#shortputs
$GS STO 6/16 215/220 BUPS @ 1.30 (OMM)
$AMD STO 6/16 10 put @ .57
#spxcampaign
Follow the Jefe Jeff
$SPX STO 5/15 2315/2340/2440/2415 Iron Condor @ 3.35 Thank you @jeffcp66 for the idea.
Close Early
#earnings
$CMI BTC 5/5 140/160 strangle @.30 STO @ 1.00 Thanks @jeffcp66
The fourth is with us and if things go poorly there is always a fifth.
#Earnings I know nothing about this company, but a put sale works every earnings period and I wish to hell I owned this stock for the last 8 years.
BTC May 12 $65 puts @ $0.02, sold for $0.40
#ShortCalls – Adding to top of the ladder…
Sold SVXY JAN 19 2018 260.0 Call @ 3.20
$APA #ShortPuts #FallingKnife – sold a few of these
Sold 1 APA Jul 21 2017 45.0 Put @ 1.58
Sold 1 APA Oct 20 2017 40.0 Put @ 1.41
#ShortStrangles – To eliminate any risk of overnight assignment…
Rolled this week’s 490 put out two weeks to 487.5 @ .55 credit. This is against a DITM short call so a welcome pullback.
#earnings REGN
Have an IC, 430/440 decided to close and take the hit before it gets out of hand
#Earnings – Making sure I get out of this….not risking a big drop tomorrow and saving exercise fees. Made about what my earnings trade target was by holding an extra week.
Sold to Close GILD Stock/Covered Calls @ 66.94 (basis 65.90)
EDIT… “Sold to Close”
Going to the well again. STO May 19, 420 put @ 6.20 but net 6.15
$PXD #ShortPuts #FallingKnife – Sold 1 PXD Dec 15 2017 105.0 Put @ 1.40 with the stock at 165.46
$OXY #ShortPuts #FallingKnife – Sold 1 OXY NOV 17 2017 50.0 Put @ 1.33 with the stock at 57.73
BTC May 19, 300 put @ .05, sold at 5.40. Hat tip to Fuzzball.
$MYL #CoveredCalls – Sold MYL Oct 20 2017 47.5 Calls @ 0.41 with the stock at 37.98
$SWN #ShortPuts #FallingKnife – Sold SWN Sep 15 2017 6.0 Puts @ 0.49 with the stock at 6.87
#futures
Opening gap trade this morning.
STO 20918 at 6:32am
Placed an OCO order with stop at 20938 and profit target at 20865 (3 pts above the PP)
Target filled at 6:50am. 53 points in 18 minutes. I’ll take it.
Bought ( BTC ) May 19th Short Put, 2400, at 2430, sold early Feb for 12015.00 …
Gain at 80%
#SPXcampaign Order was in this morning for 1.65… got a partial fill (rare on SPX) at the intraday high of 2390… now I can’t even get filled for 1.45 on the rest.
Sold to Open $SPX June 2nd 2445/2470 call spreads for 1.65
$SWN $RRC $EQT $DO $APA $OXY $GWW $BBBY #FallingKnife candidates today. Most are in the Oil/Energy space.
$UVXY #ShortCalls #VXXGame – Bought to close UVXY3 JUN 16 2017 31.0 Calls @ 0.01 in 4 separate accounts this morning. Still 43 days left until expiration and they won’t trade any lower.
These are the old pre-split contracts. At the time they were sold they were the highest available strike.
Sold on 10/27/16 @ 4.00
Sold on 10/28/16 @ 4.40, 4.50
Sold on 11/01/16 @ 5.25, 5.45, 5.50, 5.60
BTC May 12 $80 puts @ $0.02, sold for $0.80
Have orders in against all of my open positions for May 12 and May 19. We’ll see how many get filled over the next few day’s.
#ShortPuts Sold $TSLA Jun 16 250 puts @ 2.00. Delta 10.
#TakeOneForTheTeam – Took an additional stealth one for the team (didn’t post it due to the risk). Sold this week’s 151/156 BuPS early in the week. Got assigned last night on the 156 put so this morning sold the long put @ 2.20. Received 2.84 for the original sale so in the stock @ 151.
I’ll probably hang on to it for awhile to help protect Jan 2018 short calls @ 225, 230, 235, 240, 245, 250, and 255.
As of right now delta on the shares vs the short calls is -27. This becomes delta neutral @ 140.55 so I may end up selling a few more calls for some extra downside protection.
#ShortStrangles – Learned (again) another valuable lesson. Had short calls on this thing that could’ve been closed for pretty cheap one week ago today. Now…not so much after a straight up 70 dollar move in a week. These calls (382.5 and 390) will be rolled to new strangles or way out and up and then sell the crap out of weeklies against them.
The good news is I chased short puts all the way up the run collecting great premium along the way….
Currently the puts are:
422.5 @ 23.25 each average. These include rolls from 375 to 380 to 385 to 395 to 400 to 410 to 422.5…LOL!
Lots of maneuvering room here but would’ve been much easier to take the 80 percent of max winner last week…
I see some others are star wars geeks : )
Unwound EXPE puts at 0.15 and 0.30 and were sold for 1.25 for earnings last week.
Looking at weeklies, no real good premium. I am going to let a bunch of positions expire this week then start setting up ladders on higher vol stocks next week like TSO, WDC, GILD, EXPE, AAL, CELG etc. Just don’t see good risk/reward ratio in weeklies at the moment and definitely not on the indexes even going a few weeks out. Momentum seems to be running out, hopefully we get a shift and some downside and volatility. Dynamic trend indicator just fired a down side trade on the 4 hour chart on /es and it is pretty accurate for about the next week. About 80% accurate on a 4 hour chart for a 1 week trade.
Crazy windy and sunny here so going kiteboarding at assateague! May the fourth be with be with you!
#Earnings Not seeing much to trade today, but this one has always been a winner win I trade it bullishly.
Sold $MELI May 19th 210 puts for 1.55. Over last 12 reports, its 13-DAY moves: Biggest UP move: 22.5%, Biggest DOWN move: -10.6%, Average move: 9.1%. This trade is -10.6% OTM.
#IRA – Replacing a closed position from yesterday…
Sold SVXY DEC 15 2017 80.0 Put @ 3.50
#ShortStrangles – Sold TSLA JAN 19 2018 175.0/500.0 Strangle @ 6.10
#Earnings – Once it broke 300 I bailed at even.
Bought to Close TSLA MAY 19 2017 295.0/350.0 Strangle @ 5.95 (sold for 6.00)
$DUST #ShortCalls
Sold at the highest strike:
$DUST Jul 21 52 calls @ 2.85
$DUST Dec 15 50 call @ 7.60
Looks like I may have been a bit early.
#Earnings Bought to close $STMP May 5th 90 puts for .05. Sold yesterday for 1.30.
#Earnings Bought to close $TSLA May 5th 290/350 straddles for .30. Sold yesterday for 1.83. Nice profit and release of margin power for today’s earnings trades.
Last week I bought the ETF at 91.67 and sold the 92 calls for May 5, @ 1.67 and was assigned early last night. I am still holding 58% cash waiting for a correction which may never happen.
Options Bistro 