#SPXcampaign BTC $SPX Oct 31st 2565/2540 put spreads for .35. Sold for 3.70 on Friday.
Sold Nov 13th 2540/2565 call spreads for 20.50 as an #ITMroll from Nov 6 spread stopped yesterday.
Monthly Archives: October 2017
$UAA #ShortPuts #Speculation – Sold…
$UAA #ShortPuts #Speculation – Sold UAA Nov 24 2017 12.0 Puts @ 0.37 with the stock at 12.53.
QCOM
STO September 2018, 35 puts @.90
RGR
#Earnings today. Trading bottom of the range with 4.5% divvy down here…no position
EDIT…bad info. Divvy about 1.9 percent but decent premium
Short Puts $KEM Earnings $LITE SPX Campaign Sell and Close
#shortputs
$KEM STO 12/15 25 puts @ 2.20
#earnings
Taking the @jeff Into the light trade
$LITE STO 11/3 57/62 BUPS @ 1.60 Sounds like a Harry Potter command “Lumentum” meaning let there be profit.
#spxcampaign
$SPX STO 12/1 2650/2625 BECS @ 1.85 Let’s hope for no tricks on this one @jeffcp66
Closed Early
$SPX BTC 11/1 251/2540 BUPS @ 92% profit Thank you @jeffcp66
$SPX BTC 11/8 2550/2525 BECS @ 22.50 STO 10/25 @ 20.30 Hearing footsteps on Halloween has spooked me.
LITE earnings
#Earnings I’ve never traded this but it has juicy premiums, and upside bias on its short history of earnings (since Nov 2015). Using a spread for disaster protection.
Sold $LITE Nov 3rd 62/57 put spreads for 1.50. Biggest UP move: 14.1%, Biggest DOWN move: -3.7%, Average move: 6.1%. This trade is -3.2% OTM.
TAP
#Earnings tomorrow…
Let me throw this one out there for a possibility. This trade may have a name but I’m not sure…LOL Sell straddle and buy uneven wings with no upside risk and breakeven at the expected move to the downside.
Sell 80 strike straddle and buy 82 call and 75 put @ 2.00 credit. Makes money above 78 (the recent low). If the stock drops to 5 bucks I still get it at a basis of 8.
Reasonable?
$UAA #ShortPuts #Speculation – Sold…
$UAA #ShortPuts #Speculation – Sold UAA Nov 10 2017 13.0 Puts @ 0.24 with the stock at 13.70.
Edit: Added @ 0.31
WYNN MGM LAS
I guess the crisis is over. The general public has a short memory…that’s a good thing or most airlines would be out of business. I’m sure 90 percent of everyone has been pissed at an airline at some point!
Casinos on a tear today. Initial rumors of security screening and baggage checks at casino hotels probably won’t happen…
$AGN #ShortPuts #FallingKnife – Sold…
$AGN #ShortPuts #FallingKnife – Sold 1 AGN May 18 2018 120.0 Put @ 1.50 with the stock at 177.92
ISRG
#ShortStrangles – Earnings are done so going for a quick 30 day trade betting she rests for awhile. Selling near the 50 ma on the downside and well above all time high on upside. Also, trying to be out before the end of year debt ceiling battle.
Sold ISRG DEC 8 2017 360.0/420.0 Strangle @ 4.30
QCOM
STO June 40 puts @1.10
MU
#Squeeze – Pretty impressive daily and weekly squeezes. Completely missed it!
AAOI
#ShortStrangles – Was away from my desk for the open and got stopped out on the tiny bounce. A reason why I’m not a fan of stops but sometimes have to use them. These were double sold so had ’em set to close at about 50 percent of max.
Bought to Close AAOI NOV 3 2017 44.0 Calls @ .59 (sold for 1.00)
SHOP
#Earnings – Bounced at the 95 level so not even messing with it. Book ’em!
Bought to Close SHOP NOV 3 2017 95.0/130.0 Strangles @ .65 (sold for 1.91)
Thanks @Jeff !
$CMG #ShortPuts #Speculation – Sold…
$CMG #ShortPuts #Speculation – Sold 1 CMG Nov 3 2017 257.5 Put @ 1.50 with the stock at 265.50
SPX calls sold
#SPXcampaign Sold $SPX Dec 1st 2625/2650 call spreads for 1.70.
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close EFX Jan 19 2018 50.0 Puts @ 0.05.
