Filled at the close…
Sold 105/110/110/115 IB @ 4.15 skewing slightly to the upside…
Daily Archives: Wednesday, April 27, 2016
KOLD rolling
With little to no time value left, I didn’t want to risk being assigned short something that was HTB. So I rolled one of my in-the-money May positions.
Bought to close $KOLD May 110 call @ 54.66. Sold for 67.96 (as a rollout from Feb) on 2/3/16.
Sold to open $KOLD Aug 110 call @ 60.16
Credit for the roll: 5.50
Continuing to chip away at the basis on this (and will do for my other May positions–115 call, 118 call) provided KOLD doesn’t implode by May expiration.
$FB followed another TT FB…
$FB followed another TT FB trade April 29 iron condor 109/111/107/105 for 1.78 does well with a small move, little risk with a big move.
$FB earnings trade
Going a bit out on a limb here, but not too far. FB earnings may not be a surprise either way, so opened a narrower IC.
STO Apr 29 112/110/106/104 IC for 1.66 credit. Max loss only 0.34. I think I’ll make that up with my earlier, safer trade today. If this one passes muster then I’ll enjoy more than a lunch!
FB earnings
With a market maker expected move of 7 and the stock around 108.50 I threw one out there at around 2 standard deviations away.
Sold $FB Apr 29 100 puts @ 1.00. If the strike gets taken out I will likely just stay long the stock.
$GOOGL BuPS
STO Apr 29 710/705 BuPS for 0.67.
I believe we’ve seen the low for now (at least this week) and with the Fed announcement behind us this will be gas money to go see my grandkids this weekend.
Fed action trades
#Earnings #ContangoETFs #VXXGame Not as much as I was trying to get, but made these trades after the announcement…
STO $FB Apr 29th puts for .85. Adding to puts previous sold at 103 and 100.
BTC $FB June 17th 130 call for .28. Sold for 1.23 in Feb.
STO $NUGT May 20th 60 put for 2.60
BTC $UVXY Jan 2017 80 call for 1.50. Sold for 15.47 (avg price) last August.
BTC $UVXY June 15 put for 3.10. Sold in March for 1.40. Missed fills on some calls I tried to sell.
Also missed a fill on SPX put spread.
CMG earnings butterfly
#Earnings Sold to close $CMG 400/410/420 put butterfly for 2.50. Far short of max profit but enough to be a winner from the 1.70 cost of putting this and the bullish one on yesterday (placed at expected move both above and below). First time I tried that, will have to consider more often on these stocks that typically move. Wish I had bought more than one so I could keep some for possible lower prices into Friday, but 420 seems like a decent support level.
New all-time lows
#VXXGame New lows in UVXY (first time since April 19th) and new low in VXX, breaking its previous all-time low on August 5th, 2015.
Closing FSLR puts
I originally opened this trade in anticipation of earnings not being before options expiration. But once they were confirmed for 4/27, I knew I would likely be exiting the trade early. Closing it out for a very small (.10) loss.
Bought to close $FSLR Apr 29 60 puts @ 1.84. Sold for 1.74 on 3/23.
Ready for Fed?
I believe Yellen will be dovish and reaction will be positive for markets… but regardless, volatility at announcement time (2pm ET) means premium can jump all over the place.
PYPL spec earnings play
#Earnings Total speculative play, Bought $PYPL Apr 29th 42 calls for .45. It has only reported twice, went down 5% first time and up 10% second time. This is just a shot at it continuing bullish trend and popping up in the morning.
$AAPL yesterday I followed a…
$AAPL yesterday I followed a TT strange butterfly, sold 3 April 29, 105 calls, and bought 2, 108 calls and 1, 102 call. I closed the 105s for a nice gain, the others are at 100% loss, maybe will come back a little, the trade will make $114 as it is now.
At the end of the day I sold an April 29 102/99 AAPL Bups. I rolled the 102 to May 20 for now and bought a 96 put, sold to close the 99, all ended in a credit.
AAPL
bought apple stocks at 97
also sold may 96.5 put for $2.00 if assigned cost basis $94.5
$SDRL #CoveredCalls – Sold SDRL…
$SDRL #CoveredCalls – Sold SDRL Apr 29 2016 4.5 Calls @ 0.20
$FB earnings trade
STO Apr 29 122/119/97/94 IC for 0.50.
Not a huge profit if it lands in there, but will by a nice lunch for a 2 day trade.
$CMG #ShortCalls – Sold CMG…
$CMG #ShortCalls – Sold CMG Apr 29 2016 450.0 Calls @ 0.70. These expire in 3 days.
FB earnings
#Earnings Here is the entire history of Facebook earnings (15 reports). Biggest UP move: 29.6%, Biggest DOWN move: -11.69%, Average move: 8.2%.
Jan. 27, 2016 AC 15.52%
Nov. 4, 2015 AC 4.63%
July 29, 2015 AC -1.83%
April 22, 2015 AC -2.62%
Jan. 28, 2015 AC 2.30%
Oct. 28, 2014 AC -6.07%
July 23, 2014 AC 5.17%
April 23, 2014 AC -0.79%
Jan. 29, 2014 AC 14.10%
Oct. 30, 2013 AC 2.42%
July 24, 2013 AC 29.61%
May 1, 2013 AC 5.61%
Jan. 30, 2013 AC -0.83%
Oct. 23, 2012 AC 19.12%
July 26, 2012 AC -11.69%
$CMG #ShortStock #ShortPuts – Exited…
$CMG #ShortStock #ShortPuts – Exited my short stock position and closed the short puts I sold yesterday.
Bought to Cover CMG @ 427.73 – Shorted at an average of 438.50 in January
Bought to close CMG Apr 29 2016 420.0 Puts @ 3.80 – sold at 7 yesterday
Options Bistro 