$ANF $FL – #Earnings #OneDayWonders –
Sold ANF Nov 17 2017 11.0 Puts @ 0.27 & 0.28 with the stock at 12.79
Daily Archives: Thursday, November 16, 2017
ROKU Sold Dec 15th 30…
ROKU Sold Dec 15th 30 Puts for 1.25 when ROKU was at 41.11. A little (a lot) early on this. Should have waited but really liked the premium. Will a 27% pull back end up biting me? Theta will tell.
House Passes Tax Bill
House Passes Tax Bill
ROKU
#ShortStrangles – First time in this one. Following @Bridget over at OMM ( 🙂 🙂 🙂 ). She has an iron condor pretty narrow…30/35/45/50. I’m going regular strangle with more room to the upside. Great premium and low margin in this one.
Sold ROKU DEC 15 2017 35.0/60.0 Strangles @ 3.19
Afternoon all
SPX #SPCcampaign Closed my Nov 22th 2500/2485 BuPS @ .20 off a GTC order when SPX hit 2584.71. Quite a reversal from yesterdays dip.
$ANF $FL – #Earnings #OneDayWonders…
$ANF $FL – #Earnings #OneDayWonders –
Sold ANF Nov 17 2017 11.0 Puts @ 0.23 with the stock at 12.74
Sold FL Nov 17 2017 26.0 Puts @ 0.25 with the stock at 31.91
NH-NL historical data
I’m intrigued by what @geewhiz112 and @las9427 mentioned about the New-High/New-Low indicator when I said I was suspending my Downside Warnings for assessment. I have found someone offering data going back to 1980 for a fee (McClellan), but I first wanted to check with y’all to see if anyone has access to the data. I would want back at least to 2001. Let me know if any ideas. Thanks!
Rolling NFLX
#coveredcalls
$NFLX BTC 11/17 197.50 calls to 11/24 200 calls for .20 added credit plus up 2.50 if stock called away.
Closing Another
I’m sure I will be too early again, but this feels better.
#spxcampaign
$SPX BTC 11/24 2545/2565 BUPS @ .80 STO 11/9 @ 3.10 (74% of full profit)
ROST Short Short Puts
Not sure why, but here goes Earnings tonight. Hope they do as well as $WMT
#shortputs
$ROST STO 11/17 65 puts @ 1.70
SPX calls stopped
#SPXcampaign Stopped $SPX Nov 17th 2590/2615 call spreads for 3.65. Sold for 2.50 on Tuesday. Although I closed many call spreads yesterday, I thought I could let this one expire. Not so. Will look to roll by day’s end. I don’t want to do anything too early as we’re back in freight train mode again.
$NWL Adding
Sold $NWL Jun 15 2018 23 put @ 1.35.
Put ladder is now:
Mar 26
Jun 25
Jun 23
AMZN
#SyntheticStock – Would’ve got a better fill yesterday but got greedy. Sure didn’t expect this move today but I’ll take it. Rolling up the synthetic position. Leaving the disaster put alone until we see some sort of a top.
Rolled AMZN JUN 21 2019 1000.0 Strike Synthetic Stock to JUN 21 2019 1050.0 Strike @ 48.25 credit
STMP assigned
#Earnings #Rolling #Assignment #LongStock
Before I had a chance to roll my $STMP Nov 17th 200/185 ITM put spreads, I was assigned 100 shares at 200.00. I sold the corresponding long put today for 9.35, so cost basis 190.65. Working on a roll of the rest as well as a covered call.
$ANF $FL – possible earnings…
$ANF $FL – possible earnings plays
Expiration early
A lot of WDC shares will be assigned tomorrow at 84-86 strikes, that will free up a lot of cash for next week. I am trading a chunk of my account as trading reserve perpetual income engine style. Basically take 3 names each week and sell weekly calls or puts with the expectation of being assigned and then roll and repeat. I held these for a while because the premiums leading up to earnings was great but now so far ITM better to let them call out and start over. The current tickers I am doing this with are EOG, WDC, and XBI but I switched to GILD. Should have stuck with XBI. GILD now #longputdiagonals. Works best with names that stay in a range with good weekly premium. I will also use SWKS, EXPE, AAL, FSLR, GS, TMUS, VLO, ANDV (used to be TSO), UAL, LUV, AAPL, GS and looking at MON but have not watched it long enough and hoping IBB will work after the split. Basically anything that will get me close to 1% return per week on risk on weekly option sales. I stick with the same 3 names until they break out of their range or the premiums drop then move on to another 3. Stupid simple but very effective.
