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Bonus Trade: Calendar Options — RTH June/July Double-Calendar

Tags: Bonus Trades, Calendar Options, Calendar Spread, Double Calendar
16 May 5:42pm
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With its 30-day historic volatility ranging between about 20% and 30% over the past six months, and implied volatility tending to stay above historic volatility, the Retail HOLDRS ETF (RTH) is a good candidate for a calendar spread. Implied volatility for RTH currently rests near its nine-month low. Moreover, July-expiration options are available for RTH, which means we could buy a one-month spread and avoid the higher vega that’s currently punishing our EEM June/Sept spread. The Thesis ...
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Calendar Options Adjustment Alert: EEM Double Calendar Spread

Tags: Bonus Trades, Calendar Options, Calendar Spread, Double Calendar
16 May 1:39pm
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Yesterday EEM blew through our adjustment point of $152.80 in the final half-hour of trading, and we’re sitting on a 10% loss right now,. . . but there’s still good reason to stay in this trade. One way to turn the trade around would be to sell the entire put-spread position and buy an equal number of contracts in a call spread at 160. This would turn our 140/150 double-calendar into a 150/160 double-calendar, moving our break-even points up by about $10—but then we’d be taki...
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Ill-fitting Suits and Intraday Selling

Tags: Market commentary, More to Life, aapl, bidu, cdo, dba, EEM, eww, fxi, gld, goog, iyr, pbw, pho, rimm, RTH, spy, xlb, xli, xly
14 May 9:00pm
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The Dow shed one hundred points in the last hour and a half of trading. The Dow and S&P held onto some gains, but the Russell 2000 and the Nasdaq 100 actually closed the morning gap and ended the day in the red. The late day selling seemed to be led down by large cap tech, as GOOG AAPL RIMM BIDU all moved lower. Volume was a bit higher - back toward average levels at least, though most of that came from the first 30 and last 60 minutes of trading. Volatility continued its march to nowhe...
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Getting Your Fill

Tags: Options Education
14 May 4:43pm
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So you laid down some condors a few weeks ago and now you are ready to get out. You put in a limit order to buy back your Condor at the Mid-Price. You wait. Nothing. The market oscillates around and now your limit order that was once at the Mid-Price is sitting right at the Market Price. Still no fill.Your bid is now actually above the Market Asking Price and still no fill. You want out but your just not getting filled. So what gives? How can you get out?This happens frequently when one leg ...
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Participate in the Rally with a Broken Call Condor: Followup

Tags: Bonus Trades, Iron Condor, calls, condor, spy, vertical
13 May 1:35pm
Posted by condoroptions
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Back on April 9, we published a bonus trade for our members that allowed them to participate in the rally that ensued, but with absolute downside protection.  We brought in a $0.20 credit upon opening the position, and you could sell it to close today for about $0.32, which means this trade returned $0.52, for a 28% return on capital risked.  Not too shabby. The broken call condor was constructed like this: +1 SPY May 141 call -1 SPY May 142 call -1 SPY May 144 call +1 SPY May 147 call for a n...
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Condor Options is an options trading newsletter service designed to help you generate consistent 10% monthly returns with just 10 minutes a week. We focus on the same strategy that professional options traders use every day: iron condors.

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