theOptionWiz
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THEOPTIONWIZ
USING OPTIONS TO REDUCE RISK & IMPROVE RETURNS
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NEW TRADE - COVERED CALL
August 17 2010 by admin in
Stock Symbol: _[Content protected for Monthly members only]_
Price at time of Trade: $25.75
Target Price: $29
Strategy: Covered Call
Reasoning:Expect that stock has bottomed here at $25.55 and see it
heading back up to 28 – 29 within the next 30 days.
Trade Details:
BTO 100 shares for approximately $25.75 per share
STO 1 Sep 26 call option for approximately $0.93
Uncalled Return: 3.6%
Called Return: 4.6%
Effective Cost basis = Approximately $24.82
Chart:
_[Content protected for Monthly members only]_
Non-members, for access
NEW TRADE - CALL SPREAD
August 16 2010 by admin in
Stock Symbol: _[Content protected for Monthly members only]_
Strategy: Call Spread
Reasoning: expect stock to stay in _[Content protected for Monthly
members only]_ range for next few months. Risk is $12.80 per share to
make $7.20 per share or a return of 57% within 60 days. If _[Content
protected for Monthly members only]_ pulls back, this is an
opportunity to buy back the short call and add to the long call
position
Trade Details:
_[Content protected for Monthly members only]_
Non-members, for access
NEW TRADE - PUT SPREAD
August 11 2010 by admin in
Stock Symbol: _[Content protected for Monthly members only]_
Strategy: Put Spread
Reasoning: We expect this stock to drop 20 points from it's current
price. We could just trade a straight put, but we'd be looking at a 2
for 1 profit ratio. Instead, we're looking to play a put spread,
giving us a 3 for 1 profit ratio. This strategy limits our risk by
reducing the amount of capital required for the trade and helps to
reduce the effect of volatility of the option premiums.
Trade Details:
_[Content protected for Monthly members only]_
_[Content protected for Monthly members only]_
Non-members, for access
TRADE UPDATE
August 10 2010 by admin in
Yesterday, we did not get filled on our put/call combo on _[Content
protected for Monthly members only]_. However, we re initiated the
trade this morning and got filled for net credit of $0.30.
NEW TRADE - COMBO (SHORT PUT / LONG CALL)
August 9 2010 by admin in
Stock Symbol: _[Content protected for Monthly members only]_
Strategy: Combo (short put / long call)
Reasoning: We expect this stock to go to 20 – 22 within 1 month.
The trade generates a $0.20 per share credit. If, by Sep 17th, stock
moves higher than $20.35, additional profit will be realized. If stock
stays between $20.35 to $18.00, initial credit of $.20 / share will be
profit. If stock closes under $18 on Sep 17th, 100 shares of the will
need to be purchased at $18 per share, which is within our desired buy
range for the stock.
Trade Details:
BTO 1 Sep 20 call option for approximately $0.35
STO 1 Sep 18 put option for approximately $0.55
Net Credit = Approximately $0.20
_[Content protected for Monthly members only]_
Non-members, for access
WE'RE GOING LIVE!
August 9 2010 by admin in
TheOptionsWiz.com is now officially live.
TRADE UPDATE - CALENDAR SPREAD
May 30 2010 by admin in
_[Content protected for Monthly members only]_ calendar spread:
Bought at 5.00. Current bid = 5.5
Sold short call for .47. Current ask = .61
Net debit = 4.53
Current value = 4.89 (up 7.9%).
Action: sell for net credit of $4.85 or higher as soon as possible
for a minimum gain of 7%
TRADE UPDATE - COVERED CALL
May 30 2010 by admin in
We entered into our on _[Content protected for Monthly members only]_
on May 21st. We're long 100 shares of the stock at $29.50 per share
and short the 1 - June 29 strike call at $3.60 per contract. As
_[Content protected for Monthly members only]_ has moved higher to
$33.12, we're on track to be called out for a 10.51% gain.
NEW CALENDAR SPREAD
May 21 2010 by admin in
Stock Symbol: _[Content protected for Monthly members only]_
Strategy: Calendar Spread
Trade Details:
buy 1 Jan 2012 20.00 call option for approximately $4.90 sell 1 Jan
2011 30.00 call option for approximately $0.50
Uncalled Return: 10.2%
Called Return: 5.6%
_[Content protected for Monthly members only]_
Non-members, for access
NEW TRADE - COVERED CALL
May 20 2010 by admin in
Stock Symbol: _[Content protected for Monthly members only]_
Strategy: covered call
Trade Details:
- purchase 100 shares of _[Content protected for Monthly members
only]_at or near last close of $29.89
- sell 1 June 10 29.00 call option for approximately $3.35
Uncalled Return: 11.2%
Called Return: 8.2%
_[Content protected for Monthly members only]_
Non-members, for access
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* New Trade - covered call
* New Trade - call spread
* New Trade - put spread
* Trade Update
* New Trade - Combo (short put / long call)
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* by admin
* by Shane Schenker
* by Mr WordPress
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ABOUT THEOPTIONWIZ TRADING METHOD
The goal is to generate monthly returns of 5 to 8% by selling options
and keeping losses to an absolute minimum by focusing on high
probability trades and utilizing powerful defensive techniques when
necessary. Your account will receive monthly income, which you can
either pull out to spend or re-invest to compound your earnings. We
cherry-pick only the best trades each month, resulting in 4 to 6
high-probability trades per month. We do not go for home-runs, just
consistent singles. If you're looking to make 300% on every trade,
this site is not for you. We use several types of options strategies:
covered calls, calendars, condors, spreads, and ratios, etc. The
current market conditions dictate which strategy will be used,
allowing you to profit whether the marketing is going up, down, or
sideways.
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