#shortputs
$WDC STO 11/17 85 puts @ 1.60 Thank you @fuzzballl
#earlyassignment
$T 10/27 35 put Basis 34.45
#spxcampaign
$SPX STO 11/8 2555/2580 BUPS @ 10.50 Thank you @jeffcp66
#shortcalls
Closed Early
$BA BTC 11/17 280/270 BECS @ 55% profit
Daily Archives: Thursday, October 26, 2017
$DUST #CoveredCalls – using more…
$DUST #CoveredCalls – using more strength in DUST to roll my covered calls up for a credit.
Bought to close DUST Oct 27 2017 27.5 Calls/Sold DUST Nov 3 2017 28.5 Calls @ 0.20 Credit.
I made a bit on this weeks’s calls and bumped my exit price by 1.20.
$NUGT #ShortCalls – Bought to…
$NUGT #ShortCalls – Bought to close 1 NUGT Nov 17 2017 60.0 Call @ 0.01.
Originally sold on 08/31/2017 at 1.45.
$COP #ShortPuts – Bought to…
$COP #ShortPuts – Bought to close 1 COP NOV 17 2017 40.0 Put @ 0.01.
Originally sold on 04/21/2017 @ 1.21
VIX Indicator has been updated
Click “Home/REFRESH” to update right-column features. The VIX managed to eke out a gain on the day, keeping the uptrend in tact.
$HES #ShortPuts #FallingKnife – Sold…
$HES #ShortPuts #FallingKnife – Sold 1 HES MAY 18 2018 32.5 Put @ 1.15
UVXY
Based on the good after hours earnings, I’m taking a shot.
STO UVXY Oct 27 $17 calls @ $0.52 expire tomorrow.
VXX game
#VXXGame My #LongPutDiagonals have my account leaning short volatility. This means it costs me to sell volatility, but credits me to buy it. I cleared a couple short positions to preserve powder for more spikes:
BTC $SVXY Dec 15th 47.5 put for .89. Sold in May as part of a strangle for 12.90, pre-split.
BTC $UVXY Dec 15th 91 call for .39. Sold yesterday for .725
AMZN double beat
Amazon (NASDAQ:AMZN): Q3 EPS of $0.52 beats by $0.49.
Revenue of $43.74B (+33.7% Y/Y) beats by $1.6B.
Stock hitting 1050 in the a/h.
SPX trades
#SPXcampaign Compared to yesterday, quiet day. I rolled a couple of call spreads that I closed yesterday. I am now short term bearish but not hugely so.
Sold Nov 10th 2565/2590 call spreads for 10.80
Sold Nov 10th 2535/2560 call spreads for 18.90
Closed Nov 8th 2560/2535 put spreads for 6.10. Sold yesterday for 7.45.
Adding ALXN
Sold $ALXN May 18 2018 90 put @ 1.90
I’m also short Jan 85 and 60 puts.
AGNC
#FallingKnife – Good divvy down here…no position
WDC earnings
#Earnings – Not really seeing anything for tomorrow that I like so letting out the leash a little. These should have a little bit of volatility collapse anyway. Selling down around the 200 ma.
Sold WDC NOV 17 2017 85.0 Puts @ 1.55
AAOI
#CoveredCalls – Got a breakeven stop set on next week’s so selling earnings week too. Big risk here is a buyout and the stock spikes to 100…
Sold AAOI NOV 10 2017 44.0 Calls @ 1.10
#earnings GOOGL Nov. 17 IC…
#earnings GOOGL
Nov. 17 IC followed from TT 967.50/970/1020/1022.50 for 1.86. His trade was for tomorrow, I’ll be driving all day, try not to trade from my phone at 80 mph heh heh
UVXY interesting trade made today….
UVXY interesting trade made today. Someone bought 1250 Jan’18 $10 puts @ $0.82.
Corn futures?
#Futures – I must be bored but corn ( /ZC ) sure looks like it’s ready to go higher. Pretty tight daily squeeze after a big drop.
