$ZGNX #ShortPuts – Sold ZGNX OCT 20 2017 2.0 Puts @ 0.25 with the stock above 13.
Daily Archives: Wednesday, September 27, 2017
Rolls. Too busy to post at lunch.
WDC 9/29 86 calls rolled to 10/13 for 0.95 credit
WDC 10/6 84 calls rolled to 10/20 for 0.68 credit
WDC 10/6 85 calls rolled to 10/20 for 0.81 credit
WDC 10/6 84 calls rolled to 10/20 for 0.57 credit TS account, TOS seems to get much better fills
WDC 9/29 85 put rolled to 10/6 87 for 0.83 or so.
This was to stay in the positions to collect the 0.50 dividend on Friday so I was keeping the time value above 0.50 so no one would exercise early.
Cash machine last few weeks, dropped the cost basis another 1k+, collect the dividend then will let them get called out and start the put ladder again. Great premiums and stays in range. New range 81-90. Previous was 85-97.
$SPX #spxcampaign Closed the call…
$SPX #spxcampaign Closed the call side of my Oct 06th 2550/2570/2440/2420 IC. Closed this leg for 0.30 or a 50% profit when the SPX spiked this afternoon. I wanted to take the risk off. I will close the Put side next.
Sold to open Oct 27th 2585/2565/2320/2300 Iron Condor for 1.15 when SPX was at 2507.18. This is a class styled trade that I am studying. I put the order on this morning but wasn’t filled until the afternoon spike.
$TAP #ShortPuts #FallingKnife – Sold…
$TAP #ShortPuts #FallingKnife – Sold 1 TAP Apr 20 2018 70.0 Put @ 1.65
$RRC #CoveredCalls – Sold RRC…
$RRC #CoveredCalls – Sold RRC Nov 17 2017 23.0 Calls @ 0.50 with the stock at 20.33
SPX new highs
#VIXIndicator #SPXcampaign Well there’s the result of the Upside Warning after 2.5 days of uncertainty.
$AAOI exercising some caution
I was reading a discussion below about rich premiums in $AAOI and what that could mean in terms of someone gunning for the company or some other piece of news that the options market may be pricing in. While I believe in the company’s long term prospects (as of now at least), short term it would be unwise of me if I didn’t lighten up some more in this. So I took off two positions today:
Bought to close $AAOI Sep 29 65 puts @ 1.50. This was a rollout, sold 5.79 on 8/17. Overall profit of 1.12 per contract.
Bought to close $AAOI Oct 20 50 puts @ 1.15. Sold for 2.40 on 8/28.
I’m still short Oct 65 and 75 puts from previous rollouts–I may take the 65s off before the end of the day.
I’m also short Nov and Dec 30 puts which are at much safer levels.
TRTN
#ShortPuts Been in and out of this one for its div @ 5.5%
STO Oct 20 30 puts @ .65.
#shortputs NBR Closed Oct 8…
#shortputs NBR
Closed Oct 8 put originally sold in July, rolled to Sept and Oct, made $67
ZION
BTC October 20, 40 puts @.05,sold @ 2.00 and closed 3 weeks early.
$CLX #ShortPuts #FallingKnife – Sold…
$CLX #ShortPuts #FallingKnife – Sold 1 CLX APR 20 2018 110.0 Put @ 1.30
$VRX #ShortPuts – Bough to…
$VRX #ShortPuts – Bought to close VRX OCT 20 2017 7.5 Puts @ 0.01. They won’t trade any lower.
Originally sold at 1.05 on 04/05/2017 and again at 1.35 on 04/21/2017 as #FallingKnife trades.
#butterfly ZGNX bought a 3/8/8/13…
#butterfly ZGNX
bought a 3/8/8/13 put butterfly for .40 (TT trade) profitable between 3.37 and 12.63, risk 40 to make 463
$TAP #ShortPuts #FallingKnife – Sold…
$TAP #ShortPuts #FallingKnife – Sold 1 TAP Jan 19 2018 75.0 Put @ 1.60
Not letting this whippy market…
Not letting this whippy market ruin a road trip. This is where we stayed last night. Heading to Jackson WY today.
$SVXY #ShortCalls #Rollup – rolled…
$SVXY #ShortCalls #Rollup – rolled up this week’s farthest in the money call position.
