STO $SPX 10/5 2240/2215 BECS @ 1.20
STO $SPX 10/14 2245/2220 BECS @ 1.25
STO $NFLX 10/21 85/110 Straddle @ 3.22
STO $FOSL 12/16 21 put @.80
STO $LULU 10/21 60/65 BUPS @ 1.30
STO $AAPL 11/18 120 call (covered)
Closed Early
$SPX 9/30 2270/2245 BECS @ 83% profit
$NVAX – Wow!
$IBB holdings:
Novavax 0.39% $28,428,369
$IBB on sale tomorrow?
$UVXY #ShortCalls – Sold to Open 1 UVXY (Weekly) Oct 14 2016 45 Call @ 1.80.
They have started new strike 45 contracts for all the October weekly expirations. I’ll sell more on the next bounce in UVXY
A couple weeks ago DR put on a Sep 30th 75/80/105/110 iron condor @ .88 (I missed it so ended up using 103/108 on the call side). Since then WYNN has gone straight up so I kept thinking an adjustment would get sent out…DR has a 2 hour webinar on adjustments that I haven’t watched yet so I was expecting some magic this morning in the briefing. He basically advised that it wasn’t working so close it for the loss. I suggested maybe selling a slightly higher put spread to maybe recoup some of the loss but no go…guess I can’t argue with his logic but here’s what I’ve been doing…call me hard headed (or stupid…LOL)
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Sold Sep 30th 75/80/103/108 @ .88 credit
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Rolled 80 puts up to 95 @ 1.40 credit
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Rolled 95 puts to this week 101 @ .29 credit
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Rolled this week 101 puts up to 103 @ .84 credit
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Rolled 103 puts up to 107 @ 1.05 credit
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I’ve now collected 4.46 in premium with a max loss of 5.00 on the call side. Still 2 more weeks to sell. If these 107’s expire I’m considering just selling the Sep 30th 108/103 put spread @ 1.65. This would be exactly inverted against the calls giving me a total of 6.11 in premium basically locking in a profit greater than the original .88.
We shall see…
#SPXcampaign Selling some extra call spreads above all time highs.
Sold to Open $SPX Oct 14th 2220/2245 call spreads for 2.30 (adding to this one at higher premium)
Sold to Open $SPX Sept 30th 2210/2235 call spreads for 1.75
Currently short some Oct. 133/145 strangles @ 1.06. The 145 call is pretty much worthless so rolling it down into the overhead supply resistance for additional credit.
Rolled Oct monthly 145 calls down to 137 for .85 credit.
She’s poking her head up through the 50 but banging her head on the 200. Counting on Aunt Jane to give the market a boost next week. Plenty of options to roll this thing if needed…
Sold REGN SEP 23 2016 400.0/370.0 BuPS @ 5.15
Bought to close $SWKS Nov 18 50 puts @ .17. Sold for 1.40 on 7/22.
Sold $OHI Oct 21 35 put @ 1.00 looking to add 6.88% dividend yielder shares to IRA account.
This has been in and out of trouble all month. Getting out while I can. May sell the same one for next week. Closing just the short side…
Bought to close REGN SEP 16 2016 400.0/375.0 BuPS @ 1.80 (sold for 5.20)
Sold $CMG Oct 14 (weekly) 385 put @ 3.00.
Using the expiration before the estimated earnings date. Strike is right at the low from June.
Wells Fargo WFC STO Nov 16 44 put for $1.24
RSI, bollinger band, Stoch all shows very over sold. 52 week low at 44.50. seems like at buy low stock to add to retirement account. dividend yield 3.27%
sold stock for small loss 19.51 – 19.25, BeCS still in place and should more than cover the loss.
SPX STO octwk4 call 2250/2275 for $1.05
SPX STO oct16 call 2235/2260 for $1.35
when SPX at 2142
buy stock 19.51, sell BeCS Sept 16 19/24 for 0.90. I put a trailing stop on stock in case of reversal. Otherwise I’ll treat like a buy write. ROI 2% for a couple of days risk.
Sell Sep 16th 39/42 strangle
Buy Oct 14th 39/42 strangle
.55 debit which would be max loss. Basically selling higher IV and buying lower IV for protection. Doug says with near term IV collapse the trade will make money up to about twice the expected move. I prefer buying next week for protection. IV collapse in the long protection is a little higher than Oct 14 but can get the trade on for about .20 debit.
I’ll throw 5 contracts at it and see how it goes.
Going with this for .20 debit:
Sell Sep 16th 39/42 strangle
Buy Sep 23rd 39/42 strangle
BTO Nov 18 NVDA 70/65 BuCS for $1.48
This is a long shot, but my max loss is just $148 pp and have a possible win is $3.52 pp…so it is a nice 3:1 Return/Risk. and it has 64 days to work.
Matt Ryan
I’m starting Matt Ryan over Jameis Winston this week, Tampa plays Arizona and Atlanta plays Oakland. Oh-sorry-wrong blog
Options Bistro 