Sharing a strangle that I’m placing in paper money. Let know what you think. AMZN earnings are tomorrow. AMZN Oct 28 925/735 1.67 credit. I have been testing these by putting them on the day before.
Monthly Archives: October 2016
$UA #ShortPuts #FallingKnife – started…
$UA #ShortPuts #FallingKnife – started getting strike 30 and 27.5 short Put orders off today. Stay on the offer side of the quote and they will come to you
CMG I had a 370/360…
CMG
I had a 370/360 put spread on Chipotle, closed it, taking a loss of $147, please send 12 packs to my address when it bounces at 370 thank you.
Can’t win em all.
V are well still holding…
V are well still holding 83/85/83/81 IC expiring 10/28/2016
Short Puts on LUV
$LUV Getting creamed post-earnings. I wouldn’t mind owning this under 35. Sold $LUV Nov 18 35 puts @ .40.
FB puts
#Earnings Starting to ell some puts against my short stock into earnings:
STO $FB Nov 4th 124 put for 1.30
STO $FB Nov 4th 126 put for 1.85
Adding CMG puts
Sold $CMG Nov 18 350 puts @ 2.65. Will look to manage this week’s 370 puts when the bounce comes (hopefully while the options are still out of the money!)
Earnings results
#Earnings Looking pretty good so far for neutral plays on CMG and AAPL!
AAPL and CMG fills.
AAPL 124/118/118/112 for 4.13 credit
CMG 450/445/370/365 for 1.35 credit
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 4th 2090/2065 put spreads for 1.90, with SPX at 2142. This is a bonus spread expiring next Friday.
More puts on ILMN
I think this one has earned the #FallingKnife tag.
Sold $ILMN Mar 17 2017 95 puts @ 1.45.
CMG & AAPL earnings
#Earnings Following @Ramie, STO $CMG Oct 28th 370 put for 2.35. Will sell another, but want to see if premium might rise more.
Following @optionshane, STO $AAPL Oct 28th 112/118/124 iron butterflys for 4.13.
DUST
Ok. DUST has ground me into dust today lol. See posts from yesterday. Would you guys stick with it or just dump it all and take the loss? My position is small. But it did get pounded today. Seems like gold may go higher for a bit.
In a nutshell: Yesterday I bought stock for 41.66, sold a oct28 42 call against it, and sold a oct28 42 put. If I hang on and am assigned shares on Friday my cost basis will be 39.49.
CMG earnings
CMG reports tonight also. I’m not doing anything though since I’m already in a strangle I’ve been rolling around.
AAPL BTO Oct 28 118/121…
AAPL BTO Oct 28 118/121 BuCS 112/109 BuPS @.98 debit 2 to 1 reward risk ratio. Small position to hold over earnings.
NUGT calls
Sold $NUGT Dec 2 (weekly) 21 calls @ .65
AAPL strangles
Not necessarily an earnings trade but if it works out then great! I’ve been wanting to add some strangles to trade around on this thing so earnings seems like a good place to sell the starter.
Sold Oct 28th 113/123 strangles @ 1.40
My turn to share -…
My turn to share – I am learning to trade another type of butterfly called fly on points. On the day before Jobs data comes out – Nov 4 which will be Nov 3, I am going to put on this fly on SPX –
1. buy 1 OTM call at 25 delta
2. sell 3 further OTM calls at 15-20 delta which if 10 points above #1
3. buy 2 even further OTM calls – 20 points above #2 or approx 7-10 delta
You should get a credit and the goal is too keep 100% of credit received. If you lose 2X credit, get out. You much check on trade at least once per day. You must get out of trade by last week of month expiration day. Here’s an example.
http://screencast.com/t/bNufiAUETs
AAPL #earnings
AAPL
#earnings Is anyone doing an earnings trade on AAPL? Ryan w/ TT sold an Oct 28 Iron Butterfly 112/118/124 @ 4.12. Wondering if I should follow. Any recommendations?
SPX trading with Whiz
Bear call yesterday and bull put today for this Friday. I’m much safer and wider wings than him but kinda using his idea.
2170/2180 @ 1.25 BeCS yesterday
2125/2115 @ 1.30 BuPS today
$DUST
Added 1 more
STO Nov 18 $65 calls @ $0.60
$DUST
Hey @fuzzballl, did TD Ameritrade make a change to margin requirements on these instruments? Last week when I was looking at some trades, the margin requirement was huge. This week I’ve put on a couple of trades because the margin requirement is only a fraction of what it was a week ago. I’d guess that it is about 1/3 of what it was. Reference our conversation last week on the topic.
