Hey guys, quick poll. I have a TSO position that was assigned at 87.5. After 11-12 weeks of rolling (lost count) have the cost basis down to 77 and change. Currently short the 83 calls and stock at 83.09 so should be assigned at end of week.
I can A. roll the calls for more cash, right now generating about 1 dollar a week per contract
B. Get assigned and the cash will free up a ton of margin for other trades
I am profitable either way but right now I am not seeing a lot of premium in other names, especially on the weeklies. I am leaning towards B but have not really been able to find a weekly with the same premium.
Thoughts or anyone else seeing good premium in weeklies that I have overlooked?
$SPX 5/26 2465/2440 BECS 99% profit
#VIXIndicator As if we needed more confirmation that this market is bullish.
I’m short some NUGT 36.0 Calls(Covered) and some DUST 29.0 Puts for Friday.
I will have to ride both positions into Friday’s close to see which positions expire and which I need to cover or roll. Should be interesting.
$TSCO #ShortPuts #FallingKnife – Sold 1 TSCO Jan 19 2018 45.0 Put @ 1.40 with the stock at 52.95
$SVXY – it’s looking like the SVXY Puts at 148 that I rolled down last Friday to 145 for this week will expire. Of course I could have taken the stock and done OK too.
$VIX now at 9.93.
#PairsTrade #ShortCalls – The July meal is starting to digest so back to the buffet for December…they both can’t lose!
Selling the highest available strikes:
Sold DUST DEC 15 2017 50.0 Call @ 3.90
Sold NUGT DEC 15 2017 58.0 Call @ 4.30
$DUST #ShortCalls – DUST reversed lower this afternoon after a morning rally.
Bought to close DUST Jun 16 2017 51.0 Calls @ 0.05. Sold on 04/25/17 at 1.15
Bought to close DUST Jun 16 2017 49.0 Calls @ 0.05. Sold on 04/26/17 at 1.25
Closed out 3 1/2 weeks early. I still have Jun 2 49.0 Calls and Jun 16 65.0 Calls that I’m letting expire.
Fed Minutes just released
#VIXindicator After the shortest Downside Warning ever, today we should have an Upside Warning fire. These warnings are less powerful when we are already so close to recent highs, and in this case all-time highs. Although SPX is wavering, VIX is dropping and SVXY soaring. Dow and Nasdaq a bit stronger than SPX. RUT is down.
#LongCallDiagonals – Really trying to keep the front month calls out of the way on this thing. It’s at resistance so may pull back but playing it safe. I’ll look for something higher to sell.
Bought to Close EWZ MAY 26 2017 35.5 Calls @ .37 (sold for .61)
#PerpetualRollingStrangles – I’ve got a couple of directional positions on already. This one is a little more neutral. Low margin and nice return. One of the highest IV rank stocks on the Tastyworks list.
Sold EWZ JUN 30 2017 32.0/38.0 Strangles @ 1.12
small account only 3 contracts.
#PerpetualRollingStrangles – Slow and steady…
Bought to Close EWW MAY 26 2017 51.5 Puts @ .04 (sold for .75)
Sold EWW JUN 16 2017 52.0 Puts @ .74
These types of positions are working so well in GLD and TLT I’ll probably be adding EWZ and XLE at some point…
$DUST #ShortPuts #IRA – Bought to close DUST Jun 16 2017 18.0 Puts @ 0.05. They won’t trade any lower and it releases cash 3 1/2 weeks early in the IRA.
Originally sold at 1.15 and again at 1.45 on 3/15/17.
$RL #ShortPuts #FallingKnife – Sold 1 RL Oct 20 1017 55.0 Put @ 1.20 with the stock at 66.79
$TRIP #ShortPuts #FallingKnife – Sold 1 TRIP Dec 15 2017 32.0 Put @ 1.35 with the stock at 40.26
$TSCO #ShortPuts #FallingKnife – Sold 1 TSCO Oct 50.0 Put @ 1.75. You could do better now.
$ALXN #ShortPuts #FallingKnife – sold these this morning with the stock at 101.0
Sold 1 ALXN Nov 17 2017 80.0 Put @ 3.40
Sold 1 ALXN Nov 17 2017 70.0 Put @ 1.60
#ShortPuts #BuyWrite $TRTN Buy-Write July 21 30 call shares @ 29.65 , BE 27.97, profit 203, ex-div .45 on May 30, record date June 1, pay June 22. Also have working TRTN STO Oct 20 25 put 30% profit opened May 19.
STO October 150 put @ 2.35
This covers my stock again. Have been selling-buying these with the steady upward momentum of WDC since first getting into this stock in Febuary. Cost basis of my stock now down to 74.32.
Love this stock, but also love lowering the cost basis this way.
#Earnings #Rolling Sold to Open $NVDA June 30th 150 call for 3.00
#SPXcampaign One reverse-roll, one forward-roll, and one standard spread:
Stopped: bought to close SPX May 30th 2405/2430 call spreads for 4.10. Sold for 2.10 on May 17th.
#ReverseRoll: Sold SPX June 5th 2375/2350 put spreads for 2.85, 1.5x position size
Stopped: bought to close SPX June 15th 2430/2455 call spreads for 3.80.
#Rolling: sold SPX June 23rd 2445/2470 call spreads for 2.70, 1.5x position size
Sold to Open SPX June 23rd 2290/2265 put spreads for 1.35
Sold $ALXN Jan 19 60 puts @ 1.20. Lowest strike.
$MOMO STO 6/16 40 put @2.00
#Earnings Sold $AZO Sept 480 put for 3.70. Lowest strike.