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Date: 07/16/2021
SPX at 4302
I’m going to take this trade off for a profit. My goal was to capture $1.00 profit and it could have been possible if IV hasnt spiked the way it did. Right now this trade is very close to profit target and I will head for the exit.
We have a decent push lower and our hedges are paying off. I’m going to roll down 435 put to 425 strike, collecting 4.25 credit
DOCU at 296.71
I’m looking for a move towards 310 over the next 30 days. This is a full risk trade with no risk on the upside. I’m buying a 10pt wide call debit spread and I’m selling a 5pt wide call credit spread. This makes it a broken wing call butterfly.
Risk: 2.40
Reward: 2.60-8.60
POP: 42%Chart:
Risk Profile:
Order Ticket:
SHOP at 1524
I’m looking for a move towards 1570 over the next few weeks. I’m going with an In/Out spread, buying a 5pt wide call debit spread, looking to pay no more than 50% of the width of the spread.
Risk: 2.40
Reward: 2.60
POP: 47%Chart:
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LEN at 101.87
The stock is still setting up for a nice move (higher IMO). I am running a bit short on time as there are 28 days left until expiration. I will convert my long call spread into a broken wing call butterfly with no risk on the upside and will look to add long delta with more time until expiry.
For now, I’m going to Sell To Open 20AUG 105/110 Call spread against my long 97.5/105 Call spread
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Order Ticket:
ALGN at 637.96
This company has earnings next week and this is a big risk.
I am looking to set up a defined risk trade (because of earnings risk) by buying a 20pt wide call debit spread, partially financed by selling a 10pt wide call credit spread. Both short strikes will share the same strike and that will make it a Call Butterfly.
Risk: 3.80
Reward: 6.20-16.20
POP: 36%Chart:
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Order Ticket:
AVGO at 482.80
Daily chart looks like there a set up for a move towards 500 level. I’m going to pick up a 20pt wide call debit spread, partially financed by a short 10pt wide call credit spread. This makes it a call butterfly with no risk on the upside.
Risk: 6.00
Reward: 4.00-14.00
POP: 45%Chart:
Risk Profile:
Order Ticket:
CAT at 211.18
I’m going to set up a Call Diagonal spread ahead of earnings. I’m selling an OTM option in 20AUG expiry and I’m buying an ATM option in 17SEP expiry. I am going to risk 50-70% of premium paid for this trade.
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RUT gapped passed the stop loss level and it’s time to pull the trade off
SHOP at 1589
I’m going to lock up this trade
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ETSY at 197.31
I’m going to book this trade for 50% win
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Date: 7/27/2021
RUT at 2251
I’m selling a 40pt wide put credit spread with about 88%POP.
I will add more at 7.00 Credit.
I will look to add ATM Put Debit Spreads on the move higher, to make this a Put Condor with no or small upside risk.
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ALGN at 678
Big move after earnings and this one is a nice winner
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