CBOE Seminar

What Are Dan Sheridan’s Two Favorite Strategies for IRAs?
Presenter:Dan Sheridan
Wednesday, May 10, 2017 at 3:30 pm CDT

Here is link
http://go.cboe.com/e/77532/arncenter-webcast-default-aspx/61ndrj/270388095

Earnings SPX Campaign Short Puts and Closed Early

#Earnings
$NVDA STO 5/12 95/115 strangle 2 1.95 Thank you @jeffcp66
$JAZZ STO 5/19 155/157.50/162.50/160 BUPS @ 2.40 Bought wrong date. See what happens. Thank you @jeffcp66

#spxcampaign
$SPX STO 6/9 2285/2310 BUPS @ 1.40 Following the leader

#shortputs
$SVXY STO 6/9 140 put @ 3.90 Thank you @jsd501
$MPLX STO 9/15 33 put @ 1.40 Thank you @tabortrader

#Closed Early
$SPX BTC 5/15 2440/2415 @1.40 38% profit Position too big. This is sale of half original
$NFLX STC 6/16 150 calls @8.56 BTO @ 6.40
$GS BTC 5/19 195/2015 BUPS @.05 for 91% profit

$NUGT #ShortPuts #PreSplit – Rolled…

$NUGT #ShortPuts #PreSplit – Rolled some strike 8 Puts for this week out a bit
Bought to close NUGT May 12 2017 8.0 Puts/ Sold NUGT May 19 2017 8.0 Puts @ 0.12 Credit
and
Bought to close NUGT May 12 2017 8.0 Puts/ Sold NUGT Jun 2 2017 7.5 Puts @ 0.05 Credit

PCLN addition

#Earnings Added a call butterfly at 1925/1950/1975 for 3.00. So I now have a bullish double hump, with max profits at 1950 or 2000. Now watch it go down….

$UVXY #CoveredCall – Sold UVXY…

$UVXY #CoveredCalls – Sold UVXY May 12 2017 14.0 Calls @ 0.12.
At this point I just want out.

SVXY

STO June 9, 130 put @ 2.60

#earnings for you Tatsy Trade…

#earnings for you Tatsy Trade viewers, there are a boatload of earnings trades today, most which don’t seem to fit the prevailing style here. many are ironflys, too close for my comfort.

$UAA #CoveredCalls – Sold UAA…

$UAA #CoveredCalls – Sold UAA JAN 19 2018 27.5 Calls @ 0.64

#earnings #shortstrangle YELP May 19…

#earnings #shortstrangles YELP
May 19 28/40 for 1.15

SVXY

STO June 23, 125 put @3.20

SVXY

STO June 23, 120 put @ 2.65

$MNK #FallingKnife Well, this falling…

$MNK #FallingKnife
Well, this falling knife may have found some recent support but still…
Sold $MNK Jan 19 2018 30 puts @ 1.40. It’s never traded anywhere close to this level in the 4 years since its IPO.

SVXY

STO June 23, 135 put @4.85

$SVXY #ShortPuts #ShortCalls – lightening…

$SVXY #ShortPuts #ShortCalls – lightening up on old SVXY positions. Covering ITM calls at a loss. Only partially offset by covering short puts at a gain.

2 SVXY May 26 2017 85.0 Puts @ 0.05 – Sold at 1.53
1 SVXY Jun 2 2017 70.0 Put @ 0.05 – Sold at 1.21
5 SVXY JUN 16 2017 43.0 Puts @ 0.03 – Sold at 1.11
5 SVXY JUN 16 2017 50.0 Puts @ 0.11 – Sold at 0.60
2 SVXY JUN 16 2017 57.0 Puts @ 0.09 – Sold at 1.57
2 SVXY SEP 15 2017 35.0 Puts @ 0.18 – Sold at 0.72
10 SVXY SEP 15 2017 40.0 Puts @ 0.18 – Sold at 0.80
2 SVXY SEP 15 2017 45.0 Puts @ 0.31 – Sold at 1.45
2 SVXY JAN 19 2018 70.0 Puts @ 2.92 – Sold at 7.18

