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…….