SPX Campaign / Short Puts / Rolling NFLX Again

#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

#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

#ira

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

#ironcondor