#spxcampaign #longcalls #bullputspreads
Closed Early
$SPX BTC 2/17 2275/2300 BUPS @ .45 87% profit (Thanks @jeffcp66)
$SPX BTC 2/17 2355/2330 BECS @ 3.50 STO 1/19 @ 1.50 (Fortuitous fill- not my nickname)
$FB STC 2/17 120 call @13.60 BTO on 11/19 @7.30
$NVDA STO 3/17 100/105 BUPS @ 1.40
Assignment (lost dividend)
$MSFT 2/17 64 call
Happy Valentine’s Day to all. Back to green tomorrow.
$SVXY #ShortCalls – Sold 1 SVXY JAN 19 2018 250.0 Call @ 5.80 with the stock at 133.65. Highest available strike price.
$MYL #CoveredCalls – Sold MYL APR 21 2017 45.0 Calls @ 0.76
#SPXcampaign Sold to Open $SPX March 16th (monthlys) 2405/2430 call spreads for 1.40, w/SPX at 2335. (standard weekly position)
#ITMrolling Dealing with three of these now, so I am rolling each one week before expiration.
Bought to close $SPX Feb 21st 2300/2325 call spreads for 18.50. Sold for 5.40 on Feb 1st.
Rolled one week further, 5 points higher: Sold to Open Feb 28th 2305/2330 call spreads for 16.50, w/SPX at 2327.
I sold that roll after we started recovering from this morning’s whipsaw. I intended to sell some puts to make up the 2.00 debit, but we kept going higher. Since I’m fairly heavy on aggressive put spreads, I felt better adding calls, believe it or not. So I added an extra call spread on the same expiry. I intend this one to expire while the one above will likely roll again:
Sold to Open $SPX Feb 28th 2365/2390 call spreads for 2.05, w/SPX at 2335.
$DUST #ShortCalls – Sold DUST JUN 16 2017 65.0 Calls @ 1.70. Offsetting some short put positions at the highest available strike price
$NUGT #ShortPuts #OptionLadder – a while back I was selling DUST puts so that NUGT would go up. And it did.
Now I’m selling NUGT Puts so the DUST will go back up.
Sold NUGT MAR 10 2017 9.0 Puts @ 0.26
Sold NUGT MAR 17 2017 9.0 Puts @ 0.37
Sold NUGT MAR 24 2017 9.0 Puts @ 0.49
Sold NUGT APR 21 2017 7.0 Puts @ 0.37
Another long term diagonal spread. Rolled my 830 calls that expire Friday out to March 3, 835 calls for a credit of 0.90 cents. Some day I expect to get ahead of the stock and have the weekly options expire at zero.
In the long diagonal call spread, I rolled the 840, Feb. 17 call out to the March 3, 850 call for a credit of .70 cents.
#Short Puts Bought to close $ETE Feb 17th 18 Puts @ .05. This was off a Good Till Cancelled order. Originally rolled from Jan 20th 18.50 Puts
#LongCallDiagonals – Still easing it up a little at a time…
Rolled this week’s 782.5 call to Mar 10 785.0 @ .15 debit
Taking advantage of the pullback and paying a small debit to pick up 2.5 points in the strike price.
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 820.0 call to Mar 3rd 825.0 @ even
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.
#SPXcampaign Taking another shot at an #IronButterfly. PEP rarely moves much on earnings. With stock at 106.30 this is slightly bullish placement… the chart is in a small uptrend; plus if it does drop or stay flat after the report it will have until Friday to rise back into range. Risking .67 to make 1.33.
Sold to Open $PEP Feb 17th 105/107/109 iron butterfly for 1.33.
Over last 12 reports, FIVE day moves: Biggest UP move: 3.8%, Biggest DOWN move: -4.2%, Average move: 2.0%. Breakevens on Friday are 105.67 and 108.33. -0.6% and +1.9% OTM.
#ShortPuts #IRA – Looking for a bounce eventually…
Sold NVDA APR 21 2017 105.0 Put @ 5.10
Sold NVDA APR 21 2017 100.0 Puts @ 3.10
Sold NVDA APR 21 2017 95.0 Puts @ 1.75
#SPXcampaign Sold to open $SPX March 16th (monthlys) 2220/2195 put spreads for 1.30, with SPX at 2325.
Happy Valentines Day to all!
Options Bistro 