Publications

8/5/15 Trade Alert: August is the Cruelest Month

Please Note: Two Separate Trades 1. Vertical Roll on Apple (Nasdaq: AAPL) to September “Buy to Close” August $125 Put and “Sell to Close” August $120 Put and “Buy to Open” September $110 Call and “Sell to Open” September $120 Call Option Symbols: AAPL150821P120 and AAPL150821P125 and AAPL150918C110 and AAPL150918C120 Limit Order Price: Net debit of […]… Read More

7/30/15 Trade Alert: Back to Booze

Please Note: Five Separate Trades 1. Put Credit Spread on Diageo (NYSE: DEO) “Buy to Open” October $105 Put and “Sell to Open” October $110 Put Option Symbols: DEO151016P105 and DEO151016P110 Limit Order Price: Net credit of $1.45 or more ($145 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

7/23/15 Trade Alert: Calling All Architects

Please Note: Two Separate Trades 1. Put Credit Spread on Autodesk (Nasdaq: ADSK) “Buy to Open” September $45 Put and “Sell to Open” September $50 Put Option Symbols: ADSK150918P45 and ADSK150918P50 Limit Order Price: Net credit of $1.15 or more ($115 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

7/21/15 Trade Alert: Calendar Returns

Please note: The following SPY trade applies only to those OFI members who already have a position in the September $189 put. All others should ignore this SPY trade. Sell August $189 Put on SPDR S&P 500 ETF (NYSE: SPY) “Sell to Open” August $189 Put Option Symbols: SPY150821P189 Limit Order Price: $0.15 or more ($15 per […]… Read More

50-Month OFI Performance Review and Put-Spread to Call-Spread Conversions

The OFI portfolios continue to outperform the S&P 500.

Put-spread to call-spread conversions appear costly at first glance, but in reality they don’t change your margin requirement, they don’t change your profit/loss potential, they don’t change your account value, and they have the added benefits of better fill prices and the elimination of early-assignment risk.

This market briefing is vastly improved thanks to the generous contributions of OFI members Tommy D and Howard. The intelligence and generosity of OFI members is what makes the OFI experience so special. Thank you!

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7/16/15 Trade Alert: Caffeine Fast Food

Please Note: Four Separate Trades 1. Put Credit Spread on McDonald’s (NYSE: MCD) “Buy to Open” September $90 Put and “Sell to Open” September $95 Put Option Symbols: MCD150918P90 and MCD150918P95 Limit Order Price: Net credit of $1.00 or more ($100 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

7/9/15 Trade Alert: To Your Health

Please Note: Two Separate Trades 1. Put Credit Spread on Johnson & Johnson (NYSE: JNJ) “Buy to Open” September $92.50 Put and “Sell to Open” September $97.50 Put Option Symbols: JNJ150918P92.50 and JNJ150918P97.50 Limit Order Price: Net credit of $1.60 or more ($160 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: […]… Read More

7/2/15 Trade Alert: Fruit and Rolls

Please Note: Four Separate Trades 1. Put Credit Spread on Apple (Nasdaq: AAPL) “Buy to Open” August $120 Put and “Sell to Open” August $125 Put Option Symbols: AAPL150821P120 and AAPL150821P125 Limit Order Price: Net credit of $1.79 or more ($179 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

6/26/15 Trade Alert: Insurance Rolls

Please Note: Two Separate Trades 1. Vertical Roll on Chubb (NYSE: CB) to October “Buy to Close” July $100 Put and “Sell to Close” July $95 Put and “Buy to Open” October $90 Put and “Sell to Open” October $100 Put Option Symbols: CB150717P95 and CB150717P100 and CB151016P90 and CB151016P100 Limit Order Price: Net credit of $0.85 or more ($85 […]… Read More

6/25/15 Trade Alert: July Prophylactic

Please Note: Six Separate Trades 1. Put Credit Spread on NASDAQ OMX Group. (Nasdaq: NDAQ) “Buy to Open” September $44 Put and “Sell to Open” September $49 Put Option Symbols: NDAQ150918P44 and NDAQ150918P49 Limit Order Price: Net credit of $1.10 or more ($110 per spread) – good ’til canceled (GTC) Directional View for Underlying Stock: […]… Read More