REGN earnings strangle…

335/370 @ 4.70

Out all day…sending from phone.

Market

I’ve been in an all day meeting today (currently on a break) so just now getting to seeing the market. Looks like I didn’t miss much. I’m leaving on vacation friday and will be out all next week so haven’t put on any new positions since last week. Will start doing some /YM paper trading when I get back. Someday we’ll be selling the hell out of $UVXY calls again.

#SPX Campaign BTC Feb 24th…

#SPX Campaign BTC Feb 24th 2100/2120 Put spread @ 0.15. Originally sold for 0.85 on 1/23

Going short bonds via

Out of the money short calls in March.
Sold $TLT Mar 17 126 calls @ .61 with TLT at 122.05.

Adding some NUGT calls

Sold $NUGT May 19 26 calls @ .80. Highest strike (with NUGT currently at 13.34).

$DUST #ShortCalls #Strangles – with…

$DUST #ShortCalls #Strangles – with DUST below 25.0 and pushing even my lowest strike price Puts into the money, I’ve decided to partially hedge any unexpected assignments that might happen over the next month or so.
Sold DUST APR 21 2017 53.0 Calls @ 0.85
Sold 1 DUST JUN 16 2017 65.0 Call @ 1.55
Sold 1 DUST JAN 19 2018 90.0 Call @ 4.10
These trades cost nothing in the way of margin but they do bring in a cushion of cash. All are the highest available strike prices and as long as I am carrying short puts I should be able to safely add to these at higher prices.

$GILD #ShortPuts #FallingKnife – Sold…

$GILD #ShortPuts #FallingKnife – Sold 1 GILD AUG 18 2017 55.0 Put @ 1.40.
Staying small and watching this one cautiously to see what the premium does if we get another leg down.

Open Trade ES

#futures

9:30 9:30 reversal moves down and bounces at 2283…
9:35 Long ES 2283, as wave stays above zero and bars stay blue….stop at 2281
9:40 ES moves to 2288, stop moved to 2286
10:00 ES moves to Center PP, at just under 2289..stop moved to 2287
10:00 ES moves to 2290, stop moved to 2288
10:05 exit trade at 2290, as the ES stalls and wave turns red…

gain 7 points
250/point

es

#postearnings #tastytradefollow AGN FEB 17…

#postearnings #tastytradefollow
AGN FEB 17 IC 217.50/227.50/245/255 for 1.94

GILD #FallingKnife Sold $GILD Aug…

GILD #FallingKnife
Sold $GILD Aug 18 55 puts @ 1.32

$UAA – From Tasty Trade this morning

February 8, 2017
Talk about a cool brand falling from grace.  It seems like nobody loves Under Armour anymore.  First, it’s the anti-hunters hating UAA for sponsoring hunters.  Then hunters hate UAA because they caved to anti-hunters and dropped sponsorship of someone who speared a bear.  Now it’s the market hating on UAA because their numbers didn’t match the “rah rah!” forecasts of its CEO.  The stock dropped 30% last week on disappointing earnings.  Me?  I buy their t-shirts when they’re on sale.  T-shirts don’t last long on the Preston ranch, and I don’t mind being unpopular.  And to be unpopular with the market would be to take a bullish stance on UAA.  If you think UAA isn’t down for the count quite yet, and that the stock might not drop much more, the short 19.5 put in the March weeklies with 30 DTE is a bullish strategy that has a 75% prob of expiring worthless, creates just over $1.00 in daily theta, and has a .30% theta return on capital.