$IBM #Earnings – sold these yesterday into expected earnings. Today I closed them. Easy peezy.
Bought to close IBM (Weekly) Jul 22 2016 139.0 Puts @ 0.01
Bought to close IBM (Weekly) Jul 22 2016 141.0 Puts @ 0.01
Daily Archives: Tuesday, July 19, 2016
SPX Mid Week 11 Hour…
SPX Mid Week 11 Hour Iron Condor STO 2175/2180/2140/2135 @ .50 filled at close.
#earnings $MSFT 7/22 STO 52…
#earnings
$MSFT 7/22 STO 52 put @.72
Closing WHR
Taking this off at 70% max profit 5 months early.
Bought to close $WHR Dec 12 100 puts @ .40 (sold for 1.35 on 6/27)
UAL earnings… back to selling
#Earnings This one is the opposite of MSFT… a couple of outlier larger moves, but a low average move: Over last 12 earnings: Biggest UP move: 4.5% , Biggest DOWN move: -9.8% , Average move: 2.4% .
Sold to Open $UAL July 22nd 45.5/47.5/48/50 iron condors for 1.42. Risking .58 to make 1.42 max. This will give an expiration break-even at +/- 3%. Even if there’s a bigger move tomorrow we have until Friday to drift back toward the mean.
NUGT
Is a descending triangle pattern forming? The triangle is not too prominent, so I’m not sure if it would qualify as one.
$NFLX
Really wanted to sell some short term, naked OTM calls on this but just not seeing enough premium at strikes I like to make it worth while.
SVXY
STO August 26, 50 puts @2.35
NFLX hedge
Not the best day to be selling calls but I’m getting some on the board to begin hedging my short puts. Sold $NFLX Aug 19 95 calls @ .70.
STO NFLX 08/26/2016 85.00 for…
STO NFLX 08/26/2016 85.00 for $3.75 when NFLX @85.40
IBB…getting back in the game
#401k was all cash so dipping a toe back in to this fairly reliable ticker…(so far). Starter positions small.
Sold IBB Aug 19 2016 260.0 Put @ 4.00
Sold IBB Sep 16 2016 250.0 Put @ 4.10
Test
Just verifying I am able to post.
Shane
$SVXY
Rolled my July 22 55 Call out and up to Aug 57 Call for 0.50 credit.
Sold Aug 12th 50 Put @ 1.45.
MSFT earnings – I’m buying???
#Earnings Inspired by @thomberg1201‘s trade on NFLX yesterday, trying a long options play on MSFT. It used to be dead money but has perked up over last few years with some decent moves. Over last 12 quarters, Biggest UP move: 10.5%, Biggest DOWN move: -11.4%, Average move: 5.7%. So, taking a cheap shot to collect tomorrow AM:
Bought to open 51/56 strangles for .62. Requires a 4.7% move of 2.50 to hit either strike, which is below the average move above. I don’t remember last time I bought options on earnings, but this one seemed like a reasonable chance. I will look to sell half or all of the profitable side on the morning bell.
NUGT puts closed
#ContangoETFs Closing a couple at better than 85%, paving way to sell more on bigger moves
BTC NUGT Sep 35 put for .20. Sold for 1.80 on June 3rd
BTC NUGT Aug 5th 80 put for .40. Sold for 3.90 on June 29th
NFLX #earnings took a chance…
NFLX #earnings took a chance yesterday buying an out of the money put and call, looked good first thing but NFLX seems to have stabilized so I sold the put, overall a small loss on the trade. NFLX can now rally.
MRO and MTCH buy writes for Aug 19 Marathon Oil and Match (on-line dating)
NUGT…keep the theta rolling
Bought to Close NUGT JUL 22 2016 195.0 Call @ .30 (sold for 2.50 as part of a weekly strangle)
Sold to Open NUGT JUL 29 2016 190.0 Call @ 3.40
I’ll add next week’s put side once this week’s looks a little safer.
NFLX earnings iron fly
Sold the weekly 89/99/99/109 for 7.30 yesterday.
Obviously a bigger move than the market expected. By staying small I can afford to mess with this for awhile. At the open today, I sold the long 89 puts at 3.65 (too early) giving me a total premium received for the trade of 10.95. This would give me the stock at a cost basis of 88.05. I’ll be looking for a rally to this number to close this week or start looking to sell covered calls beyond this week.
SPX puts sold
#SPXcampaign Sold to Open $SPX Aug 18th 2040/2015 put spreads for 1.30, with SPX at 2160.
NFLX Good Morning sold Aug….
NFLX Good Morning sold Aug. 19 82/75 put spread for 1.27
Options Bistro 