Publications

AXP, CSX, DISH, JPM, SPY, XLE, WDC: Unusual August

 Please Note: Seven Rolls   1. Vertical Roll on Western Digital (Nasdaq: WDC) to October “Buy to Close” August $47.50 Put and “Buy to Open” October $40 Put and “Sell to Open” October $47.50 Put Option Symbols: WDC1608195P47.5 and WDC161021P40 and WDC161021P47.5 Limit Order Price for three-legged vertical roll: Net credit of $1.60 per share or more ($160 per spread)–day order For those using thinkorswim, […]… Read More

8/19/16 Trade Alert: OFI’s Army Goes Rolling Along Part 2

 Please Note: Six Rolls   1. Vertical Roll on Harley-Davidson (NYSE: HOG) to November “Buy to Close” August  $42.50 Call and “Sell to Close” August $32.50 Call and “Buy to Open” November $40 Put and “Sell to Open” November $50 Put Option Symbols: HOG160819C32.5 and HOG160819C42.5 and HOG161118P40 and HOG161118P50 Limit Order Price: Net credit of $11.85 or more ($1,185 per spread)–day order If […]… Read More

8/18/16 Trade Alert: OFI’s Army Goes Rolling Along

 Please Note: Three Rolls   1. Vertical Roll on GlaxoSmithKline (NYSE: GSK) to November “Buy to Close” August  $47 Call and “Sell to Close” August $37 Call and “Buy to Open” November $37 Put and “Sell to Open” November $47 Put Option Symbols: GSK160819C37 and GSK160819C47 and GSK161118P37 and GSK161118P47 Limit Order Price: Net credit of $10.65 or more ($1,065 per spread)–good-til-canceled (GTC) order […]… Read More

8/18/16 Trade Alert: Jewel of a Memory

Please Note: Two New Trades and One Roll   1. Put Credit Spread on Eli Lilly (NYSE: LLY) “Buy to Open” September $75 Put and “Sell to Open” September $80 Put Option Symbols: LLY160916P75 and LLY160916P80 Limit Order Price: Net credit of $1.05 or more ($105 per spread) – good ’til canceled (GTC) Directional View for Underlying […]… Read More

8/16/16 Trade Alert: Ex-Dividend and VIX Vexation

 Please Note: Two Separate Rolls   1. Vertical Roll on Volatility Index (VIX) to August 31st “Buy to Close” August (17th) $17 Put and “Sell to Close” August (17th) $13 Put and “Buy to Open” August (31st) $12.50 Put and “Sell to Open” August (31st) $17 Put Option Symbols: VIX160817P13 and VIX160817P17 and VIX160831P12.5 and VIX160831P17 Limit Order Price: […]… Read More

COP, CSCO, JPM: Too Many Calls

 [jwplatform hJppdtQv]   Please Note: Three Separate Trades   1. Call Credit Spread on Cisco Systems (Nasdaq: CSCO) “Buy to Open” August $32 Call and “Sell to Open” August $31 Call Option Symbols: CSCO160819C32 and CSCO160819C31 Limit Order Price: Net credit of $0.50 or more ($50 per spread) – good ’til canceled (GTC) Directional View for […]… Read More

8/12/16 Trade Alert: Rolling Thunder

 Please Note: Two Separate Rolls   1. Vertical Roll on Russell 2000 Index (Chicago Options: ^RUT) to September (1st week) “Buy to Close” August $1190 Call and “Sell to Close” August $1210 Call and “Buy to Open” September (1st week) $1225 Call and “Sell to Open” September (1st week) $1205 Call Option Symbols: RUT160819C1190 and RUT160819C1210 and RUTW160902C1205 and RUTW160902C1225 Limit Order Price for four-legged vertical roll: Net […]… Read More

8/11/16 Trade Alert: Fertilize, Drink, and Gamble

Please Note: Three New Trades   1. Put Credit Spread on Agrium Inc. (NYSE: AGU) “Buy to Open” September $85 Put and “Sell to Open” September $90 Put Option Symbols: AGU160916P85 and AGU160916P90 Limit Order Price: Net credit of $1.10 or more ($110 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral […]… Read More

8/10/16 Trade Alert: Iron Rut

Please Note: The following recommended trade only applies to those OFI members who already have positions in the Russell 2000 bear call spread (1190/1210). Do NOT do this trade as an initial position.   Put Credit Spread on Russell 2000 Index (Chicago Options: ^RUT) “Buy to Open” August $1170 Put and “Sell to Open” August $1190 Put Option Symbols: RUT160819P1170 and RUT160819P1190 Limit […]… Read More

AGU, BK, CSX: Don’t Finance Your Coal Commodities

[jwplatform 6rlTSyD9]   Please Note: Three Separate Trades   1. Call Debit Spread on Agrium Inc. (NYSE: AGU) “Buy to Open” August (2nd week) $90.50 Call and “Sell to Open” August (2nd week) $91.50 Call Option Symbols: AGU160812C90.5 and AGU160812C91.5 Limit Order Price: Net debit of $0.50 or less ($50 per spread) – good ’til canceled […]… Read More