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XLE trade ideas

OPENING: XLE JULY 20TH 67 LONG/APRIL 27TH 71 SHORT CALL DIAGONAL... for a 3.14/contract debit (78.5% width of spread). Another neutral to bullish assumption setup with plenty of time to reduce cost basis. Currently, it looks like you could get a better fill than I did (mid currently at 3.00, 75% of the width of the spread, which is what you're looking for in these setups). Here, I'm shooting for 20% of what I put the trade on for. Metrics: Max Profit: .86/contract* Max Loss: 3.14/contract Theta: .37 Delta: 32.33 * -- Assuming no rolls of the short call and finish of the underlying above the short call strike at expiry. ** -- Assuming no rolls of the short call and finish of the underlying below the long call strike at expiry.
AMEX:XLELong
by NaughtyPines
XLELong via Jun15/Mar16 diagonal for $4.37 POP: 50% Max Loss: $4.37 Stop Loss: Price at $64.40 Max win: As of right now, $263 Target: Price at $75 Long Jun15 $66 call: 61 delta Short Mar16 $73 call: 14 delta. I structured this trade to give me the most profit as close to my target as possible (in the case it shoots straight up), while still having a positive theta trade. For reference try to match the thetas of both options up for choosing a strike for your short. I will continue to roll the short call each cycle to continue to eliminate basis as well.
AMEX:XLELong
by Benji
2