When the market is like this and I’m making some decent cash, why do I focus on what I screwed up on? Thinking I should’ve done better…I gotta quit that!
Monthly Archives: January 2017
Learning how to trade options at TT.
#optionseducation @optionshane
Several have recently posted questions about how to trade options those members might checkout a new series of “WDIS: Where do I start?” on tastytrade.com called , “Options 101.” This series is going to start at the beginning with understanding the basics and continue through advanced options. It will be a long series so one might want to check TT’s progress then jump in at an appropriate skill level.
VIX-Indicator very bullish
#VIXindicator Today we are hitting a place on the Indicator that is similar to Dec 5th, which you can see was right before another huge bullish pop. Provided no bad news smacks the market, we could see a very big run up on Friday, perhaps sparked by the Jobs Report.
Adding to Jan 2018 position
Sold $SVXY Jan 19 2018 190 call @ 6.00. Adds to position I put on this morning at more than $1 better premium.
SPX Trade
Jan 4 STO 2 Feb 03 2080/2180 BUPS @ 4.51
SPX Puts Closed/Rolled
Close and Rolled SPX Short side puts
Dec 23 Sold 2 Jan 31 2140 short puts @ $7.70
Jan 04 Bought 2 Jan 31 2140 short puts @ $3.20
Gain @ 60%
Jan 04 Sold 2 Jan 31 2180 short puts @ $5.50
SPX trades today
#SPXcampaign
Bought to close $SPX Jan 9th 2190/2165 call spreads for .20
Stopped: Bought to close Jan 9th 2275/2300 call spreads for 4.50.
Both of the above were sold as an iron condor last Thursday for 4.25. Will look to roll again this week.
#ReverseRoll from yesterday’s stopped call spread:
Sold to open $SPX Jan 9th 2255/2230 put spreads for 2.85. I have not had luck with ATM put spreads yet, but I’ll keep trying.
SPX Puts Closed
#spx
Closed out Jan 13 BUPS
Dec 31 Buy 1 Jan 13 2100 put -$0.75 -$75.00
Dec 20 sell 1 jan 13 2200 put $5.70 $570.00
Jan 4 Buy 1 jan 13 2200 put -$1.90 -$190.00
Jan 4 Sell 1 jan 13 2100 put $0.30 $25.00
gain 67%
$FB BTO Jan4 116c/STO 118…
$FB BTO Jan4 116c/STO 118 @.95 debit
REGN
#ShortPuts – This thing could go anywhere so managing another one aggressively in the #IRA ….
Bought to Close REGN Jan 20 2017 320.0 Put @ .60 (sold for 5.00)
Still holding a few others…short puts and strangles.
THC
Nice little pop there….see if she holds!
$UAA #CoveredCalls – Sold UAA…
$UAA #CoveredCalls – Sold UAA FEB 17 2017 35.0 Calls @ 0.35
CMG playing it safe
#ShortPuts #IRA – This thing has been under fire for awhile. Booking it on this morning’s bounce. Could easily be down 20 tomorrow. Freeing up a nice chunk of change as well…
Bought to Close CMG Jan 06 2017 370.0 Put @ 1.05 (sold for 4.80)
Still short a March 275.0 so will probably book it on any weakness…
SVXY
STO 1 contract, January 2018, 190 call @5.40
SVXY call
Sold Jan 19 2018 190 call @ 4.78. Highest strike.
SPX puts closed
#SPXcampaign In pre-market, Bought to close $SPX Jan 13th 2130/2105 put spreads for .20. Sold for 1.30 on Dec 12th.
SPX Put Sold
#spxcampaign
$SPX 1/23 2140/2165 BUPS @ 1.70 Thank you @jeffcp66
$SPX 2/3 2100/2125 BUPS @ 1.45 Thank you @jeffcp66
#shortputs
$NVDA 2/3 90 puts @ 1.75 Thank you @fuzzballl
#shortcalls
$REGN 1/13 382.50 call @ 7.00 Covered
SPX Puts Closed
#spxcampaign
$SPX 1/4/2017 2200/2225 BUPS @ 81% (Forgot to pull BTC order, but happy I had one)
SPX calls closed
#SPXcampaign Bought to close $SPX Jan 6th 2260/2285 call spreads for 3.35. Sold for 9.85 on Dec 23rd. Since this got close to 9.00 on this morning’s pop up, I was glad to get out cheaply by being patient. This will be easy to roll so I will do it tomorrow.
