Upside Warning came through in spades again.
Daily Archives: Wednesday, July 19, 2017
$URI #ShortPuts #Earnings – Sold…
$URI #ShortPuts #Earnings – Sold URI Jul 21 2017 108.0 Puts at 0.36 with the stock at 118.75.
These expire in 2 days
$CMG #ShortPuts #FallingKnife – Bought…
$CMG #ShortPuts #FallingKnife – Bought to close CMG Jul 21 2017 337.5 Puts @ 0.05.
Sold these yesterday at @ 0.55 and @ 1.10
Earnings $URI
$URI STO 7/21 112 puts @1.15
SVXY
STO August 25, 65 puts @ .80
SPX trades
Closed on GTC order: $SPX July 24th 2415/2390 put spreads for .25. Sold as part of a #CondorRoll for 5.50 on July 12th.
STOPPED: Closed July 20th 2450/2475 call spreads for 19.60. Sold for 3.75 on July 7th. Added 2450/2425 put spreads for 6.80 on July 13th, creating an #IronButterfly and total premium to 10.55.
#IBroll – Sold to Open July 31st 2445/2470/2495 iron butterfly for 15.65. If I can get out of this IB for less than 6.50 I will have some profit in overall trade. More likely, I’ll be rolling something again.
#ITMroll Closed SPX July 26th 2430/2455 call spreads for 22.85. Sold for 15.20 last week.
Selling Aug 2nd 2435/2460 as a roll, hopefully for 21.00 or more. Will add put spread, too.
SPX Campaign Long Calls Short Puts
Closed Early
#spxcampaign
$SPX BTC 7/21 2410/2435 BUPS @ 85% profit
$SPX STC 7/21 2465/2485 BUCS @ 9.00 BTO 7/14 for 2.42 Great trade @jeffcp66
$SPX BTC 7/21 2425/2450 @.50 STO on 7/14 for 6.80 Need I say great again @jeffcp66 (YES I DO!)
#spxcampaign
$SPX STO 8/18 2540/2515 BECS @ 2.00 Thank you @jeffcp66
#longcalls
$JD BTO 8/18 42/44 BUCS @ .95 (Bridget at OMM)
#shortputs
$AAOI STO 8/11 65 put @2.25 Thank you @rknight52
$VEEV STO 8/18 60 puts @ 1.55 Thank you @jdietz1954
$BABA STO 8/18 135/145 BUPS @ 1.65
$AAOI STO 7/28 80/90 BUPS @ 3.32
URI
#Earnings – Two trades in one playing it slightly to the bullish side…something different for fun since I couldn’t decide which one to do. LOL
Sold 1 URI JUL 21 2017 120.0/115.0 Bull Put Spread @ 2.25
And outside that Sold 1 URI JUL 21 2017 114.0/128.0 Strangle @ 2.45
PII earnings
#Earnings Have not traded this before, but decent premium available outside its average range (although not outside its largest moves).
Sold to Open $PII July 21st 80/85/100/105 #IronCondors for .75. Biggest UP move: 9.3%, Biggest DOWN move: -10.2%, Average move: 5.1%. Short strikes are about +7.7% and -8.5% OTM
SRPT earnings
#Earnings Sold to Open $SRPT July 21st 28/31/36.5/39.5 #IronCondor for .70. Low priced stock means risk is lower if assigned… strangle worked nicely last quarter, making it a condor this time due to exceptionally better margin requirement my broker is giving me versus a strangle.
Over last 12 earnings, Biggest UP move: 7.2%, Biggest DOWN move: -8.8%, Average move: 5.2%. My short strikes are about +/- 8.0% OTM.
SVXY
#LongCallDiagonals – Rolling front month short call out and up a little…
Rolled SVXY JUL 21 2017 83.75 Calls to AUG 4 2017 85.0 Calls @ .15 credit
be very careful of what…
be very careful of what will happen today, Trump telling GOP to accept health care before they leave. If they agree the market will be significantly up if not it will tumble.
DLNG closed puts
#ShortPuts BTC DLNG Jul 21 15 puts @ .05, STO @ .96 on Jun 14 closed out early not sure price would hold before Friday’s expiration.
