jsd501 10:30 am on Tuesday, October 18, 2016

IBM

Trying another Fuzzball trade.

BTO 2018, 120 call @31.90

STO 2018, 120 put @6.00

STO October 21, 150 calls @1.70

fuzzballl 10:36 am on Tuesday, October 18, 2016

Really hoping for a pullback in GS by Friday. Would help with our 167.5 call roll we’re gonna have to do. Right now we’ll need to go out to Nov 11th to get close to an even roll up to 170.0.
- jsd501 11:55 am on Tuesday, October 18, 2016
  
  I guess I could take my small profit on Friday or keep rolling.
  - fuzzballl 11:57 am on Tuesday, October 18, 2016
    
    At some point I may end up booking the nice gains on the 2018 positions and then just managing the short calls if it looks like we’re getting near all time highs and I’m still rolling. Good problems to have!
fuzzballl 11:00 am on Tuesday, October 18, 2016

He did another similar trade on FXI today. Buying Jan 2019 28 calls and buying Jan 2019 30 strike disaster puts. Sold the Oct 28th 38.5 calls against. I’m considering something like selling 2019 28/23 Bups and buying Jan 2019 28 calls and selling shorter term against. Basically same thing he’s doing but selling a put spread instead of buying puts. Just another way to hedge….
- jsd501 11:57 am on Tuesday, October 18, 2016
  
  I am going to look at that one but will probably wait to see how these two trades work out.

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