They won’t trade any lower and don’t expire until next year.
Originally sold about 6 weeks ago at 1.20 & 1.25 as a #FallingKnife trade
Account accounting…?
Just wondering how you guys track your trades. TOS (or any platform for that matter) just isn’t very good about tracking basis in positions after rolls. I don’t treat every little trade as a stand alone trade. Sometimes it’s many rolls and adjustments but always related back to the original position until the whole enchilada is closed.
Here’s how I do it but I’m always looking for something easier. Mine can be a little time consuming if I’m very active but that’s pretty rare (and I enjoy this part anyway). It’s basically doing the calculations long hand and typing into a text file…(always backed up on two computers). This layout has evolved over the years for various types of positions but here’s the basic strangle sale with an adjustment (actual numbers if that’s ok).
Original trade:
Sold EWZ DEC 15 2017 40.0/45.0 Strangles @ 1.55
Entered in my text file:
EWZ + 559.90 (5 Dec 40 Puts @ 1.12) Dec 15 monthly
EWZ + 204.90 (5 Dec 45 Calls @ .43) Dec 15 monthly
Adjustment:
Rolled EWZ DEC 15 2017 45.0 Calls to DEC 15 2017 42.5 Calls @ .53 credit
Modified entry in my text file reflecting premium received for call roll and new strike:
EWZ + 559.90 (5 Dec 40 Puts @ 1.12) Dec 15 monthly
EWZ + 459.70 (5 Dec 42.50 Calls @ .96) Dec 15 monthly
This keeps a running total of exactly where the trade stands at any time. Dollars rounded to nearest nickel after commissions and premium received actual amount to the penny.
Am I too anal? LOL open to ideas. It’s a shame a platform can’t track these any better!
Expired MA EArnings Trade Short Puts MZOR IC BIDU (Looks Cryptic)
#optionsexpiration
$SPX 2460/2485 BUPS
#earnings Joined @jeffcp66
$MA STO 11/3 148/150 BUPS @ 1.00
#shortputs
$MZOR STO 11/17 60 put @ 3.50
#ironcondor
$BIDU STO 12/15 210/220/270/260 IC @ 2.90
Hope we are all treated well on Halloween.
SVXY #Shortputs Afternoon all. Love…
SVXY #Shortputs Afternoon all. Love the pumpkin graph and the spooky theme. Anywho. Sold to open Nov 24th 80 Puts with SVXY at 106.05 just before the midmorn swoon. Impeccable time. Not. Went and hid in the barn for the rest of the day.
Market
I hope we get more downside in the next 30 minutes.
RH roll again
#Earnings #ShortStrangles #Rolling Will some one tame this beast!?! This is my fourth roll.
BTC $RH Nov 17th 70/95 strangles for 6.95. Sold for 4.97 on Oct 16th.
STO $RH Dec 1st 85/95 strangles for 7.25.
History: Sep 8th 36/64.5 on 9/5
Rolled to: Oct 20th 65/75 on 9/7
Rolled to: Oct 27th 72/80 on Oct 5th
Rolled to: Nov 17th 75/90 on Oct 16th.
Original trade sold for 1.10, now up to 2.01 total credit.
Request of $SPX $DJI $NDX etc…
Would you stay down into the close this time please?
That is all.
Closing more DRIP
I have GTC orders for .05 on my remaining positions. This one got filled today.
Bought to close $DRIP Dec 15 40 call @ .05. Sold for 2.80 on 7/5.
SPX trades
#SPXcampaign $SPX Today, in chronological order:
(Friday after close) BTC #ITMroll Nov 6th 2520/2545 call spreads for 23.50. Sold for 22.10 last Monday.
Today:
BTC Nov 1st 2540/2515 put spreads for .35. Sold Oct 18th for 2.70.
BTC #ITMroll Nov 6th 2525/2550 call spreads for 23.20. Sold for 22.25 on Oct 20th.
Sold Nov 13th 2570/2595 call spreads and 2590/2565 put spreads for 23.00 total, as an #InverseCondor to roll one of the Nov 6th #ITMroll call spreads stopped above. This gives me a much higher call spread strike. One of these two will be rolled next Monday, or both if they are both ITM.
BTC Nov 10th 2460/2435 put spreads for .32. Sold for 1.45 on Oct 9th.
Sold Dec 1st 2480/2455 put spreads for 1.47.
