9 months ago by  Gabriel S.
• This reply was modified 3 years, 9 months ago by  Gabriel S.

[IgorKeymaster]

ULTA at 389.62

I’m looking for a move towards 330

This is an unbalanced put condor. I’m buying a 390/360 put debit spread and I’m selling a 320/300 put credit spread to partially cover the cost of the debit spread.

This condor has no risk on the downside, max risk is the debit paid. Size accordingly.

Risk Profile:

Order Ticket:

[IgorKeymaster]

SPX at 3772

I’m going to initiate a Bear Trap (aka 112) with 2 weeks until expiration.

Here’s my set up:

1. Buy To Open (1) 25 point wide put debit spread for around 3.00
2. Sell To Open (2) OTM puts for about 1.50 each to cover the cost of the long put spread.

I spent 3 to buy a put spread and I collect 3 by selling the OTM puts.

This trade does require quiet a bit of margin and using a Portfolio Margin account is required.

Similar trade can be set up using SPY, it should be a little more friendly for BPR.

Risk Profile:

[IgorKeymaster]

STZ at 230.62

This is a bearish trade set up, looking for a move below 225

Risk Profile:

Order Ticket:

[IgorKeymaster]

ULTA at 369.03

This trade is showing +30% in 6 days and it’s not a bad idea to either take profits or adjust to reduce risk

Here’s closing order ticket:

[IgorKeymaster]

ETSY at 90.43

I’m looking for a countertrend move towards 100-105

This is an OTM Call Butterfly

Risk Profile:

Order Ticket:

[IgorKeymaster]

MSFT at 265

The daily chart of MSFT is looking pretty good with a minor resistance around 275

I’m going to pick up a call with 72 days until expiry and will likely sell a call with shorter time until expiration to offset the cost of the long option

Chart:

Risk Profile:

Order Ticket:

[Gabriel SKeymaster]

I’m going to start unwinding this position.

Closing the lower butterfly first:

New Risk Profile:

[IgorKeymaster]

AMD at 78.96

I’m going to pick up a long call in Aug expiry and possibly sell something against it to reduce cost of this trade. This is a bullish bet by Aug expiration.

Risk Profile:

Order Ticket:

[IgorKeymaster]

STZ at 243.64

This name came up on one of my bullish scans and the chart looks like it is improving. I’m going to stop out of this trade for now, will watch for a long entry.

Order Ticket:

[Gabriel SKeymaster]

I’m taking profits here after 32 days in this trade. RUT is looking bullish and we have negative deltas. At 21 DTE I don’t want to be doing any more adjustments. I rather start a new trade.

[IgorKeymaster]

TSLA at 758

We have the long 750 call about 8pt ITM

I’m going to roll this call up to 780 strike, taking all of the downside risk.

Order Ticket:

Risk Profile:

[IgorKeymaster]

JNJ at 179.54

I’m going to pick up an ATM call in JNJ with 4 months until expiry. The chart is setting up and it showed up on one of my bullish scans.

Risk Profile:

Order Ticket:

[Author]

Posts