$ZGNX #ShortPuts – Sold ZGNX OCT 20 2017 2.0 Puts @ 0.25 with the stock above 13.
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 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.
$RRC #CoveredCalls – Sold RRC Nov 17 2017 23.0 Calls @ 0.50 with the stock at 20.33
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.