The S&P 500 hit a new high on Friday, so my belief is there could be some large movement in either direction. To take advantage of this move I employed a strangle trade on the SPY May 1st weekly. My strike prices are $208.50/$211.50 (put/call).
Custom Search
Sunday, April 26, 2015
Weekly Options Play
During this years earnings I have been dabbling in the weekly options. I've been looking for bigger swings in the call/put trades and leveraging larger trades. To accomplish this, I have been using the SPDR S&P 500 ETF (SPY) Last week I had purchased 25 SPY April 24th $213.00 calls for $0.05 and got my opportunity a few days later to sell for $0.11, but missed my sale and never recovered on the trade. The options expired worthless.
The S&P 500 hit a new high on Friday, so my belief is there could be some large movement in either direction. To take advantage of this move I employed a strangle trade on the SPY May 1st weekly. My strike prices are $208.50/$211.50 (put/call).
The S&P 500 hit a new high on Friday, so my belief is there could be some large movement in either direction. To take advantage of this move I employed a strangle trade on the SPY May 1st weekly. My strike prices are $208.50/$211.50 (put/call).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment