$UVXY #ShortCalls #ClassicVXXGame – Bought to close 16 UVXY 5/100 60.0 Calls @ 0.01 on a partial fill of a big position.
This is a very old position from 2 splits ago.
My average cost was about 3.77 per option, so a real nice gain.
Daily Archives: Tuesday, July 18, 2017
$NFLX – up 14% today….
$NFLX – up 14% today. Ignore these and enjoy the ride ..
$HOG ShortPuts #FallingKnife – Sold…
$HOG ShortPuts #FallingKnife – Sold 1 HOG Jan 19 2018 40 Put @ 1.26
Reducing SVXY exposure
I’m only doing this to trim back position size which had gotten too big during the volatility a few weeks ago. Taking these off at a good profit % and making room to sell more on the next volatility spike.
Bought to close:
$SVXY Aug 4 42.50 puts @ .09 Sold for .53 on 7/6
$SVXY Aug 4 45.00 puts @ .05 Sold for .70 on 7/6
$SVXY Aug 4 47.50 puts @ .12 Sold for .73 on 7/5
$SVXY Aug 4 50.00 puts @ .12 Sold for .75 on 6/27
$SVXY Aug 11 42.50 puts @ .10 Sold for .60 on 7/6
$SVXY Aug 18 35.00 puts @ .08 Sold for .53 on 6/29
$SVXY Aug 18 37.50 puts @ .15 Sold for .62 on 5/31
$SVXY Aug 18 40.00 puts @ .17 Sold for .70 on 5/31
$SVXY Aug 18 42.50 puts @ .21 Sold for .90 on 5/31
$SVXY Aug 18 45.00 puts @ .27 Sold for 1.25 on 6/15
$SVXY Sep 15 27.50 puts @ .18 Sold for .80 on 3/23
#VXXGame
$CMG ShortPuts – Sold 1…
$CMG #ShortPuts #FallingKnife – Sold 1 CMG Jul 21 17 337.5 Put @ 1.10 with the stock at 364.75. This expires Friday.
Lowest available strike
TSO
BTC August 18, 65 put @ .01, sold @ 1.65
I think this was a trade from Iceman.
Hey Y’all – Look at…
Hey Y’all – Look at AAOI.
UAL earnings
#Earnings #CallButterfly $UAL is not a big mover on earnings. There is high Open Interest at the 80 put and call strike. Chart mildly bullish. So this butterfly profits best if we end the week at 80. Max loss is only the cost of the spread, .40. Max gain 1.60.
Bought to Open $UAL July 21st 78/80/82 call butterflys for .40. Biggest UP move: 4.5%, Biggest DOWN move: -4.3%, Average move: 1.6%. Breakevens at 78.40 and 81.60.
TRTN Closing Down Covered Call
#CoveredCalls
$TRTN I’m bullish on this 5.44% div yielder, shares up 12%, Oct 35 covered call strike almost breached yesterday, so I’m BTC CC @ 2.40, STO @ 2.20 on May 24, a roll out and up would have been a debit. Will play to cover this trade when appropriate, also have Oct 30 35 put STO @ 2.90 up 34%.
IBM earnings
#Earnings In such a bullish market I rarely sell ATM call spreads, but this one seems a pretty good candidate. Only one time in last 12 quarters has the stock gone up on earnings, and the chart looks bearish. Risk/reward ratio 1:1.
Sold $IBM July 21st 152.5/155 call spreads for 1.25. Max risk 1.25. Biggest UP move: 2.2%, Biggest DOWN move: -7.1%, Average move: 3.6%.
$NFLX #ShortCalls – Sold 1…
$NFLX #ShortCalls – Sold 1 NFLX Jul 21 2017 190.0 Call @ 1.06 with the stock at 183.49.
I’ll ride this one until expiration on Friday.
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP Jul 28 2017 40.0 Calls @ 0.20. Earnings are in early August
$IBM #ShortPuts #Earnings – Sold…
$IBM #ShortPuts #Earnings – Sold IBM Jul 21 2017 141.0 Puts @ 0.41 with the stock at 152.50
$UAA #ShortPuts #FallingKnife – Sold…
$UAA #ShortPuts #FallingKnife – Sold 1 UAA Jan 19 2018 17.5 Put @ 1.33
$CMG #ShortPuts – Sold CMG…
$CMG #ShortPuts – Sold CMG Jul 28 2017 300.0 Puts @ 0.60 with the stock at 367.26.
