A little more than 2 weeks ago we wanted to set up a defined risk bullish leaning trade that XOM would hold an important technical support level and bounce back to its 50 day moving …
Continue readingOriginal Post Aug
Back in late in Aug Enis and I bought a tight call butterfly (below) in XOM as the stock approached long term support above $86. The stock bounced a bit and we took profits in …
Continue readingExpiration is bearing down on this CAT put spread that was pretty much worthless until CAT mad a serious down move today. Unfortunately it’s close to the long put strike without being worth much. So …
Continue readingExactly one month ago I initiated this long call position with the thought that high dividend paying stocks that had gotten hit as rates rose over the last month would possibly come back in vogue …
Continue readingWe’ve decided to take this FB trade off after playing the roll game for the past few expiries. At this point, the October 38 call that we’re long doesn’t have much optionality left, so we’d …
Continue readingFollowing Ballmer’s resignation, we wanted to for a slight pullback in MSFT stock. The pullback was more than we bargained for, and so we’ve been in premium recovery mode ever since. We’ve been patient the …
Continue readingMorningWord 9/13/13: Last night on Fox Business, Elon Musk, the fairly brilliant CEO of TSLA, was asked the fairly odd question of a CEO of a publicly traded whether he thought his stock was …
Continue readingSince we initiated the XOM call fly almost 3 weeks ago, oil rallied from near 104 to above 110, but XOM stock was unable to muster much of an advance. With oil’s 2% selloff today, …
Continue readingSelling the weekly 40’s worked well this week and made back the loss from gamma last week in the form of decay this week (about 30c.) With the long holiday weekend on the horizon and …
Continue readingPressing our luck on the 38 line cost us a little money today as the FB ripped higher on an upgrade note from JPM. Bad timing on the weekly expiration. We’re going to stay in …
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