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ZM Short Calls Assignment

A portion of my ZM short calls were assigned so I sold the corresponding number of long calls and covered the short stock. I still am holding on to the remainder of the original iron condor. I will take the entire loss tomorrow at expiry. This was a frustrating trade…
  • October 14, 2020·
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Selling an ADBE Iron Condor

In order to conserve buying power, I prefer selling iron condors in high priced stocks instead of strangles. This trade features an Oct 23 expiry which is shorter than usual in order to be out by the election. This is a large bet that ADBE’s share price will remain strong…
  • October 13, 2020·
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Selling a CRWD Iron Condor

I am selling an iron condor in CRWD to increase portfolio theta. I am inclined to take this one in early if given the opportunity in order to have more buying power available going into the U.S. federal election. CRWD Nov 110P/-130P/-175C/195C for a credit of 6.25.
  • October 5, 2020·
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Selling an Amazon Iron Condor

Amazon’s volatility makes it an interesting candidate for selling options. I am selling an iron condor and not naked options in order to limit risk and to minimize the buying power reduction. AMZN Nov 2500P/-2520P/-3680C/3700C for a credit of 6.80.
  • September 23, 2020·
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The Many Ways of Calculating Returns

Numerous trading services and newsletters inflate percentage returns by utilizing loose math or fraudulent logic which makes level comparisons difficult. I must mention a truly egregious technique employed by one popular newsletter writer to goose returns. This person sells half of a position if it doubles and then considers the…
  • September 13, 2020·
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Selling a Crude Oil Strangle

Crude’s volatility has picked up making its options richer. I am taking advantage by selling November premium. I anticipate buying back the strangle for a debit which will be less than the initial credit received. This will likely be possible as time passes, volatility decreases and if the price of…
  • September 9, 2020·
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Market Update

It has been a difficult trading environment. The market took off unrelentingly with some stocks going into orbit during the past few months. I like to say that trading pays the bills while investing builds wealth – so I do both. Trading requires two-sided action. Stocks like TSLA, APPL and…
  • September 3, 2020·
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Rolling Gold Puts to October

Gold prices have been weak so I am rolling the puts to October to collect an additional credit while waiting for a rebound. I received an additional $15.80 per contract on the roll so the new position is Sold /GC Oct 1930P for a credit of 66.40. This trade is…
  • August 27, 2020·
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Gold Looks Good Here So I Am Selling Puts

Gold prices pulled back sharply so I am taking this opportunity to increase my long exposure by selling puts. The options have a solid volatility component and futures are capital efficient so options on futures are my preferred product for this trade. Sold /GC Sep 1930P for a credit of…
  • August 19, 2020·
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Selling an Iron Condor in Zoom Video (ZM)

Selling strangles in high priced stocks takes a lot of buying power. I prefer selling iron condors in these cases to conserve buying power. Zoom Video has decent implied volatility so I am selling a wide iron condor that mimics a strangle. The maximum loss would be $6,300 for a…
  • August 12, 2020·
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