This stock is getting crushed. Earnings on the 25th.
Lowest available strike.
$NFLX #ShortCalls – Sold 1…
$NFLX #ShortCalls – Sold 1 NFLX Jul 21 2017 185.0 Call @ 1.02 with the stock at 180.63
I was going to ride my sale from yesterday to expiration anyway, so adding on a bit.
This trade is not for the timid.
edit:
I was a bit early on the last trade.
Sold 1 NFLX Jul 21 2017 185.0 Call @ 2.04 with the stock at 182.45
VXX Game
UVXY, STO September 15, 65 call @2.20 on 1 contract
SVXY STO August 25, 52.5 puts @.55
$UVXY
STO Aug 18 $32/$27 Call spreads @ $2.30
STO Sept 15 $30/$25 Call spreads @ $2.30
Would like to have gotten $2.50. Defined risk way of playing for the continued drop in $UVXY. Using this to supplement naked positions.
$GWW #ShortPuts #Earnings – Sold…
$GWW #ShortPuts #Earnings – Sold GWW Jul 21 2017 155.0 Puts @ 0.75 with the stock at 171.74.
This stock has gotten crushed since the last earnings report but the 3 year low was recently set at 167.44.
With it’s decent dividend I’d be inclined to take the stock at the strike price and start selling covered Calls.
SVXY
STO July 28, 80 puts @ 1.07 against my naked call positions in January
MDSO earnings closed
#Earnings Closed $MDSO July 21st puts for .05. Sold yesterday for 1.65.
So far today, looking at an ATM call spread on IBM (bearish) and a call butterfly at 80 for UAL.
$UVXY #ShortCalls – Sold 1…
$UVXY #ShortCalls #VXXGame – Sold 1 UVXY Sep 15 2017 65.0 Call @ 2.37 to start a new position.
This was the only one I could get done before UVXY gave up it’s early morning gain.
$NFLX #Earning – Bought to…
$NFLX #ShortPuts #Earning – vs. my sales from yesterday
Bought to close NFLX Jul 21 2017 137.0 Puts @ 0.01
Bought to close NFLX Jul 21 2017 138.0 Puts @ 0.01
Bought to close NFLX Jul 21 2017 139.0 Puts @ 0.01
$UVXY #VXXGame – New options…
$UVXY #VXXGame – New options start trading today. Highest strike across the board is 65.0 on the MONTHLY expirations = 16.25 strike on the old options.
A move to that strike would represent a stock move of about 100%, and imply a 25% drop in $SVXY.
Tread cautiously.
UVXY
Missed one yesterday in an #IRA –
Bought to Close UVXY1 JAN 19 2018 30.0/40.0 Bear call spreads @ .15 (sold for 1.75)
Economic Data
8:30am EST Import Prices m/m – street sees -0.2%
10:00am EST NAHB Housing Market Index – street sees 67
4:00pm EST TIC Long-Term Purchases – street sees 20.3B
Earnings before Open
BANK OF AMER CP (BAC) – consensus 0.44
ERICSSON LM ADR (ERIC) – consensus 0.05
GOLDMAN SACHS (GS) – consensus 3.71
HARLEY-DAVIDSON (HOG) – consensus 1.38
JOHNSON & JOHNS (JNJ) – consensus 1.79
LOCKHEED MARTIN (LMT) – consensus 3.10
NEOGEN CORP (NEOG) – consensus 0.32
NOVARTIS AG-ADR (NVS) – consensus 1.16
TD AMERITRADE (AMTD) – consensus 0.41
UNITEDHEALTH GP (UNH) – consensus 2.38
Earnings After Markets Close
ADTRAN INC (ADTN) – consensus 0.22
CSX CORP (CSX) – consensus 0.58
FULTON FINL (FULT) – consensus 0.26
INTERACTIVE BRK (IBKR) – consensus 0.33
INTL BUS MACH (IBM) – consensus 2.73
NAVIENT CORP (NAVI) – consensus 0.43
UNITED CONT HLD (UAL) – consensus 2.23
WINTRUST FINL (WTFC) – consensus 0.98
$NFLX – don’t fight the…
$NFLX – don’t fight the tape but …. some thoughts from a NFLX bear
https://seekingalpha.com/article/4088280-things-grew-faster-subscribers-netflix-last-quarter
Options Bistro 