Publications

SPY: Avoid Dividend Early Assignment Risk

 Put-Spread Conversion on SPDR S&P 500 ETF (NYSE: SPY) in September “Buy to Close” September $199 Call and “Sell to Close” September $196 Call and “Buy to Open” September $196 Put and “Sell to Open” September $199 Put Option Symbols: SPY150918C196 and SPY150918C199 and SPY150918P196 and SPY150918P199 Limit Order Price: Net credit $3.45 or more ($345 per spread)–day order If your […]… Read More

9/17/15 Trade Alert: Put-Spread Conversion and Ex-Dividend Date

 Put-Spread Conversion on SPDR S&P 500 ETF (NYSE: SPY) in September (5th Week) “Buy to Close” September (5th week) $198 Call and “Sell to Close” September (5th week) $203 Call and “Buy to Open” September (5th week) $203 Put and “Sell to Open” September (5th week) $198 Put Option Symbols: SPY150930C198 and SPY150930C203 and SPY150930P198 and SPY150930P203 Limit Order Price: […]… Read More

9/17/15 Trade Alert: Bearish Delight

Please Note: Four Separate Trades 1. Call Credit Spread on Cirrus Logic (Nasdaq: CRUS) “Buy to Open” October $36 Call and “Sell to Open” October $31 Call Option Symbols: CRUS151016C36 and CRUS151016C31 Limit Order Price: Net credit of $1.05 or more ($105 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral […]… Read More

9/15/15 Trade Alert: Staying in the Game

Please Note: Two Separate Trades 1. Vertical Roll on Helmerich & Payne (NYSE: HP) to December “Buy to Open” December $50 Call and “Sell to Open” December $60 Call Option Symbols: HP151218C50 and HP151218C60 Limit Order Price: Net debit of $3.15 or less ($315 per spread)–good-til-canceled (GTC) order Directional View for Underlying Stock: Bullish Options […]… Read More

9/15/15 Trade Alert: Fed Decision May Cause Short Squeeze

Note to Beta Test Group: Welcome to this elite group of option traders! You are helping me develop my next options service, which will be focused on higher-return, shorter-term, and higher-risk trades. Just think of Option for Income’s (OFI) “gunslinger” trades for the risk level. But unlike most OFI’s gunslinger trades which have been non-directional […]… Read More

SPY: Fed Decision May Cause Short Squeeze

Note to Beta Test Group: Welcome to this elite group of option traders! You are helping me develop my next options service, which will be focused on higher-return, shorter-term, and higher-risk trades. Just think of Option for Income’s (OFI) “gunslinger” trades for the risk level. But unlike most OFI’s gunslinger trades which have been non-directional […]… Read More

9/10/15 Trade Alert: Ice the Spy

Please Note: Four Separate Trades 1.Put Credit Spread on SPDR S&P 500 ETF (NYSE: SPY) “Buy to Open” December $185 Put and “Sell to Open” December $190 Put Option Symbols: SPY151219P185 and SPY151219P190 Limit Order Price: Net credit of $1.50 or more ($150 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: […]… Read More

9/3/15 Trade Alert: This is Not a Drill

Please Note: Four Separate Trades 1. Put Credit Spread on Parker-Hannifin (NYSE: PH) “Buy to Open” November $95 Put and “Sell to Open” November $100 Put Option Symbols: PH151120P95 and PH151120P100 Limit Order Price: Net credit of $1.20 or more ($120 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

9/1/15 Trade Alert: Downer

Please Note: Two Separate Trades 1. Vertical Roll on The Coca-Cola Company (NYSE: KO) to November “Buy to Close” September $42 Put and “Sell to Close” September $39 Put and “Buy to Open” November $37 Call and “Sell to Open” November $42 Call Option Symbols: KO150918P39 and KO150918P42 and KO151120C37 and KO151120C42 Limit Order Price: Net […]… Read More

8/28/15 Trade Alert: September Mourn

Please Note: Two Separate Trades 1. Vertical Roll on Berkshire Hathaway Class B (NYSE: BRK-B) to December “Buy to Close” September $140 Put and “Sell to Close” September $135 Put and “Buy to Open” December $130 Call and “Sell to Open” December $140 Call Option Symbols: BRKB150918P135 and BRKB150918P140 and BRKB151218C130 and BRKB151218C140 Limit Order […]… Read More