#BuCS at the end. BTO May 3rd SPX 2415/2435 for $2.00
I’ll risk $1.00 on this trade, which possibly could make $18 if the SPX ends up at 2435 by May 3.
I don’t plan on holding it that long though. I may get out if tomorrow the market jumps again and it doubles in price. Low Probability big reward low risk trade.
Daily Archives: Tuesday, April 25, 2017
#trading fees Had a good…
#trading fees
Had a good thing this week. Bonus for taking a class with theo trade (Don Kaufman) where they would hook you up with better fees at tos, > >> Options: $1 per contract no ticket charges or minimum fee
> >>
> >> Stock: $6.95 flat rate.
I have been with tos for many years and asked for lower rates with not much success.
Cost of class was 79.00 well worth it for me.
I have no affiliation with them etc….
Walter
$TLT Closing some #ShortCalls Bought…
$TLT Closing some #ShortCalls
Bought to close $TLT May 19 123 calls @ .82. Sold for 2.47 as a rollout (from April 122.50 calls) on 4/18. Net profit per contract of 1.23 for overall position including rollout.
I am also still short a May 120/124 strangle (120 puts had been rolled up from 116) that I will leave on for now but with a few more days of time decay (and TLT calming down) I will look to take that position off as well.
SPX Campaign Plus Close $SVXY Early
#spxcampaign
$SPX 5/5 2300/2350 BUPS @ 2.00
#vxxgame
$SVXY BTC 5/12 65 put @ .05 Sold 4/13 for .50
Earnings Gambling WYNN
#earnings
$WYNN STO 5/5 1o5/110 BUPS @ .60
$NUGT Closing position a couple months early
For near minimum value.
Bought to close $NUGT Jun 16 24 calls @ .03. Sold for 1.20 on 2/6.
$NUGT #ShortPuts #IRA – since…
$NUGT #ShortPuts #IRA – since I can’t short DUST Calls in this account to pair off with the DUST Put exposure, I’m going another way.
Sold NUGT May 26 2017 7.0 Puts @ 0.48
Sold NUGT Jun 2 2017 7.0 Puts @ 0.53
Sold NUGT Jun 16 2017 6.0 Puts @ 0.37
$DUST #ShortCalls – Sold DUST…
$DUST #ShortCalls – Sold DUST May 19 2017 45.0 Calls @ 0.65 with the stock at 33.50.
Paired with existing short puts. Highest available strike price.
$IWM Rolling the put side…
$IWM Rolling the put side of my May 130/140 strangle up
To capture additional premium (.61 credit)–
Rolled $IWM May 19 130 puts up to May 19 137 puts (25 delta).
Position is now a May 137/140 strangle for which I have now taken in a total of 3.37 in premium. If the Russell continues up I will roll the puts up again.
#Rollup
PEP earnings
#Earnings Slightly bullish #IronButterfly, since it worked for me last quarter. Usually only minor moves on earnings.
Sold to Open $PEP Apr 28th 112/115/118 IB for 1.85.
$SPX BeCS Closed
#SPX Campaign; Jeff, I decided to get rid of my BeCS. With the President revealing the Tax Reform tomorrow I thought that the market may jump another bunch of points up again.
I’ll wait until the VIX give us the green light to get back in.
Took a little loss but nothing to write home about. Still up nicely for the week.
$SPX
#SPX Campaign Jeff, Thanks for the VIX comment. With the morning gap up I elected to close my May 19th 2435/2455 BeCS for 1.70, a .70 loss sans commissions. I was filled when the SPX was @ 2387.21. I think I will wait for the week to play out before venturing back in. #
ANTM earnings
#Earnings Not a big mover on reports, and decent R/R.
Sold to Open $ANTM Apr 28th 165/170/175 #IronButterfly for 3.50. Max risk 1.50. Over last 12 earnings reports, Biggest UP move: 5.5%, Biggest DOWN move: -4.7%, Average move: 2.8%.
This trade is not taking into account the bullish trend. A better positioning might be around the 172.5or 175 strike, or broken-wing with bullish bias.
Closed TSLA and AMZN #BuPS…
Closed TSLA and AMZN #BuPS for 50% profit to avoid Thu earnings.
