#Enjoy
All have a blessed Thanksgiving. That is what it is all about.
@Jeff Love the wallpaper.
Woodstock and an upside warning in the same panel – brilliant!
Daily Archives: Wednesday, November 23, 2016
Trade Break…
# off topic
I hope everyone has a nice thanks giving tomorrow.
#Holidayweekend #IWM Enjoy the day…
#Holidayweekend
IWM
Enjoy the day off tomorrow. There is a Wikileaks rumor that RUT will go down on Friday-source is unconfirmed.
I bought a Dec. 9 135/133 BePS for .99.
AMZN
Using this pullback as an opportunity to roll a threatened short call. Just in case the ABX strike is settled over the weekend, I’m getting out of the way (partially) even though a pop to 800 isn’t out of the question if the strike is settled.
These are being sold against a longer term position similar to the GOOGL trade…
#Rollup Rolled this week’s 777.5 call (sold for 3.43) out to next week’s 790 @ 1.25 credit
$DUST #ShortCalls – Sold 1…
$DUST #ShortCalls – Sold 1 Dust Dec 16 2016 90.0 Call @ 1.65, adding to my position.
$UVXY #CoveredCalls – Sold UVXY…
$UVXY #CoveredCalls – Sold UVXY Dec 2 2016 16.5 Calls @ 0.10
$ALXN #ShortPuts #FallingKnife – Sold…
$ALXN #ShortPuts #FallingKnife – Sold 1 ALXN JAN 20 2017 90.0 Put @ 1.35
VXX GAME
SVXY. Only a few more left and I am out of December 16 three weeks early.
BTC December 36 puts @0.05, sold @1.65
BTC December 38 puts @0.05, sold @2.26
BTC December 39 puts @0.05, sold @3.10
BTC December 40 puts @0.05, sold @3.220
TLT
Rolled Dec 134 puts out to Mar 2017 133 puts @ .12 credit
Continuing to collect the weekly dividend against the ITM puts…
#ShortCalls Sold TLT DEC 2 2016 121.0 Calls @ .73
These types of positions aren’t as bad as they look. For example, here the short puts are 13 dollars ITM but I’ve collected 6.43 in weekly premium since starting the position. As long as I can keep collecting 75 to 80 cents a week and gradually rolling down the puts it should work out. I look at it like collecting a 2 percent monthly dividend…24 percent dividend yield ain’t bad!
GOOGL
#ShortCalls Bought to Close GOOGL NOV 25 2016 795.0 Call @ .13 (sold for 2.25)
Sold GOOGL DEC 2 2016 792.5 Call @ 2.63
GLD
Rolled Dec 120 puts out to Feb 119 puts @ .05 credit
Continuing to collect the weekly dividend against the ITM puts…
#ShortCalls Sold GLD DEC 2 2016 114.0 Calls @ 1.10
Preemptive SPX roll
#SPXcampaign #CondorRoll #Rolling Since I believe risk is still to upside, I am rolling this one early. My stop on this was 2205 (20 points OTM); we came close yesterday and I believe we will break that level later today or Friday.
STOPPED: Bought to close $SPX Dec 9th 2225/2250 for 4.60. Sold as part of a #CondorRoll for 2.15 on Nov 3rd.
#CondorRoll: Sold to Open Dec 15th 2100/2125/2245/2270 condors for 5.10 (same position size).
LLY
I’ve got enough biotech but LLY looks like a possible put sale…
Feb DUST
My first sale in Feb. Sold $DUST Feb 17 75 call @ 8.60. Starter position at the highest strike.
Jeff – access. The previous banner is missing, when I try to Post I am taken to WordPress ?
Jeff – access. The previous banner is missing, when I try to Post I am taken to WordPress ?
FB #shortputs Sold Dec. 16…
FB #shortputs
Sold Dec. 16 115 put for .88 to go with 126 covered call a result of assigned stock
DE in headlights
#Earnings Record highs for DE… and a dud for the ATM #IronButterfly. I don’t see a pullback t0 93 in the cards by Friday.
Options Bistro 