Archive for: September 2015

TSLA – BTO

Bought to Open (BTO): TSLA OCT 15 CALLS @ $1.34 Based on the Daily chart above, we see some upside potential upside for TSLA. The options on TSLA are typically expensive as the stock is highly volatile (Hi IV or Implied Volatility). The choice of strikes was based on...

Trade Log Sep 17, 2015: Fed Day!

Trading the markets on Fed Day: The Fed made their much anticipated announcement today leaving interest rates unchanged. The market spiked higher at 2pm EST, then lower by the same amount, stabilized, rocketed higher and ultimately crashed by the end of the trading day. No doubt, some traders got...

BOT: VGGL

BOT OT OPEN (VGGL) Bought to Open (VGGL) Viggle and Sportech have joined together to buy the daily sports fantasy assets of MGT Capital, forming a new company called DraftDay Gaming Group. Viggle will own 45% of the new entity while Sportech will own 35%. This is a purely...

STC: USO Nov 16.5 Calls

SLD TO CLOSE (STC) Sold To Close (STC) Half of our position in USO for a double. We will hold the rest of the position at least through September. Now that we have doubled our money, the remaining half of the trade is free. Oil will probably pull back...

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