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Welcome to Blazing Straddles!


Trading options on stocks and indexes.

The goal is to generate consistent monthly income with very little risk or volatility whether the market is up or down.
The posts on this website are not trade recommendations. Not every trade will be profitable but losses will be limited.

Wednesday, May 17, 2017

Closed GLD

$154 profit
New position
AAPL
100 long $152.54
1 May26'17 150 put @ 1.00
Don't get greedy - Don't get greedy

Tuesday, May 16, 2017

New Positions ..

Closed AAPL
100 long stock
1 May26'17 150 put
Net $267 profit

New
GLD
100 long stock @ $117.47
1 May26'17 116.50 put @ .385


Wednesday, January 18, 2017

Yesterday ..

Up $25 +
.13% TWRR
Best position is the QQQ
AAPL small profit
LLY down a bit
Little trouble getting Greek readings this morning - will try later today

Tuesday, January 17, 2017

Added A New Position ..

LLY
Calls  Feb '10  -  76.50 and 80.5
I believe this is going to drift down

Nice Day Going ..

Up $42 for the day
Two positions - both early Feb 17 expires
AAPL and QQQ
Portfolio Greeks
Delta -48
Vega +6
Theta -5

Tuesday, August 9, 2016

New Position ..

SPY
Short 5 Aug19 218.50 calls Long 10 Aug19 221 calls
Net credit 343
At risk 907
No good Greek readings yet

Closed GLD Position

Small $26 profit after commissions
But I'll take it
This position ran against me from the start - and the long strikes did not provide the protection I needed
But anyway - it is a profit - and I'll take that any day