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Rolling the ADBE Iron Condor

I am rolling the ADBE Iron Condor to February and tightening the put side wing. This adjustment reduces the position risk by collecting additional credit and by reducing the maximum possible loss. There is already no risk to the upside as the credit exceeds the width of the call spread.…
  • December 29, 2020·
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Selling an Iron Condor in SQ

The stock’s volatility is solid. Selling an Iron Condor in January to collect premium. Bought SQ 01/15/21 Put 175.00 @ 4.11Bought SQ 01/15/21 Call 270.00 @ 2.47Sold SQ 01/15/21 Put 185.00 @ 6.35Sold SQ 01/15/21 Call 260.00 @ 3.43 The position is SQ Jan 175P/-185P/-260C/270C for a credit of 3.20.
  • December 1, 2020·
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Adjusting the PYPL Position

PYPL’ s share price has been strong. I decided to move up the put side of the iron condor in the same month in order to collect additional premium and to minimize the damage if the share price continues to rise. Bought PYPL 01/15/21 Put 175.00 @ 0.97Bought PYPL 01/15/21…
  • December 1, 2020·
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Another Adjustment to the ADBE Position

ADBE’s share price remains weak. I am rolling the position to January and rolling down the call side to reduce the debit in order to keep this dream alive. Bought ADBE 12/18/20 Put 500.00 @ 33.73Bought ADBE 01/15/21 Put 475.00 @ 24.13Sold ADBE 12/18/20 Put 475.00 @ 18.02Sold ADBE 01/15/21…
  • December 1, 2020·
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Selling a NVDA Iron Condor

NVDA has a decent volatility component. The maximum loss for a 10 lot is $20,000 minus the credit received. I will be looking to take it off for about a $2,500 profit given the opportunity. BTO NVDA Jan 435 P / STO NVDA Jan 455 P / STO NVDA Jan…
  • November 19, 2020·
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Selling a PYPL Iron Condor

PYPL has a decent volatility component. Selling the January iron condor instead of the December in order to collect additional premium. The maximum loss for a 10 lot is $10,000 minus the credit received. I will be looking to take it off for approximately a $1,500 profit given the opportunity.…
  • November 17, 2020·
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Closing TNK for 13.5% Profit

I am closing Teekay Tankers for a quick 13.5% profit. The stock rallied on hopes of improving economic activity given the headline story of Pfizer’s vaccine success. This is a very undervalued equity that does not need a news story to explain a rising share price. I would consider buying this Speculation…
  • November 9, 2020·
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Selling a BABA Iron Condor

Time to put on some trades with volatility still being elevated. BABA is a good candidate for an iron condor. The maximum loss for a 10 lot is $15,000 minus the credit received. I would like to take it off for a $2,000 profit.  BABA Dec 235P/-250P/-320C/335C for a credit…
  • November 5, 2020·
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Adjusting the ADBE Position

ADBE’s share price continues to decline. I am rolling the positon to December and lowering the strikes on the call side. This move costs a debit of of $.75. I do not usually pay up to adjust a positon, but am making an exception here to keep the dream alive.…
  • October 29, 2020·
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Adding Teekay Tankers (TNK)

My tanker bets have not been working. This quarter might be a little rough given the depressed dayrates, but this has been a great year for them in general (earnings-not share price). I am not worried about Teekay Tankers in the long run and am prepared to wait out the…
  • October 28, 2020·
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Adjusting the CRWD Position

I held on to the CRWD position a bit too long letting my profit dwindle. I am determined to make this a winner so I have decided to take off the call side given the ongoing share price weakness and roll the put side to December to collect another $1.65…
  • October 28, 2020·
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Rolling the ADBE Iron Condor to November

ADBE’s share price has been struggling to stay above $500. I am rolling the position to November given its rapidly approaching expiry in order to have more time for it to work out in my favor. I am adjusting the call strikes to collect more credit. The new position is…
  • October 19, 2020·
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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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