Rolled SVXY this week to 12-8, 100 put for 4.25, sold for 1.79, one for the team. if assigned cost basis will be 94.65.
SVXY Dec. 55 put to Jan 18 for 0.85
50 put same for 0.70
TQQQ rolled 120 this week call to 12-8 for 1.2 credit sold for 1.81
Should have a lot of trades Monday and will start the SPY credit spreads/iron condors @jeffcp66 style as well for anyone that wants to follow. Start out 3-4 weeks (21-28 DTE), 3-5 point spreads in a small account so only 2-6 contracts then add a new one each week until 3-4 weeks of ladders. Goal is to double the account in a year and if I can bring in even $125 a week and control the losses should be attainable (it is only a $6500 account). Will adjust anything that goes ITM as @jeffcp66 does, either roll or reverse and offset difference with additional spreads. I may try adjusting them as soon as they hit the short strike to see if that would limit the losses but will keep enough cash on had to convert to calendar, diagonal, or butterfly if we have a 3-5 STD move like Aug. 15. Should be an easy enough experiment and will know how well it works in about 3 months.
Happy Thanksgiving for those checking out early and travelling!
$SVXY
At the open, STO Dec 8 $70 puts @ $0.67
Taking profits and lightening up on strength today.
STC $RHT Dec 15 $120 calls @ $6.50, bought for $4.90 (closed too early, but taking profits)
BTC $SPX Nov 17 $2560/$2555 put spreads @ $0.30, sold for $0.85 (looks like I took off too early but market looked a little shakey there at one point so went ahead and closed these)
$URBN #ShortPuts – Bought to…
$URBN #ShortPuts – Bought to close URBN Dec 15 2017 18.0 Puts @ 0.05. Out of this one a month early
Originally sold in May at 1.25 and again at 1.45
$EFX #ShortPuts – Bought to…
$EFX #ShortPuts – Bought to close EFX Jan 19 2018 60.0 Puts @ 0.05. They don’t expire until next year.
Originally sold in September at 1.20 and again at 1.90 as a #FallingKnife trade.
Still short the Apr 60 Puts
Hearing Footsteps – Closing Too Early / Prudent Closing Also
Closed Early
#spxcampaign
$SPX BTC 11/17 2560/2585 BUPS @ 8.50 (currently at 5.40) STO at 4.70
$SPX BTC 11/200 2560/2585 BUPS @ 6.00 (currently at 5.40) STO at 4.60
$SPX BTC 11/17 2475/2500 BUPS @ .10 STO @ 1.80 Forgot GTC order Thank you @jeffcp66
#longcalls
$VEEV STC 11/17 55/65 BUCS @ 5.83 BTO @ 4.90 (19% of max possible)
#shortputs
$UAL BTC 11/17 52.50/57.50 BUPS @ .45 54% of max profit
TSLA “killer” ?
….Fisker just came out and dropped a bombshell on the electric vehicle (EV) industry: ‘New Fisker Batteries 2.5x Density, 500 Miles Per Charge & Charging in 1 Minute’….
http://www.zerohedge.com/news/2017-11-16/tesla-killer
SPX calls sold
#SPXcampaign Sold to open $SPX Dec 14th 2640/2665 call spreads for 1.50.
$SLB #ShortPuts #FallingKnife – Sold…
$SLB #ShortPuts #FallingKnife – Sold 1 SLB May 18 2018 55 Put @ 1.80
$CHRW #ShortPuts – Bought to…
$CHRW #ShortPuts – Bought to close CHRW Jan 19 2018 60.0 Puts @ 0.05. They don’t expire until next year.
Originally sold in May at 1.15, 1.45 and 1.75 as a #FallingKnife trade.
$TSCO #ShortPuts – Bought to…
$TSCO #ShortPuts – Bought to close TSCO Jan 19 2018 45.0 Puts @ 0.05. They don’t expire until next year.
Originally sold in May at 1.40 and again in July at 2.25 as #FallingKnife trades.
Also short the Jan 50 Puts. Just waiting for the fill on my order at 0.05.
RH strangling again
#Earnings So they snuck out Q3 guidance ahead of their earnings date, straining my 80/95 strangle once again. I have adjusted it higher three times already, but had planned to be out before their earnings date. Would have been a nice exit on the calls yesterday as the stock dropped to 83.00. Now it’s over 100!
Good morning
Yesterday, STO January 2009, SVXY 45 puts @7.25
Options Bistro 