(the above 2 were done together as one trade, which seemed to “trick” my broker into a better margin outcome that they were showing had I done them separately)
BTC Nov 10th 2600/2625 call spreads for 1.95. Sold for 1.68 in early October. This is a double position so I’m doing a #ReverseRoll on half since it got close to my stop level on Friday.
Sold Nov 8th 2540/2515 put spreads for 2.00 as a #ReverseRoll
Still waiting to sell another #ITMroll, hopefully during a rally into the close. My news alerts said that today’s drop was due to word that corporate tax cuts may come in phases. If that’s really the reason, sounds like another dip to buy.
EWZ
#ShortStrangles – Rolled EWZ DEC 15 2017 45.0 Calls to DEC 15 2017 42.5 Calls @ .53 credit
Position now 40/42.5 Strangles @ 2.08
H & S ??
Not a big chart guy….is this a head and shoulders top? Breaking support at the shoulder line?
$SVXY
STO Nov 3 $85 puts @ $.33
#SPXcampaign Jeff, Wondering have you…
Jeff, Wondering have you rolled any of the $SPX spreads with this slight pull back? I closed too early this AM and now waiting for a spike to roll.
MA earnings
#Earnings Sold $MA Nov 3rd 150/148 put spreads for 1.00. 1:1 risk/reward for ATM spread… bullish trade. Biggest UP move: 9.4%, Biggest DOWN move: -2.7%, Average move: 2.6%. Stock needs to end the week above 150 for full profit.
AVGO
#ShortStrangles – Nice pop out of the daily squeeze. Looking at Dec 240/300 @ 5.50…
Whaddya think?
#earnings GOOGL Closed Nov. 17…
#earnings GOOGL
Closed Nov. 17 #ironcondor for 1.72, sold for 1.86 last week, short call was 1020, stock at 1029, playing safe
NVDA
#Earnings – They don’t report until next week and I had already sold a partial put position at the 180 strike but never got a chance to add. To get the rest of the position on I’m going with a super bullish position but protection if she implodes.
Sold NVDA NOV 10 2017 210.0/200.0 Bull Put Spread @ 5.25
Scenarios:
1. NVDA rallies then yay!
2. NVDA drifts on up into the announcement might book it early.
3. NVDA implodes I book the long put and take stock at a decent basis to sell covered calls.
$CMG #ShortPuts #Speculation – Sold…
$CMG #ShortPuts #Speculation – Sold 1 CMG NOV 3 2017 260.0 Put @ 1.45 with the stock at 270.0.
Expires Friday although I would like to cover it before then at a nickel.
FFIV
#ShortStrangles – Had so much fun with this over earnings gonna try to squeeze a little more out of it.
Sold FFIV NOV 17 2017 115.0/127.0 Strangles @ 1.45
@jeffcp66 Hey Jeff, love the…
Hey Jeff, love the background theme.
$UVXY #ShortCalls – Bought to…
$UVXY #ShortCalls – Bought to close my last UVXY Dec 15 2017 65.0 Call @ 0.33.
Sold this one at the top of the last REAL volatility spike on 08/10/17 at 13.60
And to think I was selling December strike 91 calls just last week @ 0.75.
SHOP earnings
#Earnings Sold to Open $SHOP Nov 3rd 100/125 strangles for 3.30. A bullish leaning trade. Over last 12 quarters, Biggest UP move: 13.0%, Biggest DOWN move: -3.7%, Average move: 7.8%. My strikes are -7.0% and +16.3% OTM.
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT NOV 3 2017 30.5 Calls @ 0.51.
