After I sold the DIA bear call spread on Tuesday I quickly started to lose my patience, but didn’t panic. I kept charting (throughout the day, all day) and although DIA (and the Dow) kept inching its way to new highs it fell quickly soon after each time. As I pointed out in the post…
Tag: DIA
Sold Vertical Call Spread on DIA
A few weeks ago I saw an opportunity to sell a deep in the money put spread on MON for very little out of pocket. I didn’t pull the trigger (and still don’t know why) and saw MON gain $15 over the next few weeks. I would’ve made around $850-900. I noticed DJIA was having trouble at…
Closed DIA Vertical Call Spread
I spent the first 45 minutes of today watching DIA and trying to figure out what my best exit price would be on my vertical call spread that didn’t go according to my plan. Finally, after raising my limit order twice, my third order for a debit of $0.80 hit. While DIA was trading at $83.27…
Option Trade: DIA Vertical Call Spread for Credit
I’ve talked about the Dow Jones having a hard time reaching and staying above the 8,150 area for a while. This morning after the bad GDP numbers were released the Dow soared and made it above that range. Continuing in my non-believer mindset I checked the options Dow tracking ETF DIA. In an unusual trade for me I…