STO $SPX 11/11 1965/1990 BUPS @ 1.35
STO $UVXY 10/21 19 calls @ .38
STO $LOCK 11/18/ $17 straddle
BTO $FB 11/18 130 call
Closed Early
$SPX 11/4 2260/2235 BECS @ 81% profit
$SPX 10/21 2250/2225 BECS @ 92% profit
$NFLX 10/21 95 call @ 10.35 STO @ 8
Rolled
$NUGT 10/21 18 put to 10/28 19 put for 1.01 added profit (But gold must go UP) or roll we must
Sold $ILMN Dec 16 110 (delta 10) puts @ 1.25.
Taking some risk off prior to FOMC release. Bought to close Oct 21st 60 Puts @ .35. Originally sold for 1.30.
Pretty aggressive (crazy? 🙂 ) here….rolling un-threatened call down into congestion for additional premium.
Rolled next week’s 410 call down to 380 @ 5.20 credit. This is against a 380 put…
Current position is 380 straddle @ 15.10. Have to see where she goes next week and adjust accordingly.
Sold WYNN OCT 21 2016 100.0 Calls @ 1.30
Still selling weeklies against in the money puts. Similar to a covered call trade. Plan is to roll the puts out and down next week and keep selling the calls.
Position is now Oct monthly 108/100 inverted strangle @ 13.77 credit received.
Let’s say WYNN doesn’t get back to 108 for a year. Selling weeklies @ 1.25 a week for a year would bring breakeven down to about 30 bucks. The power of the weekly! Not bad for margin of 1300 per strangle….
http://seekingalpha.com/article/4011685-equity-market-never-send-human-machines-job?app=1&auth_param=8ssr3:1bvslkb:39d4569bd406de4f41f25735638bd0f6#alt2
$GILD #ShortPuts #FallingKnife – Sold GILD Nov 18 2016 65.0 Puts @ 0.59 with the stock at 73.28
$UVXY #ShortCalls #ClassicVXXGame – Sold 1 Jan 19 2018 60.0 Call @ 6.25 with the stock at 17.23
Okay, this is much too late to be posting this. I’ve set a weekly reminder so I won’t forget!
STO ILMN 21Oct16 130/135 BuPS @ 1.15
I see support on the SPX at 2120 so I am waiting to see if we bounce from there or go through that level. Right now I am agnostic about the market
#SPXcampaign Bought to close $SPX Nov 4th 2235/2260 call spreads for .20. Sold last week for 1.40.
AMZN
I know some of us have been counting on some sort of meaningful correction. I’d like to point out that as soon as I closed an AMZN call spread, AMZN stopped going up, the market had a nice down day yesterday, it’s looking like another today. Yes-I can move markets!
Options Bistro 