Publications

11/19/13 Trade Alert: Volatility Phoenix

Vertical Roll on Volatility Index (VIX) to March   “Buy to Close” November $20 Put and “Buy to Open” March $12 Put and “Sell to Open” March $20 Put Option Symbols: VIX131120P20 and VIX140318P12 and VIX140318P20 Limit Order Price for Three-Legged Vertical Roll: Net debit of $3.05 or less ($305 per spread) For those using […]… Read More

11/15/13 Trade Alert: Two ATR-Inspired Rolls

1. Vertical Roll on Deere & Co. (NYSE: DE) to January “Buy to Close” November $82.50 Put and “Buy to Open” January $77.50 Put and “Sell to Open” January $82.50 Put Option Symbols: DE131116P82.5 and DE140118P77.5 and DE140118P82.5 Limit Order Price for Three-Legged Vertical Roll: Net credit of $1.50 or more ($150 per spread) — […]… Read More

11/14/13 Trade Alert: Soup and Salad

Note: Four Separate Trades 1. Put Credit Spread on Panera Bread (Nasdaq: PNRA) “Buy to Open” February $150 Put and “Sell to Open” February $155 Put Option Symbols: PNRA140222P150 and PNRA140222P155 Limit Order Price: Net credit of $1.05 or more ($105 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly bullish […]… Read More

11/12/13 Trade Alert: Berry Merger Needs a Little More Time

  Vertical Roll of Linn Energy (Nasdaq: LINE) to January   “Buy to Close” November $32 Put and “Buy to Open” January $23 Put and “Sell to Open” January $32 Put Option Symbols: LINE131116P32 and LINE140118P23 and LINE140118P32 Limit Order Price for Three-Legged Vertical Roll: Net credit of $0.50 or more ($50 per spread) For […]… Read More

11/7/13 Trade Alert: Five-Year Drought is Over

Please Note: Four Separate Trades   1. Put Credit Spread on Energy Transfer Partners (NYSE: ETP) “Buy to Open” January $47.50 Put and “Sell to Open” January $52.50 Put Option Symbols: ETP140118P47.5 and ETP140118P52.5 Limit Order Price: Net credit of $1.00 or more ($100 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral […]… Read More

11/4/13 Trade Alert: Second Taste of Honey

1. Put Credit Spread on Honeywell (NYSE: HON) “Buy to Open” December $80 Put and “Sell to Open” December $85 Put Option Symbols: HON131221P80 and HON131221P85 Limit Order Price: Net credit of $1.12 or more ($112 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly bullish Options for Income Portfolio: Conservative […]… Read More

10/31/13 Trade Alert: The Next Tesla?

Please Note: Four Separate Trades   1. Put Credit Spread on W.W. Grainger (NYSE: GWW) “Buy to Open” December $250 Put and “Sell to Open” December $260 Put Option Symbols: GWW131221P250 and GWW131221P260 Limit Order Price: Net credit of $1.90 or more ($190 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to […]… Read More

10/29/13 Trade Alert: The Missing Link

Iron Condor on LinkedIn (NYSE: LNKD) “Buy to Open” November (1st week) $205 Put and “Sell to Open” November (1st week) $210 Put and “Buy to Open” November (1st week) $285 Call and “Sell to Open” November (1st week) $280 Call Option Symbols: LNKD131101P205 and LNKD131101P210 and LNKD131101C280 and LNKD131101C285 Limit Order Price for Four-Legged […]… Read More

10/25/13 Market Briefing: Pay Attention to 52-Week IV Percentile

Put credit spreads are the bread-and-butter of the OFI investment service and should be the core of any investor’s option portfolio. This does not mean, however, that the strategy performs equally well in all market environments. Why it makes sense to increase your position size when investor uncertainty is highest.
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10/24/13 Trade Alert: Triple 10-for-10

Please Note: Five Separate Trades   1. Put Credit Spread on Honeywell (NYSE: HON) “Buy to Open” December $80 Put and “Sell to Open” December $85 Put Option Symbols: HON131221P80 and HON131221P85 Limit Order Price: Net credit of $1.12 or more ($112 per spread)–good ’til canceled (GTC) Directional View for Underlying Stock: Neutral to slightly […]… Read More