Publications

5/6/16 Trade Alert: ABC Add-On

  Put Credit Spread on AmerisourceBergen (NYSE: ABC) “Buy to Open” May (2nd week) $70 Put and “Sell to Open” May (2nd week) $75 Put Option Symbols: ABC160513P70 and ABC160513P75 Limit Order Price: Net credit of $1.15 or more ($115 per spread)–day order Directional View for Underlying Stock: Neutral to Bullish Trade Style: Time Value Decay – Moderate Risk Margin requirement per spread: $200 […]… Read More

TTWO: Last Minute Roll

Vertical Roll on Take-Two Interactive Software (Nasdaq: TTWO) to June (2nd week) “Buy to Close” May (1st week) $145 Call and “Sell to Close” May (1st week) $144 Call and “Buy to Open” June (2nd week) $144 Put and “Sell to Open” June (2nd week) $145 Put Option Symbols: TTWO240503C144 and TTWO240503C145 and TTWO240614P144 and […]… Read More

KSS, UCTT: Early Birds

Please Note: Two Separate Trades 1. Vertical Roll on Ultra Clean Holdings (Nasdaq: UCTT) to January “Buy to Close” December $45 Call and “Sell to Close” December $30 Call and “Buy to Open” January $30 Call and “Sell to Open” January $45 Call Option Symbols: UCTT221216C30 and UCTT221216C45 and UCTT230120C30 and UCTT230120C45 Limit Order Price: […]… Read More

** COPY ** IQV, NSC: Bloodlines to Rail Lines

Please Note: Two New Trades Valid Through Monday, May 19th   1. Call Debit Spread on IQVIA Holdings (NYSE: IQV) “Buy to Open” August $150 Call and “Sell to Open” August $155 Call Option Symbols: IQV250815C150 and  IQV250815C155 Limit Order Price: Net debit of $2.50 or less ($250 per spread) – good ’til canceled (GTC) order Directional […]… Read More

11/6/15 Trade Alert: Jobs Report Requires SPX Roll

 Vertical Roll on S&P 500 Index (Chicago Options: SPX) to November (2nd week) “Buy to Close” November (1st week) $2100 Call and “Sell to Close” November (1st week) $2105 Call and “Buy to Open” November (2nd week) $2120 Call and “Sell to Open” November (2nd week) $2115 Call Option Symbols: SPXW151106C2100 and SPXW151106C2105 and SPXW151113C2100 and SPXW151113C2100   Limit Order […]… Read More

ADBE: Close But No Cigar

Vertical Roll on Adobe (Nasdaq: ADBE) to March (1st week) “Buy to Close” February (2nd week) $495 Put and “Sell to Close” February (2nd week) $492.50 Put and “Buy to Open” March (1st week) $490 Put and “Sell to Open” March (1st week) $492.50 Put Option Symbols: ADBE210212P492.5 and ADBE210212P495 and ADBE210305P490 and ADBE210305P492.5 Limit […]… Read More

9/17/15 Trade Alert: 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

9/18/15 Trade Alert: Fed Reaction Closeout

Buy to Close SPDR S&P 500 ETF $199 Put (NYSE: SPY) If SPY is below $196, do nothing and let both put options get exercised automatically. If SPY is above $196: “Buy to Close” the September $199 put at the market. Option Symbol: SPY150918P199 Price: Market order at 3:59 Eastern time Trade Rationale: The $199 […]… Read More

iShares Silver (SLV): Buy Call Option

“Buy to Open” January $17 Call on iShares Silver Trust (NYSE: SLV) Option ticker symbol: SLV170119C18 Limit order price: $1.25 per share or less ($125 per contract) Directional View for Underlying Stock: Bullish Current SLV Price: $16.43 Time-Value Premium to Current Stock Price: 11.1% [($17+1.25)/$16.43)-1] Breakeven Stock Price at Expiration: $18.25 ($17+1.25) Discounted Price of One Call […]… Read More

9/22/15 Trade Alert: One of the Weakest Weeks of the Year

Note to Beta Test Group: A few beta testers commented that they exited last week’s SPY 196/199 call debit spread early because the rate of return was so high that they wanted to “lock it in.” Profits of anywhere from 50%-95% were locked in. The purpose of this beta-test period is precisely to get feedback […]… Read More