#spxcampaign
Closed %&$(^&$#@)(*&&
$SPX 1/25 2310/2285 BECS @ 400% loss (Had profit yesterday but chose not to close)
#longcalls
$VALE 2/17 12 calls @ .18 – lottery ticket (Dr Science idea @ OMM)
#earnings (@jeffcp66)
$EBAY 1/27 28.50 puts @ .36
$LUV 1/27 49/50 BUPS @ .50
#shortcalls
$AKS 3/17 12/8 BECS @ .80 (Dr Science idea @ OMM)
Now if LUV does well in the morning, I’ll be 3-for-3 overnight.
Just got filled after hours. STO January 2018, 225 call @5.10 on 1 contract.
#SPX Campaign Back from the dog walk. After much reflection I closed my Feb 17th 2340/2360 BeCS at $2.00. I will look to open a new and further out BeCS with 1.5x the original contracts when it appears the break out has settled down.
#SPXcampaign Sold to Close $SPX Jan 27th 2300/2325 call spreads for 4.00. Bought for 1.10 yesterday. That was on my Reg-T marin accounts. For my Portfolio margin account, I closed only the long calls and left the 2325 shorts to expire Friday: Sold to Close $SPX Jan 27th 2300 calls for 4.70.
Will look to close the remainder of the spreads after they reach 8.00. If they don’t will exit before the theta drains out.
#Earnings #ShortPuts Sold to Open $EBAY Jan 27th 28.5 puts for .30. Biggest UP move: 13.9%, Biggest DOWN move: -12.5%, Average move: 6.4%. This trade is -5.9% OTM.
Playing this one bullish; 28.5 is just below 200 ema. 28.5 stock price is easy to manage if assigned.
#optionseducation @optionshane
I know you probably get a gazillion emails hyping the “perfect guide or webinar” that will make you a millionaire in 30 days with only $5.00…right!? Alt>Delete faster than a speeding bullet!
In spite of the many offers I get and trash, the link below actually sent an easy-to-read overview of trading options, without advertising or weird videos! If you are just starting out it’s a must read.
ES trade
On the bounce at the 61% Fib retrace, went long 5 contacts at 2288..( 10:51am), exited my trade as ES paused at the 2292 for a 4 point ES gain..
4 points x 250 per point…
STO March, 17.5 puts @1.20
#Earnings #BullPutSpreads Taking a bullish trade on LUV with an 11:9 risk reward. All airlines have been going strong. LUV’s last two reports were down, but all airlines were struggling last year, with their bullish trends starting around October.
Sold to Open $LUV Jan 27th 50/49 put spreads for .45.
Here are last 12 reports:
Oct. 26, 2016 BO -8.46%
July 21, 2016 BO -11.20%
April 21, 2016 BO 1.44%
Jan. 21, 2016 BO 0.50%
Oct. 22, 2015 BO 7.40%
July 23, 2015 BO 3.87%
April 23, 2015 BO 0.95%
Jan. 22, 2015 BO 8.41%
Oct. 23, 2014 BO -2.77%
July 24, 2014 AC 1.95%
April 24, 2014 AC -1.31%
Jan. 23, 2014 BO -2.43%
If you look at the chart for $SVXY. From about March until the election it pretty much ground higher (draw a regression line through the price action or just squint) at a steady pace. Yes there peaks and pull backs, but that’s what should happen. From the election until monday, it continued to move higher but at a much steeper angle. Add in the last 2 days, and the chart is starting to go asymptotic.
No argument that the price action is strong in the market. But if you look at the volume on the $SPY, it is anemic. Volume is dropping as $SPY grinds higher today. Just no sellers, so any buyers have to keep raising bids to get a fill.
#SPX Campaign Jeff et. al. With the market seeming to be finally breaking out here would you advocate closing a Feb 17th 2340/2360 Call spread here or wait and roll later.
BTC Feb 03rd 80 Puts at .05 on a GTC order. BTC Feb 10th 80 Puts to free up the cash so I could add some $NEWT to the portfolio on the price drop with the secondary.
#ShortStrangles – Been rolling for awhile and gradually narrowing some 121/114 inverted strangles waiting to see which side goes away first. With the stock moving up I’m rolling the short calls into new unbalanced, more bullish, less inverted, strangles.
Bought to Close AAPL JAN 27 2017 121.0 Puts @ .39 (sold for 1.10)
Rolled 114 calls to next week’s 125/120 inverted strangles @ .45 credit (2 puts for 1 call)
#Earnings #ShortStrangles
Sold to Open $FFIV Jan 27th 130/157.5 strangles for .90. (filled quickly so more may be possible)
Biggest UP move: 9.6%, Biggest DOWN move: -10.0%, Average move: 4.8%. These strikes are about 9.5% OTM.
STO Feb. 17, 57.5 puts @1.15 and staying small . Earnings on Feb. 8
#ShortStrangles – Taking off the call side but still holding the 260 put for now.
Bought to Close IBB FEB 17 2017 300.0 Call @ .25 (sold for 2.85)
#AfterHours #StockTrades #Earnings
Sold to Close $PANW stock for 146.52. Bought for 140.85 after their earnings announcement, after hours on Nov 21st. This was supposed to be a 1-hour to 1-day trade. But it decided to dip down below 124.00 before recovering.
New VIX low hit, lowest since July 2014
#LongCallDiagonals – Still easing it up a little at a time…
Rolled Feb 100 to Jun 115 @ .45 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 772.5 to next week’s 777.5 @ .61 credit.
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
10-jan Sell 2 Feb 13 2190 Puts @ 6.70
25-Jan Buy 2 Feb 13 2190 Puts @ -2.20
Gain @ 60%
25-Jan Sell 2 Feb 13 2230 puts @ 4.40
13-Jan Sell 2 Feb 3 2220 puts $5.30 $1,058.00
25-Jan Buy 2 Feb 3 2220 puts -$1.50 -$300.00
Gain @ 70%
#SPXcampaign In pre-market, Bought to close $SPX Jan 27th 2235/2210 put spreads for .20. Sold for 1.75 last Friday.
Looking for higher prices later today so not selling calls yet. But sold my other weekly put spread:
Sold to Open $SPX Feb 24th 2200/2175 put spreads for 1.55, with SPX at 2290.
In an IRA, BTC March 40 puts @.10 and no commissions. We need a correction soon or I will have nothing to close and earn premium.
OFF TOPIC – Jeff’s Portland Gathering !! If we can get the Timing right it is a great idea. Would like to see Portland and the Bistro Group. Then see the San Juans – again, it has been many years since being in the area. :-))
Options Bistro 