bam1960 53 Report post Posted May 29, 2015 (edited) I entered IBM 170 call calendar long Aug./short June @3.00 yesterday. Earnings on July 20 and there is a dividend in July which is why calls are cheaper. IV is low and thought it was a good risk reward similar to the GOOG trade which I am in also. Edited May 29, 2015 by bam1960 Share this post Link to post Share on other sites
Guest Peter Report post Posted May 29, 2015 I am also boarded @ 3.02. Let's see how it goes. Share this post Link to post Share on other sites
Guest Peter Report post Posted June 4, 2015 Hi bam1960 "our" IBM Calendar runs quite well. He is already 10% in profit Share this post Link to post Share on other sites
bam1960 53 Report post Posted June 4, 2015 Yes it looks good could have probably gotten in around 2.85 but it looks like it be OK will probably look for 20 % around 3.60 sometime next week Share this post Link to post Share on other sites
Guest Peter Report post Posted June 9, 2015 Hi bam960 the fast downward move has put the IBM calendar under pressure. What do you think of a supplement to a double calendar? The 165 could save us in the short term. But the downward movement seems to go further. Do you already have a strategy for how you're going to roll? Share this post Link to post Share on other sites
bam1960 53 Report post Posted June 9, 2015 (edited) On 6/9/2015 at 11:40 AM, Peter said: Hi bam960 the fast downward move has put the IBM calendar under pressure. What do you think of a supplement to a double calendar? The 165 could save us in the short term. But the downward movement seems to go further. Do you already have a strategy for how you're going to roll? Hey Peter Yes I have been watching it closely. Their are several options but have decided to Add a July1/Aug. 165 calendar and will btc the front montth on the original calendar and open July front month for original 170 calendar. This will give us 165/170 july1/Aug.. Also will pay as little as possible for june 170 and try to get as much credit as possible for july1. This will be simmilar to aaple trade. Also I started with 1/2 position so this will give us a full position. Edited June 9, 2015 by bam1960 Share this post Link to post Share on other sites
bam1960 53 Report post Posted June 9, 2015 I bot 165 July1/Aug call calendar @2.55 Share this post Link to post Share on other sites
Guest Peter Report post Posted June 9, 2015 I have closed the trade at BE, because I had a bad feeling about it. Share this post Link to post Share on other sites
bam1960 53 Report post Posted June 9, 2015 On 6/9/2015 at 6:14 PM, Peter said: I have closed the trade at BE, because I had a bad feeling about it. Understandable, if your uncomfortable with a trade close it. Also I have not rolled the 170 front month to july1 yet having issue with a cancelled order for IBM on IB platform today but getting it taken care of. Share this post Link to post Share on other sites
bam1960 53 Report post Posted June 10, 2015 I rolled the 170 call calendar June to July1 @90 credit This gives me a165/170 July1/Aug call calendars @4.65 trade is currently up ~10% will target 20% I thought about waiting till friday for more credit but decided against it Share this post Link to post Share on other sites
Guest Peter Report post Posted June 10, 2015 Congratulations yesterday I was too scared after the paper loss of 20%. That's why I went out at BE. But today the trade has made a really good development. Share this post Link to post Share on other sites
bam1960 53 Report post Posted June 24, 2015 I closed IBM @5.30 for a 14% gain. Was looking for 20% but kind of died so took it off. Share this post Link to post Share on other sites
craigsmith 357 Report post Posted June 24, 2015 On 6/24/2015 at 4:56 PM, bam1960 said: I closed IBM @5.30 for a 14% gain. Was looking for 20% but kind of died so took it off. Good trading, thanks for sharing. It's interesting to see some other types of trades (and adjustments) to get some trading ideas. I'll be sure to follow the next one (and probably jump in with you). Share this post Link to post Share on other sites
