Strategy, Approach and Statistics

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Thursday, March 22, 2012

Position 61 added: SPY Diagonal Spread

SPY Diagonal Spread at $1.67 
(Sell MAR 23 '12 139 Call
Buy APR 20 '12 139 Call)

Comments: one day trade for 10% gain


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4 comments:

  1. Do you think you could comment about how you decide what is fair value for the premium. Are waiting and looking for undervalued premiums (long) and overvalued on your shorts? Thanks.

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  2. options Premium and stock's strength are not related. Volatility of the stock is the major component of premium. For instance, Sears (SHLD) would have higher premium than Microsoft. I decide shorts/long based on fundamentals, technical, and overall market conditions.

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  3. Have you thought about running a fund on YoutualFunds.com? You might be able to reach a broader audience (and make a few subscriber $, if you're interested.)

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  4. I do want to build a track record before getting into more limelight. 2012 Q3 will be an active quarter for me on many fronts.

    ReplyDelete