#fallingknife #shortputs AKAM
Bought January 18, 40 put for .05 sold May 5 for 1.12 gracias hielo hombre
Daily Archives: Tuesday, November 7, 2017
Fear the chicken!
Fear the chicken!
$DUST #ShortPuts – Sold DUST…
$DUST #ShortPuts – Sold DUST Nov 10 2017 25.0 Puts @ 0.30. These also expire Friday
$NUGT #CoveredCalls – Sold NUGT…
$NUGT #CoveredCalls – Sold NUGT Nov 10 2017 30.5 Calls @ 0.34. These expire Friday.
SPX Campaign / Short Puts / Closed Early
#spxcampaign
$SPX STO 11/17 2560/2585 BUPS @ 4.70
$SPX STO 11/20 2560/2585 BUPS @ 4.60
#shortputs
$GIS STO 4/20/2018 47.5 put @ 1.60
Closed Early
$CAT BTC 11/17 145/140 BECS @ 69% profit
$SVXY BTC 1/19/2018 22.50 put @ .20 STO 11/2016 @ 9.23
$AKAM BTC 11/17 42.50 put @ .05 STO 5/10 @ 1.66
$SPX BTC 11/10 2590/2565 @ 18.10 STO 10/27 @ 12.55
$FB BTC 11/17 155/165 BUPS @ .10 STO 10/6 @ 2.08 94% profit
$ALK #ShortPuts #FallingKnife – Sold…
$ALK #ShortPuts #FallingKnife – Sold 1 ALK APR 20 2018 50.0 Put @ 1.25
$PXD #ShortPuts – Bought to…
$PXD #ShortPuts – Bought to close PXD Jan 19 2018 90.0 Puts @ 0.05. They won’t trade any lower and don’t expire until next year.
Originally sold on 08/07/2017 at 1.25.
AAOI and REGN earnings
#Earnings – Positions in both so not adding to either one…
Markets–a change in character?
Still 30 minutes to go, but is this finally a day where stocks aren’t being bought into the close? Hasn’t happened much recently.
Ready to GUSH?
Down a bit today, but as expected the recent run-up has opened up some new strikes (up to 45 in Nov, Dec and Jan, and 44 in Mar and Jun).
Looks like you could sell calls at the highest strike in June (44) for at least today’s high or more. I’m not jumping in yet–that is still more than 7 months away and if there’s a prolonged move up in oil that strike could be taken out quickly on a 3x ETF. If this move in oil turns out to be a big head fake then I will have missed the opportunity. I think I’d feel more comfortable waiting for something like Dec 45s to sell for more than 1.00.
As always, I reserve the right to change my mind. 🙂
a Nice Days work..
A decent day on the YM front…
$TRIPped Up
Sold $TRIP Mar 16 27 put @ 1.45.
#FallingKnife
Afternoon all
Playing a bit of catch up here
Yesterday
#SPXcampaign Sold to open Nov 24th 2525/2505 BuPS @ 0.90. Currently at Mark 1.10 so I was a day early.
Closed SVXY Nov 10th 75 Puts for 0.05 to essentially roll out to Dec. Dec short Puts were not filled.
Today
Sold Dec 15th 85 Puts for 2.55.
TDA commish…here we go again :)
Nearing the end of year so it’s time for me to evaluate my volume of trading and related fees. I’ve increased my volume of contracts enough to where I really need to address this. I’ve found some competitors that are considerably less with similar trading platforms. I’m looking at moving to a place that starts at 50 cents per contract. I like it here at TDA and would prefer to stay even if slightly higher. If we could get me down to 75 cents per contract (no ticket charge) that would help a lot.
Thanks for your consideration.
$UVXY #CoveredCalls – Sold some…
$UVXY #CoveredCalls – Sold some small positions for this Friday
Sold UVXY Nov 10 2017 18.0 Calls @ 0.25
Sold UVXY Nov 10 2017 18.5 Calls @ 0.19
$UVXY
A couple of small trades
STO Nov 17 $22 calls @ $0.33
STO Dec 8 $30 calls @ $0.50 (highest strike)
UVXY risk reduction
#BearCallSpreads #VXXGame #IRA – Taking a little off here in case tax reform dies and we get a debt ceiling battle towards end of year…
Bought to Close UVXY JAN 19 2018 30.0/40.0 Bear Call Spreads @ .50 (sold for 2.20)
$FLR #ShortPuts – Bought to…
$FLR #ShortPuts – Bought to close FLR Jan 19 2018 37.5 Puts @ 0.05. They won’t trade any lower and don’t expire until next year.