At the same time Sold DUST NOV 3 2017 25.5 Puts @ 0.35
$UVXY
Made a couple of small trades at the open
STO Nov 3 $18 calls @ $.45
STO Nov 10 $25 calls @ $.35
Notable Earnings After Close Mon/Before Open Tues:
ACOR, ADM, AEIS, AET, AGCO, AHH, AKS, ALSN, AMKR, AMT, ARCH, ARE, ARRY, AVB, BCC, BKU, BP, BPMC, BPOP, BRX, CBI, CDK, CG, CGNX, CHGG, CLDT, CMI, CMP, CNHI, CNX, CONE, CRAY, DBD, ECL, EIGI, EIX, ETN, EVRI, EXAC, EXAS, FET, FIS, GEO, GGP, GOV, GWR, HCA, HLIT, HRS, HZO, IDTI, IDXX, IIVI, INCY, INN, INST, IPGP, IRT, K, KBR, LL, LXU, MA, MAC, MDCA, MDLZ, MOS, MSM, MTGE, NBL, NR, OHI, OLN, OSK, PEG, PFE, RCII, RE, SABR, SANM, SBAC, SERV, SF, SHO, SHOO, SHOP, SNE, SQNS, STRL, TBI, TREX, TXRH, TYPE, UAA, UDR, UIS, VNO, WCG, WLH, XYL
http://bit.ly/2zgMbHJ
Notable Earnings After Close Tues/Before Open Wed:
AFG, AGIO, AGN, ALE, AMRN, APAM, APC, APO, AVA, BBG, BBOX, BDC, BG, BGFV, BGS, CBT, CDW, CHKP, CHRW, CLH, CLX, COMM, COTV, CRTO, CTSH, CVRR, CXO, DDD, DNOW, DVN, DX, EA, EAT, EE, EL, EMES, ENLC, ENLK, ESRT, EVHC, FISV, FORM, FSP, FTR, GNRC, GPT, GRMN, GRPN, HCLP, HFC, HMC, HYH, ICPT, INGR, INXN, IPHI, ITG, KAR, MASI, MD, MDR, MMYT, MNTA, MOBL, MOD, NFX, NI, NVMI, NYT, OKE, OMI, PAYC, PBI, PPL, PZZA, QLYS, RDC, REXR, RGR, RNR, RPAI, RPT, SB, SBGI, SCMP, SENS, SO, SODA, SPAR, SPR, STE, TAP, TEL, TEX, TMHC, TRI, TX, UAN, VOYA, VRSK, WES, WEX, WFT, WGP, WNC, WR, WTR, X, ZAGG, ZBH
http://bit.ly/2zi1kbM
Notable Earnings After Close Wed/Before Open Thurs:
ABC, ACIW, ACXM, ADNT, ADP, AER, AES, ALL, AMAG, AMCX, AME, AN, ANSS, APA, APRN, AR, ARCC, AREX, ARI, AROC, ARRS, ARW, AVP, AWK, BABA, BCE, BDX, BGC, BIOS, BLDP, BLL, BOJA, BTE, BXP, CAKE, CAVM, CBPO, CF, CHD, CHK, CHSP, CI, CIM, CLVS, CNAT, CNQ, CNSL, CRK, CTRP, CVE, CWST, CYBR, CYH, CZR, DDR, DLPH, DWDP, DXCM, EEP, EGOV, ENB, EPD, EQIX, ERII, ES, ESIO, ETM, EXC, EXEL, EXR, FB, FEYE, FI, FIT, FLS, FLT, FMSA, FOE, FOXF, FRAC, FRT, GCI, GCP, GERN, GIL, GLOG, GLUU, GNMK, GOGO, GPOR, GPRE, GPRO, GXP, H, HABT, HBI, HBM, HCP, HE, HGV, HIIQ, HMHC, HOS, HPP, HR, HRTG, HST, HUBS, ICE, INAP, INOV, INSY, IRWD, IT, ITT, JUNO, KEM, KHC, KMT, KTWO, LDOS, LIVN, LNC, LOXO, LPI, LPSN, LQ, LSI, MDC, MDU, MET, MFA, MITL, MLM, MMP, MPW, MRO, MSCI, MSGN, MUR, MUSA, MVIS, MWA, NBIX, NLY, NMIH, NNN, NRG, NSM, NUS, NWE, NWL, NYLD, OA, OCLR, OCN, OGE, OMAM, OMF, ORBC, OSUR, OXY, OZM, PAH, PBF, PBH, PCG, PDM, PEI, PGNX, PGTI, PH, PI, PRU, PUMP, PXD, QCOM, QDEL, QRVO, QUOT, RACE, RDS.A, REG, RGLD, RIG, RL, RXN, RYAM, RYN, SAGE, SEP, SFM, SGMS, SHAK, SNSS, SNY, SPWR, SRC, STOR, SYMC, TCAP, TCO, TDC, TDOC, TEVA, THS, TPX, TS, TSLA, TTMI, TUES, TVPT, UNT, VIAV, VMC, W, WLTW, WMB, WMGI, WMS, WPX, WRK, WSR, WTI, XPO, YELP, YUM, ZEN, ZTS
http://bit.ly/2iJEwKM
Notable Earnings After Close Thurs/Before Open Fri:
