INTC #earningstrade
Not an earnings trade by definition here but I bought a Nov. 18, 38 call for 90 and sold a Nov. 18 35 put for .32, thinking, of course, INTC continues up.
Daily Archives: Tuesday, October 18, 2016
SPX puts closed
#SPXcampaign Bought to close $SPX Oct 28th 202/1985 put spreads for .2o. Sold for 1.30 on Sept 29th.
$DUST
Trying and iron condor expiring this Friday 51/48/39/36 for 0.90, I may short to cover if price continues toward 39.
ISRG earnings
#Earnings Eneded up with two 650 puts (2.15) and two long 600 puts (.25), so put spreads for 1.90.
CMG short call
This week’s 405 looks pretty safe. Selling next week.
Sold CMG OCT 28 2016 410.0 Call @ 8.50
Earnings next week and with an ITM 430 put figured I better sell an aggressive call to help out. Could go anywhere when they announce.
Anyone doing an ISRG trade…
Anyone doing an ISRG trade for earnings?
$DUST #ShortPuts #OptionLadder – Sold…
$DUST #ShortPuts #OptionLadder – Sold DUST OCT 21 2016 34.5 Puts @ 0.20 with the stock at 41.31
These expire Friday
NFLX Followed from TT Oct…
NFLX
Followed from TT
Oct 21 113/118/118/123 for 3.05 credit profitable between 115 and 121, risk 193 to make 307, somewhat risky
IBM
Trying another Fuzzball trade.
BTO 2018, 120 call @31.90
STO 2018, 120 put @6.00
STO October 21, 150 calls @1.70
FB rolled Oct 125 C…
FB rolled Oct 125 C to Nov 130 C@.05 debit. Wanted to catch the earnings move with another month of time. Earnings Nov 2.
Reducing NFLX exposure
Finally able to take some positions off after a long time of rolling and maneuvering.
Bought to close the following near the open today.
$NFLX Oct 21 115 puts @ 1.80–sold for 29.27 as part of a rollout on 7/22
$NFLX Oct 21 120 puts @ 4.25–sold for 24.17 as part of a rollout on 8/23
$NFLX Nov 18 115 puts @ 3.85–sold for 21.35 as part of a rollout on 9/26
IBM adjustment
Similar to NFLX….
Original position was 149/160 strangles @ 2.19. Sold weekly 149 calls @ 1.01 replacing the worthless 160 calls.
New position is 149 straddles @ 3.20. And now we wait and let theta do it’s job!
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST OCT 21 2016 35.0 Puts @ 0.20 with the stock at 41.24
These expire Friday
NFLX adjustment
Tied up on an airplane this morning (not literally…LOL). Taxiing in right at the open made a couple adjustments.
Trade was originally 90/115 strangles @ 2.41. Since I don’t mind keeping this for awhile I sold 115 puts for this Friday @ 1.50. These replace the worthless 90 puts and add quite a bit to the bottom line.
Position now is 115 straddles for Friday @ 3.91. Plan now is to wait and see. Might get lucky with the 115 strikes. If not, I’ll roll the ITM side out and up (or down) and continue selling weekly puts (or calls) against them. Continuing with TT experiment of keeping almost perpetual (small) positions on some popular stocks and just letting the market tell me what to do. Love it so far! Great premium with small margin.
Similar positions in CMG EWW GLD IBB IBM IWM REGN TLT WYNN XLE and will add APPL with an earnings strangle.
NUGT short calls
Sold $NUGT Jan 20 2017 24.00 calls @ 1.00
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST OCT 21 2016 35.5 Puts @ 0.20
These expire Friday
ISRG earnings
#Earnings Sold to Open $ISRG 650 put for 2.15. Biggest UP move: 17.7% , Biggest DOWN move: -11.5% , Average move: 6.3% . This trade is 8.6% OTM. I will probably add to this, and also buy 600 puts for disaster protection. -11.5% done move was in April 2014 and the lat time ISRG moved down big.
ILMN
BTC ILMN Oct21 130/135 BuPS @ 0.15, sold for 1.15 last week
GS trade
#Earnings For the Iron Butterfly, your max loss is small if the Stock moves up or down too much for your trade to work. With expiration on Friday, we have 4 days for price to settle back to 170 giving us max profit. Right now, the trade is closable for breakeven. It is okay to do that, but in my view isn’t the point… you accepted the small max risk and should be okay taking that loss on Friday is we don’t return to 170. IB’s are thread-the-needle type trades that require patience.
I am waiting and watching for a cheaper exit between now and Friday’s close.
SPX puts closed, calls sold
#SPXcampaign In Pre-market, bought to close $SPX Oct 28th 2000/1975 put spreads for .20. Sold for 1.35 on Sept 26th.
Sold to Open $SPX Nov 17th 2225/2250 call spreads for 1.55, with SPX at 2143.
$SPX puts closed
BTC SPX Oct 28 2050/2040 for 0.40.
Sold 5 days ago for 1.00. Continuing to close these at 60% max profit.
good morning everyone – I…
good morning everyone – I took the NFLX earning trade – strangle 80/120 OCT 21. I am looking for suggestions as to how to manage. I have 3 options that I can think of – close it for a loss or buy a call or roll it out to week/month. Any suggestions would be appreciated. Thanks
Options Bistro 