Closing Aug DRIP
Because of the lack of liquidity in these options, I usually expect that they’ll go all the way to expiration, but there’s a relatively tighter bid/ask spread in this contract (I use the term loosely for this underlying) so I was able to get out for around 85% of the the max profit. Still have positions in July, Sep and Dec.
Bought to close $DRIP Aug 18 35 calls @ .22. Sold for 1.61-1.64 on 6/21.
$VEEV
#ShortPuts Sold Aug 60 Puts @ 1.45 with $VEEV @ 64.11. Taking a small position that will be gone before earnings or vacation which ever comes first. They haven’t announced yet but a quick check shows Q2 earnings at the end of August the past two years.
SPX long calls sold
#SPXcampaign Sold the second half of my long call spread, July 21st 2465/2485 spreads for 7.50. Bought for 2.65 last Thursday, with #RiskReversal so cost basis was zero. To take off all risk, closing the put-spread half of the risk-reversal, too:
Bought to close July 21st 2435/2410 put spreads for .30. Sold last Thursday for 2.95.
$UVXY
STO Jan’19 $10/$5 call spreads @ $3.39
$GWW #FallingKnife Adding to December…
$GWW #FallingKnife
Adding to December at a lower strike.
Sold $GWW Dec 15 130 put @ 2.10.
$AMZN #CoveredCalls Sold $AMZN Aug…
$AMZN #CoveredCalls
Sold $AMZN Aug 18 1130 call @ 5.20
URI
SVXY
#VXXGame – Think I’ll let the last of my stock get called away this week. I’ll try selling the covered position if I can get a similar price to save the exercise fees too. Would like to replace it so going this route to limit downside if we implode but still get a great return if it continues up.
Sold SVXY JUL 28 2017 95.0/90.0 Bull put spreads @ 3.26
$ALXN #ShortPuts #FallingKnife – Bought…
$ALXN #ShortPuts #FallingKnife – Bought to close ALXN AUG 18 2017 85.0 Puts @ 0.05. Nothing more to make here. They won’t trade any lower.
Originally sold on 04/07/2017 at 1.65.
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$DUST #ShortPuts #Rolldown – more…
$DUST #ShortPuts #Rolldown – more rolls on profitable DUST put positions this week.
Bought to Close DUST JUL 21 2017 35.0 Puts /Sold DUST AUG 11 2017 34.0 Puts @ 0.15 Credit
$NFLX #ShortCalls – Sold NGLX…
$NFLX #ShortCalls – Sold NFLX Jul 21 2017 195.0 Calls @ 0.37 with the stock at 185.55. I don’t think the stock has another 10 points in it in the next 2 1/2 days.
Of course I’ve been wrong before 🙂
$DUST #ShortPuts #Rolldown – more…
$DUST #ShortPuts #Rolldown – more rolls on profitable DUST put positions this week.
Bought to Close DUST JUL 21 2017 35.0 Puts /Sold DUST AUG 25 2017 33.0 Puts @ 0.20 Credit
$AAPL #ShortPuts – Bought to…
$AAPL #ShortPuts – Bought to close AAPL JUL 21 2017 139.0 Puts @ 0.01.
Originally sold on 06/19/2017 at 1.03
UVXY
#TakeOneForTheTeam #VXXGame – Let’s see how this goes….staying small enough to widen or add if a roll is needed. Also to partly hedge the short SVXY calls out in Jan.
Sold UVXY SEP 15 2017 35.0/40.0 Bear call spreads @ .81
$TRIP #CoveredCalls – Sold TRIP…
$TRIP #CoveredCalls – Sold TRIP JUL 28 2017 40.0 Calls @ 0.30
UVXY and TDA interesting situation today…
Yesterday sold this:
Sold UVXY Jan 18 2019 5.0/15.0 Bear call spreads @ 5.04
Email this morning saying I was assigned on 2 of the short 5 strike calls but…no short shares in the account and short calls are missing. Said he had a long list of accounts with the same issue. I’ll take the short position if they can make it work. Can cover the stock and re-sell the calls for a better gain than if nothing happened (as long as UVXY stays lower today). Waiting to hear the verdict from the guys researching the issue.
