#LongCallDiagonals – Taking advantage of high IV in earnings week and rolling my front month as high as I can for even. Weekly squeeze and looking like it’s ready to run…
Rolled AMZN OCT 20 2017 975.0 Call to AMZN OCT 27 2017 1000.0 Call @ .13 credit
Almost right back where the whole thing started but…front month premium received of 44.50 during the dip.
$UVXY #ShortPuts – probably a stunningly stupid trade –
Sold UVXY Oct 27 2017 16.0 Puts @ 0.61 with UVXY at 17.62 and VIX at 9.75
Bought to close $UVXY Dec 15 91 call @ .54. Sold for 7.40 on 8/17. I was on vacation at the time and was lucky to get some #VXXGame trades on during the last relatively decent volatility spike. I’ll try to plan my vacation better next time 🙂
What’s left are Nov 60 and 70 calls, Dec 37 calls (pre-split so 148 equivalent), then starting in January nothing lower than 82 strike. Definitely need to get some volatility but I know I’m preaching to the converted.
$DUST #CoveredCalls #Rollout – Another roll as the stock drops back toward the low of the day.
Bought to close DUST Oct 13 2017 27.5 Calls/Sold DUST Oct 27 2017 27.5 Calls @ 0.25 Credit.
Bought to close $NUGT1 (pre-split strike) Dec 15 19.00 calls @ .04. Sold for .85 on 5/17.
#FallingKnife – I’d say SBH is there and ULTA may not be far behind. More AMZN victims?
#ShortStrangles – Got a little wiggle in TLT on the Fed minutes and my standing order filled. Increasing position size slightly on this #PerpetualRollingStrangles position.
Sold TLT DEC 15 2017 121.0/129.0 Strangles @ 1.55
High accuracy options update. Finally watched the DVD. Did not learn anything new but Fishback has found that a 1.21815 standard deviation tends to have the best risk/reward ratio. For those that do not want to do the math that works out to 90% probability of being OTM at expiration on TOS.
This is only for indexes, not individual names. But trading SPY the last 12 months using the 90% OTM short strike then going 3-5 points out on the long with iron condors they had a 300% return on investment and only 1 or 2 loosing trades. I don’t think they adjusted them looking at the spreadsheet, if they had probably would have been 100% winners.
Next week some WDC cc expire/assign in a small account. I will set up a new experiment. SPY 21-28 DTE 1.2 STD deviation iron condors. Add a new cycle each week and let the worthless ones expire. Anything goes ITM will adjust and see what happens. The account only has 6k in it so will see if I can get the same results in a rolling year.
SVXY synthetic rolled the 10/27 78 call out to 11/17 for 1.35 credit. Cost basis now 9.62 and 14.70 depending on lot against original basis of 16.06 and 21.14. It went up too fast to roll the short call weekly.
Lesson learned, next spike will set up additional synthetics with disaster put but will not sell short term calls against it. Not trying to be greedy but had I left it synthetic would be up almost 10k on 4 contracts. By selling calls I have limited it to 8k so still a great return no doubt.
I will keep the experiment going until Jan 2019 but I think we can all see it works and there is such a directional bias with UVXY, XIV, VXX, SVXY probably better to set them up on a vol. spike then leave them alone or sell really far OTM like 30 or lower delta.
#ShortPuts #RollOut Rolled out Oct 20 70 @ .30 puts to Nov 17 70 puts @ 1.48 for 1.18 credit. Shares at 100.12
#SyntheticStock #IRA -For lack of anything better to do I’m putting on a cheap long shot that a buddy of mine has been talking about for awhile. It caught a downgrade this morning so pulling back enough for an entry.
Going synthetic long stock with the 2019 LEAPS and buying protection slightly below that. With the skew the initial position was only a .06 debit. Selling front month calls also a couple weeks out.
Bought to Open HIMX JAN 18 2019 10.0 Calls @ 2.49
Sold to Open HIMX JAN 18 2019 10.0 Puts @ 2.99
Bought to Open HIMX JAN 18 2019 5.0 Puts @ .56
That’s .06 out of pocket but still a 5 dollar downside risk if this thing goes to zero….(you never know)
Then:
Sold to Open HIMX OCT 27 2017 10.0 Calls @ .25
Capping my upside slightly but even if HIMX goes nowhere and the front months average .10 it’s still a nice winner by the end of the run…
$DUST #CoveredCalls #Rollup – not much premium for next week so I went out 2 weeks.
Bought to close DUST Oct 13 2017 27.0 Calls/Sold DUST Oct 27 2017 27.5 Calls @ 0.30 Credit/
Gained 1/2 point on the strike price along with the extra cash.
