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