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The Monkey Calendar
- Thread starter cdowis
- Start date
Let me go over the basic LEAP calendar strategy ==
if market goes up, sell current month (sep) call spread (only one spread against the two or three calendars). If go down, buy additional calendar, averaging down. I create opportunity up or down.
Today bought 1x Dec/Jan 510p GOOG calendar @290. My previous price was 327.
if market goes up, sell current month (sep) call spread (only one spread against the two or three calendars). If go down, buy additional calendar, averaging down. I create opportunity up or down.
Today bought 1x Dec/Jan 510p GOOG calendar @290. My previous price was 327.
Closed BG position, major move down and the call spread was down to only 25 cents -- not enough to protect the position.
Instead of trying to salvage it by adjusting, I simply closed out, and opened a new position on AAPL. I try not to hang on to a stinky market, but find something else.
AAPL 2xsep/oct 165p calendar, and 1xsep 175/180k spread.
(I kept the BG call spread open which is violates my trading plan. Really dumb trying to pull out 25 cents on a $5 spread)
Instead of trying to salvage it by adjusting, I simply closed out, and opened a new position on AAPL. I try not to hang on to a stinky market, but find something else.
AAPL 2xsep/oct 165p calendar, and 1xsep 175/180k spread.
(I kept the BG call spread open which is violates my trading plan. Really dumb trying to pull out 25 cents on a $5 spread)
1. AAPL move up Fri and has room to grow on the upside. That has me worried because the monkey calendar is very vulnerable to sharp upward moves.
NOTE: I use woodies CCI for analysis. It broke above the zero line, and that may indicate more upside. Will watch Monday for confirmation if it stays above the ZL.
2. Placed BNI trade Fri:
-2 sep 105p calendar @ 135
2 oct
-1 sep 110k call vertical @70
1 115k
3. RIMM looks like it's forming a topping pattern, looking to add sep call vertical if confirmed.
4. A few weeks ago my account hit low water mark. On Fri it shows the account has moved up about $1200. No big deal, but it is nice to be green, as Kermit the Frog says.
NOTE: I use woodies CCI for analysis. It broke above the zero line, and that may indicate more upside. Will watch Monday for confirmation if it stays above the ZL.
2. Placed BNI trade Fri:
-2 sep 105p calendar @ 135
2 oct
-1 sep 110k call vertical @70
1 115k
3. RIMM looks like it's forming a topping pattern, looking to add sep call vertical if confirmed.
4. A few weeks ago my account hit low water mark. On Fri it shows the account has moved up about $1200. No big deal, but it is nice to be green, as Kermit the Frog says.
Jumped out of the GS calendars -- they were getting very ugly with the volty going down. I had already closed one call vert with profit, and opened a second one.
The second call spread is still on, and expect only a small loss on the total position. But it is risky to have "naked" verticals so will watch closely.
AAPL has been a problem with the sharp move up, but I see a topping pattern.
Been patiently waiting to sell call spread against my GOOG. Yesterday sold 1xsep 560/570 call spread at 85. Waiting to add to BIDU.
The second call spread is still on, and expect only a small loss on the total position. But it is risky to have "naked" verticals so will watch closely.
AAPL has been a problem with the sharp move up, but I see a topping pattern.
Been patiently waiting to sell call spread against my GOOG. Yesterday sold 1xsep 560/570 call spread at 85. Waiting to add to BIDU.