#Earnings Rolled my other $CMG 370 put to Nov 18th 360 put for a .70 credit. So now I’m short 355 & 360 put for Nov 18th. Will look to sell calls on the next rally, or roll if we go lower.
Monthly Archives: October 2016
NFLX puts
Replacing this week’s expiration…selling against slightly in the money calls.
Sold NFLX NOV 4 2016 125.0 Puts @ 1.25
REGN call
Replacing this week’s expiration…
Sold REGN NOV 4 2016 370.0 Call @ 7.00
V trade closed
#Earnings BTC $V Oct 28th 83 puts for .15. IB sold for 1.55 on Monday, out today for .31.
This one winner will leave me profitable for the week on earnings trades, even if all other IB’s were max losers (which they won’t be).
BIDU $ AAPL earnings iron butterflys
#Earnings $BIDU currently profitable. If it starts running up, profit will disappear. Watching with another manual trailing stop.
$AAPL also slightly profitable but will be better if we can rally today. Watching all of these
$SVXY #ShortPuts #OptionLadder – Sold…
$SVXY #ShortPuts #OptionLadder – Sold SVXY Nov 4 2016 62.5 Puts @ 0.20
V earnings iron butterfly
#Earnings Keeping an eye on $V for an exit on the short puts. Right now getting out for .40 is possible, and if it starts dropping I will want to get out; kind of a manual trailing stop. I may also exit the short calls for cheap in case it really runs today.
AMZN and GOOGL iron flies
Bought AMZN 795/825/860 iron fly @ 33.15 (sold for 31.50) Loss of 1.65 which is less than half of max
Bought GOOGL 795/820/845 iron fly @ 11.70 ( sold for 22.10)
Net gain of 8.75 on the two biggies…I’ll take it!
AMZN puts
#ShortPuts Sold $AMZN Nov 18 700 puts @ 1.30
$UA #ShortPuts – Sold UA…
$UA #ShortPuts – Sold UA Apr 21 2017 25.0 Puts @ 0.90
$UVXY #ShortCalls – after the…
$UVXY #ShortCalls – after the bell
Sold UVXY Nov 4 2016 21.0 Calls @ 0.13
Sold UVXY Nov 4 2016 21.5 Calls @ 0.12
Sold UVXY Nov 11 2016 27.0 Calls @ 0.22
Sold UVXY Nov 18 2016 31.0 Calls @ 0.26
Sold UVXY Nov 18 2016 32.0 Calls @ 0.23
SPX puts sold
#SPXcampaign Fourteen minutes after the close, Sold to Open $SPX Nov 25th 1980/1955 put spreads for 1.40.
$SVXY #ShortPuts – after the…
$SVXY #ShortPuts – after the bell
Sold SVXY Nov 4 2016 65.0 Puts @ 0.30
Sold SVXY Nov 4 2016 64.5 Puts @ 0.25
Sold SVXY Nov 4 2016 64.0 Puts @ 0.25
Sold SVXY Nov 4 2016 63.5 Puts @ 0.20
Sold SVXY Nov 4 2016 63.0 Puts @ 0.20
$DUST $ShortCalls – Sold 1…
$DUST $ShortCalls – Sold 1 DUST DEC 16 2016 70.0 Call @ 2.10 with the stock at 42.83.
Highest available strike
AMZN trade
#Earnings Added one more 750 put for 1.75 right before the close… didn’t bother with another call since premium had dropped so much. Quite a deep dip but looking like 750 will hold.
$SVXY
After the bell got a fill. Again, only small position.
STO $SVXY Nov 11 $60 puts @ $0.55
AMZN
I followed from TT, bought(don’t shun me) an Oct. 29 iron condor, 772.5/777.5/860/865 for 2.78 debit to go with my short Nov. 18 IC. I’ll take a big move tomorrow, followed by a leveling out over the next couple weeks.
GOOGL caution! caution!
Low probability, low risk, but high reward. BTW, I’ve never had much luck with the GOOGL.
