Today, I set up several spreads:
- PCLN: long weekly 510 put, short weekly 515 put, net credit: $.6/spread. This is a bit riskier than the 500/505 spread. Due to low volume, I couldn’t get 500/505 nor 505/510 spreads. The 510/515 spread is riskier. PCLN shows a support near 510.
- NFLX: Long weekly 225, short weekly 230, net credit: $.55/spread. This is also a bit riskier than the 220/225 spread. But only 3 days to expire and the market seems to be calm and VIX is falling. Also due to low volume, the 220/225 spread could not get executed.
- Yesterday, I set up a spread of LVS weekly, long 41 put, short 42 put, net credit: $.12. Wanted to add more positions today, but wasn’t able to, due to low volume.
- FFIV: due to low volume, didn’t attempt this setup.
About admin
Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
