Anatomy of Assignment

by Jeff on March 2, 2014

It was around Noon on Monday, February 10th, when COST indicated a CSSv2 Bear Call entry. I sold 4 FEB4 113/114 Call Spreads for $.45. The next day, Tuesday, February 11th, the stock opened up and continued to moved higher during the day. I noticed it, but I wanted to stay in the trade since […]

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Let’s Talk Time Decay (theta)

Read the full article → February 9, 2014

Theta is the amount of dollars an option contract will gain (positive theta) or lose (negative theta) in a day, provided the price of the underlying doesn’t move, or at that particular point in time. Does that mean its not good to have negative theta? No, it doesn’t – but it depends on what your […]

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The System is Here!

Read the full article → January 26, 2014

Finally, after all the bloviating and hoopla, the complete system is here! It’s yours and it’s FREE! The Option Guru’s Credit Spread System v2.0 (from here on known as CSSv2™) is for all to use. Follow my trades as I use this system daily – well, at least if there is an entry signal. There […]

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AAPL Earnings Trades

Read the full article → January 26, 2014

Here I am, thinking out loud (again) about a few different earnings plays for AAPL. I feel the best thing to do is pick a directions, limit risk, and go for it. I’m taking the Bear side for Monday. You’ll find the video here or over there. ► Happy Trading ◄Jeff►

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Bear Week

Read the full article → January 24, 2014

Well, it’s about 2:20 pm and there’s still over an hour left before the market closes. Right now, the S&P’s are at 1792, down -32 for the day and about -43 for the week. Is this the correction everyone has been talking about? I had only one Credit Spread this week, on AAPL and it […]

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Day Trading Options – Introduction

Read the full article → January 20, 2014

Watch this Video. Just a bit of a teaser, or maybe the foundation to a new idea for you. This is the first in a series of videos I’ll make on Day Trading Options. Yes, it can easily be done and pretty profitable to boot! I traded AAPL option last year for a profit. You […]

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First Trade Using the “System”

Read the full article → December 26, 2013

The first trade using the Option Guru’s Credit Spread 3:30 Trading System was place today at 3:35 p.m. It was on PCLN JAN1 BUP with the short strike at 1187.50 (Delta 48) . I used at $5 spread and my credit was $2.25. I going to call this a “system” because it has precise entry […]

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Big Boy Iron Condors

Read the full article → December 10, 2013

I just watched a segment of tastytrade called Market Measures from 10/15/2013. The subject of that session is Managing Big Boy Iron Condors. This is a very revealing strategy that everyone should take a look at. In a nut shell, they looked at several years of trading Iron Condors with this criteria: IV Percentile above […]

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From my inbox: Does the 5/10 Iron Condor Work on Weeklys?

Read the full article → December 9, 2013

This is a video response from an email sent to me by TY: i found you on YouTube during a search on credit spreads. your 5-10% IC trade was very interesting. is there a way to revise that process where someone can take the opportunity of the weekly options. setup the trade on friday and […]

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Trades for 9/23/13

Read the full article → September 24, 2013

Because I am unable to make a video for today (the Guru packed his microphone – smart, huh?), I’ll just do a quick post here. My Weekly 10am SPX (formerly Weekly 10am SPY) gave us a PPS down arrow, Stochastic hook down and MACD down. So, at approximately 10am yesterday, I entered a SEP4 1720/1725 […]

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