$CELG #ShortPuts – Bought to close 1 CELG OCT 20 2017 95.0 Put @ 0.01. It won’t trade any lower.
Daily Archives: Tuesday, September 26, 2017
$ZGNX #ShortStrangles – Sold ZGNX…
$ZGNX #ShortStrangles – Sold ZGNX OCT 20 2017 3.0 Puts/31.0 Calls @ 1.65 Credit with the stock at 13.35.
It’s been a long time since I played one of these small biotech binary events.
#T and TLT sto T…
#T and TLT
sto T , Oct 6, 38.50@.50 put ,if assigned get divi then cc…if not,no problem
sto TLT sept 29 126.50 and 126 put @.52 , if assigned then cc…if not,no problem
$SVXY #ShortPuts Finished off the…
$SVXY #ShortPuts Finished off the chain in my Roth. Sold to open Oct 27th 65 Puts @ 1.15 with $SVXY at 89.97. Not a great entry. I blame it on chores.
Another DRIP dripped away
Bought to close $DRIP Nov 17 40 calls @ .05. Sold for 2.00 on 8/29.
I only have 2 positions left in this. Dec 35 and 40 calls. It’s been a great run for a few months but if the bear market in oil is really over then we may be done with this one for a while.
ZGNX
This was traded at TT, looked it up, a 1 drug(childhood epilepsy) bio with huge premium. A $13 stock price, an Oct. straddle goes for about 12. The company reports phase 3 results any day now. The TT trade is a 4/9/26/31 IC for 3.90.
Another opportunity for FANG…
Intercontinental Exchange (NYSE:ICE) announces the launch of the NYSE Fang+TM Index (NYFANG) with futures contracts available November 8.
http://tinyurl.com/ya9at8fu
$GWW #ShortCalls – Sold 1…
$GWW #ShortCalls – Sold 1 GWW Jan 19 2018 210.0 Call @ 1.40 with the stock at 179.39.
Paired with a number of short GWW puts which are now nicely profitable.
$LB – no longer a…
$LB – no longer a #FallingKnife – back above the 50dayMA
#optionladder STO XBI 11/3 79…
STO XBI 11/3 79 put at 0.93. Added a 4th week to the ladder.
The OTM options on this decay fairly quickly so open 30-40 DTE and usually roll when they have 1-2 weeks left so they are not open until expiration. Works well like tastytrade style but you can usually get more than 50% out of it before rolling.
$ALXN #ShortStrangles – Covered some…
$ALXN #ShortStrangles – Covered some November strangles to release some margin.
Bought to close ALXN Nov 17 2017 80/165 Strangles @ 1.35.
Originally Sold the Puts on 05/23/2017 @ 2.10 as a #FallingKnife trade.
Then as the stock recovered sold the Calls on 07/27/2017 @ 2.35 and again on 07/28/2017 @ 2.85.
The Strangle may have expired, but it’s a long time until November, and the puts were so low, they weren’t really protecting the calls anymore.
$RL #ShortPuts – Bought to…
$RL #ShortPuts – Bought to close 1 RL Oct 20 2017 55.0 Put @ 0.05.
Originally sold on 05/24/2017 @ 1.20
#shortcallspreads TSLA Sold Oct. 20,…
#shortcallspreads TSLA
Sold Oct. 20, 385/390 spreads for .60 each.
$AAOI #ShortPuts Bought to close…
$AAOI #ShortPuts Bought to close Sept 29th 60 Puts @ 0.50 as a risk off trade. I put the order in this morning on the off chance it might get filled. Originally sold for 2.45 so it definitely was time to go.
tt Research Cherry Picks
http://tinyurl.com/yd5kecfx
SPX pre-market
#SPXcampaign Just closed $SPX Sep 27th 2470/2445 put spreads for .35. Sold in a #CondorRoll for 9.90 on Sep 11th.
Options Bistro 