1 SVXY JUN 16 2017 120.0 Call @ 36.65 – Sold at 9.29
2 SVXY JAN 19 2018 140.0 Calls @ 37.00 – Sold at 6.40
2 SVXY JAN 19 2018 150.0 Calls @ 31.55 – Sold at 4.80
2 SVXY JAN 19 2018 155.0 Calls @ 29.25 – Sold at 4.70

SVXY

STO June 23, 130 put @4.00

SVXY

STO June 9, 140 put @ 3.90

SVXY strangle

Sold in June with a bit of a bearish bias:
$SVXY Jun 16 125/175 strangle @ 4.40 with the stock at 155.15

NVDA earnings

#Earnings Legging into the NVDA May 12th 95/115 strangle. Just sold the 115 calls for .75. Bid is in to sell the 95 puts for 1.30. Trade leans bullish as past earnings reports have a solid bullish bias. Biggest UP move: 29.8%, Biggest DOWN move: -7.4%, Average move: 9.6%. These strikes are +10.6% and -8.7% OTM.

#T btc ,jan 19, 37…

#T
btc ,jan 19, 37 call @ 3.05 had sold for 3.45

#DIA btc ,may 12 211…

#DIA
btc ,may 12 211 call @ .05/part of spread with 214 call /had sold for .31
214 call- left to expire.

PCLN earnings trade

#Earnings Bought to Open $PCLN May 12th 1975/2000/2025 call butterfly for 2.20. Max risk, 2.20, max gain, about 2200.

Small trade shooting for the high open interest at 2000.

IFF

STO November 120 puts @3.90

AMZN adjustment

#LongCallDiagonals – Still fighting the short call but that’s a good thing. Rolling it up and out and reducing basis on long call LEAP (again).

Rolled Oct 20th 850.0 short call to Dec 15th 865.0 call @ .21 credit

And:

Rolled Jan 2019 750.0 long call up to Jan 2019 850.0 call @ 67.00 credit (new basis now 30.50)

This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.

SEE, falling knife

STO January 37 puts @1.10

GOOGL adjustment

#LongCallDiagonals – Still fighting the short call but that’s a good thing. Rolling it up and out and reducing basis on long call LEAP (again).

Rolled Sep 15th 880.0 short call to Dec 15th 900.0 call @ .50 credit

And:

Rolled Jan 2019 750.0 long call up to Jan 2019 850.0 call @ 73.55 credit (new basis now 31.00)

This thing has to level off at some point where the rolls can catch up. In the meantime 2019 long call/Bups working nicely.

TLT

#PerpetualRollingStrangles – A couple small adjustments to keep the theta up…

Bought to Close TLT MAY 19 2017 124.0 Calls @ .09 (sold for .96)
Sold TLT MAY 26 2017 121.5 Calls @ .60

SPX, puts closed, puts sold

#SPXcampaign Bought to close $SPX May 15th 2340/2315 put spreads for .30. Sold in a condor last week for 3.90.
Sold to Open SPX June 9th 2310/2285 put spreads for 1.35, with SPX at 2401.

NVDA earnings

#Earnings #ShortStrangles – Busy week so checking in for a couple minutes. Already have a long term position in NVDA but premiums look so good will probably be selling some more strangles today. Current position is long a few deltas so looking at a skewed strangle in the neighborhood of 95/110.

Good luck everyone!

$UVXY #CoveredCall – Sold 1…

$UVXY #CoveredCalls – Sold 1 UVXY May 12 2017 13.0 Call @ 0.23.
At this point I just want out.

$SVXY #ShortCalls #Rollup – Giving…

$SVXY #ShortCalls #Rollup – Giving this trade a bit more time to work.
Bought to close 1 SVXY May 19 2017 115 Call/Sold 1 SVXY Sep 15 2017 123 Call @ 0.05 Credit

$SLV #ShortPuts #IRA #FallingKnife –…

$SLV #ShortPuts #IRA #FallingKnife – Sold SLV Oct 20 2017 13.5 Puts @ 0.23 with the stock at 15.25.

