Shared by
skipjackrick
+$2856. Love selling call premium on the FOMC spike. Probably my favorite trade in the book. Volatility jacks up option pricing to levels that are just absurd. So it's easy to sell options with little risk.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-17 14:15:00 | DEC20 14 202 CALL | sell | $1.000 | short |
| 2014-12-17 14:15:00 | DEC20 14 205 CALL | buy | $0.1600 | long |
| 2014-12-17 14:15:00 | DEC20 14 202 CALL | sell | $0.9900 | short |
| 2014-12-17 14:15:00 | DEC20 14 205 CALL | buy | $0.1600 | long |
| 2014-12-17 14:15:00 | DEC20 14 205 CALL | buy | $0.1600 | long |
| 2014-12-17 14:15:00 | DEC20 14 202 CALL | sell | $0.9300 | short |
| 2014-12-17 14:15:00 | DEC20 14 202 CALL | sell | $0.9300 | short |
| 2014-12-17 14:23:00 | DEC20 14 202 CALL | buy | $0.8000 | short |
| 2014-12-17 14:23:00 | DEC20 14 202 CALL | buy | $0.8100 | 0 |
| 2014-12-17 14:31:00 | DEC20 14 201 CALL | sell | $1.180 | short |
| 2014-12-17 14:42:00 | DEC20 14 201 CALL | buy | $0.9800 | short |
| 2014-12-17 14:42:00 | DEC20 14 201 CALL | buy | $0.9800 | short |
| 2014-12-17 14:42:00 | DEC20 14 201 CALL | buy | $0.9800 | 0 |
| 2014-12-17 14:45:00 | DEC20 14 201 CALL | sell | $0.9000 | short |
| 2014-12-17 15:01:00 | DEC20 14 200 CALL | sell | $1.040 | short |
| 2014-12-17 15:01:00 | DEC20 14 200 CALL | sell | $1.040 | short |
| 2014-12-17 15:02:00 | DEC20 14 201 CALL | buy | $0.6500 | 0 |
| 2014-12-17 15:06:00 | DEC20 14 200 CALL | buy | $1.240 | 0 |
| 2014-12-17 15:16:00 | DEC20 14 205 CALL | sell | $0.0600 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!