#SPXcampaign Closed $SPX Sep 8th 2450/2425 put spreads for .75. Sold last week for .75, as part of a Risk/Reversal. Closed the long 2480/2495 spread for .20.
Sold to Open Oct 4th 2515/2540 call spreads for 1.45. Used the Wednesday series since Oct 6th is crammed with too many spreads already.
From TastyTrade (Tony MX).
Sold $T Oct 20 35 puts @ .75 with the stock at 35.64.
$DIS #FallingKnife ?
#LongPutDiagonals Same deal as below with $VXX…
Sold VXX Sep 22nd 45.5 puts for 1.19. This is against my Jan 2019 position (long 20 puts, short 50/60 call spreads). I only sold three so I leave myself open to selling more, since my position is a 10-lot.
$SVXY #ShortPuts Bought to close Sept 8th 75 Puts @ 0.35. Taking risk off.
#SPXcampaign Closing a reverse roll I sold on Tuesday’s drop. Don’t have any idea which way we’re headed but I’m leaning on the downside.
Closed $SPX Sept 13th 2465/2490 call spreads for 9.25. Sold for 6.75 on Tuesday
#Rolling
Sold Sep 18th 2445/2420 put spreads for 3.00
Sold Sep 25th 2480/2505 call spreads for 6.30
#LongPutDiagonals Sold $UVXY Sep 22nd 29 put for 1.85. This is against my Jan 2019 position (long 30 puts, short 30/40 call spreads). It is replacing the Sep 8th 29 puts expiring tomorrow. I only sold one so I leave myself open to selling another, since my position is a 2-lot.
#ShortStrangles – As @Jeff pointed out earlier…she’s tanking. Looks like some new competition on the horizon for some of their drugs so making an adjustment…
Rolled REGN SEP 29 2017 550.0 Call to SEP 29 2017 510.0 Call @ 4.47 credit
Position is now 470/510 Strangle @ 12.52 credit
Glad you guys reminded me of this one. I’ve been looking to set up a #SyntheticShort or a #LongPutDiagonal on this dog on the next big bounce. Unfortunately there were no 2019’s available…until now. TOS isn’t showing any good quotes on them yet though…maybe tomorrow?
$DG #ShortPuts – Bought to close 1 DG NOV 17 2017 55.0 Put @ 0.05. It won’t trade any lower and November is a long way off.
Originally sold as a #FallingKnife trade on 04/03/2017 @ 1.35
At the new highest strike.
Sold $NUGT Dec 15 63 call @ 2.80.
$DUST #ShortPuts #IRA – Sold DUST Oct 20 2017 14.0 Puts @ 0.40 with the stock at 19.03. Lowest available strike.
$SVXY #ShortPuts – Bought to close SVXY Sep 15 2017 27.5 Puts @ 0.01 to free up some margin.
They won’t trade any lower.
Originally sold as SVXY Sep 15 2017 55.0 Puts before the split.
Sold on 02/24/2017 @ 2.73 and 06/29/2017 @ 1.15.
Sold $NUGT Nov 17th 60 call for 2.10
Closed $DUST Dec 50 call for .20. Sold for 4.75 on July 7th.
$DUST #ShortPuts – Sold 1 DUST Dec 15 2017 14.0 Put @ 1.10 with the stock at 19.23. Lowest available strike.
#Earnings #StrangleRoll Looks like I am committing to a longer term relationship with $RH. Not happy about my sloppy exit, but what’s done is done.
BTC RH Sep 8th 64.5 calls for 7.05
STO RH Oct 20th 65/75 strangles for 6.70. Sold an extra 65 put for 3.90, to give me a roll credit of .43 on the whole trade. I will manage this similarly to #PerpetualRollingStrangles
Don’t think anyone else is in this trade right now so will be brief.
Assigned on a bunch of WDC 90 puts on earnings gone bad, they beat but the stock sold off from 96 down as low as 81 or so. Took assignment on half and rolling the puts on half to see which works better in real time on deep ITM puts. Converting to covered calls wins. I was break even last week, this week up average of .54 on the calls if I let assignment go next week. Still have some work to do on the puts. Moral of the story, if you can’t take in more than 0.5 by rolling the puts weekly go ahead and take assignment and convert to covered calls or collar it if still dropping.
Rolled this weeks 84 and 85 WDC calls to 15 DTE for varying credits of 0.67-82 depending on accounts. Now will be profitable on all the converted covered calls and will either: let assignment happen in next 1-2 weeks or if stays where it is and I can bring in more than 0.5 each week by rolling will keep rolling.
Cost basis now under 84 with the stock at 88.55 currently.
UVXY #coveredcalls
BTO stock, sold ATM call expiring tomorrow for $30.50, ROI 3.3% if called.
stock 30.44, 31.5 Sept 08 0.94. stop at 31.
Not really a #PerpetualRollingStrangles trade but it’s turning into one. Got a stop on next week’s 55’s at 50 percent of max profit so selling the next batch.
Sold EWW OCT 6 2017 56.0 Puts @ .85
Sold $RH Sep 15 75 calls @ 1.50 with the stock at 71.59 slowing its upward momentum. Expiration a week from tomorrow.
#PerpetualRollingStrangles – I had already double sold the next batch for a couple weeks out. Forgot I had this order in to close this week’s.
Bought to Close GLD SEP 8 2017 124.5 Puts @ .03 (sold for 1.24)
#ShortStrangles I guess not adjusting is working out for my Sep 29th 430/530 strangle.
#Earnings Sold 64.5 calls, 28% OTM… and got slammed. Up 43%! The previous day-after earnings max intraday move was only 27%. Considering options to roll.
Options Bistro 