Saturday, July 31, 2010

[ConservativeOptionStrategies] TM simple calendar spread.

 

This is strictly an experiment on TM. I am hoping for an immediate collapse in front months sold  premium and then ride the decay up until about 1 or 2 weeks from expiration.FSLR trade was only AUG sold premium therefore a more immediate collapse in sold premium after earnings were released. TM trade is  longer term with a less volatile stock. I liquidated the FSLR trade after earnings because the stock looked weak and could move down big in a market selloff. Sorry about the messy looking Schwab quotes.It did not translate well to email.This is a more simple trade attempt after doing many 4 way double diagonals with limited success. I am looking for trades that have limited downside with potential high reward. I am staying away from trades that could lose big in a market crash which is always possible with Iran and N. Korea etc in the picture as well as a stumbling economy.

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Anthony Hills
Hills Motors/Hills Industries
4011 Pacific Blvd
San Mateo,CA 94403.
650 573 7425
Fax 650 573 8721

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