SPX Chart and VIX Indicator…

SPX Chart and VIX Indicator have been updated

YM Today

#futures

Not a bad day, considering YM posted a red 19 point day…

ym-weds

SNAP snapped

This stuff writes itself. Bought some shares after hours, 100x at 17.64 and 100x at 17.25. Because… why not?

#spx campaign btc after hours…

#spx campaign
btc after hours
may 12, 2420/2440 call spread @ .15 had sold for 3.10
thanks jeff

Market

If this is all the correction we are going to get from the latest political event, I guess it is not going to amount to much. As much as I would like a correction, I just don’t see it yet.

VIAB

STO December 27.5 puts @.80

Selling Premium

#shortputs
$AKAM STO November 42.5 puts @1.66 Following @optioniceman and @jsd501
$NVDA STO 5/19 110/115 BUPS @ .63 Thank you @bcoleman6

AKAM

STO November 42.5 puts @1.66

STO January 40 puts @1.40

Hat tip to Iceman for the idea.

This week in covered calls

#CoveredCalls #Earnings
BTC $FB May 12th 147 call for 4.00 (yesterday). Sold for 5.25 on 4/28 as a roll.
BTC $PANW May 19th 116 call for 1.60. Sold for 1.15 on 4/25

Both of these will be replaced with higher strikes the next time each stock rallies.

STO May 19 NVDA 115/110…

STO May 19 NVDA 115/110 .76 cr

BMY

BTC September 40 puts @.10, Sold @ 1.50, closing 4 months early and no commission.

SVXY

STO June 16, 90 put @ .70

#shortcallspreads NVDA inspired by the…

#shortcallspreads
NVDA inspired by the excellent discussion below-sold May 18 125/130 spreads for .86

SVXY

STO June 16, 94 put @ .85

STO June 16, 95 put @ .90

$TSN #FallingKnife Sold $TSN Jan…

$TSN #FallingKnife
Sold $TSN Jan 19 2018 47 puts @ 1.15

MIZZOU moving

Heading out to start the move…another semester done. Have a great day everyone!!

SPX calls sold

#SPXcampaign Sold to Open $SPX June 9th 2450/2475 call spreads for 1.50, with SPX at 2398.

NVDA ideas???

Any thoughts on this rocketship? Previous high on Feb 10 of 120.70. This baby looks to be trying to go in orbit today, but can’t see it continuing up this week after already up almost 16% today.
Currently in a BeCS 114/117 for May 12. I’m inclined to wait until at least tomorrow to see if this re-enters the atmosphere. Have been looking for ways to roll, but haven’t decided. Ditch it now, roll it, or wait until tomorrow or Friday? Any ideas @jeffcp66 or @fuzzballl as I know you’ve been in this one (not the same way as I am)?

#ira

#xle btc may 26, /65.5…

#xle
btc may 26, /65.5 and 67 put @ .25 and .53 /sold for .85 and 1.07
btc may 19, 65 put @ .06 sold for .18
all on up swing of xle to release capitol and reload on down swing.

#perpetualrollingstrangles

$SVXY #ShortPuts – Bought to…

$SVXY #ShortPuts – Bought to close 5 SVXY May 19 2017 55 Puts @ 0.01. They won’t trade any lower. Originally sold 03/24/17 @ 0.55

$MU #Short Puts Sold June…

$MU #Short Puts Sold June 16th 28 Puts @ 0.74 when $MU was at 29.00. Assignment would put my basis around the 50dma. This replaced the earlier closed position.

#FallingKnife candidates today – $AKAM…

#FallingKnife candidates today – $AKAM $VIAB $MNK $SEE $FOSL $CHRW

$MU #Short Puts Bought to…

$MU #Short Puts Bought to close May 19th 26 Put @ 0.4. Originally sold for 0.74.

$TRIP #ShortCalls #Earning – Bought…

$TRIP #ShortCalls #Earning – Bought to close TRIP May 19 2017 52.5 Calls @ 0.05. They won’t trade any lower.

VRX

#LongCallDiagonals – This is a low risk and possible high reward shot. Using the Whiz long call diagonal with protective put strategy. Low out of pocket cost and should recover all of it pretty early in the trade. Buying LEAP calls and selling narrow LEAP bull put spreads to reduce initial cost. Then, selling front month calls against the position similat to AMZN, GOOGL, and JPM trades I’m currently in.

Bought Jan 2019 10 calls and sold Jan 2019 7.5/5.0 bull put spreads @ 4.75 debit.

Still deciding when and where to sell the first batch of front month calls…

#earnings Yelp yelp- sold a…

#earnings
Yelp yelp- sold a May 19, 28-40 stranglereally crashed last night, I was imagining selling covered calls for years, recovered by morning, out with a small loss. The extra week helped, YELP is hovering just under 28.

JPM

#LongCallDiagonals – In this trade similar to my AMZN and GOOGL trades. Long LEAP calls and selling front month against them. JPM perking up a little so getting out of the way for now. Don’t wanna get caught with front month ITM if she moves higher. Pretty happy already receiving over 5 points in front month premium in a few weeks during it’s little pullback.

Bought to Close JPM MAY 12 2017 87.5 Calls @ .25 (sold for .45)

TLT

#PerpetualRollingStrangles – Somehow got a partial fill on this right at the open…LOL

Bought to Close TLT MAY 12 2017 121.5 Calls @ .05 (sold for .75)

Looking to re-deploy out a couple weeks….

NVDA

#Earnings #ShortStrangles – Had an existing inverted strangle along with an earnings strangle. Adjusting all of them…

Bought to Close NVDA MAY 12 2017 98.0 Puts @ .02 (sold for 1.96)
Bought to Close NVDA MAY 12 2017 113.0 Puts @ .97 (sold for 4.40)

And on the little opening dip:

Sold NVDA MAY 12 2017 118.0 Puts @ 4.34
Sold NVDA MAY 12 2017 118.0 Puts @ 3.16 (too slow on this one)

With these secondary “double dip” put sales I’m testing the John Carter theory that says a gap up beyond the expected move usually continues it’s run so sold the puts in the money for Friday.

Still holding short 108 and 112 calls that will be rolled out or out into new strangles later this week.

Economic Data

8:30am EST Import Prices m/m – street sees 0.2%
10:30am EST Crude Oil Inventories – street sees -2.0M
1:01pm EST 10-y Bond Auction
2:00pm EST Federal Budget Balance – street sees 175.0B

Earnings before Open
CTRIP.COM INTL (CTRP) – consensus EPS -0.05
DCP MIDSTREAM (DCP) – consensus EPS 0.27
DRYSHIPS INC (DRYS) – consensus EPS N/A
INTREXON CORP (XON) – consensus EPS -0.23
MANNKIND CORP (MNKD) – consensus EPS 0.12
SANDRIDGE ENRGY (SD) – consensus EPS 0.28
SNAP INC (SNAP) – consensus EPS -2.33
SYMANTEC CORP (SYMC) – consensus EPS 0.20
TWENTY-FIRST CF (FOX) – consensus EPS 0.48
WHOLE FOODS MKT (WFM) – consensus EPS 0.37

Earnings After Markets Close
ARRAY BIOPHARMA (ARRY) – consensus EPS -0.16
MYLAN NV (MYL) – consensus EPS 0.92
WOLVERINE WORLD (WWW) – consensus EPS 0.31