ITM roll completed

#SPXcampaign For the ITM March 1st spread I closed this morning, sold these spreads separately to complete a #CondorRoll

Sold to Open $SPX March 8th 2315/2340 call spreads for 21.75
Sold to Open $SPX March 8th 2320/2295 put spreads for 2.20

anyone playing SINA?

anyone playing SINA? never mind

DISH earnings

#Earnings – Bought to Close DISH FEB 24 2017 60.0 Puts @ .05

Order in to close the calls also…

Thanks Jeff!!

MBLY puts

STO September, 40 puts @2.45

FED: Rate hikes “fairly soon” could be possible

CMG Strangle

#ShortStrangles – Closing the put side of March 370/450 strangle…Any more weakness I’ll be looking to sell it again.

Bought to Close CMG MAR 17 2017 370.0 Put @ .25 (sold for 2.85)

$UVXY #ShortCalls #VXXGame – Sold…

$UVXY #ShortCalls #VXXGame – Sold 1 Apr 21 2017 41.0 Call @ 1.44 with the stock at 21. My first sale in this expiration month and the highest available strike price.

$DUST #ShortPuts – Sold 1…

$DUST #ShortPuts – Sold 1 DUST Jun 16 2017 19.0 Put @ 2.35 with the stock at 29.
This replaces one of the short puts I covered this morning.

VXX game trades

#VXXGame #ShortPuts #ShortCalls
Decided to finally throw on some short volatility trades to offset my annoying SVXY short calls. These trades were made yesterday but I forgot to post:

STO UVXY March 3rd 26 calls for .50
STO UVXY March 17th 32 calls for .73
STO SVXY March 17th 100 put for 1.35
STO SVXY March 17th 110 put for 2.53

$CVS #ShortCalls – Bought to…

$CVS #ShortCalls – Bought to close CVS Jan 24 2017 82.5 Calls @ 0.01. These were leftover short calls from a ratio write on this stock that I sold last Friday on assignment. No reason carry this risk anymore.

W earnings

#Earnings Not one I have traded before but fairly fat options prices to give a 1-to-2.33 risk/reward on an #IronButterfly. It can have fairly sizable moves so probability is low while reward is high.

Sold to Open $W Feb 24th 35/40/45 iron butterfly for 3.50. Over last 12 earnings, Biggest UP move: 28.2%, Biggest DOWN move: -19.6%, Average move: 13.3%.

$SVXY #ShortPuts – Sold all…

$SVXY #ShortPuts – Sold all these on this morning’s weakness in $SVXY. The April Puts are my first sales in this expiration month.
Sold SVXY Mar 17 2017 89.0 Puts @ 0.89
Sold SVXY Apr 21 2017 80.0 Puts @ 1.54
Sold SVXY Apr 21 2017 75.0 Puts @ 1.14
Sold SVXY Apr 21 2017 70.0 Puts @ 0.84


STO Apr 21 32.50/22.50 bups @ 1.54 a similar trade by Fauzia at TT.

Back at the “trading desk” from warm climes, three weeks of Kauai and Maui…watching Options Bistro and PDX weather reports dreading that 40 degree swing for these old bones. Mostly in cash now, did close a few SVXY positions and kicked some long stock dividend holdings to the side of the road once they dropped on down grades and dividend cuts. Will crank up the trading, to save up for the next weather break.

Hope all are well?! Trade safely…

TSLA earnings

#Earnings #ShortStrangles Sold to Open $TSLA Feb 24th 250/310 strangles for 1.94. Slightly bullish positioning. Over last 12 earnings, Biggest UP move: 11.2%, Biggest DOWN move: -11.3%, Average move: 5.7%. These strikes are -8.8% and +13.1% OTM.


STO September 67.5 puts @1.75

TSLA has earnings today amc…

TSLA has earnings today amc today. Anybody got any ideas for trades. I’m looking at 235/320 for .57 cr. What do y’all think?

#earnings FIT I know that…

I know that again I am going against the basic tenets here but…
FIT announces earnings after the close today. I bought a Feb. 26 6 put for .38, the stock is just under 6. FIT has done nothing but go down, and go down after earnings, except once. The smallest negative earnings move has been -8%. The average negative move is 19%. The only positive move was 8%. The wearable device field is crowded and the big boys are involved, like Apple. All of this means nothing and it could rocket higher. A directional, long, sacrilegious roll of the dice…

$DUST #ShortPuts – Bought to…

$DUST #ShortPuts – Bought to close DUST Mar 3 2017 20.0 Puts @ 0.05 in an IRA account. They won’t trade any lower.
Originally Sold 02/02/17 @ 0.65

$DUST #ShortPuts – Bought to…

$DUST #ShortPuts – Bought to close DUST FEB 24 2017 25.0 Puts @ 0.05 in an IRA account. They won’t trade any lower.
Originally Sold 01/23/17 at 1.65

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY Feb 24 2016 108.0 Puts @ 0.24. Less than 3 days until expiration with the stock above 126.

$DUST #ShortCalls – Sold DUST…

$DUST #ShortCalls – Sold DUST Jan 19 2018 90.0 Calls @ 4.80. Paired with a bunch of ITM Apr and Jun short Puts.
Highest available strike price.

FB covered calls

#Earnings #StockTrades #CoveredCalls #Rolling
BTC FB Feb 24th 140 covered call for .04. Sold for 1.07 on Jan 13th.
STO FB Mar 31st 140 c0vered call for 1.40.

SPX trades

#SPXcampaign Sold to Open $SPX March 24th 2255/2230 put spreads for 1.35, with SPX at 2361.

#CondorRoll Sold to Open SPX March 10th 2295/2320/2415/2440 condors for 3.90. This is a roll from calls stopped yesterday after the bell for 3.75.

#ITMroll Bought to close SPX March 1st 2305/2330 call spreads for 22.90. Sold for 21.00 last Wednesday. Will roll into March 8th 2315/2340 later when SPX goes higher.

Stopped: Bought to close SPX March 3rd 2380/2405 call spreads for 3.85. Sold as part of a #CondorRoll for 3.00 on Feb 13th. Will look for a roll later today.

FB breaking out

#StockTrades #Earnings I am long stock from my year-long earnings trade.


STO Feb 24 $23.5 calls @ 0.36 followed @optioniceman
STO Mar 3 $30 calls @ $0.33

$UVXY #ShortCalls – Sold UVXY…

$UVXY #ShortCalls – Sold UVXY Feb 24 2017 23.5 Calls @ 0.42. Three days until expiration and 1.5 points above last week’s high

TRIP #FallingKnife Sold $TRIP Jun…

TRIP #FallingKnife
Sold $TRIP Jun 16 40 puts @ 1.35

Closed FSLA strangle for .05…

Closed FSLA strangle for .05 db