#Earnings – Here’s one that’s been a work in progress because it’s been so strong. During it’s earnings run up starting last April I’ve been rolling puts up and went inverted as she passed through my short call at about 875. Finally leveled off and I took the stock at a 904 basis. Since then been rolling the ITM call up.

So finally:

Rolled ISRG AUG 18 2017 895.0 Call to SEP 1 2017 900.0 Call @ .40 credit.

Almost back to even. As Sep approaches have to decide whether to say goodbye at even or keep rolling up to finally get some gains. It’s finally showing some weakness. What a run!

#Earnings – Stock feels kinda strong so booking this earnings trade now.

Bought to Close TSLA AUG 4 2017 350.0/345.0 Inverted Strangle @ 6.85 (sold for 9.05)

#Earnings – Managing the earnings implosion. Rolling and selling to get the deltas to a more reasonable level.

Started with a scalp:

Bought to Close AAOI AUG 4 2017 75.0 Calls @ .80 (sold for 1.10)

And got all the short puts into same expiration for simplicity:

Rolled AAOI AUG 11 2017 90.0 Put to SEP 22 2017 85.0 Put @ 1.10 debit
Rolled AAOI AUG 18 2017 85.0 Put to SEP 22 2017 85.0 Put @ 3.07 credit
Rolled AAOI AUG 25 2017 80.0 Put to SEP 22 2017 80.0 Put @ 2.54 credit

Against all of that:

Sold AAOI AUG 11 2017 75.0 Calls @ 1.75

#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…

#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.

#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)

#Earnings – Unfortunately working last 2 days during market hours. Threw a couple orders in ahead of time….filled on these:

TSLA Aug 4th 285/345 Strangle @ 3.00
REGN Aug 4th 450/520 Strangle @ 4.50

Good luck!