$DUST #ShortPuts #Rollout – I rolled the last of this week’s Puts out and down 2 points.
Bought to close DUST Aug 4 2017 33.0 Puts/Sold DUST Sep 22 2017 31.0 Puts @ 0.28 Credit.
This one was tougher to roll because it was farther in the money with the stock at 28.0
Daily Archives: Thursday, August 3, 2017
SPX trades
#SPXcampaign $SPX Closed on GTC orders:
Yesterday: Aug 7th 2500/2525 call spreads for .20. Sold as part of a #CondorRoll for 4.15 on July 25th.
Today: Aug 11th 2375/2350 put spreads for .20. Sold for 1.65 on July 13th.
#ITMroll
Yesterday: Closed Aug 9th 2440/2465 call spreads for 22.00. Sold for 21.05 on July 26th.
Today: Sold Aug 16th 2440/2465 call spreads for 19.90.
Due to bad market timing, couldn’t move up a strike and lost money on the roll. Will look to sell an extra spread tomorrow.
$PXD #ShortPuts #FallingKnife – Sold…
$PXD #ShortPuts #FallingKnife – Sold 1 PXD Jan 19 2018 95.0 Put @ 1.25 with the stock at 135.12.
I should be able to do better tomorrow.
#Market I was looking at…
#Market I was looking at a BuPS and all of sudden within seconds the market went down sharply.
Market selling off and the VIX is dropping
Whatever…
STMP
I knew it was bullish, but WTF? How is it a company selling stamps is up 33% in one day?
AAOI borrowing ladder idea from…
AAOI borrowing ladder idea from @fuzzballl
Went lower on the strikes and just bullish. Sold:
$AAOI Aug 11 75 puts @ 1.20
$AAOI Aug 18 70 puts @ 1.25
$AAOI Aug 25 65 puts @ 1.25
Go $AAOI!
#Earnings
ATVI earnings
#Earnings Sold to Open $ATVI Aug 4th 60 puts for 1.10 and 1.30. May add more if it continues to drop.
Biggest UP move: 18.9%, Biggest DOWN move: -7.9%, Average move: 5.8%. Upside bias +3.75%. This trade is -4.5% OTM.
DRIP on the move again
Sold $DRIP Oct 20 35 calls @ 1.60. Highest strike. Looks like you can get a bit more now.
TSLA
#shortcallspreads-Sold Sept. 15 390/405 for 1.68
AAOI
#Earnings – They did “pre-announce” a few weeks ago with nice results. Could be a sell on the news…who knows. Might wake up in the morning and be at 40 or 140…LOL I’m still taking a small shot anyway. This might be a good one to always have a position or two going for awhile.
Sold these as a package for 11.90:
Sold AAOI AUG 11 2017 90.0 Put @ 4.34
Sold AAOI AUG 18 2017 85.0 Put @ 4.09
Sold AAOI AUG 25 2017 80.0 Put @ 3.47
Then, sold all the matching calls in the first week of the ladder:
Sold AAOI AUG 11 2017 115.0 Calls @ 2.00
So what do I want? Less movement the better but can easily mange anything from 75 to 125. Anything bigger than that will be a little more of a hassle. Market maker move for today is about 10.40…
Closing Aug AAOI
I previously thought I’d leave this one on through earnings but with the profit % in there now it made no sense.
Bought to close $AAOI Aug 18 55 puts @ .35. Sold for 1.55 on 7/14.
#xle sto xle put 65.5…
sto xle put 65.5 and 66 @ .62 and .49
expires tomorrow.
finally a down day this week as was yesterday.
SWKS rolled this week 104…
SWKS rolled this week 104 put to 9/8 100 for credit of 0.20. 4 points down and still a credit. There was still some time value left but I have been assigned early this week on options that still had time value and not sure I would have time to adjust it tomorrow.
Also I am noticing my ladder trades do better than selling weekly options. Easier to adjust and more space between the current price and the strike price. As i unload stock now will re-establish some ladders in a few names. Right now only have ladders in SWKS and XBI.
Earnings today
#Earnings I think the only one I’ll be doing is a bullish trade on $ATVI, selling 60 puts. Order in for 1.10, which will fill only if this thing pulls back intraday. It is flying, as it has been for weeks and it’s earnings moves have been quite bullish.
