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Expiration

#optionsexpiration
$SPX 2425/2445 BUCS Total Loss
$SPX 2395/2420 BUPS Small Loss

PANW patience

#Earnings #Rolling #CoveredCalls #StockTrades

Relieved to see a big spike UP in this one, reverse of last quarter’s spike down. This should pay off holding the underwater position for three months. (sorry, @fuzzballl)

SPX ITM roll

#SPXcampaign #ITMroll Rolling the call spread from the #IBroll I made on May 22nd.
Bought to close $SPX June 7th 2390/2415 call spreads for 17.90. This half sold for 12.15 on May 22.
Sold to Open $SPX June 14th 2395/2420 call spreads for 15.80.

To make up for the debit on the roll, I added another call spread, since I am too heavy in put spreads at the moment and it seems as if upside momentum is waning.
Sold to Open SPX June 16th (Friday PM) 2445/2470 call spreads for 2.35.

#optionsexpiration

$SPX #spxcampaign $SVXY #shortputs Afternoon….

$SPX #spxcampaign $SVXY #shortputs Afternoon. Popping in to see what the damage is near the close. Sold to open June 30th 115 Put @ 2.12 when SVXY was at 152.92. Turned my SPX BuPS trade from yesterday into an iron condor: Sold the June 30th 2480/2500 Call spread @ 0.60 when SPX was at 2411. Have a great rest of the day where ever you are.

PANW

#Earnings – Taking a seat at the blackjack table. Strictly gambling here…

113/118/123 iron fly @ 4.30. Only risking 70 but needing about half of expected move. Low probability but low risk.

Setting up IWM in July

Sold $IWM Jul 21 130/140 strangle @ 1.43. Bearish bias with IWM at 136.41.

SVXY

#ShortPuts #IRA – Sold SVXY SEP 15 2017 85.0 Put @ 2.30

$SVXY #ShortPuts – Sold SVXY…

$SVXY #ShortPuts – Sold SVXY JUN 16 2017 89.0 Puts @ 0.40

$SVXY #ShortPuts – Sold 1…

$SVXY #ShortPuts – Sold 1 SVXY AUG 18 2017 75.0 Put @ 1.20. My first position in this expiration cycle.

SVXY

STO June 23, 85 puts @.50

STO June 30, 85 puts @ .65

$SVXY #ShortPuts – With the…

$SVXY #ShortPuts – With the stock around 151 I’m selling the following:
Sold SVXY Jun 16 2017 90.0 Puts @ 0.41
Sold SVXY Jun 23 2017 85.0 Puts @ 0.50
Sold SVXY Jun 23 2017 80.0 Puts @ 0.39
Sold SVXY Jun 23 2017 75.0 Puts @ 0.30.
I will be adding aggressively if I get the chance

SVXY

Sold 1 August 18, 90 put @2.25

SVXY

STO August 85 puts @ 1.80

GS

LongCallDiagonals – Cleaning up the bull put spreads from a bigger position closed long ago. Can now officially put the 40 points in the win column. If she sells off back to the 180ish area I’ll look to get in again.

Bought to Close GS JAN 19 2018 130.0/100.0 Bull put spreads @ .50

JPM

#LongCallDiagonals – Killing time lowering basis. Getting more aggressive with front month after breaking support…

Bought to Close JPM JUN 2 2017 86.0 Calls @ .01 (sold for .60)
Sold JPM JUN 16 2017 83.5 Calls @ .75

SVXY Sale

#vxxgame
$SVXY STO 6/16/120 put @ 1.45 Thank you @jdietz1954

SPX calls sold

#SPXcampaign Spent the morning until now trying to coax a good fill for the 2465/2490 spread, but managed to miss every chance. Finally threw in the towel to get a position on.

Sold to Open $SPX June 30th 2460/2485 for 1.75, with SPX at 2407.

SVXY

STO August 21, 80 puts @1.40, staying small but have a lot of exposure running off this month.

PANW covered calls

#Earnings #CoveredCalls I am long stock from a busted earnings trade last quarter. I also have:
June 16th 110 put
June 16th 130 put (ITM)
June 23rd 110 put

I previously sold the June 16th 130 call for 1.80, and added these today:
June 2nd 130 call for 1.20
June 16th 135 call for 1.00
July 21st 135 call for 1.50

$DUST #ShortPuts – Bought to…

$DUST #ShortPuts – Bought to close DUST JUN 16 2017 19.0 Puts @ 0.05. They won’t trade any lower.
Originally sold on 02/23/2017 at 2.55

CIEN earnings

#Earnings #LongStraddle
Bought $CIEN June 2nd 23.5 calls for 1.05. Order in to buy June 2nd 23.5 puts for .90. Biggest UP move: 18.4%, Biggest DOWN move: -18.0%, Average move: 9.8%. This trade will need an 8-9% move to break even.

#earningsfollowed

rolled Aug 17 /CL 57…

rolled Aug 17 /CL 57 calls down to 55 to take some profits and bring in more cash on the down move in oil.

NVDA mgt & earnings today

#Earnings BTC $NVDA June 16th 125 puts for .24. Sold for 2.50 on May 17th.

Looking at some covered calls for PANW going into earnings tonight.
Also a long straddle in CIEN, since it averages a 10% move on earnings.

STO Jun 30 TSO 81 put at 1.02.

There is a reason I do not trade directionally. As I was getting ready for work, /CL hit bottom and I would have shorted at the lows if I had not been busy.

Non directional or only slightly directional trading is where I need to stay. Does anyone have a monkey or dog we can train to bite my arm when I start thinking about directional trades?!

BTC Sep 15 SVXY 100…

BTC Sep 15 SVXY 100 call at 3.75. Sold for 6.4 but this was off a roll so after commissions made about $20 round trip. Mostly doing this to free up some margin for trades tomorrow.

/CL strangles

There is a long term elliott wave support level at 48.6. If it looks like it is punching through there with some momemtum I will short 4 /CL futures to gain an extra pop on the way down. Next support levels are 47.41 and 46.8 as lesser levels then another strong level at 45.73.

The strangle is at 41.5 and 57 so there is plenty of room on ether side but sometimes taking a directional trade can improve ROI.

Won’t do that unless 48.4 does nit hold, support from the over night session.