Archives for October 2017
[CLOSED] – SPX Nov 30 Iron Condor
Current prices will not get a fill on this trade. If SPX pops just a little bit more, it will fill.
Update – October 18th, 2017
Update – October 27th, 2017
Going to hedge off some of the short risk in this trade.
Update – November 17th, 2017
Taking profits on the trade.
Full Time Profits, October 2nd, 2017 – TXN, UNP
After a month of consolidation, the S&P 500 is breaking to new highs. It’s playing catch up after smallcaps (Russell 2000 index) has gone parabolic.
Our trade approach here is pretty straight-forward. We’re now hunting for pullbacks in names that have broken out but are extended.
Trade #1: TXN
Looking for a pb2ma – pullback to moving average.
Trade Setup
Expected Price: 86
Sell to Open TXN Nov 82.5/77.5 Put Spread
Tier 1: Enter at 0.75, Close at 0.25
Tier 2: Enter at 1.05, Close at 0.45
Tier 3: Enter at 1.35, Close at 0.95
Trade #2: UNP
Similar setup as TXN– looking for the pullback into its 20 day moving average.
Trade Setup
Sell To Open UNP Nov 105/100 Put Spread
Tier 1: Enter at 0.60, Close at 0.10
Tier 2: Enter at 0.90, Close at 0.50
Tier 3: Enter at 1.20, Exit at 0.80