STO March 55 puts @.54
Monthly Archives: November 2017
#shortputs #rolling T Rolled Nov….
Rolled Nov. 17 35 put to Dec. 15 35 for a .07 credit
Sold Dec. 15 33 put for .90
Stock is at 32.75
Rolling AMZN
Rolled $AMZN Nov 17 1120 covered call up and out to Dec 22 1160 call @ 3.46 credit.
$APC #ShortPuts – Bought to…
$APC #ShortPuts – Bought to close APC Nov 17 2017 40.0 Puts @ 0.01.
Originally sold on 06/07/2017 at 1.16 as a #FallingKnife trade (and I was way early).
$STMP – looks like my…
$STMP – looks like my STMP puts expired just in time. WOW!
Econ Calendar for week of 11/6/17
Be sure to periodically click “Home/REFRESH” above to keep Bistro features updated.
Notable Earnings After Close Fri…
Notable Earnings After Close Fri (Last Week)/Before Open Mon:
BAH, BMCH, BSFT, CAH, CCC, CFX, CHH, CRNT, CTLT, CVS, FNV, GTN, HLTH, HSIC, HZNP, JLL, KERX, KORS, KOS, LAMR, LPX, MYL, NXST, ONDK, RBC, SYY, TXMD, WBT
http://bit.ly/2zjNRiS
Notable Earnings After Close Mon/Before Open Tues:
AEL, AGEN, AKCA, AMC, APLE, ASH, ASIX, ATH, ATHM, ATRS, ATSG, BCRX, BKD, BWXT, CAR, CBM, CBOE, CCE, CPE, CRC, CRIS, CROX, DF, DNR, DPLO, DRH, ECYT, EMR, ETSY, FANG, FBP, FMC, FN, FPRX, FRGI, GDDY, HAE, HAIN, HCN, HL, IFF, IONS, IVR, JELD, KND, KNX, LCI, LGIH, LNCE, LXP, MCHP, MTDR, MTW, MZOR, NCMI, NPTN, NS, NSA, NVRO, NVTA, ONCE, OUT, PAA, PAGP, PCLN, PDCE, PGRE, PINC, PNK, PRIM, PTLA, QGEN, RCL, REN, RRGB, RSPP, RWT, SEAS, SINA, SLCA, SMG, SNDR, STAY, SWKS, TA, TAHO, TESO, THC, TLGT, TPR, TRIP, TRUE, TRVN, TSEM, USFD, VERI, VG, VGR, VIRT, VRX, VWR, WB, WLK, WTW, XHR, XLRN, ZAYO, ZIOP
http://bit.ly/2zmlFvF
Notable Earnings After Close Tues/Before Open Wed:
AAOI, AAXN, ACAD, AGU, ALDR, ALNY, AMED, ARNA, AXAS, BEAT, BETR, BR, BTG, BUFF, CARS, CLI, CLR, CNDT, COHR, CRZO, CSRA, CVG, CVNA, DAR, DCP, DEI, DEPO, DIOD, DVA, ECA, EDIT, EGN, EGRX, ELGX, ENR, ETE, ETP, EVTC, EXTR, FOLD, FOSL, FRTA, FTK, G, GDOT, GKOS, GPN, HALO, HII, HPT, HSC, HUM, IAG, ILG, INFI, ITCI, IVC, JAZZ, JKHY, LC, LXRX, MAR, MBI, MCRB, MGM, MGP, MITK, MNKD, MTCH, MXL, MYGN, NEWR, NKTR, OAS, OCUL, OPHT, OR, PCRX, PE, PEIX, PFGC, PLNT, PLUG, PPC, PRI, PRTA, PXLW, REGI, REGN, RIC, RIGL, ROK, RRR, RTRX, RYI, SEE, SITE, SKT, SNAP, SSRM, STKL, STWD, SUN, SYNA, TDS, TGI, TGNA, TSRO, TTWO, TWO, TWOU, VER, VNDA, VSI, VSLR, WEB, WEN, WIX, WMC, WWW, XEC, XOG, ZG, ZGNX, ZNGA
http://bit.ly/2zxrS8N
Notable Earnings After Close Wed/Before Open Thurs:
AFSI, AKAO, ALB, ALRM, AMBC, ANDV, ANDX, ANGI, ATO, AZN, BAM, BLDR, BRKS, BRS, BW, CAPR, CBAY, CJ, CLNS, COLL, COT, COTY, CRL, CSIQ, CSOD, CTL, CTRE, CUI, CXW, DHI, DIN, DISH, DK, DOX, ECR, ELF, ENS, EPC, EPR, ERF, ESNT, FIVN, FLO, FOXA, FSM, GDS, GMED, GOOS, HDSN, HIMX, HOLX, IAC, IMPV, INCR, INFN, INO, INVH, IPXL, JAG, JCI, KGC, KRO, KSS, LAUR, M, MEET, MFC, MGA, MGNX, MHLD, MIME, MNST, NCLH, ODP, OME, OPK, OTIC, PAAS, PEGA, PEGI, PRAA, PRGO, PRTY, PSEC, RGEN, RLJ, RNG, ROKU, RUN, SEDG, SEMG, SFR, SGRY, SLF, SND, SNH, SQ, SRCL, SSNI, TDG, TIME, TK, TOCA, TOO, TRCO, TROX, TRP, TRTN, TTEK, TTI, TU, TWLO, TWNK, UBNT, UGI, VIVO, VSAT, VSM, VSTO, VVV, WAGE, WRD
