-BUY 1 APR 40 CALL FOR 1.50 AND
-SELL 1 APR 42 CALL AT .90
NOW: can be sold for 1.60, thats a 1.00 profit for taking a shot on Oil after it retraced a big move higher…..now the ETF is up almost 9% in 2 weeks. Take the money and run.
NOW: can be sold for 1.85, that is a 1.15 profit. Stock moved on earnings and then retraced….has since made a new 52 week high and has rallied almost 13% in 2 weeks.
– Buy 1 APR 62.50 Put for 2.80 and
-Sell 1 APR 57.50 Put for 1.20
NOW: can be sold for 4.40, while the stock is likely to close below 57.50 as the stock acts horrible. Not sure it makes a ton of sense waiting to make the last .60 of the spread.
-Buy 1 APR 140 CALL for 2.80 and
-Sell 1 APR 148 CALL at .80
NOW: can be sold for 1.35, a .65 loss. stock is basically right where it was when suggested and still can’t get through 140…..looking to roll out to June…..want to let the break-out play out…..will take a little time.
-Buy the Apr 16 Put for .36 and
-Sell the Apr 15 Put at .13
-Buy May 165 Put for 6.60 and
-Sell May 155 Put at 3.40
NOW: can be sold for 1.60, has lost almost half its value with the 13.00 rally in the stock. I got this one wrong from the get go……very close to pulling the plug on it…still bearish but will look for a better opportunity, want to have short exposure through options into earnings…..