Expiration

#SPX Campaign
$SPX 6/12 2400/2425 BUPS Thank you @jeffcp66

Trade
#shortputs #shortcalls
$WYNN STO 7/21 125 put @3.50
$AMZN STO 890/900 BUPS @ 1.60
$BABA STO 125/130 BUPS @.95
$TSLA STO 310/320/400/390 IC @4.45

$SVXY #ShortPuts – Sold these…

$SVXY #ShortPuts #OptionLadder – I sold these with SVXY at 150.
The stock would need to drop by more than half to make me wrong.
Sold SVXY JUL 14 2017 75.0 Puts @ 0.65
Sold SVXY JUL 21 2017 75.0 Puts @ 0.90
Sold SVXY Aug 18 2017 75.0 Puts @ 1.40

SPX calls closed

#SPXcampaign Bought to close $SPX June 26th 2490/2520 call spreads for .20. Sold as part of #CondorRoll for 3.60 on June 2nd.

UVXY

STO January 2018, 60 calls @1.35

I love options! You can…

I love options! You can be wrong direction and still make money if you do it right.

Some trades based on that thought.

BTC TSo puts for 2-3 weeks expiration at 0.6 and 0.9 that were sold at 1.04 and 1.2. They were way OTM but did it to free up margin for the trades below.

Followed a lot you on SVXY: STO 6/23 115 puts at 1.49
STO SVXY 6/16 125 puts at 1.04 and 0.90 (slippage in the time it took me to change platforms)

Will be rolling some WDC puts that are now ITM on Thurs or Fri. No point is losing the time value, will let them decay until right before expiration so I only have to cover intrinsic and will be doing the same with SWKS over the next 2-3 weeks. Or if the call premiums look good then may take assignment and start rolling CC.

Thanks for the ideas! Down days are profitable days when you sell options…………

$WDC

STO Jun 16 92 C @ 0.20 with stock at 85.45
This is covering stock and would put it back up near the recent highs. Don’t think it will get back there by Friday. This lowers my cost basis a bit more to 74.20.
0.20 is not much, but anything helps in an uncertain market now for tech.

VXX Game

#VXXGame Sold these near the open:
STO SVXY June 16th 120 put for 1.00
STO SVXY June 16th 115 put for .85
STO SVXY June 16th 105 put for .40