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BookingAlpha Option Trading Advisory

Tuesday, May 29, 2012

June SPY Credit Put Spread closed

BUY TO CLOSE 14 June SPY 127 PUT @0.68
SELL TO CLOSE 14 June SPY 125 PUT @0.47

Debit: 0.21 

Sunday, May 27, 2012

Weekend Portfolio Analysis (05-27-2012)

We saw a very quiet week in spite of all the fears, and the S&P500 moved up 1.9%. A new Bear Call Spread was open on SPY (137/139 strikes) in order to mitigate some of the downside risk on the portfolio. And essentially the markets are now in no man's land.

Wednesday, May 23, 2012

June SPY Bear Call Spread

SELL 14 SPY June 137 Call (@0.50)
BUY 14 SPY June 139 Call (@0.20)

Sunday, May 20, 2012

Weekend Portfolio Analysis (05-20-2012)

What a week! S&P500 down -4.4% to what has probably been the worst performance by the market this year. The downside pressure continues and the pattern totally mutated in respect with the previous week.

Thursday, May 17, 2012

June SPY spread adjusted

An adjustment had to be made this afternoon on the SPY 131/129 Credit put spread for a loss. Again, being extremely busy at the office prevented me from blogging in real time. The spread was rolled over to the 127/125 strikes seeing that the markets are at extreme oversold levels and a pull back is due any time in spite of the fact that the world seems to be falling apart.

Sunday, May 13, 2012

Weekend Portfolio Analysis (05-13-2012)

SPX had a loss of -0.9% this week. And it looks like a potential downtrend channel might be forming....

Wednesday, May 9, 2012

June IWM Bull Put Spread

I opened a trade before 10am today during the morning sell off but didn't have the time to blog about it. Here it goes:
SELL 14 IWM June 72 Put (@0.80)
BUY 14 IWM June 70 Put (@0.52)

Saturday, May 5, 2012

Weekend Portfolio Analysis (05-05-2012)

Ok, so back in Canadian soil this week, and with my first trade after over a month of inactivity. The S&P500 lost 2.6% this week and Thursday and Friday saw the formation of two solid red candles, specially Friday.

Friday, May 4, 2012

June SPY Bull Put Spread

SELL 14 SPY June 131 Put (@1.28)
BUY 14 SPY June 129 Put (@0.98)