• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

IWO Trading Floor

Become a Great Options Trader

  • IWO Courses
  • Support

** Income Calendar in SPX

Home › Forums › ** Income Calendar in SPX

  • This topic has 1 reply, 1 voice, and was last updated 6 years, 5 months ago by Steven Place.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 25, 2014 at 11:15 am #2122
    Steven Place
    Keymaster

    The S&P has hit my psychological target of 2000, and the VIX is going back into the 11's.

    I'm assuming here that the market is going to cool off and maybe go quiet as we head into the labor day weekend, which is great for theta.

    Here's the trade:

    Buy to open SPX Sep/Oct 2000 call calendar for 11.15

    If you can get filled at 11.00, great. I saw 10.75 this morning.

    Going to hold for two weeks. If we see a move to our opex breakeven, we will roll the entire trade.

    spx

    September 2, 2014 at 11:43 am #2123
    Steven Place
    Keymaster

    This turned out to be a fantastic trade.

    You can either exit now for a 22% return, or you can set some mental stops (say, around 1990 and 2010) and try and milk the trade over the next week or two.

    spx-after

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

This is the Forum Sidebar Widget Area. You can add content to this area by visiting your Widgets Panel and adding new widgets to this area.

© 2019 InvestingWithOptions | Disclaimer | Financial Disclaimer | Terms and Conditions | Privacy Policy