#OptionsExpiration #SPXcampaign #RiskReversal
This expired Monday, unsuccessful long but nonetheless a small profit since the put spread was sold for a higher amount.
$SPX July 31st 2490/2510 long call spreads, bought for 1.65 on July 21st.
$SPX July 31st 2450/2425 short put spreads, sold for 2.00 on July 21st.
#spxcampaign
$SPX 2425/2450 BUPS
#shortputs
$AAOI STO 9/15 65 puts @ 3.40 Thank you @ramie77
$SVXY STO 9/8 75 puts @ 2.10 Thank you @hcgdavis
#shortcalls
Following the article previously cited on $BA
$BA STO 8/18 255/245 BECS @ 2.80
#spxcampaign
#SPX STO 8/9 2415/2440 BUPS @ 1.70 Thank you @jeffcp66
$UVXY #ShortCalls – Sold UVXY Aug 11 2017 61.0 Calls @ 0.11.
New strike prices up to 63 in the Aug 11 weekly cycle.
#SPXcampaign Sold to Open $SPX Sept 1st 2375/2350 for 1.40, with SPX at 2471.
For those of us who held longer term short put positions through the painful month of July things could be turning around. Chart has a nice rounded bottom since the gap down on 7/5, with the stock threatening to trade into that gap, now above 540.
I am short:
Aug 520 puts
Sep 480 puts
Dec 500 puts
I’ve been selling puts on this all the way up the last couple of months, with the intention of taking the stock if assigned. They’ve all either expired or were taken off early for near full profit. Today I closed one more with earnings coming up:
Bought to close $AAOI Aug 11 65 puts @ .70. Sold for 2.40 on 7/17.
Resetting for September to get good premium:
Sold to open $AAOI Sep 15 65 puts @ 3.50.
I guess another way to look at it is rolling out to Sep for 2.80 credit but I’m treating it like a separate trade in September.
The only other position I have on in this name is short Aug 18 55 puts which I’ll keep on over earnings.
Borrowing this trade from one of the TastyTraders. He did an iron fly but I went with just the short straddle for more premium and much easier roll ability. Will look to take off at 25% profit.
Sold $MAT Sep 15 20 straddles @ 1.72.
#earningstrade MCD
Sold a 140/145/160/165 IC, closed the puts last week, closed the calls today, made 94 out of 173.
$TSLA #ShortPuts – Sold TSLA AUG 18 2017 235.0 Puts @ 0.60 with the stock at 323.49
#Earnings #ShortStrangles
Sold to Open $SHOP Aug 4th 80/110 strangles for 1.26. Over last 12 earnings, its biggest FIVE DAY moves: Biggest UP move: 18.1%, Biggest DOWN move: -9.8%, Average move: 7.9%. These strikes are +19.9% and -12.8% OTM.
DKL #ShortPuts
STO $DKL Aug 18 40 puts (ITM) @ 5.50 will take stock with 8.22% yield, div @ .705/qtr, earnings and ex div date Aug 2. Shares trading at 35.25.
This is not an ad, just something I find ironic at this time. Don Fishback has released a new service based on VIX trading. It is either long the XIV/VXX depending on volatility. From what I can tell most of the time it is long XIV which is similar to SVXY or the VXX or UVXY when vol spikes. Some of you have been doing this for years with the SVXY/UVXY trades. I think they are charging $1495 for it for a year.
Full disclosure, I took some of Don’s classes when I was learning and they were legit. Even priced fairly when they were on special/sale and has shaped my trading since and he predominantly sells options. But no need to spend money on something we have been doing for years. Maybe we should package our trades and sell them? Ha ha…….
VXX has options but XIV does not. Probably better to stick with our SVXY/UVXY trades so we can sell options and play both sides in both directions. Plus the contago effect of the SVXY/UVXY makes buying options on these an up hill battle or gives the sellers a tail wind. Even with VIX up slightly today SVXY is up and UVXY is down. Nice headwind!
In the long run the house always wins! To take a quote from one of their services, always be the house.
$TSLA #FallingKnife today
Sold TSLA AUG 4 2017 255.0 Puts @ 0.23 with the stock at 324.16.
Recent support levels not already broken are at 313 and 303.
$SVXY #ShortCalls #VXXGame – Sold 1 SVXY JAN 18 2019 165.0 Call @ 6.00 with the stock at 91.20.
Along with all the UVXY calls I sold last week, I’m comfortable with this position.
Rolled WDC 90.5 puts from this week to next for 0.21 credit. There was only 7 cents of decay left.
Will hold the 90s until later in the week, they still have some time value left.
#SPXcampaign Sold to Open #$SPX Sept 1st 2525/2550 call spreads for 1.50, with SPX at 2475
$SNI #ShortPuts #FallingKnife – Bought to Close 1 SNI DEC 15 2017 55.0 Put @ 0.05.
It won’t trade any lower and there are still 137 days until expiration.
Originally sold on 06/05/2017 at 1.40.
I’m pretty sure I got this idea from @Ramie
$UAA #CoveredCalls – Sold UAA Aug 4 2017 23.5 Calls @ 0.28 with the stock at 20.18.
Expires at the end of the week.
edit: Added more @ 0.40
$HP #ShortPuts #FallingKnife – Sold HP Dec 15 2017 42.5 Puts @ 1.65.
Bought to close $SNI Dec 15 55 puts @ .05. Sold for 1.22-1.25 on 6/1.
$CMI #earnings STO Put Aug4 with 160 strike, during the last 15 cycles, the highest percentage drop as 6.5% with the average drop at about 3%. Waiting on a good fill now.
$DUST #ShortPuts – and early roll of one of this weeks short put positions, lowering the strike 2 more points.
Bought to close DUST Aug 4 2017 31.0 Puts/Sold DUST Sep 8 2017 29.0 Puts @ 0.30 Credit
$TRIP #CoveredCalls – Sold TRIP Aug 4 2017 40.5 Calls @ 0.30. Expires Friday
$HP #ShortPuts #FallingKnife – Sold 1 HP Jan 19 2018 40.0 Put @ 1.35. The 3 year low on the stock is 40.02 from early January 2016
STO 5 9/8 75 puts at 1.06.
JOBS report is on Friday
Options Bistro 