795/820/845 iron fly @ 22.10 needing a lower than expected move by quite a bit. Only risking 290 to possibly make 2210.
IBM adjustment
Rolled 152.5 puts out a week and up to 155’s @ 2.00 credit. Sold against 150 calls in the same expiration. Whichever one expires, I’ll probably roll the remaining position out into a new strangle.
SPX call spread
SPX nov wk2 2195/2220 STO for $1.80
completes condor.
TWTR
Does anybody think there is any way this dog goes up after earnings?
$UVXY #ShortCalls – Sold UVXY…
$UVXY #ShortCalls – Sold UVXY (Weekly) Dec 2 2016 35 Calls @ 0.39. Highest available strike
AMZN
#earnings old school iron condor Nov. 18 720/730/930/940 for 1.50
$AMBD #ShortPuts #FallingKnife – Sold…
$ABMD #ShortPuts #FallingKnife – Sold 1 ABMD Mar 17 2017 70.0 Put @ 1.70 with the stock at 96.51
$UVXY #ShortCalls – Sold NOV…
$UVXY #ShortCalls – Sold NOV 18 2016 30.0 Calls @ 0.26
AMZN iron fly
Going with 790/825/825/860 @ 31.50
35 wide on a 45 expected move skewed slightly to the upside. Risk 350 to make 3150.
$MRVL #CoveredCalls – Sold MRVL…
$MRVL #CoveredCalls – Sold MRVL DEC 2 2016 14.5 Calls @ 0.21
TSLA…. :(
Can I have a do over? LOL…think I would’ve learned my lesson with AZO. Same thing…closing too soon. I think Jeff is right…be comfortable with max loss and let ’em ride awhile. Lesson learned.
DIA strangle
Borrowing a trade from TastyTrade/Dough.
Sold $DIA Dec 18 167/186 strangle @ 2.00. Net short delta because it’s skewed to the downside with DIA at 181.77.
$BMY #ShortCalls – Sold BMY…
$BMY #ShortCalls – Sold BMY Dec 9 2016 57.5 Calls @ 0.39. Paired with a number of short puts going all the way out to the Dec monthly expiration.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Nov 11 2016 26.0 Calls @ 0.23
$SVXY
Sold to open Nov 18th 65 Put @ 1.25.
$UVXY
Looks like the spike is subsiding already, added a couple more small trades.
STO $UVXY Nov 11 $22 calls @ $0.30
STO $UVXY Nov 18 $22 calls @ $o.50
$UA #ShortPuts #FallingKnife – Sold…
$UA #ShortPuts #FallingKnife – Sold UA Apr 21 2017 27.5 Puts @ 1.50
Whew…
Sorry about all the posts…LOL Very good chance I’ll be unavailable tomorrow so taking care of some housekeeping. Now to look at some of the earnings ideas.
REGN adjustment
Rolled 377.5 put to next week 370 @ .25 credit.
Still sitting on this week’s 372.5 call (sold for 4.00). Depending on where it ends up (hopefully expired) I’ll be selling another call at some point next week. Earnings next Friday so we’ll see where it is then.
IWM adjustment
Original position of Nov 113/127 strangles @ 1.60
Even with IWM down the 113 puts still look fairly safe just below the 200ma. Calls were almost worthless so rolling them down to the 50ma which appears to be rolling over a little. Counting on some resistance there…
Rolled IWM Nov 127 calls down to 122 for .76 credit.
GLD adjustment
Rolled this week’s 120 calls to next week 120.5 calls @ .14 credit. Still selling against Nov 122 puts. Gradually reducing basis while bringing in nice weekly premium.
WYNN adjustment
Unless something crazy happens this week’s 97’s should go out worthless (sold for 1.79). Replacing with:
Sold WYNN NOV 4 2016 95.0 Calls @ 2.80
Still selling against some ITM puts so should be an interesting earnings next week.
