$UVXY #ShortCalls – Bought to close the next to last of my UVXY JAN 19 2018 65.0 Calls @ 1.74.
This one was sold on 08/10/17 @ 12.80.
A nice gain for an option trade.
Daily Archives: Wednesday, October 4, 2017
$LB #CoveredCalls – Sold LB…
$LB #CoveredCalls – Sold LB JAN 19 2018 50.0 Calls @ 1.25 early in the day.
$KHC #ShortPuts – Sold 1…
$KHC #ShortPuts – Sold 1 KHC JAN 19 2018 72.5 Put @ 1.40. A #FallingKnife trade.
Closed Early/Expired With Loss
#spxcampaign
$SPX 10/6 2460/2485 BUPS @ 98% profit
Expired With Loss
$SPX 2540/2515 BECS I must be quicker to get out. I’d write it a thousand times but I would be better served by doing it once.
$VRX #ShortPuts – Bought to…
$VRX #ShortPuts – Bought to close VRX Oct 20 2017 7.5. Puts @ 0.01. It won’t trade any lower.
#FallingKnife trade.
Sold on 04/05/2017 at 1.05, and again on 04/21/2017 at 1.35.
Excellent ROI on this low cost stock.
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close 1 EFX Oct 20 2017 75.0 Put @ 0.05. It won’t trade any lower.
Sold this not that long ago. #FallingKnife trade.
Sold on 09/13/2017 @ 1.20
$AYI #ShortPuts – Bought to…
$AYI #ShortPuts – Bought to close 1 AYI NOV 17 2017 120.0 Put @ 0.05. It won’t trade any lower and this is a high priced stock with over 6 weeks left until expiration.
Sold on 05/12/2017 at 1.80
#spxcampaign btc short side for…
btc short side for .15
of 2 day on and off ,10/04/2017.. 2540/2550 had sold spx for .55
Market
I can’t take this anymore. It is too boring so I am going to the gym early. See you tomorrow.
SPY hedge
#RocketManHedge – Been thinking about this for awhile. Having a great year with account at all time highs. Don’t really want anything crazy to mess up a good year so I’ve been looking at some hedges out towards end of year. Looked at SPX, /ES, VIX, and SPY.
Finally decided on SPY with a synthetic short with defined risk to the upside and protection all the way to zero. It was then just a matter of how much insurance to get. I’m already hedged on a lot of my stuff but there is still some risk there if Rocket Man pulls anything crazy.
Here’s the details:
Sell to Open 2 SPY DEC 15 2017 253.0 Calls @ 4.28
Buy to Open 2 SPY DEC 15 2017 253.0 Puts @ 4.24
Then to cap upside risk:
Buy to Open SPY DEC 15 2017 254.0 Calls @ 3.65
Cost of trade $722 with max loss of $922
Max gain of $49,878 (protection to zero)
Breakeven of SPY 249.39
Questions, comments, criticisms always welcome!
Closing Oct MYL
Bought to close $MYL Oct 20 32.50 puts @ .04. Sold for 1.10 on 4/3.
AVGO
#ShortStrangles – Haven’t been in this one in awhile…selling well before earnings.
Sold AVGO NOV 10 2017 225.0/260.0 Strangle @ 4.45
TSLA
#ShortStrangles – Some “expert” gave it a $500 price target this morning so it’s breaking above the 50ma. Rolling my entire strangle up to slightly in the money.
Rolled Oct 20th 345/355 Short Strangle to Oct 20th 360/365 Strangle @ 1.50 credit.
Total premium received is now 15.90 so new breakeven is 344.1 – 380.9
$DVN #ShortPuts – Bought to…
$DVN #ShortPuts – Bought to close DVN OCT 20 2017 29.0 Puts @ 0.01
$ESRX #ShortPuts – Bought to…
$ESRX #ShortPuts – Bought to close ESRX OCT 20 2017 52.5 Put @ 0.01.
Sold on 05/11/17 at 1.36
$RL #ShortPuts – Bought to…
$RL #ShortPuts – Bought to close RL JAN 19 2018 50.0 Put @ 0.05. Doesn’t expire until next year.
Sold on 05/16/17 at 1.30.
$SWKS #ShortPuts – Bought to…
$SWKS #ShortPuts – Bought to close 1 SWKS NOV 17 2017 70.0 Put @ 0.05.
Sold on 06/29/2017 at 1.15
$VFC #ShortPuts – Bought to…
$VFC #ShortPuts – Bought to close 1 VFC NOV 17 2017 47.5 Put @ 0.05.
Sold on 05/17/17 at 1.16
$AYI #ShortPuts – Bought to…
$AYI #ShortPuts – Bought to close 1 AYI NOV 17 2017 105.0 Put @ 0.05. It won’t trade any lower and this is a high priced stock with over 6 weeks left until expiration.
Originally sold on 05/26/2017 @ 1.10 as a #Fallingknife trade.
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Are you coming this weekend?
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I’ll be in New York this weekend for our annual picnic in Central Park. We missed last year, but are back on track for Saturday. I’m looking forward to hanging out with anyone who wants to stop by. I’ve known several of our members for more than 10 years, so it will be nice to get together with some old friends.
Meanwhile, I’ll see you in the forum.
–Dan
$MYL #CoveredCalls – Sold MYL…
$MYL #CoveredCalls – Sold MYL APR 20 2018 42.5 Calls @ 1.79 after the big gap opening.
Options Bistro 