Option Volume Spikes for March 5

SymbolStrikeVolumeOpen Int
IAG Jun 2 Puts2108238784
AAPL MarW1 128 Calls1285615515836
AAPL MarW1 127 Calls127540075284
AAPL MarW1 126 Calls126294489309
KGC Jan17 3.5 Calls3.528000610
FXI Aug 40 Puts40176002410
AA MarW1 14 Puts14166842714
AA MarW1 14.5 Puts14.513948740
FNV Mar 55 Calls5512063934
QQQ MarQ 106 Puts106111211027
QQQ MarQ 100 Puts100110003046
XLF Mar 24.5 Calls24.5106431424
AAPL MarW2 127 Calls127106142372
BAC Mar 14.5 Puts14.5103312561
MON Apr 80 Puts80100991302
IWM SepQ 100 Puts10010089839
BAC AprW2 16 Calls168468860
LLTC Mar 49 Calls4981841962
AAPL Mar 127 Calls12781052329
EEM AprW1 39.5 Puts39.57780536

Short Call Ideas for March 5

SymbolStrikeBidStockDays% Return
NKTR Mar 15 Calls150.813.3166.01
NKTR Mar 16 Calls160.413.3163
VXX AprW1 30 Calls300.7626.88292.82
VXX AprW1 30.5 Calls30.50.6926.88292.56
AGQ AprW1 44.5 Calls44.50.839.76292.01
AGQ AprW1 45 Calls450.7539.76291.88
LOCO AprW1 27.5 Calls27.50.424.62291.62
TZA AprW1 12 Calls120.1710.76291.57
CTRP AprW1 51.5 Calls51.50.6546.25291.4
LOCO MarW4 27.5 Calls27.50.324.62231.21
CTRP MarW4 51.5 Calls51.50.5546.25231.18
YINN Mar 39 Calls390.3535.1160.99
LULU AprW1 72.5 Calls72.50.6364.84290.97
VNCE Mar 25 Calls250.221.94160.91
MED Mar 35 Calls350.2531.33160.79
SINA AprW1 41.5 Calls41.50.2837.25290.75
YINN Mar 40 Calls400.2535.1160.71
VIIX Mar 42 Calls420.2536.28160.68
SINA MarW4 41.5 Calls41.50.2437.25230.64
BIG Mar 55 Calls550.247.82160.41

Short Put Ideas for March 5

SymbolStrikeBidStockDays% Return
KNDI AprW1 12 Puts120.4513.7293.28
VRTX AprW1 115 Puts1153.3127292.59
KNDI MarW4 12 Puts120.3513.7232.55
VRTX AprW1 114 Puts1143.1127292.44
SKUL Mar 10 Puts100.2511.07162.25
SVXY AprW1 58 Puts581.465.97292.12
GME AprW1 36 Puts360.7140291.77
SGMS Mar 12 Puts120.2514.21161.75
BBRY AprW1 9.5 Puts9.50.1910.89291.74
SVXY AprW1 57.5 Puts57.51.1565.97291.74
GME MarW4 36 Puts360.6540231.62
TNA AprW1 77.5 Puts77.51.3785.98291.59
TNA AprW1 78 Puts781.3685.98291.58
BBRY MarW4 9.5 Puts9.50.1710.89231.56
SHLD Mar 35.5 Puts35.50.5739.25161.45
TQQQ AprW1 101.5 Puts101.51.6111.95291.42
TQQQ AprW1 101 Puts1011.55111.95291.38
FAS AprW1 114 Puts1141.73125.44291.37
FAS AprW1 113.5 Puts113.51.69125.44291.34
CSIQ AprW1 29.5 Puts29.50.4534.62291.29

Current Trading Summary

As at market close 27th Feb

All trades in the red so far - especially WTW where I really took a hit on the short put. An important lesson learnt on the dangers of having naked short option positions. On the bright side, it was only 1 contract, so it could have been a lot worse. I have a lot of ground to make up but I'll keep pushing on. No more naked puts...I think I'll keep trying out the short condors though.

JCP Double Calendar -$2
KYTH Short Butterfly -$8.50
TASR Short Confor -$21.90
WTW Short Put -$440.70
MX Double Calendat -$68

Using the Delta to Hedge Options

Delta measures the theoretical change to the value of an option as the underlying changes. This means the option's value is tied to the underlying by the amount of "delta" the option theoretically has. Traders can then offset the risk of the opiton by trading an appropriate amount of shares in the underlying security

Pricing Options with the Binomial Model

The Binomial Model is the model of choice for American styled options - that is, those options where you can exercise any time up until the expiration date. Even though Black and Scholes was the original option pricing model, the Binomial Model is probably more widely used than B&S.

Option Boost Video Course

For just $199 you can have immediate access to over 10 hours of option trading videos. This course begins with the basic building blocks of how the option market works and builds upon this by teaching you step by step how to execute profitable option strategies. The part I liked the most was the Actionable Chart Setups for placing high-probability option trades. Other interesting sections of the course are Portfolio Hedging, Sector Rotation and Mean Reversion. Visit Option Boost for your copy now.

Option Pricing

There's lots of programs out there that will charge you a monthly fee for a calculator that prices up option contracts. Not here!

I've put together a little something in Microsoft Excel that just does this, plus prices up all of the Option Greeks.

Option Combinations

Browse our comprehensive dictionary of option combination strategies. Learn how option combinations give you the ultimate flexibility with your investment decisions.