DUST calls for next week
Borrowing an idea from Jeff, from yesterday, I sold $DUST Nov 4 50 calls @ 1.00.
TLT adjustment
Bought to Close TLT OCT 28 2016 133.0 Calls @ .02 (sold for 2.38)
Then:
Sold TLT NOV 4 2016 130.5 Calls @ 1.10
Used that premium to roll Nov 136 puts to Dec 134. Did the whole package for .06 credit. Reduces delta a little and now have about 6 weeks worth of weekly selling against them.
TSLA iron fly
Closed for 6.79…sold for 6.15 so a .64 loss. Worth a shot since it was a big winner last quarter. Get ’em next time!
GOOGL earnings
#Earnings I have skipped this one last few quarters as its options chain doesn’t provide the opportunities that AMZN or NFLX do. Even PCLN is easier. Any ideas?
July 28, 2016 AC 3.32%
April 21, 2016 AC -5.41%
Feb. 1, 2016 AC 1.31%
Oct. 22, 2015 AC 5.60%
July 16, 2015 AC 16.25%
April 23, 2015 AC 2.90%
Jan. 29, 2015 AC 4.73%
Oct. 16, 2014 AC -2.59%
July 17, 2014 AC 4.18%
April 16, 2014 AC -3.64%
Jan. 30, 2014 AC 4.01%
Oct. 17, 2013 AC 13.79%
Average: +/- 5.6%
AMZN earnings trade
#Earnings Sold to Open $AMZN Oct 28th 750/930 strangle for 2.66. Had an order in two sell two at 2.65, but only one filled for 2.66.
$SVXY #ShortPuts #OptionLadder – since…
$SVXY #ShortPuts #OptionLadder – since I’m overloaded with short calls I’m selling puts with no additional margin requirements.
Sold SVXY Nov 4 2016 65.0 Puts @ 0.20
Sold SVXY Nov 4 2016 64.5 Puts @ 0.20
BIDU earnings trade
#Earnings Sold to Open $BIDU Oct 28th 165/175/185 iron butterfly for 7.40. Max risk: 2.60. Breakevens at the close Friday: about 167.50 and 182.50; about 4% either way. Profit anywhere between.
$VXX $UVXY
STO Nov 18 $VXX $43 calls @ $0.35
STO Nov 18 $UVXY $25 calls @ $0.35
Made a couple of small trades on the small spike this morning, just in case it is very short lived, as has been the trend lately. Will add positions if this turns out to be a bigger spike.
$GDX $GLD
Gold miners are pretty weak today given that gold is flat to up a smidge.
#FallingKnife candidates – $ABMD $DVA
#FallingKnife candidates – $ABMD $DVA $WYN $UA
BIDU earnings
#Earnings Not as good with OTM premium. may try a 10-point wide IB. Any other thoughts?
July 28, 2016 AC -3.64%
April 28, 2016 AC 4.45%
Feb. 25, 2016 AC 9.84%
Oct. 29, 2015 AC 10.93%
July 27, 2015 AC -14.99%
April 29, 2015 AC -8.54%
Feb. 11, 2015 AC -4.49%
Oct. 29, 2014 AC 5.54%
July 24, 2014 AC 10.88%
April 24, 2014 AC 1.98%
Feb. 26, 2014 AC 3.48%
Oct. 29, 2013 AC 3.46%
AMZN earnings
#Earnings Looking at 750/930 strangle. Wit stock at 822.00, these strikes are 8.8% and 13.1% OTM respectively. Over last three years: Biggest UP move: 14.1%, Biggest DOWN move: -11.0%, Average move: 9.2%.
July 28, 2016 AC 0.82%
April 28, 2016 AC 9.56%
Jan. 28, 2016 AC -7.60%
Oct. 22, 2015 AC 6.22%
July 23, 2015 AC 9.79%
April 23, 2015 AC 14.13%
Jan. 29, 2015 AC 13.71%
Oct. 23, 2014 AC -8.34%
July 24, 2014 AC -9.64%
April 24, 2014 AC -9.88%
Jan. 30, 2014 AC -10.99%
Oct. 24, 2013 AC 9.38%
Thoughts?