Just curious if you have seen this as well. At least in my account, something definitely changed.
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL NOV 11 2016 41.5 Calls @ 0.56
$SVXY #ShortCalls #Leaps –Sold 1…
$SVXY #ShortCalls #Leaps –Sold 1 SVXY Jan 19 2018 155.0 Call @ 5.20 adding to my position – Highest available strike price
$DUST
STO Nov 11 $60 calls @ $0.70
UA puts
Sold UA Dec 16 32.5 puts @ 1.30
FB Curious as to what…
FB Curious as to what others are doing. Earnings are Nov 2. I have been holding Jan 120 calls and Nov 130 calls. Both are profitable but not quite doubles yet. Thinking to hold the Jan 120 but looking for advise on hedging strategies and perhaps the hedge on Nov or rolling out these for more time.
SPX puts sold
#SPXcampaign Sold to Open $SPX Nov 25th 2025/2000 put spreads for 1.55, with SPX at 2150.
Looking for some advice here….
Looking for some advice here. I have Nov 18 QQQ 212/123 bear call. It’s going against. Any advice as to how to manage?
WHR puts
On the post-earnings move down, sold $WHR Dec 16 140 puts @ 1.30
#earnings Orders Placed Tonight $AMZN…
#earnings
Orders Placed Tonight
$AMZN Iron Condor 10/28 787.5/797.5/887.5/877.5 @ 5.20
$GOOG 11/18 720/740 BUPS @1.50
$AAPL BTO 11/4 118 call @ 2.54
$AKAM STO 10/28 51 put @ .63
#Elections#SPX Since 1950 we’ve had…
#Elections#SPX
Since 1950 we’ve had 16 U.S. presidential elections and for those 16 election years the SPX has been up 12 of 16 times and averaged +0.22% from September 1st through election day. If you remove the two bear-market years (2000 & 2008) the September 1st through Election Day performance would increase to +2.19%. Additionally, for the past 5 bull market elections (’88, ‘92, ’96, ’04, ’12) the return has been +4.02%.
VIX Indicator updated, no SPX…
VIX Indicator and SPX chart are updated
VIX has crept down five days straight, but without any huge single-day drops. Downside warning not yet canceled… would need a close below 12.50.
Looks like Visa trade might work if it can remain quiet.
PG #earnings followed Tony V…
PG
#earnings followed Tony V at TT on an 84/82.50 BePS for .46 debit, seems like old times.
$UA #Earnings Putting one on…
$UA #Earnings
Putting one on for tomorrow’s pre-market report.
Sold $UA Oct 28 35 puts @ .45.
SPX Trade on Small Account.
STO Nov 4 SPX 2190/2195 BeCS for $0.35
According to a friend selling one of this each week will get a 2.5% Return per week. I placed this on an account with less than $10k. Max loss is $465.
Any thoughts.
I added a BuPS on the SPX for the same expiry. 2085/2080 for $0.30 to complete the IC. No more Margin and more return.
AAPL BTO Feb 120 call@4.84…
AAPL BTO Feb 120 call@4.84 Plan to hedge once Apple gets above 120 or sell on earnings pop
UVXY
BTC UVXY Oct28’16 20 CALL @ 0.05, sold for 0.85 on 10/07/16
DUST calls for this week
Sold $DUST Oct 28 50 calls @ .35.
Gettin DUSTed
BTO DUST shares @ 41.66, STO DUST 28oct16 42 call @ 2.20, STO DUST 28oct16 42 put @ 2.50. Never traded this before. Call me crazy. Don’t follow unless Iceman gives me his blessing. Any thoughts or better ways I could have gotten involved welcome. Guess I should have asked that before jumping!
Selling puts on $COL
Sold $COL Dec 16 75 puts @ 1.20, on the big move down following the $BEAV acquisition announcement. Strike is below the stock’s 2 year low. I’ll go long at 73.80 if it dips further by December.
Thoughts on this tweet?
$SVXY #CoveredCalls #OptionLadder – sold…
$SVXY #CoveredCalls #OptionLadder – sold these when the stock got to 80.50
Sold SVXY NOV 4 2016 81.5 Calls @ 1.95
Sold SVXY NOV 11 2016 85 Calls @ 2.05
Sold SVXY NOV 18 2016 90 Calls @ 1.05
AVGO stock sold
#Earnings I was assigned some shares from an earnings trade in early September. With all options premium factored in, my cost basis is 174.76.
Sold half my stock today for 176.33. Holding the other half with a short 177.5 call expiring this Friday.
