$HSIC #ShortPuts #FallingKnife – Sold…

$HSIC #ShortPuts #FallingKnife – Sold 1 HSIC APR 20 2018 62.5 Put @ 1.95 with the stock at 70.0

SVXY

#ShortPuts #IRA – Bought to Close SVXY NOV 17 2017 80.0 Put @ .25 (sold for 2.50)

#longcalldiagonals

Interesting research by the TT…

Interesting research by the TT team just the other day. Looks like the sweet spot on strangles is 10-20 deltas.

https://www.tastytrade.com/tt/shows/market-measures/episodes/optimal-risk-reward-in-strangles-11-06-2017

Pattern Day Trader?

Gotta Question for someone. Yesterday I was selling some synthetic stock that I’ve had for several months (buy a call, sell a put, buy a lower put).  I was trying to sell two contracts but fat fingered it and sold three, so I had to buy one back. This was in a small account that I have. When I try to sell some calls for next week, I got the pattern day trader warning and they would not let me trade.  Is it common practice to count a combo like that as three trades? This was with IB.

OPHT…blast from the past

Looks like they’re still alive and kicking. Anybody that’s still at OMM…has @scottto mentioned it lately? These guys and REGN both had good earnings today.

SVXY stock

#CoveredCalls – Received this stock from reverse rolling some threatened calls quite awhile back. Lot’s of things I could do with it to squeeze a little extra out of it but I’m not gonna look a gift chicken…errr….horse in the mouth. Breakeven was my original goal and with plenty of Jan risk I’m booking and raising the cash.

Sold to Close SVXY covered stock @ 91.25 (basis 83.22)
Sold to Close SVXY covered stock @ 93.25 (basis 84.07)

WDC

#ShortPuts – For some reason today (maybe it’s the chicken) I’m feeling like trimming some risk. Also, clearing out a little to take a slightly bigger position than normal in NVDA earnings tomorrow.

Bought to Close WDC NOV 17 2017 85.0 Puts @ 1.00 (sold for 1.55)