Options Trading Journal

txfxtrader · Dec 21, 2011

The purpose is to demo trade 2 options strategies found on seeking alpha.

1. Strangles pre-earnings on S&P 500 companies with good volume
2. Buying deep in the money options with a high delta and selling the weekly options against it with a lower delta using good volume ETFs & stocks

I am fairly new to options so I will certainly make some mistakes.

I will be using this site for earnings releases: Earnings.com: Event Calendar - Weekly View

Martinghoul · Dec 21, 2011

Best of luck to ya!

txfxtrader · Dec 21, 2011

Trade # 1

12/19/2011 Sell To Open VXX 23 Dec 11 (W) 40.00 Call -10 +$708.5
12/19/2011 Buy To Open VXX Jun 12 25.00 Call 10 -$15114

dreamliner · Jan 7, 2012

How is this going? Are you still trading it?

txfxtrader · Feb 4, 2012

Been a little busy. Going forward I will only test Strangles pre-earnings on S&P 500 companies.

CCE to announce on Thursday - 2/9/2012

Activity Date Transaction Description Symbol Qty Fill Price Net Amount
2/3/2012 Buy To Open CCE Mar 12 22.00 Put CCE 100 0.25 -2515
2/3/2012 Buy To Open CCE Mar 12 32.00 Call CCE 100 0.05 -527.5

turboonostrilvision · Feb 5, 2012

Are the signals being generated by yourself for this Trading ?
Thanks and good luck , just started trading options and thats why I am asking .

txfxtrader · Feb 5, 2012

turboonostrilvision said:
Are the signals being generated by yourself for this Trading ?
Thanks and good luck , just started trading options and thats why I am asking .

Yes. You can take a look at the article on seeking alpha. The only difference is that I am not looking at the past performance of how much the stock moves at announcement time. Something I may need to look into.

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