fuzzballl 4:38 pm on Tuesday, January 24, 2017

Optionshouse (Trademonster) offer

Not bad…

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Hi Scott,

I apologize I am just getting back to you. I was out in LA for a business trip and just got back. You are correct TastyTrade has come out with a very compelling offer. Based on what your trading plans are and the amounts you are looking to deposit, I would be able to offer you $0.40 per contract each way, no ticket. Exchange fees are only roughly $0.04 per contract. This would be for the life of the account not just a promotion.

Our stock trades are $4.95 flat to open and close, and futures trading is $4 round trip. I would unfortunately not be able to discount these trades. Also, we have a dime buy back program, where if you close out a short option that is priced at $0.10 or less, it is a commission free trade.

We would also be able to convert your account to a portfolio margin account. Please let me know what you think, and we can talk further from there. Thanks Scott, and have a great evening!

Best regards,

Mike Mandich

Sales Consultant

OptionsHouse

10 S. Riverside Plaza | Suite 500

Chicago, IL 60606
Direct: 312-488-4368

fibwizard 4:19 pm on Tuesday, January 24, 2017
Tags: OffTopic ( 14 )

A bistro Party

#offtopic

Since all this work by Jeff has been totally successful..and we are members of the best site for home traders,
I think Jeff should host a Bistro Party this year…I’d definetely attend..and help however I can…

geewhiz112 2:42 pm on Tuesday, January 24, 2017
Tags: CoveredCalls ( 2,200 ), EarningsTrade ( 39 ), LongCalls ( 495 ), SPXcampaign ( 2,265 )

Activity

#spxcampaign
$SPX 1/27 2235/2260 BUPS @ 1.00

Close Early
$SPX 1/25 2215/2240 BUPS@.10 91% profit
$SPX 1/31 2040/2140 BUPS @ .20 95% profit

Thanks @jeffcp66 for helping save capital and grow It too!

#earningstrade
$COF 1/27 85/87/89/87 @ 1.60

#coveredcalls
$APC 2/3 70 @ 1.52
$CELG 1/27 115 @.85
$CRR 2/17 11 @.60
$CVI 2/17 25 @.75
$CLF 2/3 9 @ .37
$YELP 2/10 43 @1.70
$MPC 1/27 49 @ .80

#longcalls
$QCOM 2/17 55 Call @ 2.30 (OMM Trade)

tabortrader 2:00 pm on Tuesday, January 24, 2017

Check your calendar on February…

“According to a Fengshui Master in Hong Kong:
This February won’t come in our lifetime again. Because this February has 4 Sundays, 4 Mondays, 4 Tuesdays, 4 Wednesdays, 4 Thursdays, 4 Fridays and 4 Saturdays. This only happens once every 823 years. This is called ‘money bags.’ So share to at least 5 people or 5 groups and money will arrive within 4 days. Based on Chinese Feng Shui. Share within 11 minutes of reading.”

Go figure…

fibwizard 1:38 pm on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

SPX at the Bell

#spxcampaign
just before the 3:15 close, STO 2 SPX Feb 24 2200/2100 BUPS @ 4.60

Entered my trade as the ES crossed below the R2 Pivot line..after a mild pullback before close..

Jeff 1:17 pm on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

Extra put spread sold

#SPXcampaign In after market, Sold to Open $SPX Feb 3rd 2260/2235 put spreads for 3.35.

fuzzballl 1:11 pm on Tuesday, January 24, 2017

CMG strangle

Another one in rally mode…another big up day tomorrow and the call side will begin having issues so buh bye! Looking out to next week for a nice earnings strangle…

Bought to Close CMG JAN 27 2017 390.0/430.0 Strangle @ .68 (sold for 4.60)

jsd501 12:51 pm on Tuesday, January 24, 2017

PCTY

Earlier today STO Feb. 17, 30 puts @0.85

jsd501 12:48 pm on Tuesday, January 24, 2017

SVXY

STO January, 2018 220 call @5.15 on 1 contract. Thanks to Ramie for pointing out the new strike price.

Jeff 12:32 pm on Tuesday, January 24, 2017
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX calls stopped

#SPXcampaign On the small pullback I bought to close $SPX Jan 30th 2285/2310 call spreads for 5.65. Sold as part of a #CondorRoll yesterday for 4.35.

Jeff 12:17 pm on Tuesday, January 24, 2017

New all-time high on SPX…

New all-time high on SPX today.

Ramie 12:06 pm on Tuesday, January 24, 2017

Closing STZ

Bought to close $STZ Feb 17 135 puts @ .25. Sold for 1.30 on 1/5 (thanks again @vxxkelly).
Taking my 80% of available profit off the table.

Jeff 11:53 am on Tuesday, January 24, 2017
Tags: LongSpread, RiskReversal ( 86 ), Rolling ( 447 ), SPXcampaign ( 2,265 )

SPX trades, part 2

#SPXcampaign #Rolling #LongSpread #RiskReversal
Sold to Open $SPX Feb 6th 2290/2315 call spreads for 6.70, as a roll from Jan 27th spread stopped earlier. This was a fat-fingered fill. Was trying to enter the order for 7.00 but it didn’t take. I can let this get ATM or even ITM and roll next Monday at the latest.

And for the possibility of a strong push into Friday, I did this Risk Reversal:
BOUGHT to Open $SPX Jan 27th 2300/2325 call spreads for 1.10
Sold to Open $SPX Jan 27th 2260/2235 put spreads for 1.10

If we don’t get the strong push, then I’ll be flat, UNLESS we go down below 2260 instead.

