• Brandon

Trade UPDATES from this Week

9/18 $T: Got out of the Oct17 33.5/35.5 Bull Put spread @ 0.30, which was a gain of 0.31. $T rocketed higher this week after forming a bottom and established that this move was no dead cat bounce. Honestly I'm just happy to finally log a directional winner ... it seems that every directional call I made but didn't open a position in made money and every one I did get in lost money. Oh well. That's the way trading goes sometimes.

9/19 $WMT: Got into the Oct17 75/80/85 Iron Butterfly @ 2.62. $WMT has medium-low implied volatility right now and in the past that has translated to a good opportunity to sell an iron butterfly. With the iron butterfly, you have a similar breakeven range to that of an iron condor when IV is high. Because IV has contracted recently in $WMT, and by the looks of the chart, this stock appears that it will consolidate between 81 and 78, and the breakevens on the position are 82.7 and 77.3, with a 50% chance of profit. Iron butterflies tend to be slow moving positions on both the loss and profit side so, even if $WMT does not trade range-bound, the losses on the position won't be too terrible.

Remember that you can follow along with all trades made in real-time by checking this spreadsheet.

Also follow me on StockTwits / Twitter for real-time updates and market commentary. Just click those buttons you see around the site.

See you Saturday!

Featured Posts
Recent Posts
Search By Tags
Follow Us
  • stocktwits
  • Twitter Basic Square
  • Facebook Social Icon
  • YouTube Social  Icon

Follow us on Social Media!

  • tradingview
  • stocktwits
  • Twitter Social Icon
  • Facebook Social Icon
  • YouTube Social  Icon

All content is for informational purposes only. Nothing on this site is a solicitation to buy or sell any security. The past performance of any investment, investing, or trading strategy or style is not indicative of future performance. Nothing on this site is intended to be investment, accounting, tax, or legal advice. See full disclaimer here.

Options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardized Options

© 2017-2020 CLT Options, LLC - Legal