Earnings today AMC on GOOGL,…
Earnings today AMC on GOOGL, BIDU, AMZN
CMG roll
#Earnings Yesterday I rolled one of my CMG Oct 28th 370 puts to Nov 18th 355 put, with a 1.00 debit. I plan to sell a Nov call to make up that 1.00. Waiting to see the action today before acting on the other put.
T
STO January 35 puts @.75
BMY puts
$UA #ShortPuts #FallingKnife – Sold…
$UA #ShortPuts #FallingKnife – Sold 1 UA Apr 21 2017 27.5 Put @ 1.45
AAPL iron butterfly
#Earnings BTC $AAPL Oct 28th 118 calls for .09. Clearing my upside risk for this stock to rise into Friday. Full 112/118/124 IB sold yesterday for 4.14.
TSLA earning trade – http://screencast.com/t/cmoBmiECmaP…
TSLA earning trade – http://screencast.com/t/cmoBmiECmaP . what do you think?
AAPL Earnings
BTC 10/28 112/118/118/124 Iron Fly @ 2.80. 1 day profit of $133.
$CMG #ShortPuts – sold these…
$CMG #ShortPuts #FallingKnife #ScalpTrade – sold these with the stock at 364.54. These expire Friday
Sold CMG OCT 28 2016 350.0 Puts @ 0.90
Sold CMG OCT 28 2016 345.0 Puts @ 0.40
$CMG #ShortPuts – Sold 1…
$CMG #ShortPuts – Sold 1 CMG Oct 28 352.5 Put @ 1.10 with the stock at 365.94. Looking to sell more or lower strike Puts
TSLA earnings
Looking at iron flies. Maybe 7.5 wide on 11 dollar expected move?
AMZN GOOGL Earnings-anybody interested in…
AMZN GOOGL
Earnings-anybody interested in rolling the dice?
DUST
STO November 25, 55/65 bear call spread @0.90 cents.
SPX is whipsaw Heaven today.
Is this Index ever going to make up its mind?
Well as long as it remains in the “Box” we are good.
UA roll
Extending duration on another earnings trade gone bad. Rolled $UA Oct 28 35 puts out to Nov 18 (same strike) for .20 credit.
CMG roll
This one obviously did not bounce so I rolled down and out. Rolled $CMG Oct 28 370 puts out to Nov 18 360 puts for 2.05 credit.
SPX call spreads
Bought to Close SPX OCT 28 2016 2170.0/2180.0 Bear call spreads @ .20 (sold for 1.25)
DUST call spreads
Sold DUST DEC 16 2016 55.0/65.0 Bear call spreads @ 1.32
DUST calls
#ContantoETFs STO DUST Nov 4th 50 calls for .75
AAPL i closed the AAPL…
AAPL
i closed the AAPL IC, made $121
AAPL new strangle
Looks like I’ll be out of the earnings trade so selling another strangle. Had to use a weekly expiration to get single point strikes.
Sold AAPL DEC 2 2016 110/123 Strangles @ 1.42
SPX calls sold
#SPXcampaign Sold to Open $SPX Nov 25th 2215/2240 call spreads for 1.30, with SPX at 2140.
CMG adjustment
Bought to Close CMG OCT 28 2016 410.0 Call @ .35 (sold for 5.30)
This was the inverted side of a strangle paired with a 430 put. Obviously the put is DITM now so looking to roll it out and down and then hammer it with weekly call sales. It’s not really as bad as it looks though. The put has accumulated 27.35 in credit after numerous rolls as well as plenty of call premium collected against it. As long as CMG doesn’t go to zero it should be alright…
AAPL earnings strangles
Busy morning….just getting in and seeing what got filled this morning.
Bought to Close AAPL OCT 28 2016 123.0 Calls @ .02
Waiting for the 113 puts for now…
Options Bistro 