AAPL, ACET, ACIA, ACLS, ADMS, AEE, AGO, AHT, AIG, AINV, AIZ, AKR, AMH, AMN, ANET, ARCB, ATGE, ATVI, AXL, BID, BKH, BLMN, BOOT, BPL, BRKR, CARA, CARB, CATM, CBG, CBL, CBS, CC, CCS, CDR, CERS, CHUY, CLNE, CNK, CNP, COHU, CORT, CPST, CRUS, CTRL, CYRX, DATA, DCT, DOC, DUK, EBS, ECPG, EOG, EPAY, ERI, EVC, EVH, EYES, FCPT, FLDM, FLR, FND, FNGN, GNW, GSAT, GTE, HDP, HLF, HMSY, HRC, HTGC, IMGN, JCOM, KEYW, KTOS, KW, LADR, LNT, LNTH, LOCO, LYV, MCO, MDRX, MELI, MOH, MRC, MSI, MTZ, MYOK, NE, NFG, NSTG, NYMT, OEC, OLED, OTEX, OVAS, P, PACB, PBA, PBPB, PDLI, PETX, PK, PKI, PMT, PNW, PODD, PTCT, RDUS, RICE, RLGY, RMP, RP, RSG, RUBI, SBUX, SEM, SHLX, SJI, SM, SN, SNR, SPPI, SRG, SSP, STAG, STMP, SWIR, TIVO, TNET, TRQ, TSE, UNIT, UNVR, USCR, VECO, VRNS, VST, VVC, WIFI, WING, WPC, WU, XPER, XRAY, YRCW
Econ Calendar for week of 10/30/17
Click “Home/REFRESH” for your Halloween update of Bistro features.
$WBA #ShortPuts #FallingKnife – Sold…
$WBA #ShortPuts #FallingKnife – Sold 1 WBA Dec 15 2017 62.5 Put @ 1.94
$CVS #ShortPuts #FallingKnife – Sold…
$CVS #ShortPuts #FallingKnife – Sold 1 CVS Nov 10 2017 67.5 Put @ 1.80.
Short turnaround time if the stock stabilizes
Expiration/Closed Early/Trades
#optionsexpiration
Full Profit
$BIDU 210/220 BUPS
$FSLR 40/46 BUPS
$AMZN 990/1000 BUPS Part of Earnings IC The Call part more than offset this gain
$AMZN 927.50/937.50 BUPS
$EXAS 49.50 put
$NSC 130 put Earnings trade Thank you @jeffcp66 aka “Jeff of all trades”
Full Loss
$CMG 290/300 BUPS Earnings Indigestion
$AMZN 1010/1000 BECS Offset above mentioned IC partner IC Loss of 75 per contract
Losses Closed Early If three minutes until close is early
$PCLN 1885/1905 BUPS STO @ 2.80 BTC @ 14.92 Tried to close yesterday when I noticed $EXPE had earnings yesterday. Instead of market order I tried to be cute. I am not cute. Lesson learned. Hopefully lesson will be remembered.
$PCLN 1890/1895 BUPS STO @ 2.07 BTC @ 3.50 Impetuous day trade AKA Dumb Move
#spxcampaign
Closed early
$SPX 11/8 2555/2580 BUPS @ 28% profit Gun Shy No Patience Thank you @jeffcp66
Trades
#longcalls
$WYNN BTO 1/19/2018 140/155 BUCS @ 5.82
#shortputs
$WYNN STO 11/17 135/145 BUPS @ 3.05
#shortcalls
$KEM STO 11/17 26 call @.95 Covered
$NFLX STO 11/03 200 call @ 1.98 Covered
#spxcampaign
$SPX STO 11/10 2590/2565 BECS @ 12.55 Thank you @jeffcp66
Have a great weekend. I am resting. OPEX is exhausting sometimes.
Thanks to everyone for being so helpful.
OptionsExpiration
$UVXY $17 calls
$UVXY $25 calls
Had a fun week.
#OptionsExpiration #Weeklys #Oct27 – a…
#OptionsExpiration #Weeklys #Oct27 – a busier week than expected because of the mid-week spike in Volatility.
Most positions were rolled or expired except for a couple of #Gold related assignments.
