#CoveredCalls – This roll puts the position back in the green…
Rolled ISRG SEP 1 2017 900.0 Call to SEP 22 2017 902.5 Call @ .65 credit.
Planning 2 more rolls on it. Next one will be into first or second week of October just prior to earnings. Then the final roll will be into earnings for a nice credit. I’ll keep the strike well in the money for downside protection and gather up some premium and then ship it!
#ModifiedVXXGame – Last week sold some 11/13 VXX call spreads for a buck. Sold them in a size where after the split they’ll be one tenth of a full position. Didn’t quite make it back to profitability so closed the long 13 calls on Friday and accepted the short assignment at a basis of 12.30
Then:
Sold VXX AUG 25 2017 12.0 Puts @ .13
I’ll be shorting the stock or selling aggressive call spreads to establish a short position after the split. Working towards a long term short position with protective calls to match up with a similar trade on UVXY.
Just a few thoughts. Since the high on August 8, we have retreated a bit more than 20% from the high. It seems to me that if we ever got a real correction or panic in this market, we could see this ETF down in the 20 to 25 range. I am not predicting but looking over my shoulder.
#LongCallDiagonals – Lots of overhead resistance. Rolling down this week for additional credit.
Rolled AMZN AUG 25 2017 975.0 Call to AUG 25 2017 957.5 Call @ 3.60 credit.
Total credit on this one now up to 13.50
Taking this off for 55% of the potential profit:
Bought to close $PYPL 9/15 55/62.50 strangles @ .60. Sold for 1.33 on 8/2.
Took advantage of some strength today to exit the last of my UVXY call spreads.
BTC Sep 1 $35/$36 Call Spreads for even
BTC Aug 25 $30/$35 Call Spreads for $400 loss, was only short a couple and loss was manageable.
I “hoped” that we’d see a nice rebound this morning and I’d be able to exit these for even better prices. I just don’t trust the market right now, don’t like that it just can’t rally. I put on the spreads as a defined risk way of playing the decay of $UVXY, and it worked just as expected limiting the impact on the account during a spike. What is different this time was the 2nd spike very close to the first one, and now it would appear that everyone is timid and the market is just not able to rally. Volatility is remaining somewhat elevated for a longer period of time causing these positions to be problematic. When these stay in the money and get near expiration, theta is really working against you and to roll as a vertical for a credit you have to make the spread incredibly wide, so I just cleared out of these.
I am getting nervous about this market so, BTC December 70 puts @2.48, Sold @ 4.60
$FLR #ShortPuts – Sold FLR(Weekly) Sep 29 2017 35.0 Puts @ 0.60 with the stock at 37.14
$HES #ShortPuts – with the stock at 37.94
Sold HES(Weekly) Aug 25 2017 36.5 Puts @ 0.25
Sold HES(Weekly) Sep 22 2017 34.0 Puts @ 0.53
$CMG #ShortPuts – Sold CMG(Weekly) Aug 25 2017 295.0 Puts @ 1.20 with the stock at 308.48
$ANF #CoveredCalls – Sold ANF(Weekly) AUG 25 2017 11.0 Calls @ 0.15 with the stock at 9.31
$PANW #ShortPuts – Bought to close PANW Sep 15 2017 80.0 Puts @ 0.05. They won’t trade any lower and there are still a four weeks until expiration.
Originally sold in March at 1.35 and April at 1.55.
#earnings #shortcallspreads TSLA
I had an Aug. 18 285/290/360/365 IC for earnings which were Aug. 2, rolled the calls to Sept. 15 375/385, closed them today for a plus .48 on the calls after all was said and done.
On Aug. 3, day after earnings, sold a Sept 15 390/405 call spread for 1.69, closed today for .52.
TSLA is down 10 so far today to 336.
Highest strike in October.
Sold $DRIP Oct 20 41 calls @ 1.50.
Adjusting my Sep 134/142 strangle. With $IWM testing the 134 put, I rolled the 142 calls down to 138 (26 delta) for .64 credit. Position is now 134/138 strangle.
BTC December 55 puts @7.30, sold at 10.10 I am just not comfortable with this stock so closing early.
#SPXcampaign. Closed $SPX Aug 23rd 2445/2470 call spreads for 1.15. Sold for 19.50 on Aug 9th as an #ITMroll. Finally out of one… one more to go.
Also, Stopped out of Aug 30th 2425/2400 put spreads for 8.60. Sold for 6.00 last Thursday as a roll. I would normally watch this one longer but I won’t be at my computer most of today. I will look to sell and aggressive roll later this week.
#SPXcampaign. Closed on GTC order: $SPX Sep 8th 2510/2535 call spreads for .20. Sold for 1.75 on Aug 10th.
#CondorRoll. Sold Aug 28th 2360/2385/2455/2480 iron condors for 4.40, as a roll from a put spread stopped last week. This one will be on a tight leash; one week to expiry.
Sold to Open Sept 25th 2500/2525 call spreads for 1.60, with SPX at 2421.
STO September 15, 95 covered calls @2.05
Looks like I missed some more fireworks last week. Hope you all were able to take advantage of the volatility. I was forcing myself to keep the trading to a minimum. It was tough on Thursday 🙂
In the path, totality will occur approx 1 hour 10 minutes after start of eclipse.
Notable Earnings After the Close, Monday or Before the Open on Tuesday:
BZUN, CMCM, COTY, DSW, FN, JASO, MDT, MOMO, NDSN, NM, PINC, TOL, ZAYO
Notable Earnings After the Close, Tuesday or Before the Open on Wednesday:
AEO, ARAY, CREE, CRM, EV, EXPR, INTU, LOW, LZB, RY, VNET, ZTO
Notable Earnings After the Close, Wednesday or Before the Open on Thursday:
ANF, BURL, CM, CO, DLTR, DXLG, GES, HPQ, HRL, LCI, MIK, NOMD, PDCO, PRXL, PVH, SAFM, SDRL, SHLD, SIG, SJM, SPLS, TIF, TREE, TTC, TUES, WSM, XL
Notable Earnings After the Close, Thursday or Before the Open on Friday:
ADSK, AVGO, BIG, BRCD, GME, MRVL, PSTG, SPLK, ULTA, VEEV, VMW
Options Bistro 