A weaker day and uglier close for the SPX, but still an anemic VIX with a lower higher and only a slightly higher close than yesterday.
#ShorCalls Just before the close sold to open March 24th 27 Calls @ 0.42
#Earnings Sold to Open $PLCE March 17th 95/90 put spreads for 1.10. Over last 12 earnings, PLCE has been negative only ONCE eight days after the report. 8-day moves: Biggest UP move: 20.0%, Biggest DOWN move: -6.1%, Average move: 7.4%. This trade is 4.7% OTM.
Going with a spread since I’m not feeling like being naked after the PANW burn last week.
#Futures – Adding a new position using fibwizard’s call strike from his SPX trade earlier. Going a roundabout way to make it a no risk to the downside trade…while setting up a nice short entry if we rally big.
SOLD /ESM7 (June) @ 2366.50
SOLD /ESM7 APR 17 (Wk3) 2425 PUT @ 66.25
1. Position makes 7.75 on anything below 2425
2. I’ll go short /ES at a basis of 2432.75 on anything above 2425
3. Anything in the gray area between 2432.75 and 2425 is profitable with closer to 2425 being better
This is an experiment….looking at it now with all the numbers in front of me a better play would’ve maybe been to sell a slightly lower put to capture more possible gains while getting a short basis closer to 2425.
#ShortCallSpreads – Bought to Close UVXY MAR 17 2017 30.0/35.0 Bear call spreads @ .06 (sold for 1.22)
Bought to close TMUS Mar 17 60 straddle @ 3.20. Sold for 4.30 on 2/15.
My goal was to take this off at 25% of the profit so I’m sticking to the plan.
Open Gap Fade
9:00am Bought YM Long at 20920, fading the open downside gap
9:45am Exit YM Trade at 20960, as the price hit the Mid-PP, and formed new HOD..
Gain of 40 points
2:40 $ticks exceeds -1000, Enter a long YM trade at 20900
3:00 Exit my trade as the Fade of extreme ticks works, at 20920, at a 61% Fib level
Gain of 20 points
80 points for the day( includes 2 small 10 point scalps)
STO 2 Apr 05 2280/2425 Strangle @ 9.13
#SPXcampaign Here are the trades I made earlier…
Sold to Open March 20th 2320/2295 put spreads for 1.60, to make up for the debit from #ATMroll made on Friday.
Sold to Open March 31st 2420/2445 call spreads for 2.65, to make up for the debit from #ITMroll made yesterday.
Sold to Open April 7th 2450/2475 call spreads for 1.40, when SPX hit 2375. Standard weekly trade.
Sold 1 SVXY JAN 19 2018 245.0 Call @ 3.75
BTC April 21, 170 puts @0.10 cents with no brokerage over 6 weeks early. Sold @3.60
DKS, Dick’s Sporting Goods-maybe a candidate-negative earnings report, down 9% so far, $44 stock
NUGT Rolled March 24 9 put to April 21, 9 put for a credit of .43