SVXY breached 100 anybody long?
http://tinyurl.com/ydxzj93h
Sorry, didn’t get to post yesterday out celebrating 36th wedding anniversary…woo, hoo!
#coveredcalls MET
Rolled Oct. 50 call to November for .36, following TradeWise
Is anyone out there?
#spxcampaign
sto after close call oct 11/2017,//2560/2570 @ .40
#FallingKnife – Sold 1 DGX May 18 2018 80.0 Put @ 2.20
There were a few more but they were less than 5 bucks so not interested. DGX seemed to have the most potential here.
$DGX (looks interesting)
$TTS
$TV
$WBA
$SVXY #Shortputs Sold 1 to open Nov 10 75 Put @ 1.65 with $SVXY at 98.30 Trying to tease a pull back.
#ShortPuts #IRA – Using @Iceman ‘s idea on K but using GIS since I’m a Cheerios fan. 🙂 🙂 This would be a long term hold if I get the stock…
Sold 2 GIS Apr 20 2018 47.5 Puts @ 1.62
In my IRA, STO December 37.5 puts @ .70
Sold to open, May 2018 60 puts @1.25
Hat tip to Iceman for the idea.
$SLV #ShortPuts #IRA – Bought to close SLV Dec 29 2017 13.0 Puts @ 0.01. They won’t trade any lower and they don’t expire until year-end.
Sold on 05/08/2017 @ 0.24
$WBA #ShortPuts #FallingKnife – Sold 1 WBA Apr 20 2018 60.0 Put @ 1.47 with the stock at 70.36.
#SPXcampaign In pre-market, closed on GTC order: $SPX Oct 11th 2515/2490 put spreads for .20. Half of this filled yesterday, and the remainder filled this morning.
$WBA #ShortPuts #FallingKnife – Sold 1 WBA Jun 15 2018 60.0 Put @ 1.76
$K #ShortPuts #FallingKnife – Sold 1 K Mar 16 2018 57.5 Put @ 1.60
$COST #ShortPuts #FallingKnife – Sold 1 COST Jun 15 2018 118.0 Put @ 1.33
$XEC #ShortPuts – Bought to close XEC Dec 15 2017 75.0 Puts @ 0.05. They wont trade any lower and still have over 2 months until expiration.
Sold in June as a #FallingKnife trade at 1.30, 1.60 and 2.10 (the stock was obviously falling at the time)
$CVS #ShortPuts #FallingKnife – Sold 1 CVS Feb 16 2018 65.0 Put @ 1.40.
$GILD #Shortputs – Bought to close GILD Nov 17 2017 55.0 Puts @ 0.01. They won’t trade any lower.
Originally sold on 5/18/17 @ 1.34
$DUST #ShortCalls – Bought to close DUST Nov 17 2017 35.0 Calls @ 0.20 to release some margin.
Sold on 9/20 @ 0.60
#ShortPuts #IRA -Looks like she might be rolling over after a nice run. Held this all the way through the dip so finally booking it and freeing up a ton of margin…
Bought to Close AZO DEC 15 2017 500.0 Put @ 4.40 (sold for 10.00)
#ironcondor COST
From Tastytrade
Nov. 17 145/150/160/165 for 2.10 stock price at 154.60
#SPXcampaign. Sold to Open $SPX Oct 13th 2530/2505 put spreads for 2.35. Expires this Friday, or will be rolled if there’s no bounce from here. Are we finally getting some volatility?
#Earnings #LongStocks #CoveredCalls This one dropped big since its highs so I’m exiting since the position is nicely in profit but could lose it if the stock drops more. Originally sold 110 puts on Aug 11th for 2.00, then took assignment of the stock and sold covered calls. Final profit is about 2.27.
Sold PLCE stock for 110.05.
BTC Oct 20th 115 covered calls for .95. Sold for 1.73 (avg price).
#SPXcampaign. Here are my trades today:
Closed on GTC orders:
Oct 9th 2540/2515 put spread for .20. Sold for 3.70 on Thursday.
Oct 9th 2555/2580 call spreads for .20. Sold for 1.45 on Thursday.
Oct 19th 2420/2395 put spreads for .20. Sold for 1.45 on Sept 19th.
Oct 13th 2490/2465 put spreads for .25.
Oct 11th 2515/2490 put spreads for .20. Sold for 1.80 last Wednesday.
STOPPED: Nov 3rd 2585/2610 call spreads for 3.00. Sold for 1.90 on Thursday. Not sure why I had an order in for 3.00 on this one, but it was a mistake. Now a roll would be difficult since market dropped so much from this morning.