$DUST #ShortPuts #Rolldown – using…
$DUST #ShortPuts #Rolldown – using the drop in gold miners to do another roll on this position while taking a nice profit on the position I’m closing.
No way to predict where DUST will be on Friday.
Bought to close DUST Apr 28 2017 34.0 Puts/ Sold DUST May 26 2017 31.0 Puts @ 0.10 Credit.
Sliced another 10% off my strike price, which is now out of the money.
CMG earnings
#Earnings Sold to Open $CMG Apr 28th 430/520 strangles for 2.505 (avg price). Over last 12 earnings reports, Biggest UP move: 11.8%, Biggest DOWN move: -9.3%, Average move: 6.8%. These strikes are -8.5% and +10.6% OTM respectively. Leaning bullish because that’s what the option prices are doing; despite being further from current price, the 520 call is going for twice the price of the 430 put.
#earningstraderepair GS April 17, back…
#earningstraderepair GS
April 17, back when the market was going to crash, I sold an iron fly, GS dropped, rolled the puts to May, closed them today, made 1.20 overall on all of the transactions.
The certainty of more upside
#VIXIndicator #Market
This is my last day of traveling so I do not have time to post statistics… you can see past posts by clicking on this: #VIXIndicator
The signal we are now building, VIX closes below the Fib 78.3% retracement, is a very reliable sign that the SPX will continue higher in the coming days. There have been over two dozen occurrences of this since 1999, and in all but one there was no significant pullback for multiple days or weeks.
I am stopping my self out of many call spreads and selling put spreads, some of the them ATM or NTM. I’ll post more stats on this later this week.
SVXY roll
#VXXgame #StrangleRoll Getting out of ATM and ITM SVXY call positions, one at a time…
Bought to close $SVXY Jun 16th 140 call for 12.75. Sold for 6.60 on Jan 20th
Sold to Open SVXY Jun 16th 135/155 strangle for 13.15
Also, BTC UVXY May 5th 40 call for .01. Sold for .75 on Apr 13th
$VXX #ShortCalls – Bought to…
$VXX #ShortCalls – Bought to close VXX May 12 2017 30.0 Calls @ 0.01. They won’t trade any lower.
Earnings before Open
3M Co. (MMM) – consensus EPS $2.06
AK Steel (AKS) – consensus EPS $0.15
AutoNation (AN) – consensus EPS $0.91
Baker Hughes (BHI) – consensus EPS -$0.21
Biogen (BIIB) – consensus EPS $5.00
Brinker International (EAT) – consensus EPS $0.85
Caterpillar (CAT) – consensus EPS $0.62
Coca Cola (KO) – consensus EPS $0.44
Corning (GLW) – consensus EPS $0.35
DuPont (DD) – consensus EPS $1.39
Eli Lilly & Co. (LLY) – consensus EPS $0.96
Fifth Third Bancorp (FITB) – consensus EPS $0.37
Freeport-McMoran (FCX) – consensus EPS $0.18
JetBlue Airways (JBLU) – consensus EPS $0.24
Lockheed Martin (LMT) – consensus EPS $2.79
McDonald’s (MCD) – consensus EPS $1.33
PulteGroup (PHM) – consensus EPS $0.29
S&P Global (SPGI) – consensus EPS $1.38
SAP AG (SAP) – consensus EPS $0.78
Valero Energy (VLO) – consensus EPS $0.63
Xerox Corp. (XRX) – consensus EPS $0.16
Earnings After Markets Close
AT&T (T) – consensus EPS $0.75
Acadia Healthcare (ACHC) – consensus EPS $0.46
Arch Capital Group Ltd (ACGL) – consensus EPS $1.33
Capital One Financial (COF) – consensus EPS $1.97
Chipotle Mexican Grill (CMG) – consensus EPS $1.26
Discover Financial Services (DFS) – consensus EPS $1.46
JBT Corp. (JBT) – consensus EPS $0.51
Juniper Networks (JNPR) – consensus EPS $0.42
Texas Instruments (TXN) – consensus EPS $0.83
Universal Health (UHS) – consensus EPS $2.07
Wipro (WIT) – consensus EPS $0.13
Wynn Resorts Ltd (WYNN) – consensus EPS $0.96
Options Bistro 