TSLA adjustment

Posted this last week:

#ShortStrangles -Not a big fan of this thing so getting out of the way. I’ll revisit it over earnings. Closing short call and letting short put sit for now. May still eventually roll this short call into a new strangle.

Current position: Apr monthly 255/275 strangle @ 11.53

Bought to Close TSLA APR 21 2017 275.0 Call @ 12.20

So if the put expires it’s a .67 loser. (1 contract…LOL) Might still roll this into something pretty wide to scratch out a small winner…

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Glad I got out of the way. Now trying to get back to a slight winner:

Rolled TSLA Apr 21 255 put to Apr 28 257.5 put @ .70 credit. Hopefully this is before earnings…

Reinitiating a strangle in IWM

I closed the April strangle last week. Putting one on for May with a bit of a bearish bias.
Sold $IWM May 19 130/140 strangle 2.76 with the underlying at 136.30. Just as with April, I will look to take this trade off for at least 50% of max profit.

$SVXY #ShortPuts – Sold 1…

$SVXY #ShortPuts – Sold 1 SVXY MAY 19 2017 85.0 Put @ 1.70

SVXY (for the team)

It warms my heart to see all the volatility selling today. My 143 put is finally doing it’s job…and could still recover by Friday!

🙂 🙂 🙂

#TakeOneForTheTeam

$UVXY #ShortCalls – a bit…

$UVXY #ShortCalls – a bit of fun today playing at the top of the chain
Sold UVXY Apr 28 2017 39.0 Calls @ 0.41
Sold UVXY May 5 2017 39.0 Calls @ 0.59
Sold UVXY May 19 2017 39.0 Calls @ 1.03

SVXY

STO May 12, 80 puts @1.05

STO May 12, 85 puts @1.30

$SPX Iron Condor

STO May 19 2450/2440/2190/2180 @1.45

SVXY

#ShortPuts #IRA #VXXGame – Sold SVXY MAY 12 2017 95.0 Put @ 2.25

Closing WHR

Bought to close $WHR Jun 16 130 puts @ .40. Sold for 1.34 on 1/27.

SPX trades

#SPXcampaign Stopped out on this one which started the day ITM… exited when it was ATM, and now it is quite OTM and much cheaper… now need to wait for recovery to sell a roll.
Bought to close $SPX April 10th 2360/2385 call spreads for 9.00. Sold for 8.60 last Tuesday.

Also closed:
Apr 7th 2400/2425 call spreads for .20. Sold as #CondorRoll for 4.10 on Mar 23rd
Apr 5th 2380/2405 call spreads for .25. Sold for 3.45 on Mar 24th
Apr 5th 2375/2400 call spreads for .35. Sold for 6.10 on Mar 23rd

SPX put spreads sold

#SPXcampaign Sold To Open $SPX May 5th 2215/2190 put spreads @ 1.30 earlier when with SPX @ 2351

JPM

#LongCallDiagonals – Selling next week’s calls against Jan 2019 long position. In an #IRA so have to roll…

Bought to Close JPM APR 7 2017 90.0 Calls @ .03 (sold for .23)
Sold JPM APR 13 2017 89.0 Calls @ .39

TLT

#PerpetualRollingStrangles – This week’s 119.5 puts looking safe so selling more and rolling calls.

Rolled this week’s 119.5 calls to May 5th 120.5’s @ even

And:

Sold TLT APR 13 2017 121.5 Puts @ .82
Sold TLT APR 13 2017 122.0 Puts @ 1.08

SVXY

STO May 5, 90 puts @1.07 on 2 contracts.

$UVXY

STO May 5 $39 calls @ $0.45

Looking at shorter term positions now, premium is not very good short term, but if $UVXY climbs another $1 or so, those premiums should get much better.

SVXY

STO May 5, 90 puts @1.07

$UVXY

STO Apr 28 $35 calls @ $0.33

SVXY

STO January 2018, 75 puts @6.25

UVXY

STO June 16, 60 calls @.70 cents. Adding a small amount to the position.

$UVXY

STO May 19 $39 calls @ $0.75, following @optioniceman trade on friday.

SPX puts sold

#SPXcampaign Sold to Open $SPX May 5th 2245/2220 put spreads for 1.45, with SPX at 2363.

SPX calls closed, calls sold

#SPXcampaign Bought to close $SPX Apr 3rd 2380/2405 call spreads for .15. Sold as a #CondorRoll for 7.80 on March 21st.
Sold to Open SPX May 5th 2440/2465 call spreads for 1.45, with SPX at 2365.

$MYL #FallingKnife Sold $MYL Oct…

$MYL #FallingKnife
Sold $MYL Oct 20 32.50 puts @ 1.10

Econ Calendar week of 4/3/17

Be sure to periodically click “Home/REFRESH” above to keep features in the right-hand column updated.

JOBS report on Friday.

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