Closed Oct 16th 2475/2500 call spreads for 24.50. Sold for 22.50 last Monday.
#ITMroll. Sold Oct 23rd 2485/2510 call spreads for 23.05.
Sold Nov 10th 2600/2625 call spreads for 1.70
Sold Nov 10th 2460/2435 put spreads for 1.45
A total bonehead move. I was putting bids in to close a bunch of positions that were mostly profitable and I mistakenly closed this one that, had I waited 2 more weeks, would have become a long term capital gain. I was toying with the idea of leaving January positions on to defer taxes to 2018 but I changed my mind, and for some reason I wasn’t paying attention to this one. Of course none of my others got filled so I guess I deserved it 🙂
Bought to close $NUGT1 (pre 1:4 reverse split) Jan 19 2018 52 calls @ .04. Sold for 2.50 on 10/19/16.
I’ll still look to take positions off that are less than double the current price (i.e., with NUGT at 35, I will look to close Jan 58 calls, Jan 66 calls and Mar 60 calls). I’d like to clear those out to make room for potential sales if gold were to spike over the next couple of months. Quite a few potential stimuli out there for a gold rally.
Shotgun trades, new #optionladder
Setting up some new ladders in names with good premium. Some have earnings in a few weeks.
STO EOG 11/3 93 put at 1
GILD 11/3 79 put at 1.04
MU 11/3 39 put at 0.93
Will add new trades each week until 3-4 rolling weeks on the ladders.
BTC 11/3 XBI 79 put at 0.23. Sold 0.94. Premiums dried up on this since it went booster phase. Should improve with next big pull back. Only 1 week left on the ladder on this then will be out until the premiums improve again.
Putting on a position at the highest strike in Feb.
Sold $KOLD Feb 16 2018 55 call @ 2.40
$WBA #FallingKnife
Sold $WBA Apr 20 2018 60 puts @ 1.43 with the stock at 70.45
#T
sto put 11.10.17 37.5 @ .58
#TLT
sto TLT call 11.10.17 126 @ .67 and .68
cost basis and received this months dividend.
selling outside of next months divi on about the 6th of each month.
when called out will sell puts.
Borrowing an idea from TastyTrade
Sold $NVDA Oct 20 175/195 strangle @ 2.13 with the stock at 186.24
I hope for more volatility this week.
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#OptionsExporation #VXXGame #SPXstrategy
Only expiration is a long $SPX Oct 6th 2400/2375 put spread. Bought it last week for the bargain price of .20. Other than that, closed $VXX Oct 6th 44 puts for 6.53 (avg price). These are the “covered” puts against #LongPutDiagonals. This one’s gotten rough. Will have to figure a way of #Rolling later.
Have a good weekend all! I will be on or near the beach.
#OptionsExpiration #Weeklys #Oct06 – A very light week and next week will be too.
Almost the last $SVXY Puts for the current year expired.
I need some more volatility.
— Expirations —
NUGT (Weekly) Oct 6 2017 28.5 Puts
SVXY (Weekly) Oct 6 2017 55 Puts
SVXY (Weekly) Oct 6 2017 65 Puts
$UVXY #ShortPuts – Forced into a roll with a drop in $UVXY in the last 5 minutes of the trading day.
Bought to Close UVXY Oct 6 2017 18.5 Puts @ 0.08 to avoid assignment – Sold these @ 0.27
Sold UVXY Oct 13 2017 17.5 Puts @ 0.30 to replace them.
Full Profit (Alleluia)
$COST 170 covered call The rest of the $COST trades went south after earnings
$SPX 2330/2355 BUPS
$T 38.5 put
$REGN 412.5 put Thank you @fuzzballl
Have a great weekend. Is it still Columbus Day Monday or has it been taken down. How will retail get there mojo back if there are no more holidays. 😁
#LongCallDiagonals – Looks like a 155 pin today. Not gonna quite get it all so selling slightly higher next week…
Bought to Close AAPL OCT 6 2017 155.0 Calls @ .15 (sold for .95)
Sold AAPL OCT 13 2017 157.5 Calls @ .40
#rolling
$WYNN BTC 10/6 148 put and STO 10/20 148 put @ 1.15 credit
#spxcampaign
$SPX STO 10/16 2490/2515 BUPS @ 1.00 As always, thank you @jeffcp66
Hey Guy’s, I’m going to be away from the market the rest of the day so posting these a few minutes early. Have a great weekend.
SVXY $60 puts
UVXY $40 calls
That’s all I have for this week, just not getting any opportunities to put on new positions.