#FallingKnife candidates – $TSN $CHRW

#FallingKnife candidates – $TSN $CHRW

SPX one closed, one rolled

#SPXcampaign
Bought to close $SPX May 10th 2375/2350 put spreads for .20. Sold for 4.15 on Apr 26th. This was sold on the day the Upside Warning fired.

STOPPED: Bought to close $SPX May 15th 2415/2440 call spreads for 2.25. Sold in an iron condor for 3.90 last Wednesday.
#ReverseRoll Sold SPX May 17th 2380/2355 put spreads for 2.35. Moved this 2 days further out, but still only 8 days from now… bullish action should continue but may not last too long, so I’m keeping aggressive put spreads close in expiration, for maximum theta burn.

$UVXY saw on TT an…

$UVXY saw on TT an interesting suggestion BuCS 10/20 with Jun16 expiration. Relatively low cost bto around 2.05. Small position but have already entered a STC for about 1$ higher

JAZZ earnings

#Earnings Sold to Open $JAZZ May 12th 155/157.5/160/162.5 iron condors for 1.80. Max risk .70.

Biggest UP move: 6.0%, Biggest DOWN move: -6.7%, Average move: 2.8%.
With stock at 158.50, short strikes are about 0.8% OTM. Breakevens are 1.9% OTM.

$SVXY #Short Puts Morning all….

$SVXY #Short Puts Morning all. Bought to close May 19th 80 Puts @ 0.05 off a GTC order. Missed getting this posted yesterday: Sold May 12th 140 put @ 0.51 with the $SVXY 153.97. Will roll if need be to avoid assignment.

SKEW at 128.2 this coincides…

SKEW at 128.2 this coincides with Jeff VIX level

Economic Data

6:00am EST NFIB Small Business Index – street sees 104.0
10:00am EST JOLTS Job Openings – street sees 5.67M
10:00am EST Final Wholesale Inventories m/m – street sees -0.1%
10:00am EST IBD/TIPP Economic Optimism – street sees 52.3
4:15pm EST FOMC Member Kaplan Speaks

Earnings before Open
ALLERGAN PLC (AGN) – consensus EPS $3.32
CHIMERIX INC (CMRX) – consensus EPS $-0.37
DISCOVERY COM (DISCA) – consensus EPS $0.49
DUKE ENERGY CP (DUK) – consensus EPS $1.05
ENDO INTL PLC (ENDP) – consensus EPS $1.12
OFFICE DEPOT (ODP) – consensus EPS $0.12
SILVER WHEATON (SLW) – consensus EPS $0.15
THESTREET.COM (TST) – consensus EPS $-0.03
VALEANT PHARMA (VRX) – consensus EPS $0.96
WAYFAIR INC (W) – consensus EPS $-0.81

Earnings After Markets Close
ACACIA COMMUNIC (ACIA) – consensus EPS $0.52
ACADIA PHARMA (ACAD) – consensus EPS $-0.73
BLACK STONE MNL (BSM) – consensus EPS $0.17
CALIX INC (CALX) – consensus EPS $-0.59
DEPOMED INC (DEPO) – consensus EPS $-0.25
DISNEY WALT (DIS) – consensus EPS $1.45
ELECTR ARTS INC (EA) – consensus EPS $0.61
FOSSIL GRP INC (FOSL) – consensus EPS $-0.21
JAZZ PHARMACEUT (JAZZ) – consensus EPS $1.34
NVIDIA CORP (NVDA) – consensus EPS $0.66
PRICELINE.COM (PCLN) – consensus EPS $8.80
SAGE THERAPEUTC (SAGE) – consensus EPS $-1.56
TESARO INC (TSRO) – consensus EPS $-2.26
TRIPADVISOR INC (TRIP) – consensus EPS $0.17
VIVINT SOLAR (VSLR) – consensus EPS $-0.48
YELP INC (YELP) – consensus EPS $-0.08