EXR
Another storage stock not very well liked today
STO June 65 puts @ 2.15 with the stock at 76.78
STO June 60 puts @ 1.35 also
ORLY up now
Helluva intraday reversal. After opening down over 12 points, at 190, it’s now around 209, with a bullish candle that is engulfing the last 3 trading days. I’m still short 220 puts in Nov from a rollout which are underwater but looking quite a bit better than a couple of hours ago.
GWW put hedge
Sold $GWW Nov 17 185 puts @ 2.00, against the short Nov 17 200 calls I’m holding that have gone back in the money with the stock looking strong again today.
PSA
STO June 150 put @1.75 on 1 contract. Hat tip to Fuzzball for the idea.
PSA
#ShortPuts #IRA – Sold PSA JUN 15 2018 160.0 Put @ 2.50
This would get the stock at 157.50 raising the divvy yield to 5.1%
DIS Whiz style
#SyntheticStock #IRA – 2020 LEAPS out so plenty of time to sell the crap out of this one. Earnings in a couple weeks so some good premium to get started with…
Synthetic stock in Jan 2020 for .58 credit:
Sold DIS JAN 17 2020 100.0 Puts @ 11.65
Bought DIS JAN 17 2020 100.0 Calls @ 11.07
Applying the .58 credit to help buy the disaster puts:
Bought DIS JAN 17 2020 90.0 Puts @ 7.18
In the 2020 position for 6.60 debit. Disaster puts are 10 points under the synthetic so max risk in the entire trade is 16.60. Should easily sell 4 to 5 times that much in front month weeklies if DIS goes nowhere and the trade runs the full 116 weeks. That works out to only needing to sell 14 cents a week to cover max loss.
So:
Sold DIS NOV 3 2017 99.5 Calls @ .36
#Earnings BIDU – puts at…
BIDU – puts at the expected move still 2.40
EXPE – decent premium
WDC – Up on the back of STX rally
Leaning towards WDC strangles of some sort…
No soup for you!
#OffTopic I follow simpleroptions.com and use the name “Optionsbistro-Jeff” in their chat room. When they answer my questions they usually say “Jeff.” Earlier this week John Carter mentioned “Options Bistro” when answering my question. The next day, I could no longer enter the word “bistro” as any part of my name. They’re a bit territorial over there, I guess!
SPX puts closed
#SPXcampaign Bought to closed $SPX Oct 27t 2525/2500 put spreads for .25. Sold for 1.45 on Oct 16th. These got up to 2.50 yesterday. Wanted to sell more but missed fill attempts before the bounce.
NSC earnings
#Earnings #ShortPuts BTC $NSC Oct 27th 130 puts for .35, near the open. Sold for 1.10 on Monday. After a day on the hole I’m clearing this one off early, mainly to release margin.
AMZN earnings
#Earnings The 30-point ATM #IronButterfly is going for about 25.00 right now (940/970/1000). That would allow a 2.6% move for breakeven. Here are its one day moves last 12 quarters. Quieter lately as stock price has gotten much higher.
July 27, 2017 AC -2.48%
April 27, 2017 AC 0.71%
Feb. 2, 2017 AC -3.54%
Oct. 27, 2016 AC -5.13%
July 28, 2016 AC 0.82%
April 28, 2016 AC 9.56%
Jan. 28, 2016 AC -7.60%
Oct. 22, 2015 AC 6.22%
July 23, 2015 AC 9.79%
April 23, 2015 AC 14.13%
Jan. 29, 2015 AC 13.71%
Oct. 23, 2014 AC -8.34%
WHR
STO April 125 put @1.95
Hat tip to Iceman
What do y’all think of…
What do y’all think of a GOOGL Iron Fly- 1000/980/1000/1020 Nov 3rd – 18.00 credit
PSA
#FallingKnife with nice divvy…
FFIV earnings
#Earnings #ShortStrangles – Decent earnings season so far…sold 11 minutes before the close and closed 3 minutes after the open. My kind of trade!
Bought to Close FFIV OCT 27 2017 115.0/130.0 Strangles @ .10 (sold for 2.40)
🙂 🙂
CELG-On the big move down this morning
Sold:
$CELG Dec 15 90 puts @ 2.00
$CELG Apr 20 75 puts @ 1.55
Good Morning
It looks like CELG is getting crushed again.
Options Bistro 