Box of Chocolates

#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)

FFIV and EBAY trades looking good, Mortimer…

Now if LUV does well in the morning, I’ll be 3-for-3 overnight.

#luv

SVXY

Just got filled after hours. STO January 2018, 225 call @5.10 on 1 contract.

#SPX Campaign Back from the…

#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.

SPX, closing half of long calls

#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.

EBAY earnings

#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.

Options Guides – Education

#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.

Click to access UltimateGuide.pdf

Futures Trade

#futures

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…

es

SWIR

STO March, 17.5 puts @1.20

LUV earnings

#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%