NFLX trades
#Earnings #Rolling We hit 129 so I’m rolling my short calls that expire Friday. I covered them as NFLX fell back down. And I sold more puts:
BTC NFLX Oct 28th 129 calls, 2.35 avg price. Sold last week for .79 avg price.
#ReverseRoll to:
STO NFLX Oct 28th 123 put for 1.00
STO NFLX Dec 16th 110 put for 1.50
STO NFLX March 17th 95 put for 2.55
(Jan 20th 105.71 put sold earlier for 2.82)
AMZN #Covered Calls Sold $AMZN…
AMZN #Covered Calls
Sold $AMZN Jan 20 2017 950 call @ 8.30
DUST calls
#ContangoETFs Sold to Open DUST Nov 18th 55 call for 1.70. Orders in for a couple others.
V earnings
#Earnings Visa seems a better candidate than AAPL for the neutral play. It has not moved much recently, but did have some bigger moves a couple years ago. I’ll play for another small move.
STO $V Oct 28th 81/83/85 iron butterfly for 1.55. Max loss .45.
Here are the 5-DAY moves over last three years:
Thu 07/21/2016 AC -0.10%
Thu 04/21/2016 AC -4.60%
Thu 01/28/2016 BO -3.63%
Mon 11/02/2015 BO 0.94%
Thu 07/23/2015 AC 4.50%
Thu 04/30/2015 AC 3.93%
Thu 01/29/2015 AC 7.25%
Wed 10/29/2014 AC 16.33%
Thu 07/24/2014 AC -5.40%
Thu 04/24/2014 AC -0.33%
Thu 01/30/2014 BO 2.39%
Wed 10/30/2013 AC -2.72%
$DUST Dec calls
Sold $DUST Dec 16 70 calls @ 2.00. Highest strike.
$SVXY
Sold to open Nov 18th 85 Call against my long stock. I will take assignment here. Waiting on a pull back to sell to open a Nov 18th 60 Put.
$NUGT #CoveredCalls #Weeklys – Sold…
$NUGT #CoveredCalls #Weeklys – Sold NUGT OCT 28 2016 16.0 Calls @ 0.40
$DUST #ShortPuts #Weeklys #OptionLadder -…
$DUST #ShortPuts #Weeklys #OptionLadder – this worked last week and it should work this week too.
Sold DUST (Weekly) Oct 28 2016 33 Puts @ 0.60
Sold DUST (Weekly) Oct 28 2016 32.5 Puts @ 0.45
Sold DUST (Weekly) Oct 28 2016 32 Puts @ 0.40
IWM Followed from TT Sold…
IWM
Followed from TT Sold Dec. 16 123 straddle for 6.12.
AAPL earnings
#Earnings Was considering a tight condor, but APPL’s average 5-day move has been 6% over the last three years. Not sure if I want to play it, as farther OTM strikes not too rich in premium. Other thoughts?
Tue 07/26/2016 AC 7.79%
Tue 04/26/2016 AC -10.16%
Tue 01/26/2016 AC -2.65%
Tue 10/27/2015 AC 4.32%
Tue 07/21/2015 AC -4.78%
Mon 04/27/2015 AC -2.78%
Tue 01/27/2015 AC 7.34%
Mon 10/20/2014 AC 5.47%
Tue 07/22/2014 AC 3.11%
Wed 04/23/2014 AC 13.21%
Mon 01/27/2014 AC -9.06%
Mon 10/28/2013 AC -1.86%
$DUST
STO Nov 4 $50 calls @ $0.75
SPX put spreads closed
#SPXcampaign Bought To Close $SPX Nov 4 1975/2000 put spreads @ .15, sold on Oct 4 @ 1.40
AAPL has earnings Tuesday amc….
AAPL has earnings Tuesday amc. Any thoughts on trades?
NFLX put sold
#Earnings Sold to Open $NFLX Jan 20th 2017 105.71 put for 2.82.
Have orders in for several other puts but this is the only one that filled before the bounce.
SPX IC closed
$SPX Nov 9 2250/2240/2010/2000 closed for 0.45.
Originally sold for 1.20 on 10/10. 62.5% max profit.
While this market remains in this trading range, this approach to profits is working well.
SPX puts closed
#SPXcampaign In pre-market, bought to close $SPX Nov 4th 2010/1985 put spreads for .20. Sold for 1.45 on Oct 4th.
Econ calendar for week of 10/24/16
$UVXY
Looks like new all time lows again today for $UVXY
Hello! I am looking for…
Hello! I am looking for some advice on UVXY. I own 400 shares of UVXY – got assigned several months ago. I have been writing calls against this to reduce my loss on this. Given that volatility continues to be low, does it make sense to hold these and keep writing calls or should I dispose it, collect whatever I can and move on. I know some of you trade this instrument and would love to hear your thoughts.
