trades

Trade: TAP

Today my limit order on TAP was filled. Underlying I don't have any directional bias and honestly don't really think the desired range will hold until expiration, but the risk/reward ratio is good enough to hop in and just wait till it finally chooses a direction, at the very same moment I'll get out. Sounds like a plan, eh? Let's see how the story unfolds. Progress Aug 22, 2016 Sep 9, 2016 Looks like the underlying tries to move up, but the strategy is neutral or even slightly bearish,…

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Trade: HD

Underlying Calm stock in a clear uptrend, nothing really special. Quite high IV allows to sell a relatively wide iron condor and wait till earnings. I'll probably close it right before the report if IV won't rise even more compensating all the theta gains to be made. Progress Aug 8, 2016 Aug 16, 2016 Result Profit: $304 Risk: $642 Margin: $2046 Commissions: $33 Time in position: 8 days Yield: 13.2% APY: 604%…

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Trade: MON

Underlying Seems like it lays on a horizontal support, formed by: 200MA and 200EMA, nice round price of $100 per share, previous high at the beginning of 2016. Volatility IV is extremely high (~44%) while the 30 days HV is only ~27%. Moreover, the last earnings report was just a few days ago, at Jun 29, 2016. Position Progress Jul 13, 2016 Jul 26, 2016 Aug 3, 2016 Aug 8, 2016 Result Position closed because of the increasing gamma risk. Profit: $314 Risk: $400 Margin: $2564 Commissions: $18 Time in…

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Trade: AEP

Underlying Seems like AEP has reached its local highs. My initial guess is that it'll slow down here or even show a pullback in a week or two. Volatility HV is on its lows, so it would be better to stay long vega. IV surface around ATM shows a slight incline towards the nearest expiration dates, so it would be better to be long in the long term expirations rather than short term. Position Jul 6, 2016 Jul 13, 2016 Bad news: near term IV have risen significantly higher than…

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