Happy Hour Trade Review
- stevenplace
- May 8th, 2009
This list isn’t exactly comprehensive, but it’s got the general theme: fade momentum by getting into some spreads, looking for a decrease in absolute price movement into June.
You can copy and paste these trades directly into your thinkorswim platform; they’ll also be on mytrade. Do note that the position sizes are just defaulted at 10, so you’ll have to choose the level of risk that you’re comfortable with.
SELL -10 IRON CONDOR AEM 100 JUN 09 55/60/45/40 CALL/PUT @2.15 LMT
SELL -10 IRON CONDOR IYR 100 JUN 09 37/38/28/27 CALL/PUT @.55 LMT
SELL -10 VERTICAL SPG 100 MAY 09 55/60 CALL @1.70 LMT
SELL -10 IRON CONDOR OIH 100 JUN 09 120/125/85/80 CALL/PUT @1.13 LMT
BUY +10 CVX 100 JUN 09 70 CALL @1.90 LMT
Short CMG, EAT, PNRA, MCD, CBRL
BUY +10 1/2 BACKRATIO AMZN 100 JUN 09 80/75 PUT @.90 LMT -> Only do this if you think the downward price movement will be VERY fast, otherwise just buy puts for a trade.
Tickers: amzn, cbrl, cmg, cvx, eat, mcd, oih, pnra, spg
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Steve Place is a professional derivatives trader, focusing on equity options. He has a degree in Electrical Engineering with specializations in Signals Processing, Stochastics, and... More »
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