#spxcampaign
$SPX STO 12/1 2560/2585 BUPS @ 3.25
$SPX STO 12/22 2665/2640 BECS @ 2.15 Thank you @jeffcp66
#shortputs
$MZOR STO 60 puts @ 2.26
#shortcalls
Rolled again
$NFLX BTC 11/24 200 call STO 12/1 202.50 call for additional .44 credit
Daily Archives: Tuesday, November 21, 2017
#earningstrade #longcallspread CRM Bought Dec….
#earningstrade #longcallspread #longput CRM
Bought Dec. 8 107/115 for 3.07, added a Dec. 15 put for .55 just in case, won’t make a habit of this
SPX hedge
Hindsight is 20/20 of course…don’t need the #RocketManHedge (yet 🙂 ). I will continue selling aggressively against it to turn it into a profitable position anyway. I’ll roll this new sale down if needed but it’s bordering on a #TakeOneForTheTeam !
Bought to Close SPX NOV 24 2017 2575.0 Put @ .65 (sold for 4.95)
Sold SPX DEC 1 2017 2600.0 Put @ 10.50
SPX reverse roll
#SPXcampaign Closed $SPX Dec 22nd 2640/2665 call spreads for 2.95. Sold for 1.60 yesterday.
Sold to Open SPX Dec 1st 2585/2560 put spreads for 3.20.
I’m preparing for the possibility of another upside warning, which could bring us to 2630 before Dec 1st. I’m going to hold off on the sale of regular call spreads, close my remaining ITM call spreads and roll them into puts or wait for higher SPX prices before I roll them again.
Also, closed on GTC order: Nov 27th 2560/2535 put spreads for .40. Sold for 2.90.
WYNN
#ShortStrangles – Still pounding away at the put side against DITM Jan calls…
Bought to Close WYNN NOV 24 2017 155.0 Puts @ .20 (sold for 2.75)
Sold WYNN DEC 1 2017 160.0 Puts @ 3.47
BIDU Whiz style
#SyntheticStock -Been waiting for some sort of a pullback to get in this long term Whiz style (although he prefers the #LongCallDiagonals for some reason).
Sold BIDU JAN 17 2020 250.0 Puts @ 42.47
Bought BIDU JAN 17 2020 250.0 Calls @ 49.41
Adding a tight disaster put. If it implodes I’ll roll this down and re-invest the profits back into more longs.
Bought BIDU JAN 17 2020 240.0 Puts @ 37.17
This gives a net debit of 44.11 for the Jan 2020 position. Add the 10 point max downside and get a max loss possibility of 54.11. Based on that, and the 112 weeks remaining in the trade I only need to average about 48 cents per week in sales to cover the absolute worst case scenario. And…BIDU has great weekly premium.
So:
Sold BIDU DEC 1 2017 250.0 Calls @ 1.95
TSLA
#ShortStrangles – Lots of uncertainty and questions around this stock right now. Let’s see if it stays that way for another month…
Sold TSLA DEC 29 2017 275.0/350.0 Strangle @ 5.45
Janet Yellen submits resignation from…
Janet Yellen submits resignation from the Fed (good bye my love good bye) remember Demis Roussos Goodbye my love
https://www.youtube.com/watch?v=NmH1vw9oWvQ
TQQQ
Because this is a short week and only a 1/2 day on Friday, I rolled my 136 calls out to December 1, 137 calls for a credit of .50 cents. These are against my 2019 80 calls that I bought at 58.89 and the 80 puts that I sold at 7.57
$SVXY #shortputs Bought to close…
$SVXY #shortputs
Bought to close Nov 24 $103 put for 0.10, sold Friday for $1.56
Just checking in.
Been taking the week off from trading and spending time with my family in Denver. Had some time on my hands so thought I’d see what you guy’s were up to.
Have a great week everyone.
REGN
#CoveredCalls – Still selling while it looks for a bottom.
Bought to Close REGN NOV 24 2017 400.0 Call @ .20 (sold for 2.60)
Sold REGN DEC 1 2017 392.5 Call @ 4.70
Lowered my cost basis on this from 470 to 421 during the drop. Might hold this long term and try to own it at an extremely low basis and make it a weekly (synthetic dividend) stock.
PANW
#Earnings – Completely missed it yesterday…and it stayed withing the expected move. Grrr!
CPB falling knife
CPB falling knife
New highs and lows
SPX, RUT, and Nasdaq at all-time highs.
All #VXXGame products at all time highs and lows (VXX, UVXY, SVXY).
VIX below the 78.6% from last week’s peaks. Two more days below 10.17 is a fresh Upside Warning.
$RL #ShortPuts – Bought to…
$RL #ShortPuts – Bought to close 1 RL Jan 19 2018 55.0 Put @ 0.05. It doesn’t expire until next year and won’t trade any lower.
Originally sold on 05/16/2017 at 1.30 as a #FallingKnife trade.
SPX puts sold and closed
#SPXcampaign Sold $SPX Dec 22nd 2495/2470 put spreads for 1.45.
Closed on GTC orders:
Dec 1st 2480/2455 put spreads for .20. Sold for 1.47 on Oct 30th.
Dec 1st 2490/2465 put spreads for .20. Sold for 1.45 on Nov 3rd.
Rolling SVXY
#VXXGame Rolled $SVXY Dec 15th 105 calls to March 125 for .25 credit
Rolling SVXY
Rolled $SVXY Jan 110 calls up and out to Mar 118 for 1.76 credit
Bulls on Parade
Open was highest TICK reading since early September
CRM, HPQ, HP, earnings AMC today
DE earnings BMO Nov 22
SPX puts closed
#SPXcampaign In pre-market, closed on GTC order: $SPX Nov 22nd 2560/2535 put spreads for .30. Sold for 2.80.
After market close yesterday, Sold Dec 4th 2575/2600 call spreads for 13.40 as an #ITMroll. Wish I’d waited until this morning!
$VIX $SVXY – we are…
$VIX $SVXY – we are probably headed for a 9 handle on the VIX today. SVXY at a new all time high in the premarket
pre-market
BTC 38 DTE /ES strangle for 5.25. Sold for 8.35 9 days ago.
Will sell new one later in the week when the next weekly cycle comes out. My experiment with this is to have trades open 7-10 days, take 25-40% profits and recycle weekly instead of holding for 3 weeks for 50% gains. By recycling capital faster should have better returns and less risk. I was watching old TT re-runs and a few years ago there was a segment on turning capital over quicker that may be more efficient than holding longer for incremental higher gains.
Options Bistro 