Originally sold on 08/07/2017 at 2.15.
VRX
#LongCallDiagonals #SyntheticStock #IRA -Been waiting for this thing to show some signs of life to get in (again) with a long term Whiz style. 2020’s out so going in with a full position.
Bought to Open VRX JAN 17 2020 15.0 Calls @ 4.20
Sold to Open VRX JAN 17 2020 15.0 Puts @ 4.66
Taking the 46 cent credit from synthetic position applying it to the disaster put…
Bought to Open VRX JAN 17 2020 12.0 Puts @ 2.96
This gives a net debit of only 2.50 for the Jan 2020 position. Add the 3 point max downside and get a max loss possibility of 5.50. Based on that, and the 114 weeks remaining in the trade I only need to average 5.0 cents per week in sales to cover the absolute worst case scenario.
So:
Sold VRX NOV 17 2017 14.5 Calls @ .23
SPX puts closed
#SPXcampaign Bought to close $SPX Nov 13th 2560/2535 put spreads for 1.70. Sold for 4.00 last Thursday.
At this point the SPX chart resembles that of Aug 8th. On that day, we opened with a rally to new all-time high of 2490, then reversed intraday and close lower. We then pulled back to 2417 over the following two weeks.
SVXY
STO:
December 8, 70 put @.85
December 22, 70 put @1.45
GILD
Rolled 11/10 78 puts to 12/3 for 0.48 credit. I had no problem taking shares this friday but easier to manage margin if I don’t.
Also Michael Shulman of options income blueprint reminded me it is quicker to break even by converting to covered calls, but .40 a week for a year is $2080 and my own rule is if I can still take a credit close to 0.5 better to keep rolling the puts. Much below better to take shares and convert to CC.
#SPXcampaign Drop in the SPX…
Drop in the SPX must be due to my aelling put spreads earlier!
$NFX #ShortPuts – Bought to…
$NFX #ShortPuts – Bought to close NFX Dec 15 2017 25.0 Puts @ 0.05. They won’t trade any lower and still have over a month until expiration.
Sold at 1.20 and again at 1.50 in June as a #FallingKnife trade.
Still Short Dec 26.0 Puts and Jan 28.0 Puts as part of an #OptionLadder.
$HES #ShortPuts – Bought to…
$HES #ShortPuts – Bought to close 1 HES Nov 17 2017 37.5 Puts @ 0.01
Originally sold at 1.40 and again at 1.51
Still short the Jan 30.0 Put and the May 32.5 Puts
$DPS #ShortPuts – Bought to…
$APC #ShortPuts – Bought to close 1 APC Nov 17 2017 37.5 Put @ 0.01 and 1 APC Nov 17 2017 45.0 Put @ 0.01.
They won’t trade any lower.
Sold the 45.0 Put @ 1.68 and the 37.5 Put @ 1.25 as #FallingKnife trades.
$AKAM #ShortPuts – Bought to…
$AKAM #ShortPuts – Bought to close AKAM Nov 17 2017 42.5 Puts @ 0.01. They won’t trade any lower.
Sold at 1.18 and 1.31 and later at 1.61 and 1.68 in May as a #FallingKnife trade.
Still Short Jan 40 and 37.5 Puts as part of an #OptionLadder.
$DPS #ShortPuts – Bought to…
$DPS #ShortPuts – Bought to close 1 DPS Nov 17 2017 80.0 Put @ 0.05. It won’t trade any lower.
Sold at 1.25 on 05/03/2017
SPX puts closed
#SPXcampaign Closed $SPX Nov 8th 2580/2555 put spreads for .90. Sold for 6.15 on Oct 27th. If we get a pullback today, I’m not letting this one get into trouble a day before expiration.
SPX new condor
#SPXcampaign Sold my first 5-week position as a condor:
Sold $SPX Dec 8th 2485/2510/2650/2675 #IronCondor for 3.05
SVXY
STO:
December 15, 70 puts @1.00
December 22, 65 puts @.90
December 22, 75 put @ 1.50
SPX trades
Sold $SPX Nov 20th 2560/2585 call spreads for 20.25, as an #ITMroll from spread closed yesterday.
Stopped Nov 16th 2610/2635 for 2.70. Will look for a roll.
PCLN
#ShortStrangles – Taking a small shot….
Sold PCLN DEC 15 2017 1550.0/1950.0 Strangle @ 5.50
Options Bistro 