by Tom Nunamaker | Sep 11, 2014 | Options trading, Trading
I closed the SPX butterfly expiring this week for a $70 credit ($5 in commissions), so the net was +$1287 in profit. The 6E futures options position is now at a -10 delta with two new contracts added today. Cash at expiration is +$700 but we have nearly two months to...
by Tom Nunamaker | Sep 10, 2014 | Options trading, Trading
The EURUSD had a strong reversal today, gaining back close to 100 pips from the low of the day. The 6E futures options position was morphed into a put credit spread at a lower delta (from -23.5 delta to -9.5 delta). I increased the size 50% to have a net credit at...
by Tom Nunamaker | Sep 5, 2014 | Options trading, Trading
OptionVue Systems International Founder Len Yates joins us on Thursday's Round Table to discuss “OptionVue 7: Features and Models for Earnings.” Len has unique insight into the inner workings of Option Analyais software. He has been coding the OptionVue...
by Tom Nunamaker | Sep 5, 2014 | Options trading, Trading
The EURUSD crashed hard yesterday, down 200 pips. I had to go into defensive mode on the weirdor. Today, EURUSD rallied a little so the price chart is stabilizing for now. SPX continues to go sideways and theta is kicking in. All three of the SPX trades look fine....
by Tom Nunamaker | Sep 4, 2014 | Options trading, Trading
Author Michael Benklifa joined us on Thursday's Round Table to discuss how to “Think Like an Option Trader.” This is the title of Michael's most recent book. Enjoy the replay!
by Tom Nunamaker | Sep 4, 2014 | Options trading, Trading
EURUSD rallied a little but volatility came out so the position is nearly breakeven now. SPX is still hovering around 2000 so our SPX flies are all doing well. Nothing to do today. Enjoy the video! Join us in the forums to discuss these trades or your...