I have never traded $AAOI but I see that it is also quite bullish. It has had strong moves on earnings in both directions, however, so a little leery on that one.
AMZN
#LongCallDiagonals – Selling next week. Feels like it’s going to be a struggle at 1000 for awhile so selling fairly aggressively.
Bought to Close AMZN AUG 4 2017 1010.0 Call @ .44 (sold for 7.20)
Sold AMZN AUG 11 2017 1000.0 Call @ 7.05
SWIR Dec puts
Selling some puts on the big post-earnings move down. This is a stock I would like to own long term. I’m already short Aug 30 puts so it looks like I’ll be starting my position in a couple of weeks. If the stock continues down and ends significantly below 20 in Dec then I’ll be adding to that position.
Sold $SWIR Dec 15 20 puts with the stock at 24.22.
Off Topic
@Iceman tweeted this today. Thought it was pretty interesting so passing it along.
REGN
#ShortStrangles – With earnings out of the way it’s back to a more standard position…
Sold REGN SEP 15 2017 425.0/550.0 Strangle @ 6.80
NVDA (another early assignment)
#ShortStrangles – Was currently in a 180/155 inverted strangle. I’ve been rolling and selling and rolling and selling the crap out of this thing for weeks looking forward to next week’s earnings. Kept thinking the 180 puts were so DITM I’d get assigned early at some point. Finally happened last night.
On the opening pop I sold the stock and then on the small drop sold next week’s 177.5 puts. Also rolled the 155 calls to next week’s 160’s @ .05 credit. Ending up with exactly where I was gonna roll to anyway just had to take a detour to get there and made a little in the process.
Now the good news. Even though the position is inverted, the premium sales have been great the last few months.
Heading into earnings (should be exciting). 177.5/160 inverted with 27.75 premium received.
Anything between the strikes is a 10.25 winner. Breakeven is 149.75 to 187.75
UBNT
BTC September 40 puts @.05, sold at 1.41
TSLA
BTC my January 250/500 strangle for 3.45 and made .10 cents to cover brokerage. I was just tired of looking this stock and have never made any money on this stock.
REGN and SODA closed
#Earnings Bought to close $REGN Aug 4th 500/510 call spreads for .30. Sold yesterday in the 430/440/500/510 #IronCondor for 1.95. I will let the put side expire.
Bought to close $SODA Aug 4th 57.5 puts for .20. Sold Tuesday in the 57.5/55 put spreads for 1.40. Leaving long 55 puts as a lottery ticket.
$MOMO
Different verse. Same as the first. Bought to close Aug 11th 42 Put @ 0.70. Originally sold @ 1.15. I may be early but the weakness is a concern and I don’t want to see a small profit turn into another Tums Ticker.
TSLA
#Earnings – Probably a little early on the management but don’t wanna risk it running away from me. It’s a toss up whether the 50 ma holds or not…
Originally sold 285/345 strangle @ 3.00. She gapped up through the 345 so I :
Sold to Open TSLA AUG 4 2017 350.0 Put @ 6.05 (actually sold 340 first then rolled to 350)
What now?
I’m 350/345 inverted @ 9.05 total credit. If we end the week in between the strikes it’s 4.05 winner. Breakeven now is 341 to 354.
$VEEV
Morning all. Bought to close Aug 18th 62 Put @ 1.10. Originally sold @ 1.45. I may be early but the weakness is a concern and I don’t want to see a small profit turn into a Tums Ticker.
REGN
#Earnings – Don’t trust this thing at all so even though the position looks extremely safe I’m bailing for a decent winner…
Bought to Close REGN AUG 4 2017 450.0/520.0 Strangle @ .40 (sold for 4.50)
Assigned early on WDC 90 puts.
Sold 87.5 8/11 calls at avg of 0.40. Brings cost basis down to 87.6. Hopefully a little bounce next week, roll the calls for a few weeks then let them get called out and start the process over again.
I sill have a few short puts at 90 will let them be assigned tomorrow and sell calls Monday against the others.
#Early Assignment Jeff, I have…
#Early Assignment
Jeff, I have been assigned the AAPL 150 Calls, making me short the stock, would appreciate your thoughts on the best way to handle these. Is it best to just close out and take the loss or hold for a drop in price?
Options Bistro 