My Daily ES trade
Bought 5 ES contracts as ES bottomed in its sideways channel at 12:30 at 2240, set my stop at 2239, trailed the stop up each point of movement, Exited my trade at 2246, for a 6 point gain…exited at 2pm, my cutoff time..as I dont trade against the pro hour..
6 points X 50.00 per point = 300.00, X 5 contracts = 1500.00…
REGN
#ShortStrangles – My 325/425 Jan 20 strangle is about 60 percent profitable so I’ll be watching it closely to make sure I don’t give much back. In the meantime, trying to sneak in another one right before earnings…It’s the highest available call strike (I’d rather have slightly higher) so taking a fairly aggressive put position. I’m only doing this because the Jan position hasn’t been in trouble and I’m able to keep a tight leash on it.
Sold REGN FEB 3 2017 335.0/412.5 Strangle @ 8.50
NVDA again
#ShortPuts #IRA -Selling these in the IRA after closing the EWZ position. Putting the margin back to work…
Sold NVDA FEB 3 2017 90.0 Puts @ 1.70
EWZ
#ShortPuts #IRA – Nice bounce in Brazil today…taking these off a few weeks early.
Bought to Close EWZ Jan 20 2017 30.0 Puts @ .11 (sold for .98)
NVDA strangles
#ShortStrangles – This should be the week before earnings so I’ll have some high IV the following week if I need to roll at all…
Sold NVDA FEB 3 2017 85.0/125.0 Strangles @ 1.56
EWW
#ShortStrangles – Looking to get some theta cranked up and made out pretty good with this ticker last time. Playing it slightly bearish with all the Mexico drama…
Sold EWW FEB 17 2017 39.0/45.0 Strangles @ 1.26
NFLX
STO June 90 put @2.35
SPX roll
#SPXcampaign #CondorRoll #Rolling
We hit 2260 this morning so had to stop out of call spreads expiring tomorrow. I waited for the pullback off the highs:
Bought to close $SPX Jan 4th 2260/2285 call spreads for 4.00. Sold for 1.45 on Friday.
Sold to open $SPX Jan 23rd 2300/2325 call spreads for 2.55
Sold to Open $SPX Jan 23rd 2165/2140 put spreads for 1.60
$FB STO Jan 4 117…
$FB STO Jan 4 117 call@1.35 creating BuCS 116/117@.20
SVXY
STO January 2018 180 call @5.20 on 1 contract.
SPX calls sold
#SPXcampaign Sold to Open $SPX Feb 3rd 2340/2365 call spreads for 1.50, with SPX at 2263.
$SVXY
Covered up the remaining portion of my long stock by selling the Jan 20 100 Call @ 3.00 when $SVXY was at 95.90.
$FB BTO Jan 4/116 Call@1.55…
$FB BTO Jan 4/116 Call@1.55 Day trade
$SVXY
Morning all. Here’s hoping all have a profitable opening that carries us into the next. Sold to open Jen 22nd 95 Calls @ 5.00 when $SVXY was at 94.80 against some long stock that didn’t get called away last week.
SPX puts sold
#SPXcampaign Sold to Open $SPX Feb 3rd 2125/2100 put spreads for 1.45, with SPX at 2255. I know it’s an up day, but premium on the first day of the week is usually good on both sides. Working on a call spread, too.
Econ Calendar for week of 1/2/17
tastyworks fee schedule out today….
Options:
1.00 per contract to open (plus .10 clearing fee)
Futures:
2.50 per contract (plus .30 clearing fee)
Stocks:
5.00 unlimited shares (plus .0008 per share clearing fee)
And here’s the game changer since I rarely let something go until expiration:
0.00 to close ANY POSITION (plus clearing fee)
Overall probably a better deal than my 1.25 per contract at TDA…they do seem like they’re wanting to shake things up. No negotiations on these rates either. Everyone there gets the same…
Options Bistro 