Publications

6/23/16 Trade Alert: Brexit or Bremain Rolls

Please Note: Three Separate Trades    1. Vertical Roll on CurrencyShares Japan (NYSE: FXY) to August (1st week) “Buy to Close” July (1st week) $89 Call and “Sell to Close” July (1st week) $94 Call and “Buy to Open” August (1st week) $94.50 Call and “Sell to Open” August (1st week) $89 Call Option Symbols: FXY160701C89 and FXY160701C94 and FXY160805C89 and FXY160805C94.5 Limit Order Price: Net credit of […]… Read More

6/23/16 Trade Alert: Search the Exchange

 Please Note: Three Separate Trades   1. Put Credit Spread on Nasdaq, Inc. (Nasdaq: NDAQ) “Buy to Open” September $57.50 Put and “Sell to Open” September $62.50 Put Option Symbols: NDAQ160916P57.5 and NDAQ160916P62.5 Limit Order Price: Net credit of $1.40 or more ($140 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral […]… Read More

LLY, NKE, WBA: Good Drug, Bad Drug

[jwplatform gUoijFvC]   Please Note: Three Separate Trades   1. Put Debit Spread on Walgreens Boots Alliance (Nasdaq: WBA) “Buy to Open” July (1st week) $83.50 Put and “Sell to Open” July (1st week) $82.50 Put Option Symbols: WBA160701P83.5 and WBA160701P82.5 Limit Order Price: Net debit of $0.50 or less ($50 per spread) – good ’til […]… Read More

DISH, GS, JNJ, MSFT: Know When to Fold ’em

Please Note: Four Separate Trades    1. Vertical Roll on Dish Network (NYSE: DISH) to July “Buy to Open” July $45 Put and “Sell to Open” July $52.50 Put Option Symbols: DISH160715P45 and DISH160715P52.5 Limit Order Price: Net credit of $1.60 or less ($160 per spread)–day order Directional View for Underlying Stock: Neutral to Bullish Trade Style: Time-Value Decay — Moderate Margin requirement per spread: $750 […]… Read More

6/17/16 Trade Alert: Last-Second Rolls

Please Note: Six Separate Trades.  Normally, I would close out the expiring June spreads as part of four-legged rolls even though they are set to expire worthless because I want to avoid the temporary double margin and the black-swan possibility of a double loss, but I’m running late and needed to speed things up to get […]… Read More

6/16/16 Trade Alert: Europe and America

Note: Four Separate Trades    1. Put Credit Spread on Shire plc (Nasdaq: SHPG) “Buy to Open” July $160 Put and “Sell to Open” July $165 Put Option Symbols: SHPG160715P160 and SHPG160715P165 Limit Order Price: Net credit of $1.95 or more ($195 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

6/14/16 Trade Alert: Four June Rolls

Please Note: Four Separate Trades   1. Vertical Roll on Abbott Laboratories (NYSE: ABT) to August “Buy to Close” June $39 Put and “Buy to Open” August $30 Put and “Sell to Open” August $38 Put Option Symbols: ABT160617P39 and ABT160819P30 and ABT160819P38 Limit Order Price for three-legged vertical roll: Net credit of $0.10 per share or more ($10 per spread)–Good til canceled (GTC) For those using […]… Read More

FLR, HLF, WMT: No More Pyramids

[jwplatform 3d2gQGmn]   Please Note: Three Separate Trades   1. Call Debit Spread on Herbalife (NYSE: HLF) “Buy to Open” June (4th week) $60.50 Call and “Sell to Open” June (4th week) $61.50 Call Option Symbols: HLF160624C60.5 and HLF160624C61.5 Limit Order Price: Net debit of $0.50 or less ($50 per spread) – good ’til canceled (GTC) […]… Read More

6/13/16 Trade Alert: Volatility is Rising

1. Vertical Roll on Volatility Index (VIX) to August “Buy to Close” June $18 Put and “Buy to Open” August $13 Put and “Sell to Open” August $17 Put Option Symbols: VIX160615P18 and VIX160817P13 and VIX160817P17 Limit Order Price for Three-Legged Vertical Roll: Net credit of $0.50 or more ($50 per spread) For those using thinkorswim, use the “butterfly” order type […]… Read More

GS, PFE: Rinse and Repeat Rolls

Please Note: Two Separate Trades    1. Vertical Roll on Goldman Sachs (NYSE: GS) to June (3rd week) “Buy to Close” June (2nd week) $157.50 Put and “Sell to Close” June (2nd week) $152.50 Put and “Buy to Open” June (3rd week) $142 Put and “Sell to Open” June (3rd week) $150 Put Option Symbols: GS160610P152.5 and GS160610P157.5 and GS160617P142 and GS160617P150 Limit Order Price: Net debit of […]… Read More