#SPXcampaign STO May 5 2435/2460 call spread @ 1.30 completes iron condor at same price opened April 3. Just Ubered home from PDX airport after annual PSP winter break ready to trade!!! Great vacay except for Ducks one point flop, well they did get that far…
Monthly Archives: April 2017
#earnings BBBY-anybody considering a trade?…
#earnings BBBY-anybody considering a trade? Over at TT there are a couple bearish trades, but they don’t have any special insight.
$UVXY #ShortCalls – Fidelity apparently…
$UVXY #ShortCalls – Fidelity apparently just bumped the margin requirements again for UVXY positions. This forced me to cover part of my weekly #OptionChain.
Bought to close UVXY Apr 13 2017 35.0 Calls @ $0.01. At least they won’t trade any lower.
SPX trades
#SPXcampaign Was going to let this first one expire, but since I have to leave my desk now I closed to avoid risk:
Bought to close $SPX Apr 5th 2350 puts for .10. Sold in the 2350/2325 put spread for 4.50 on March 30th.
Closed this one for an #ATMroll as price dropped… then it dropped more so I could not get a fill on planned call spread roll:
Bought to close SPX Apr 12th 2365/2390 call spreads for 11.00. Sold for 11.25 on March 30th
But I did sell this as a partial roll for the stopped spread:
Sold to Open SPX Apr 20th 2325/2300 put spreads for 3.00
Lowest TICK readings since March 8th
And before that you’d have to go back to September to find lower. (on TOS, NYSE TICK)
GLD adjustment
Still meandering around in between the strikes so I’m still selling and collecting…another “dividend” payment.
🙂 🙂
Rolled GLD 120.5/113 inverted out from Apr 7th to May 5th @ 1.05 credit.
AMZN #CoveredCalls Sold $AMZN May…
AMZN #CoveredCalls
Sold $AMZN May 19 1,000.00 call @ 10.00.
EWW adjustment
#ShortStrangles – Rolled Apr 49 calls to May 12 weekly 50’s @ .48 debit
And to pay for it:
Rolled Apr 51 puts up to Apr 52.5 @ .58 credit
NVDA
#IRA #ShortPuts – Playing it safe….
Bought to Close NVDA APR 21 2017 105.0 Put @ 5.10 (sold for 5.10)
Still holding 100’s and 95’s…
SPX calls sold, put closed
#SPXcampaign Sold to Open $SPX May 5th 2435/2460 call spreads for 1.40, with SPX at 2371.
Bought to close SPX April 20th 2225/2200 put spreads for .20. Sold for 1.30 on March 22nd.
NFLX
BTC June 90 puts @.10 cents. Sold @2.35
MGM
#IRA #BullPutSpreads – Nearing recent highs so unloading this one…
Bought to Close Apr 21 2017 28/25 Bull Put Spreads @ .60 (sold for 1.60)
At The Close
$SPX BTC 4/7 2280/2305 BUPS @.20 STO on 3/27 for 5.70. 96% profit. Thank you @jeffcp66
VIX Indicator and SPX Chart have been updated
SPX Chart, now with fewer arrows!
SPX trades
#SPXcampaign No trades all day, but then these all filled at or after the closing bell.
Sold to Open $SPX April 26th 2410/2435 call spreads for 1.95
Bought to close SPX Apr 7th 2305/2280 put spreads for .20. Sold for 3.10 on Mar 24th.
Bought to close SPX Apr 13th 2260/2235 put spreads for .20. Sold for 1.45 on Mar 14th.
#FallingKnife $SDRL, looks like it…
$SDRL, looks like it is only $0.70 from ultimate support
#buywrite #goldminers DUST enter buy…
#buywrite #goldminers
DUST enter buy write for $27.70, $28 call expiring Apr 07, ROI 8.3% if exercised
Closing XOP
Bought to close $XOP May 19 34 puts @ .34 (sold for .90 on 3/28). I thought I would have to hold these longer, but over 60% of the profit in 1 week is a gift. Taking it and running like a thief in the night.
$TDG #ShortPuts #FallingKnife – Bought…
$TDG #ShortPuts #FallingKnife – Bought to close TDG APR 21 2017 145.0 Put @ 0.05. It won’t trade any lower.
TransDigm Group dropped from 277 to 200 in the 1st qtr before bouncing.
Sold 1 TDG Apr 21 2017 145.0 Put @ 1.05 on 3/22 and
Sold 1 TDG May 19 2017 125.0 Put @ 1.55 on 3/24 that I will eventually cover at a nickel as well..
SPX Campaign Long Calls Short Puts
#spxcampaign
$SPX STO 4/17 2415/2390 BECS @ 1.65
$SPX STO 5/5 2220/2245 BUPS @ 1.60
#longcalls
$TSLA BTO 4/7 300 call @3.50 (DrScience @OMM)
$BA BTO 4/28 185/187.50 BUCS @ .51 Thanks @prvtrader
#shortputs
$UVXY STO 4/28 23 calls @ .83 Thanks @honkhonk81
$NVDA STO 5/19 90 put @1.68 Thanks @ramie77
AMZN adjustment
#LongCallDiagonals – Making some bigger adjustments in these trades…letting the leash out a little with it on a big run…
Rolled May 19th 810.0 call to Oct 20th 850.0 call @ 3.06 debit. Rolling up along the 50ma…
Don’t mind spending 3 bucks to pick up 40 points considering the front month calls have brought in 42 points since the beginning of the trade…
This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working very nicely.
SPX call roll sold
#SPXcampaign Yesterday near the close, sold to open $SPX April 17th 2370/2395 call spreads for 7.15. This is an #ATMroll from the Apr 10th spread I stopped yesterday.
NVDA May puts
Adding to my position. Sold $NVDA May 19 90 puts @ 1.75.
#ironcondor RUT From my TradeWise…
#ironcondor RUT
From my TradeWise e-mail a May 19 RUT IC 1310/1315/1420/1425 for 2.05
NVDA
#AnalystsAreIdiots – I got a little directional on my NVDA position figuring she bounces at the 50ma. Sold my calls a little looser against the ITM puts. Got what I deserved…LOL That’s why I’m no longer a directional player. Too many unknowns with some off the wall analyst talking the thing down probably looking to buy.
Rolled Apr monthly 116, 117, and 118 calls down to 108 @ .55 credit. Will roll the puts to the week before earnings then adjust from there.
$SVXY #ShortPuts – Bought to…
$SVXY #ShortPuts – Bought to close 1 SVXY Apr 7 2017 86.5 Put @ 0.01. It won’t trade any lower.
Originally sold on 02/24/2017 @ 2.05.
Also covered a couple of SVXY Apr 7 2017 79.0 Puts yesterday at 0.01.
If my remaining short puts for this week are not covered at a penny today, I’m cancelling my orders and riding them to expiration.
#BuPS BTO Apr 28 BA…
#BuCS
BTO Apr 28 BA 185/187.5 Calls for $0.54 debit.
This is a bullish position playing towards earnings. Earnings Apr 26.
BA is on a squeeze on the daily chart. Going towards earnings it should move up. My max risk is $54 pp. and this is a 2:1 trade.
Sorry guys; I’m so used to sell credit spreads that I had a lapsus linguae on this one.
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!
🙂 🙂 🙂
$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.
VIX Indicator and SPX Chart updated
#Market A long overdue update of my SPX positions (at right). Also, good article from Robert J. Shiller about the market: https://www.nytimes.com/2017/03/31/upshot/trump-bull-market-stocks.html?ref=business&_r=0
Options Bistro 