Expired
#SPX Campaign
$SPX 2500/2475 BECS @ 2.35 loss
Closed Early
$FLR BTC 10/20 42.5 put @ .30 (GTC order) STO 5/5 @ 1.45 Thank you @ramie77
$T BTC 10/20 35 put @ .05 STO 9/8 @ .75 Again Thank you @ramie77
$WYNN BTC 10/20 135/145 BUPS @ 1.00 58% profit (Last week was a losing position.) Getting skittish TTMAR!
#spxcampaign
$SPX STO 10/27 2575/2550 BECS @ 12.50
$SPX STO 10/23 2530/2555 BUPS @ 4.70
$SPX STO 10/25 2525/2500 BECS @ 23.50
#SPXcampaign
Closed $SPX Oct 23rd 2485/2510 call spreads for 24.45. Sold for 23.05 last Monday.
#ITMroll Sold Oct 30th 2500/2525 call spreads for 23.40.
Stopped SPX Nov 3rd 2575/2600 call spreads for 4.75. Originally sold for 1.65.
Rolled to a Split-Week Condor (a name I just made up):
Sold Oct 23rd 2565/2590 call spreads for 3.70
Sold Oct 30th 2525/2500 put spreads for 1.45
Continuing to adjust the position. Rolled $NVDA Oct 20 185 puts up to 195 for 1.28 credit, with the stock now at 197.86. This is paired with 195 calls from the original trade (175/195 strangle) which expires on Friday. With rollups, I’ve taken in 4.17 in premium so breakevens are 190.83 and 199.17.
AAOI still tanked, however.
#Earnings Sold $GWW Oct 20th 180/185 call spreads; filled for 2.51 with an order for 2.50, so you can probably get more. 1:1 risk/reward with a very lousy history of earnings. Biggest UP move: 1.6%, Biggest DOWN move: -11.4%, Average move: 3.8%. Negative bias: -3.4%. Stock must move down 1% or more for this trade to retain max profit.
With most of the time value gone, I rolled my deep in the money $AAOI Oct 20 75 puts out to Nov 24 75 puts (weekly series) for 1.50.
This one is gonna be on the books for a while.
$PCG #ShortPuts #FallingKnife – Sold PCG Oct 20 2017 45.0 Puts @ 0.80 with the stock in freefall.
It finally hit the butcher block at 50.
$AAOI I elected to sell my small holding and take the hit after being assigned at 58. Out at 43.85. Probably should have waited for the end of the day.
$SPX #spxcampaign Covered up my Oct 31st BuPS with a Oct 31st 2600/2625 calls for 0.50 credit.
#Earnings $NFLX seems to be the new kickoff for earnings trades, since the banks last week are pretty dull options-wise. Since it rose so much last week, I’m not finding the greatest premium. I’m thinking of buying a bullish #CallButterfly, 210/220/230 for about 1.25. Low risk for a max 8.75 win, and bullish seems to be the only direction it knows. The other trade is to sell an ATM #IronButterfly 190/200/210 for about 8.15. Similar risk/reward if you think it won’t move much (which was the case last January and April). Here are the FIVE-DAY moves after earnings last 12 quarters:
Mon 07/17/2017 AC 16.59%
Mon 04/17/2017 AC -2.97%
Wed 01/18/2017 AC 3.09%
Mon 10/17/2016 AC 27.75%
Mon 07/18/2016 AC -13.07%
Mon 04/18/2016 AC -11.53%
Tue 01/19/2016 AC -6.64%
Wed 10/14/2015 AC -7.74%
Wed 07/15/2015 AC 12.65%
Wed 04/15/2015 AC 19.33%
Tue 01/20/2015 AC 25.41%
Wed 10/15/2014 AC -19.92%
#SPXcampaign Sold to Open $SPX Nov 16th 2610/2635 call spreads for 1.50. These are the monthly contracts, stop trading Thursday afternoon and settle Friday morning.
And AAOI tanking
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Another day and still no volatility.
Options Bistro 