— Expirations —
NSC (Weekly) Oct 27 2017 125 Puts – earnings play
NUGT (Weekly) Oct 27 2017 25 Puts
SVXY (Weekly) Oct 27 2017 90 Puts
UVXY (Weekly) Oct 27 2017 20.0 Calls (Covered)
UVXY (Weekly) Oct 27 2017 20.5 Calls
UVXY (Weekly) Oct 27 2017 21.0 Calls
UVXY (Weekly) Oct 27 2017 21.5 Calls
UVXY (Weekly) Oct 27 2017 22.0 Calls
UVXY (Weekly) Oct 27 2017 22.5 Calls
–Assignments —
DUST (Weekly) Oct 27 2017 26.5 Calls (Covered) – out of this lot at a gain
NUGT (Weekly) Oct 27 2017 30 Puts – Adding some long stock and will sell covered calls
#vxxgame Closed down the SVXY…
Closed down the SVXY experiment. The 78 call was so far ITM that I could not roll it effectively without going way out in time. I was hoping for a bigger pull back to roll it up but we just had the one down day.
Anyway, it is successful to go synthetic long with disaster protection but in the future I will not cap the gains by selling a short term call against it.
Even so, profit of $8836 on 4 contracts since since the last big vol. spike on 8/17/17. So 100% return in what 11 or 12 weeks. Initial cost was $8352 averaged, there were 2 lots of trades.
So I think we are on to something here!! Go synthetic long on a big volatility spike. Buy a Leap put for disaster protection then let it ride. If I had not sold the short term calls profit was almost $15k.
$UVXY #CoveredCalls #Rollup – all…
$UVXY #CoveredCalls #Rollup – all the premium is gone from this weeks calls –
Bought to close UVXY Oct 27 2017 18.0 Calls/Sold UVXY Nov 3 2017 19.0 Calls @ 0.34 Credit
AAOI using some strength
To thin the herd a bit before upcoming earnings.
Bought to close $AAOI Nov 30 puts @ .66. Sold for 1.20 on 9/20.
$CELG #ShortPuts #FallingKnife – Sold…
$CELG #ShortPuts #FallingKnife – Sold 1 CELG Jun 15 2018 65.0 Put @ 1.30 with the stock at 95.90
#spxcampaign Sold to open Nov…
#spxcampaign Sold to open Nov 17th 2500/2475 BuPS for 1.25 with SPX @ 2581.29 Late on getting this one in. Maybe should have waited until Monday.
I have nothing for expiration. Catch you Monday Have a great weekend.
$UVXY #ShortPuts #Rolldown – rolled…
$UVXY #ShortPuts #Rolldown – rolled a smallish put sale down a couple of points while taking a small gain on the original position.
Bought to close UVXY Oct 27 2017 16.0 Puts/Sold UVXY Nov 10 2017 14.0 Puts @ 0.06 Credit
$NOV #ShortPuts – Bought to…
$NOV #ShortPuts – Bought to close NOV Nov 17 2017 28.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.21 as a #FallingKnife trade.
FB covered call
#CoveredCallCampaign BTC $FB Oct 27th 177.5 covered call for .15 to avoid possible assignment. Sold for 1.35 on Oct 6th. Now into earnings. Carrying stock and selling calls against it. This one was so low for so many days that I almost forgot about it.
rolls, expirations, etc.
Expiring WDC 85 puts and 82 puts across several accounts. The 85 had been rolled for a few weeks so will free up a lot of margin.
EOG btc 11/3 and 11/10 puts for 0.57 and 0.60. Sold for 1.05 and 1.01. This was to open more margin. Will be taking delivery of GILD if it does not rebound next week and wanted a little extra cushion.
SWKS btc 11/17 98 puts at 1.15, sold for 1.3. Mostly to open more margin. By the end of the day it was down to 0.6, should have waited.
WDC rolled 85 and 86 calls to next week for 1, 1.09, 0.95 and 0.92 over various accounts. Was going to let them get called out but with the pullback can keep the atm spitting out free $. WDC is now my best ticker for the year. Surpassed TSO and XBI a few weeks ago.
Rolled WDC 82 puts to next week 84.5 for 0.88 credit.
SVXY a bunch expiring this week, all were 80 or lower strikes.
That leaves me short GILD puts at 77.5, 78 and 79. It is rebounding now but the math says I can break even quicker by taking the stock and converting to CC than trying to roll the puts. Current prices show a call side skew, very slight but I can be closer to the money and bring in more premium instead of rolling the puts for 0.25 or lower. 3-4 weeks out ATM about $2.