VIX Indicator and SPX Chart have been updated
I hope you all are having a fantabulous weekend!
October 21
$ETP Assigned the 37 put even though stock closed at 37.01. Penny rule anyone?
October 21
A lot of my positions are now off the board. Being cautious. I am old.
Thanks for this terrific support resource.
Expirations Full Profit
$ADP 90 call (Covered)
$FIT 16 call (covered)
$UVXY 19 call
$ETE 15 put
$FANG 95 put
$NFLX 85 put
$NUGT 12 put
$DUST 35 put
$FB 120/125 BUPS
$GOOGL 780/790 BUPS
$WYNN 90/95 BUPS
$NFLX 85/90 BUPS
$NFLX 113/118 BUPS
Closed Early
$LULU 60/65 BUPS @ 39% of the maximum loss
$SPX 11/4 2240/2215 BECS @ 91% profit
Total Loss
$NFLX 123/118 BECS (part of iron condor with 113/118 BUPS)
$TWLO 55/60 BUPS
Assignments
$OPHT @ 45 Basis 42
$GIMO @ 52.5 Basis 49.90
$ETP Assigned the 37 put even though stock closed at 37.01. Penny rule anyone?
#OptionsExpiration for 10/21 Expirations: $AMZN…
#OptionsExpiration for 10/21
Expirations:
$AMZN 10/21/2016 860.00 calls (covered)
$APA 10/21/2016 62.50 calls (covered)
$CYBR 10/21/2016 55.00 calls (covered)
$DUST 10/21/2016 60.00 calls
$DUST 10/21/2016 32.0 puts
$DUST 10/21/2016 34.50 puts
$DUST 10/21/2016 35.50 puts
$FIT 10/21/2016 15.00 calls (covered)
$MBLY 10/21/2016 44.00 calls (covered)
$SVXY 10/21/2016 60.00 puts
$SWN 10/21/2016 14.00 calls (covered)
$TWTR 10/21/2016 19.00 calls (covered)
$UVXY 10/21/2016 27.00 calls
$UVXY 10/21/2016 55.00 calls
$WFM 10/21/2016 27.00 calls
$WHR 10/21/2016 150.00 puts
$X 10/21/2016 20.00 calls (covered)
Assignments:
$DVN 10/21/2016 40.00 calls–long stock getting called away
$WYNN 10/21/2016 100 puts–short stock getting called away
Have a great weekend everyone.
$SVXY #ShortCalls #AfterTheClose – Sold…
$SVXY #ShortCalls #AfterTheClose – Sold SVXY Oct 28 2016 80.0 Calls @ 0.85 adding to my position
#OptionExpiration
Expiration
$SVXY 80 Call
$SVXY 50 Put
Have a great weekend
Options Expiration 10/21/16
— Expiring —
AVGO 175 covered call
DUST 60 call
FB 126 covered put
ISRG 650/600 put spreads
NFLX 85 puts
NFLX 120 puts
NUGT 25 call
RGLD 82.5 and 85 covered calls
— Expiring with full loss —
TLT 140 long calls
UVXY, NUGT
BTC UVXY Nov04’16 25 CALL @ 0.10, sold for 1.55 on 9/27/16.
Rolled NUGT 21oct16 18 puts to NUGT 28oct16 16 puts (doubled position) for 0.30 credit
Expirations and assignments
I have no expirations. I will be assigned on:
T @38
LULU @65
Options Expiration
#VXXGame
#ContangoETFs
I have to leave for a meeting so need to post these a few minutes early.
$KRA $30 Puts
$SVXY $40 Puts
$SVXY $55 Puts
$SVXY $57 Puts
$SVXY $60 Puts
$UVXY $22 Calls
$UVXY $24 Calls
$UVXY $26 Calls
$UVXY $30 Calls
$UVXY $35 Calls
$UVXY $50 Calls
$VXX $46 Calls
A bunch of open contracts rolling off today.
Have a great weekend everyone.
TRADES
STO $FB 11/11 124/129 BUPS @ 1.50
STO $FANG 11/18 95 puts @ 1.60 (replace today’s expiring)
STO $SVXY 1/19/2018 150 call @ 4.50 (Thanks Iceman)
STO $SVXY 1/19/2018 145 call @ 5.40 (Thanks Iceman)
$WFM #ShortPuts – Bought to…
$WFM #ShortPuts – Bought to close WFM Oct 21 2016 28.0 Puts @ 0.01 to avoid possible assignment
Options Bistro 