Bought to close SVXY Sep 29 2017 85.5 Calls/Sold SVXY Oct 13 2017 88.0 Calls for a 0.25 Credit.
$SVXY #ShortCalls – Sold 1…
$SVXY #ShortCalls – Sold 1 SVXY Sep 29 2017 91.5 Call @ 1.10 with the stock at 91.17. This expires Friday
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close EFX Oct 20 2017 65.0 Puts @ 0.05. It won’t trade any lower.
Sold these on 09/14/2017 at 1.20 and 1.35.
KMB
STO January 2019, 95 puts @2.80 with stock at 116.53
$GWW #ShortStrangle – an unbalanced…
$GWW #ShortStrangles – an unbalanced strangle, at least based on time to expiration.
Sold 1 GWW Oct 20 2017 160.0 Put/GWW Apr 20 2018 230.0 Call @ 3.00 Credit.
Also short other GWW Puts.
$AAOI Bought to close my…
$AAOI Bought to close my Sept 29th 55Puts for 0.05. Originally sold for 1.70. One member at SMM has been commenting that Schwab ahs been pressing to borrow his shares and keeps upping the offer. I don’t know how that works. Never been in that position but it gives me a pause. Why the premiums are so juicy and what is coming down the pike. Earnings are estimated to be beginning of Nov. I may sell an Oct 06th 60 or 55 Put. Any opinions out there?
CLX #FallingKnife Sold $CLX Apr…
CLX #FallingKnife
Sold $CLX Apr 20 2018 110 puts @ 1.20 with the stock at 128.56
SPX trades
#SPXcampaign.
My #ITMroll for the day: Closed $SPX Oct 4th 2470/2495 call spreads for 21.95. Sold for 20.05 last Thursday. #Rolling to Oct 11th 2475/2500… missed the highs so waiting.
Sold a couple NTM put spreads to offset my call spread positions:
Sold Oct 6th 2485/2460 put spreads for 2.80
Sold Oct 9th 2500/2475 put spreads for 5.40
Stopped: Oct 9th 2510/2535 call spreads for 7.70. Sold for 7.50 on Sep 18th. At least that was almost break-even… will add to the list of rolls I need!
TSLA
#Shortstrangles – Another busy week away from the market but still getting a couple trades in.
Started with 345/435 strangle and have been rolling the 435 down. Rolled to 380 earlier and today rolled down to 365 for additional credit.
Currently sitting at Oct 20th 345/365 @ 9.05…
This is still in the week before earnings. Saving earnings week in case a roll into high IV is needed.
SPX woes
#SPXcampaign. Monday seems to have existed just to confuse everyone. Now Nasdaq is up after its stocks were in free fall. The VIX popped to multi-week highs, then settled quickly. My indicator shows an Upside Warning, but it seems we’re stuck in a range. A very tough market to call.
The standard SPXcampaign sells spreads with short strikes at around .10-.15 delta. Lately I have been carrying too many high-delta NTM, ATM, and ITM spreads, making me vulnerable to whipsaw. My mistake was not closing those aggressive positions in late August when my ITM call spreads all paid off and I reached account highs. What’s transpired since then would have been easy to manage if I was holding only the .10-.15 delta spreads. Instead, the market is Moe and I am Curly.
$ZGNX #ShortStrangles – Sold ZGNX…
$ZGNX #ShortStrangles – Sold ZGNX OCT 20 2017 3.0 Puts/31.0 Calls @ 1.75 Credit with the stock at 13.70.
Adding to my position.
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close 1 EFX Oct 20 2017 70.0 Put @ 0.05. It won’t trade any lower.
Originally sold on 09/14/2017 at 1.20.
Out much sooner than I expected.
Closed REGN
#ShortStrangles Taking profits early only to release margin. I’m getting stretched to the upside on SPX.
BTC $REGN Oct 6th 412.5/447.5 strangles for 4.85. Started as Sept 29th 430/530, and then rolled, with 8.00 total credit, so profit in end is 3.15.
Good morning from Rigby, Idaho
No internet yesterday so I just updated the site now. Click “Home/REFRESH” above.
It was a nice day to be on a 12-hour drive, compared to Monday. No trades. I will be round for an hour or two at the open, then checking in later.
Options Bistro 