Adjustments and Comments on Weekly Option Trades
11/13: ADSK – Shorted Nov (11/17) $120/116 bull put spread for $.40/share. 11/14: Close half at current $.10/share mid-point for 75% Max Gain, and move stop $123.78.
11/13: MU – Shorted Nov (11/17) $42.5 naked puts for $.20/share. 11/14: Current offer is $.07/share, and move stop $44.18 and let expire worthless.
11/10: WYNN – Shorted Nov (11/17) $149/143 bull put spread for $.71/share. Stop Loss: $149.98. 11/13: Closed half at $.28 for 61% Max Gain, move stop to $153.48 to preserve gains and bid $.10/share to close.
11/9: CAT – Shorted Nov (11/17) $139/142 bear call spread for $.35/share. 11/14: Current mid-point is $.28/share, move stop to tighter of break even or $138.13/share.
11/6: ALL – Shorted Nov (11/17) $97.5/95 bull put spread for $.57/share. 11/13: Closed half at $.24/share (58% Max Gain). 11/14: Back half stopped $.19/share.
11/9: BA – Shorted Nov (11/17) $270/275 bear call spread for $.40/share. 11/10: Closed half at $.15/share. 11/14: Filled $.05/share to close back half for 75% Max Gain.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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