Great trading week, new record for most income in a month trading over the last 4 weeks. Hopefully we keep some volatility the rest of the year.
Have a good weekend!
Guess I would need 20 more positions to equal an @optioniceman expiration…….
$AKAM #ShortPuts – Bought to…
$AKAM #ShortPuts – Bought to close AKAM Nov 17 2017 40.0 Puts @ 0.01. They won’t trade any lower.
Sold in May 2017 at 1.22 as a #FallingKnife trade.
SVXY roll
#VXXGame #StrangleRoll
BTC $SVXY March 104 call for 18.40.
STO $SVXY March 85/122 strangle for 19.35
Also, earlier, sold $VXX Nov 17th 38 put for 4.00.
SPX another reverse roll
#spxcampaign
Closed $SPX Nov 8th 2585/2610 call spreads for 7.45. Sold for 3.50 on Wednesday.
Sold Nov 8th 2580/2560 put spreads for 6.15.
Also:
Sold Nov 24th 2625/2650 call spreads for 1.75.
Have a nice weekend
I have no expirations so I am signing off for the rest of the day. Good luck to everyone and I will be back on Monday.
CVS
STO May 50 puts @.65 with the stock at 69.17
VIX Indicator
#VIXIndicator… the Upside Warning never got canceled during this week’s volatility, and it’s coming through again now. A VIX close below 9.98 would be a new confirmation of the Up warning (as if we can’t just look at another all-time high to know that already).
REGN
#CoveredCalls – Booking this one since the next one was already sold…
Bought to Close REGN NOV 3 2017 437.5 Call @ .30 (sold for 4.50)
AMZN
#Earnings – Closed iron flies to avoid exercise fees and taking .78 loss…
Bought to Close AMZN OCT 27 2017 990.0/1000.0/1010.0 Iron Flies @ 10.03 (sold for 9.25)
GILD
STO February 65 put @1.55
$VIX dropping as expected, but…
$VIX dropping as expected, but /VX holding a bid so $UVXY and $SVXY not moving as much as you might expect.
WYNN
#ShortStrangles – Just for simplicity and to keep the theta up a little rolling ITM short puts out to where the 130 short calls are sitting.
Rolled WYNN NOV 3 2017 152.5 Puts to NOV 17 2017 152.5 Puts @ .97 credit.
Position is now 152.5/130 inverted strangles @ 19.95. Leaning towards taking the stock at a basis of 132.55 and rolling the 130 calls up and out. Turning it into a covered call play…
REGN
#CoveredCalls -Trailing stop on next week’s so going ahead and selling earnings now since stock looks weak…
Sold REGN NOV 10 2017 425.0 Call @ 6.50
AMZN
#LongCallDiagonals – Rolling the front month…unfortunately. Talk about capping your gains… 😦
Rolled AMZN OCT 27 2017 990.0 Call to DEC 15 2017 1000.0 Call @ 1.29 credit.
Picking up another 11.29 of upside. I guess the short call can be treated as a trailing stop now. Probably able to roll it up 10 points a month for close to even. If AMZN levels off hopefully I can catch up to it eventually.
SPX reverse roll
#SPXcampaign Soon after the open, closed $SPX Oct 31st 2575/2600 call spreads for 3.50. Sold for 3.05 on Wednesday.
Sold to open Oct 31st 2565/2540 put spreads for 3.70.
Also, in pre-market, closed on GTC order: Nov 3rd 2480/2455 put spreads for .40. Sold for 1.55 on Oct 6th.
$GILD #ShortPuts #FallingKnife – Sold…
$GILD #ShortPuts #FallingKnife – Sold 1 GILD FEB 16 2018 65.0 Put @ 1.57
$NUGT #ShortPuts – adding a…
$NUGT #ShortPuts – adding a few speculative positions with the stock at 28.52.
Sold NUGT Nov 17 2017 25.5 Puts @ 0.61
Sold NUGT Dec 1 2017 24.0 Puts @ 0.64
HIMX
#LongCallDiagonals – Rolling the front month…
Rolled HIMX OCT 27 2017 10.0 Calls to NOV 10 2017 10.5 Calls @ .10 credit
Picking up another 60 cents of upside…
SPCX #spxcampaign Sold to open…
SPCX #spxcampaign Sold to open Nov 10th 2500/2475 BuPS for 1.30. with SPX at 2568.88
Options Bistro 