SPX calls sold
#SPXcampaign. Sold to Open $SPX Aug 17th 2515/2540 call spreads for 1.60, with SPX at new all-time highs.
Also, closed on GTC order: Aug 4th 2320/2295 put spreads for .20. Sold for 1.30 on July 3rd.
$AAOI – BTC Jul 28…
$AAOI – BTC Jul 28 65P for .05. Originally sold for 1.45 on 7/13.
IBM closed / Earnings updates
#Earnings Bought to close $IBM July 21st 152.5/155 call spreads for .15. Sold yesterday for 1.25 and 1.30. Revenue down for 21st straight quarter. Ouch.
UAL trade a bust, but a low cost entry. Need a news story to push it back to 80 by Friday.
FIZZ trade from last week had fizzled but may recover to a smaller loss by Friday.
JNJ tight condor, closed the short 132 puts for .05, need it to settle below 134 for profit zone.
NFLX, MDSO, winners of the week so far.
NFLX UVXY yesterday
Was out all day yesterday but filled on a couple standing orders I had…
Bought to Close NFLX JUL 21 2017 160.0/155.0 Bull put spreads @ .10 (sold for 2.05) Thanks @Jeff !
Sold UVXY Jan 19 2018 30.0/40.0 Bear call spreads @ 2.20
Sold UVXY Jan 18 2019 10.0/25.0 Bear call spreads @ 5.08
Sold UVXY Jan 18 2019 5.0/15.0 Bear call spreads @ 5.04
CF
BTC August 18, 22.5 puts @ .05, sold @ 1.15
Question on Collars???
Anyone here use collars on a stock you still want? Buying a protective put and selling a covered call? Pros and cons? Put it on for even or skew it slightly? What say you?
Expiration before or after earnings and how far?
$UVXY
Looks like we still don’t have post reverse split weeklies.
Economic Data
8:30am EST Building Permits – street sees 1.20M
8:30am EST Housing Starts – street sees 1.16M
10:30am EST Crude Oil Inventories – street sees -3.6M
Earnings before Open
AVANGRID INC (AGR) – consensus 0.37
COMMUN TRUST BC (CTBI) – consensus 0.67
DIEBOLD INC (DBD) – consensus 0.10
M&T BANK CORP (MTB) – consensus 2.28
MORGAN STANLEY (MS) – consensus 0.76
NORTHERN TRUST (NTRS) – consensus 1.24
SIGNATURE BANK (SBNY) – consensus 2.22
TEXTRON INC (TXT) – consensus 0.55
US BANCORP (USB) – consensus 0.84
Earnings After Markets Close
ALCOA CORP (AA) – consensus 0.59
AMER EXPRESS CO (AXP) – consensus 1.46
BERKSHIRE HILLS (BHLB) – consensus 0.57
BLACKHAWK NETWK (HAWK) – consensus -0.25
CDN PAC RLWY (CP) – consensus 2.05
CH ROBINSON WWD (CHRW) – consensus 0.90
CHOICE PPT REIT (CHP) – consensus 0.26
CROWN CASTLE (CCI) – consensus 1.15
CROWN HLDGS INC (CCK) – consensus 1.10
CVB FINL (CVBF) – consensus 0.26
FIRST CT BANCRP (FBNK) – consensus 0.33
KINDER MORGAN (KMI) – consensus 0.14
NVE CORP (NVEC) – consensus 0.66
PLEXUS CORP (PLXS) – consensus 0.72
QUALCOMM INC (QCOM) – consensus 0.67
RLI CORP (RLI) – consensus 0.54
SAREPTA THERAP (SRPT) – consensus -0.92
STEEL DYNAMICS (STLD) – consensus 0.63
T-MOBILE US INC (TMUS) – consensus 0.36
TRIUMPH BANCORP (TBK) – consensus 0.33
UTD RENTALS INC (URI) – consensus 2.31
VALMONT INDS (VMI) – consensus 1.93
WESBANCO INC (WSBC) – consensus 0.62
Options Bistro 