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Stock Credit Spread Trades
- Thread starter cszulc
- Start date
The bull put part of your DIA IC must be almost worthless by now.. have you considered closing it, locking the profit, and rolling the strikes higher to squeeze more premium?
That isn't a bad idea. That one contract trade has a $20 paper profit right now, so I may move the puts up to the 112/114 bull put spread tomorrow.
However, the 112/114 bull put spread would only bring in a $5 credit, not really helping the reward that much to sustain commissions and the hassle of doing so.
I'll probably let this one ride on, but may consider that when I increase the number of contracts next week as I start putting on May credit spreads.
However, the 112/114 bull put spread would only bring in a $5 credit, not really helping the reward that much to sustain commissions and the hassle of doing so.
I'll probably let this one ride on, but may consider that when I increase the number of contracts next week as I start putting on May credit spreads.
DIA IC was closed with full profit. I would roll the MSFT to May, but the trade would only product a 55 cent credit. Not the best IMO. Closed the MSFT April on Wednesday for a small loss.
Almost got killed on the GOOG iron condor, but I'm keeping it because I don't think it'll reach $610 within the next few weeks.
I will be putting on the following vertical call spread as a credit, implying that I am bearish over the next few weeks to June expiration. Probably will cover early if it goes in my direction.
SPX @ 1390.33
Short 1390 Call
Long 1400 Call
For a total of $5.70 net credit. Will be putting on 3-4 of these depending on prices Monday.
Almost got killed on the GOOG iron condor, but I'm keeping it because I don't think it'll reach $610 within the next few weeks.
I will be putting on the following vertical call spread as a credit, implying that I am bearish over the next few weeks to June expiration. Probably will cover early if it goes in my direction.
SPX @ 1390.33
Short 1390 Call
Long 1400 Call
For a total of $5.70 net credit. Will be putting on 3-4 of these depending on prices Monday.
Attachments
I'm going to try and play the OIH as a neutral-movement trade. I'm mostly thinking OIH is going to trade to the downside in the next few weeks but if it continues higher, I'll be protected with this reverse credit butterfly.
OIH at 208.80
Short 190 OIH May Call
Long 200 OIH May Call
Short 210 OIH May Call
For Net Credit of $2.15 or better
OIH at 208.80
Short 190 OIH May Call
Long 200 OIH May Call
Short 210 OIH May Call
For Net Credit of $2.15 or better
Attachments
SPX Iron Condor
SPX at 1397.84
Long 990 Put
Short 1010 Put
Short 1440 Call
Long 1460 Call
10 contracts each, max loss $16,406.00. Not expecting the equities to do that well in the coming weeks, so that is why the call spread is so close to the current price with room for a little upside. I may leg into this as the put spread will only produce 0.05 at this time.
SPX at 1397.84
Long 990 Put
Short 1010 Put
Short 1440 Call
Long 1460 Call
10 contracts each, max loss $16,406.00. Not expecting the equities to do that well in the coming weeks, so that is why the call spread is so close to the current price with room for a little upside. I may leg into this as the put spread will only produce 0.05 at this time.