Trade update (Oct/12/2012):
Closed ABX for 65c for almost 50% of max possible loss
Holding SCHN for OCT expiry.
Trade update (Oct/19/2012):
Expired worthless giving us 35c for 100% Profit.
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SCHN trade:
Sell 1X $27 OCT put
Buy 1X $26 OCT put
(Got a credit of 35c)
ABX trade:
Sell 1X $40 Weekly put
Buy 1X $39 Weekly put
(Got a credit of 22c)
*Please do your own research before buying any stock listed here. Disclaimer.
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Wednesday, October 10, 2012
AMZN new weekly trade, Oct/10/2012
Trade update (Oct/12/2012):
Closed for $2.5 for almost 28% of max loss
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AMZN fell below it's one standard deviation move after being such a strong stock in the last few weeks. $245 is in the middle of one standard deviation and two standard deviation and I think there are good chances AMZN will hold 240-245 range for the week, maybe even next week. Volatility is higher which gives some juice to the premium too.
Trade:
Sell 1X $245 Weekly put
Buy 1X $240 Weekly put
(Got a credit of $1.5)
*Please do your own research before buying any stock listed here. Disclaimer.
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Closed for $2.5 for almost 28% of max loss
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AMZN fell below it's one standard deviation move after being such a strong stock in the last few weeks. $245 is in the middle of one standard deviation and two standard deviation and I think there are good chances AMZN will hold 240-245 range for the week, maybe even next week. Volatility is higher which gives some juice to the premium too.
 | |
| AMZN daily chart showing standard deviation and increasing volatility |
Trade:
Sell 1X $245 Weekly put
Buy 1X $240 Weekly put
(Got a credit of $1.5)
*Please do your own research before buying any stock listed here. Disclaimer.
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Friday, October 5, 2012
CMG new trade, Oct/05/2012
Trade update (Oct/18/2012):
Do not want to mess with the earnings so closed this trade for $1.5 for a 25% profit of max profit. I wish it had gone up much higher so I could have convert this one into an iron condor.
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This one can be a possible earnings play but we will see how it goes in the next week. CMG earnings are due on Oct/18 which falls in Oct expiry. Volatility is high and we like to sell premium on OTM strikes. I think it will be hard for CMG to break down heavily in front of earnings and we might go up soon here considering the uncertain nature of the earnings.
Trade:
Sell 1X $275 Oct put
Buy 1X $270 Oct put
(Got a credit of $2)
In the best case scenario, I would love to convert this one to an iron condor if CMG goes up too high.
*Please do your own research before buying any stock listed here. Disclaimer.
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Do not want to mess with the earnings so closed this trade for $1.5 for a 25% profit of max profit. I wish it had gone up much higher so I could have convert this one into an iron condor.
________________________________________________________
This one can be a possible earnings play but we will see how it goes in the next week. CMG earnings are due on Oct/18 which falls in Oct expiry. Volatility is high and we like to sell premium on OTM strikes. I think it will be hard for CMG to break down heavily in front of earnings and we might go up soon here considering the uncertain nature of the earnings.
 |
| CMG weekly chart |
Trade:
Sell 1X $275 Oct put
Buy 1X $270 Oct put
(Got a credit of $2)
In the best case scenario, I would love to convert this one to an iron condor if CMG goes up too high.
*Please do your own research before buying any stock listed here. Disclaimer.
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SPX new monthly trade, Oct/05/2012
Trade update (Oct/09/2012):
Closed for $4 today morning for 100% profit
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Wanted to get into SPX trade as we were making a double top and coming down a bit. SPX does look like it's overbought. Usually mondays have been down days recently, I may get out of it on monday or keep it for longer. I wanted to get in as a hedge in case I play some upside moves for the next week.
Trade:
Buy 1X 1450 Oct put
Sell 1X 1440 Oct put
(paid $2)
*Please do your own research before buying any stock listed here. Disclaimer.
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Closed for $4 today morning for 100% profit
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Wanted to get into SPX trade as we were making a double top and coming down a bit. SPX does look like it's overbought. Usually mondays have been down days recently, I may get out of it on monday or keep it for longer. I wanted to get in as a hedge in case I play some upside moves for the next week.
 |
| SPX daily chart (Double top) |
Trade:
Buy 1X 1450 Oct put
Sell 1X 1440 Oct put
(paid $2)
*Please do your own research before buying any stock listed here. Disclaimer.
