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Options Strategies
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Re: Weeks 58-59 // Tuesday Morning PreviewMonday saw a garden variety down day in the market, with big cap stocks losing 1-2% at most. I executed no trades, although today I will sell the one NVDA 185/187.50 call spread that I'm able to do against the short 185/182.50 put spread. I'll probably get around $1.00 for it. Tuesday's NAZ futures are flat to down slightly with the Middle East situation still murky. Sometime on Wed or Thu, I will need to decide how far to push the iTM spreads so that they end up OTM at 4pm on Friday. Meanwhile, to capture some decent option premium earlier in the week, I am providing one iron condor trade for expiration this Friday. It is based on the recent high/low of this stock over the last 2 weeks. I have a high level of confidence in this trade given the recent strong support at the low end of this position: LT1: Sell AMZN 1850/1852.50 call spread AND Sell AMZN 1805/1802.50 put spread for > +1.45 (if possible) I expect to see the stock move higher over the week as it refused to head below $1800 recently. This trade is currently marked at +1.75 so you should be able to get at least the amount suggested. Do NOT execute this trade if AMZN dips below $1800 in the early going. I'll wait 10-15 minutes before hitting the 'sell' button myself. Meanwhile, nothing has changed below except for the closing prices from Monday. RO54: Short (20) AMZN 1832.50/1835 call spreads RO54A: Sold 20 AMZN 20 Sep 1832.50/1830 put spreads for +.91 (+18.20) Closed at $1807.84. Thesis: 1832.50-1832.50 Premium total: +18.20 RO55: Short (10) AMZN 1835/1832.50 put spreads RO55A: Sold 10 AMZN 20 Sep 1835/1837.50 call spreads for +1.22 (+12.20) Closed at $1807.84. Thesis: 1835-1835 Premium total: +12.20 RO56: Short (24) AMZN 1840/1837.50 put spreads RO56A: Sold 24 AMZN 20 Sep 1840/1842.50 call spreads for +1.14 (+27.36) Closed at $1807.84. Thesis: 1840-1840 Premium total: +27.36 RO57: Short (6) GOOGL 1210/1207.50 put spreads RO57A: Sold 6 GOOGL 1210/1212.50 call spreads for +1.23 (+7.38) Closed at $1231.63. Thesis: 1210-1210 Premium total: +7.38 RO58: Short (16) GOOGL 1215/1212.50 put spreads RO58A: Sold 16 GOOGL 20 Sep 1215/11217.50 call spreads for +1.17 (+18.72)Closed at $1231.63. Thesis: 1215-1215 Premium total: +18.72 RO59: Short (1) NVDA 185/182.50 put spread Closed at $180.21. Thesis: >185 Premium total: .00 ================================================================= Premium Total = +18.20 +12.20 +27.36 +7.38 +18.72 +.00 = +83.86 |
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Msg # | Subject | Author | Recs | Date Posted |
3577 | Re: Weeks 58-59 // Update on RO59 (NVDA) | sandiegodude2000 | 0 | 9/17/2019 9:38:22 AM |