$AAOI Afternoon all. I hope everyone is doing well and looking forward to the weekend. Rolled my AAOI Oct 60 Puts out and down to Oct 13th 58 Puts for 0.75 credit. Other than that I have nothing for this weeks’ expiration. Have a great weekend all.
I have no expirations today but did put some cash to work this week. I went from 70% cash to 50%. I am still waiting for that elusive correction which I now predict will happen someday. I am off to the gym and the tread mill.
#FallingKnife – Could be the beginning. Not sure what the news was…
$UVXY #ShortPuts #Speculation – Yesterday I sold UVXY Oct 6 2017 18.5 Puts @ 0.27.
I’m hoping they expire in a few hours.
Not my usual trade 🙂
$UVXY #ShortPuts – Bought to close UVXY Oct 6 2017 19.0 Puts @ 0.23 to avoid assignment.
Sold them on 10/02 @ 0.25, so I cleared commissions.
#long Calls
$PAYX STC 10/20 62.5 calls @ 1.20 BTO 10/3 @ .50
$AXP STC 10/20 90 calls @ 2.50 BTO 9/17 @ 1.14 (Dan @ OMM – I love talking code)
#Regenerating$REGN
Trying to make silk from a sow’s purse. Won’t happen but perhaps I can reduce the loss.
#shortcalls
$REGN rolled BTC 10/6 447.50 call to STO 10/20 465 call @ 6.60 loss Best outcome will be breakeven
Getting rid of bearish positions at losses. Probably everyone should short the market. 🙂
#SPXCampaign
$SPX BTC 10/13 2560/2535 BECS @ 14.00 STO @ 2.40
#Shortcalls
$GS BTC 10/20 235/225 BECS @ 9.25 STO 9/8 @ 2.10
#shortputs
$CELG STO 10/20 130/135 BUPS @ .70
$COST STO 11/17 145/155 BUPS @ 2.45
$COST STO 11/17 150 put @ 1.74 Thank @ramie et al
#BearCallSpreads #IRA – I’ve closed a few of these over the last couple weeks. Re-selling a little lower with some starters…
Sold UVXY MAR 16 2018 20.0/30.0 Bear Call Spreads @ 1.56
Sold UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ 1.21
#Earnings #CoveredCalls STO $FB Oct 27th 177.5 call for 1.35. This is basically my covered call practice trade. I’m holding 100 shares of a stock I believe will go higher and selling calls against it, with the intention of rolling should assignment ever become likely.
STO April 2018, 125 puts @1.22
$CVX #ShortPuts #FallingKnife – Bought to close 1 CVX Dec 15 2017 80.0 Put @ 0.01.
It won’t trade any lower and has over 2 months until expiration.
Sold at 1.14 on 04/19/2017.
$AYI #ShortPuts #FallingKnife – Bought to close 1 AYI Nov 17 2017 125.0 Put @ 0.05.
It won’t trade any lower.
Sold at 2.60 on 04/05/2017.
$COST #ShortPuts #FallingKnife – Sold 1 COST Jan 19 2018 138 Put @ 1.30 with the stock at 156.96
$COST #ShortPuts #FallingKnife – Sold 1 COST Apr 20 2018 125 Put @ 1.23 with the stock at 157.07
BTC XBI 21 DTE 80 put for 0.22. Sold for 1.01. Holding off on adding to the ladder since this thing went parabolic last 2 months. When it pulls back will re-establish.
Also freeing up cash/margin for when things look better from an option selling stand point.
Last trade of the week for me, hope everyone has a good expiration and weekend!
Still elevated IV (IVR 72) so selling some premium in Nov.
Sold $COST Nov 17 150 puts @ 1.70. Delta is 25.
$DUST #CoveredCalls #IRA – rolled out to next week’s calls on the opening this morning
Bought to close DUST OCT 6 2017 27.0 Calls/Sold DUST OCT 13 2017 27.0 Calls @ 0.25 Credit
Bought to close DUST OCT 6 2017 27.5 Calls/Sold DUST OCT 13 2017 27.5 Calls @ 0.20 Credit
#SPXcampaign. Apologies for not posting my trades this week. I have been getting slammed by the upside move, so I’m very tightly wound up to the short side, waiting for a pullback. I have stopped some call spreads, sold aggressive put spreads, and have been rolling ITM call spreads. I once again did not take the Upside Warning seriously, mainly because of the head-fake down-day we got on Monday Sept 25th, which happened the DAY AFTER the warning. I made all the wrong moves that day; it was the perfect day to flip my account to the long side, but instead I got stopped out of put spreads. In any case, my travels have diverted my full attention. I’m in LA now until Wednesday.
Feel free to ask any questions if you need updates on my trades or help with yours. I should have more time at the computer today.
Options Bistro 