$SPX
I picked up an Indy film shoot this morning that will cover mid to the end of April. So I decided to close out the $SPX spreads to take the risk off. I may close other positions as warranted later.
Closed the April 15th 2100/2120 BeCS @ 1.50, a 0.40 loss.
Closed the April 22nd 2120/2140 BeCS @ 0.90, a 0.05 gain
Daily Archives: Wednesday, April 6, 2016
CMG put
Sold $CMG Apr 22 420 put @ 3.00
SPX puts closed
#SPXcampaign Bought to close $SPX Apr 8th 2015/1980 put spreads for .20. Sold for 1.75 last Thursday. Under threat yesterday, these drained out of premium today and closed.
SPX Call Spread
QQQ two trades; same objective.
BTO May 20 QQQ 111/108 BePS for $1.12
BTO May 20 QQQ 112/109 BePS for $1.32
SPX calls sold
#SPXcampaign Sold to Open $SPX Apr 20th 2110/2135 call spreads for 1.30. These offset the put spread I sold for this Wednesday expiration.
Got my GOOGL eyes on!
Taking a bit of risk here with a tight iron condor, expiring this week.
STO 780/775/755/750 IC for 1.15.
Thesis is that GOOGL stays in this bit of a range this week. Staying above the 20 day ma, and above basically all the recent closing highs.
Hey rknight52 – I was…
Hey rknight52 – I was looking at the broken-wing butterfly while reading about it on TT & accidental submit it in my real money account. So, I’m going to be following you. Sometimes it’s best to do it in real money because I follow it closely. I have a tendency to neglect paper money. I did the AMZN APR 16 695/695.50/605 for 1.97 credit.
More NUGT fun
Sold the following:
$NUGT Apr 15 75 calls @ 1.20
$NUGT Apr 22 90 call @ 1.44
SVXY covered calls
Rolled this week’s 49’s to next week 50’s @ .25 credit. Hanging on a little longer…
IBB call roll
$IBB – Rolled this week’s 250 covered calls to May monthly 250’s for 3.10 credit. 255’s would’ve required a debit roll so leaving things at 250 for now. I’ll look to roll up and out if we get a pullback of the breakout…can’t believe I’ve been watching biotech build a base forever waiting for a breakout and I screw it up with covered calls. Grrrr! Making money but oh what could’ve been…
@Jeff – $KMX might be…
@Jeff – $KMX might be a good earning play. On the move today. Approaching resistance.
AMZN strangle
Borrowed this idea from TastyTrade.
Sold $AMZN Apr 15 560/615 strangle for 4.05 credit. Will look to manage early as theta decay kicks into high gear.
DIS Trade
BTO Apr 15 DIS 96 Calls at $2.07 ea. debit.
Assuming will close yesterday’s gap.
Closing BIB
Taking advantage of the strength in biotech to close this position for around 75% of max profit.
Bought to close $BIB May 20 30 puts @ .35. Sold for 1.50 on 1/15.
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SPX call roll
#SPXcampaign Sold to open $SPX May 6th 2100/2125 call spreads for 5.00. This is a more aggressive position as a roll from previous stopped call spreads. Stop will be if SPX hits 2080.
SPX iron condor
Didn’t have anything for Apr 22, so STO SPX Apr 22 2130/2120/1960/1950 for 1.10.
SPX calls sold
#SPXcampaign Sold to Open $SPX May 6th 2130/2155 call spreads for 1.55, with SPX at 2048.
#Gold Looks like Gold has…
$NUGT #Gold
Looks like Gold has once again failed to show any follow through strength. Still can’t get above the 20d SMA.
$NUGT holding up better than gold but if gold continues to roll over, $NUGT will follow.
I actually don’t want it crash lower. The longer is stays up like this, the more money we make selling weekly calls with some premium.
Options Bistro 