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Monday, October 1, 2012
Amazon.com, AMZN new weekly trade Oct/01/2012
Trade update (Oct/08/2012):
Closed half at $1.2
Closed half at $0.40
Total: 33% profit
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Just want AMZN to drop in the blue zone shown in the next 4 days. The momentum can bring it down in our target area and we can easily sell this one for a double or more. If this doesn't work in the next 1-2 days one can get out for 50% loss.
Trade:
Buy 1X $250 weekly put
Sell 2X $245 weekly put
Buy 1X $240 weekly put
(paid 60c)
*Please do your own research before buying any stock listed here. Disclaimer.
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Closed half at $1.2
Closed half at $0.40
Total: 33% profit
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Trade:
Buy 1X $250 weekly put
Sell 2X $245 weekly put
Buy 1X $240 weekly put
(paid 60c)
*Please do your own research before buying any stock listed here. Disclaimer.
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Facebook Inc, FB new trade Oct/01/2012
Trade update (Oct/10/2012):
Closed for $1.10 today morning for 145% profit
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FB jump after the big drop from last week seemed a bit suspicious. Playing this put debit spread gives us a few days for us to watch FB's direction. If this doesnt go down in the next few days, we will close out this position.
Trade:
Buy 1X $21 Oct put
Sell 1X $19 Oct put
(paid 45c)
*Please do your own research before buying any stock listed here. Disclaimer.
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Closed for $1.10 today morning for 145% profit
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FB jump after the big drop from last week seemed a bit suspicious. Playing this put debit spread gives us a few days for us to watch FB's direction. If this doesnt go down in the next few days, we will close out this position.
Trade:
Buy 1X $21 Oct put
Sell 1X $19 Oct put
(paid 45c)
*Please do your own research before buying any stock listed here. Disclaimer.
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IOC, OXY, DRI, LULU credit spreads for sep/28/2012
Trade updates (Oct/08/2012):
Closed IOC for 45c for approx 50% credit profit
Closed OXY for 25c for over 50% credit profit
Closed DRI for 50c for approx 20% profit
LULU expired to give us max profit of 60c for 100% profit
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IOC
Trade:
Sell $75 weekly put
Buy $72.5 weekly put
(Got 85c credit)
OXY
Trade:
Sell $85 weekly put
Buy $82.5 weekly put
(Got 46c credit)
DRI
Trade:
Sell $55 weekly put
Buy $52.5 weekly put
(Got 60c credit)
LULU
Trade:
Sell $72.5 weekly put
Buy $70 weekly put
(Got 60c credit)
*Please do your own research before buying any stock listed here. Disclaimer.
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Closed IOC for 45c for approx 50% credit profit
Closed OXY for 25c for over 50% credit profit
Closed DRI for 50c for approx 20% profit
LULU expired to give us max profit of 60c for 100% profit
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IOC
Trade:
Sell $75 weekly put
Buy $72.5 weekly put
(Got 85c credit)
OXY
Trade:
Sell $85 weekly put
Buy $82.5 weekly put
(Got 46c credit)
DRI
Trade:
Sell $55 weekly put
Buy $52.5 weekly put
(Got 60c credit)
LULU
Trade:
Sell $72.5 weekly put
Buy $70 weekly put
(Got 60c credit)
*Please do your own research before buying any stock listed here. Disclaimer.
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Weekly trade roundup ending sep/28/2012
Roundup of TLT trades for last week:
http://breakout-stocks.blogspot.com/2012/09/tlt-weekly-new-trade-sept242012.html
Let it expire to eat entire premium. Max profit.
http://breakout-stocks.blogspot.com/2012/09/tlt-weekly-new-trade-sept252012.html
Closed the position, paid 20c. 6% profit
*Please do your own research before buying any stock listed here. Disclaimer.
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http://breakout-stocks.blogspot.com/2012/09/tlt-weekly-new-trade-sept242012.html
Let it expire to eat entire premium. Max profit.
http://breakout-stocks.blogspot.com/2012/09/tlt-weekly-new-trade-sept252012.html
Closed the position, paid 20c. 6% profit
*Please do your own research before buying any stock listed here. Disclaimer.
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