Jeff 11:49 am on Tuesday, January 24, 2017
Tags: ContangoETFs ( 446 ), CoveredCalls ( 2,200 ), Gold ( 26 ), ShortCalls ( 979 )

Gold trades

#ContangoETFs #ShortCalls #CoveredCalls #GOLD
Earlier today…
STO RGLD Feb 17th 80 covered call for .50

BTC DUST Feb 17th 107 call for .05. Sold for 5.45 on Dec 20th.
BTC Dust Feb 17th 75 call for .15. Sold for 9.00 on Nov 23rd.

This leaves me flat in DUST/NUGT. Going to leave them alone until one of them goes on a bullish surge. I did well overall on this DUST bull run (started selling calls on Oct 4th), although it would have been better if I wasn’t forced to close a few on the highs due to margin (Nov 11 & 14). I will be careful to not sell too many too fast next time.

Jeff 10:41 am on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

SPX call spread stopped

#SPXcampaign Looks like the boredom could be over. Having to stop a call spread for the first time in awhile…

Bought to close $SPX Jan 27th 2280/2305 call spread for 6.65. Sold for 7.40 on Jan 13th.

Since an Upside Warning is still in effect, this could easily turn into a run up above 2300. I will be rolling the above spread to a higher, farther out call spread. Also keeping a watch on the Jan 30th 2280/2305 spread I sold yesterday. Will cut it loose if we don’t stop at 2280.

The Jan 25th 2285/2310 call spread that closed on my GTC order this morning for .20? Now trading for 2.30. This is why I don’t allow close call spreads to expire, even if there’s only one day left.

Ramie 10:37 am on Tuesday, January 24, 2017

SVXY call

Sold Jan 19 2018 220 call @ 5.00. 220 is now the highest strike.

fibwizard 9:34 am on Tuesday, January 24, 2017
Tags: Futures ( 85 )

Futures Trades

#futures

2 trades for 30 points each today..best I can do on a slow day…
60 points @ 25.00/point

Entered at or just before the TTM_Squeeze signal fired …verified with the TTM_wave signal..
Exited my trades as the squeeze and wave signals turned down…also 90% of the 2nd trade was between the R1 and R2 pivots…as it approached the R2 Line, it was time to exit..

Jeff 9:21 am on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign Sold to Open $SPX Feb 24th 2330/2355 call spreads for 1.40, earlier when SPX was at 2271.

Bought to close SPX Jan 25th 2215/2240 put spread for .20, and Jan 25th 2285/2310 call spread for .20, earlier when SPX was wavering between 2268 & 2270. Sold as an iron condor for 4.00 last Wednesday.

fuzzballl 8:37 am on Tuesday, January 24, 2017

EWW

Reload for March…

Sold EWW MAR 17 2017 43.0/48.0Strangles @ 1.40

fuzzballl 8:14 am on Tuesday, January 24, 2017

EWW playing it safe

This thing is starting to move so booking the strangles at decent profit. Looking out to March for new strangles.

Bought to Close EWW FEB 17 2017 39.0/45.0 Strangles @ .93 (sold for 1.26)

fibwizard 7:11 am on Tuesday, January 24, 2017
Tags: SPXcampaign ( 2,265 )

Closed SPX Trade

#spxcampaign

Jan 6 Sell 2 Jan 27 2220 puts $4.90 $980.00
Jan 24 Buy 2 Jan 27 2220 puts -$0.75 -$150.00

Gain 83%

Bobbie 6:59 am on Tuesday, January 24, 2017

Jeff – what do u…

Jeff – what do u think of selling 92/82 Jan 27 strangle for .48cr?

Jeff 6:42 am on Tuesday, January 24, 2017
Tags: Earnings ( 3,108 ), IronButterfly ( 141 )

COF earnings

#Earnings #IronButterfly Trying the same approach on this one. Has not moved much on earnings, except for 2 outlier moves in 2015. So it’s a decent candidate for an IB. Also, banks have not been moving much this quarter on earnings, after their bullish runs since the election.

Sold to Open $COF Jan 27th 85/87/89 iron butterfly for 1.60. Max loss .40.

Here are its one-day moves:
Oct. 25, 2016 AC 0.05%
July 21, 2016 AC -1.41%
April 26, 2016 AC -2.17%
Jan. 26, 2016 AC 4.83%
Oct. 22, 2015 AC 8.24%
July 23, 2015 AC -13.12%
April 23, 2015 AC -1.73%
Jan. 22, 2015 AC 1.83%
Oct. 16, 2014 AC -2.67%
July 17, 2014 AC -0.24%
April 16, 2014 AC -0.35%
Jan. 16, 2014 AC -5.29%

Average move: +/- 3.5%
Avg move if you remove the 2 outliers: +/- 1.7%

Jeff 6:39 am on Tuesday, January 24, 2017
Tags: Earnings ( 3,108 ), IronButterfly ( 141 )

JNJ earnings update

#Earnings #IronButterfly In this bullish market, a gap down is the best for an IB when we have 3 days left to expiry. Yesterday sold the Jan 27th 113/115/117 iron butterfly for 1.35.

Just now, bought to close the 115 calls for .05. Now I have until Friday for JNJ to recover toward the 115 area, allowing me to close the puts for cheap. It may not happen, which means loss will be .70 on the trade.