#optionsexpiration
$SPX 2490/2465 BECS Lost nearly three times premium received by failing to pull trigger.
#shortputs
$ALB STO 10/20 110/120 BUPS @ 1.50
$AAOI STO 9/29/55 puts @ 1.70 Thank you @jdietz1954 via @jeffcp66
#spxcampaign
$SPX STO 9/22 2450/2475 BUPS @ 2.15 Thank you @jeffcp66
Closed Early
$NFLX BTC 9/15 150/160 BUPS @ 96% profit
$AMZN BTC 9/15 950/960 BUPS @ .40 STO 8/4 for 3.05 and rode it down and up. Up better.
Sosnoff buying 86/83 put spreads….wow. Need some luck for that to work.
$EFX #ShortPuts #FallingKnife – with the stock at 100.50 –
Sold 1 EFX OCT 20 2017 75.0 Put @ 1.20
Sold 1 EFX Jan 19 2018 60.0 Put @ 1.20
Sold 1 EFX Apr 20 2018 60.0 Put @ 2.00
#Earnings #Assignment #LongStock
Sold more shares today at 57.50 and 58.50, assigned at 56.44 basis. Now that the full position is nicely profitable I put my remaining shares on trail stops of .50 and 1.00.
$AZO #ShortPuts – Bought to close AZO SEP 15 2017 480.0 Puts @ 0.05.
Originally sold at 2.30 & again at 3.50 after the #Earnings drop in May
$EFX #ShortPuts #Speculation – Sold EFX SEP 15 2017 90.0 Puts @ 0.70 with the stock at 102.60. These expire in 2 days.
Lowest available strike.
$AAOI #ShortPuts @Jeff Thanks for the reminder on this ticker. It looks to be basing. I sold to open the Sept 29th 55 Puts @ 1.70 with $AAOI @ 60.50.
#PostEarnings #ShortPuts
Bought to close $AAOI Sep 15th 55 puts for .20. Sold for 1.25 on Aug 4th. Had I remembered this GTC order was in, I would have taken it off and let it expire worthless.
#SPXcampaign
Bought to close $SPX Sep 13th 2490/2465 put spreads for .20. Sold yesterday for 2.45
Sold to Open $SPX Sep 22nd 2475/2450 put spreads for 2.15.
Taking this trade off for 75% of the premium over a month early.
Bought to close $CBI Oct 20 10 puts @ .10. Sold for .38 on 8/30.
Final #LongPutDiagonals #SyntheticShort roll…
Rolled UVXY SEP 22 2017 29.0 Puts to OCT 20 2017 26.0 Puts @ .07 credit
$EFX #FallingKnife
Sold $EFX Apr 20 2018 60 put @ 1.45. Lowest strike. I’ll add 1 contract at a time as the premium rises or lower strikes are added.
#xle
btc @ 66.15 all out,giving up divi this Friday.
prob the reason 3 days on up swing.
out for small profit.
back to cash to start weekly straddles and csp selling.
bird in the hand etc…..
Position had been adjusted to Sep 29 460/475 strangle. I just rolled the 460 puts out to Oct 20 for 4.20 credit. Leaving the Sep 29 475 calls for now.
$DUST #CoveredCalls – Sold DUST Sep 22 2017 25.0 Calls @ 0.25 with the stock at 22.18.
Less that 8 trading days until expiration.
#VXXGame #LongPutDiagonals Most of us have long known the folly of selling puts on $VXX and $UVXY. It can work during volatile periods but as soon as market drifts higher, these go ITM very quickly. I’m rolling my diagonal weeklys to further dated but still ITM positions. The long term positions are fine, but as @fuzzballl says, these short-term puts won’t always be easy.
Rolled VXX Sep 22nd 45.5 puts to Oct 6th 44 puts for .02 credit
Rolled UVXY Sep 22nd 29 puts to Oct 6th 27.5 puts for .15 credit.
$AZO #ShortCalls – Sold 1 AZO Sep 22 2017 660.0 Call @ 1.15.
Highest available strike price and the breakeven is above the top of the earning gap on 5/23.
$GWW #CoveredCalls – Sold 1 GWW OCT 20 2017 180.0 Call @ 1.80 with the stock at 166.80
$GWW #CoveredCalls – Sold 1 GWW OCT 20 2017 175.0 Call @ 3.10 with the stock at 166.65
$AZO #ShortCalls #OptionLadder – sold these on this morning’s gap at 562.0 Paired with long term short Puts.
Sold AZO SEP 15 2017 580.0 Calls @ 0.40 – these expire Friday
Sold AZO SEP 22 2017 660.0 Calls @ 0.60
Sold AZO SEP 29 2017 660.0 Calls @ 0.90
Another #LongPutDiagonals #SyntheticShort roll of the front month sale. 2019 positions looking great…
Rolled VXX SEP 15 2017 45.0 Puts to VXX SEP 29 2017 43.5 Puts @ .25 credit
$UVXY #ShortCalls #ClassicVXXGame – Bought to close 1 UVXY Jan 18 2019 65.0 Call @ 10.90. Still have others to cover but lightening up with UVXY at a new low.
Sold this one on 08/10/17 at 14.50.
Pretty soon it will make more sense to add small lots of UVXY stock instead of covering these calls.
$UVXY #ShortCalls – Bought to close 1 UVXY Jan 19 2018 65.0 Call @ 3.90. Still have others to cover.
Sold this one on 08/09/17 at 8.00
#LongPutDiagonals #IRA – Gonna go ahead and roll this now. 2019 #SyntheticShort looking good.
Rolled NUGT SEP 15 2017 40.5 Puts to SEP 29 2017 38.5 Puts @ even
#longcalldiagonals SVXY experiment week 4.
The runaway train has my 76 call way ITM with only a few cents of time value left so rolled this week out to Oct 6 78 call for 0.50 credit. Probably need to roll it up to 90 but want to keep taking in credits and that was as close in time I could go and still take a decent credit.
Cost basis now 12.72 and 17.80 plus a few cents for commissions.
The profit graph is starting to look interesting now. No upside loss and my break even is now mid 60s. Will post later.
Open P/L $2063 in 4 weeks on 4.5 contracts so looks like this will work really well long term. Still have 60+ weeks for the trade to play out. Max risk is now none to upside and $1000 per contract to downside. Bring in another 2000 in premium and risk will be 0.
#SMMPicnic – The post below is from Jay over on SMM. No need to still be an SMM member.
NYC Picnic I have been posting about this for a few weeks. If you are interested in coming please get back to me so I can get an idea of how many of us there will be. Thanks below is my previous post
OT NYC Picnic – Oct 7th I think either at 12 or 1:00 in Strawberry fields Central Park – more direct info to follow – We usually meet up on 72nd street and Central Park West and walk in together. Please email me of your interest in going so we have a general idea of a head count if the weather is not good to move it indoors some where and so I have an email list for contacting you regarding the gathering. We have been very successful with these in the past and I think you will all enjoy meeting Dan and Gary and conversing with fellow traders and put a face to the names here. Please email me at aragorn555_2010@yahoo dot com.
Below is What Gary wrote previously
#NYC Picnic – SATURDAY, OCTOBER 7, 2017. Hey Team. We are all set for some fun in Central Park on Oct. 7, 2017. I’ll work with @Aragorn on specifics and let you know but we usually meet early afternoon and all bring lunch, lounge chairs, etc. So, SAVE THE DATE!!
Can’t wait to see all of you.
Options Bistro 