http://bit.ly/2zzhSMv
Notable Earnings After Close Thurs/Before Open Fri:
AL, AVXS, AYX, BDSI, CAA, CAE, CATB, CBPX, CDNA, CWH, DIS, ENDP, HCC, HK, HTZ, ICHR, JCP, JWN, KLDX, LGF.A, LGND, MSCC, MT, NVDA, NWSA, PBYI, RBA, RDFN, SGMO, SGYP, TPC, TTD, WPM, XON, ZOES
Expiration/No Earnings Earnings Trades/Closed Early/Assigned Early
#optionsexpiration
$SPX 2600/2575 BECS @ 55% max loss
$SVXY 76 put max profit
$BABA 165/172.50 BUPS max profit
$NFLX 200 call even though stock finished at 200.01 not called away. Does someone know something???
No Earnings Earnings Trades 😉
$LITE 57/62 BUPS Shares Assigned @ 62 Basis 60.40
$TSLA 320/325/330 Unbalanced Max Loss
Closed Early
$SPX 11/10 2435/2460 BUPS @ 92% profit
Assigned Early
$T 11/10 37.50 put Basis 36.90
Rolled
$AVGO 11/10 260 call to 11/17 260 call for additional 1.30 credit
Weekend musings or ramblings depending on perspective
I think strangles are the most profitable and consistent trades but am reluctant to trade strangles on individual names mostly to the upside. Don’t mind selling puts but naked calls to the upside can get ugly if there is a buyout rumor or someone comes up with a cure for cancer (which would be awesome). When Heinz was picked up by Berkshire learned that lesson.
So after a few earnings trades that did not work out (GILD, EXPE but fortunately made it out at even on that one), I will probably be trading more jade lizards on individual names, especially around binary events like earnings. The extra credit from a strangle or jade lizard would make it more likely to break even or at least recover quicker and the extra credit improves returns over the long run. On indexes will continue strangles as there is less likely to be an unexpected gap to the upside. Also you can structure jade lizards so there is no risk to the upside.
I also think I need to add another 15% cushion to my margin trades. No margin calls but with the trades I have on don’t have much room to wiggle. IRA trades are always cash secured and never seem to cause adjustment issues. I like using some margin for the extra returns but have been using 50%. I think I saw a tastytrade episode that suggested only using 35% to keep from getting in trouble with margin. I think I will scale back a little to that level and see if I have less margin issues.
What level margin do those that trade with it use? I used to have a portfolio margin account and that seemed to be easier but that account was nearly wiped out Aug. 2015. I am finally getting close to portfolio margin again at TOS but not sure I want to convert. Those of you using portfolio margin at TOS how far do you dip into it? 50% or less?
I love the decay on weeklies but seem to adjust my longer trades a lot less. Seems like the best compromise between theta decay and having to adjust trades is 21-45 days. Consistent with the studies tastytrade did. Ladders seem to work really well for this. Others have any thoughts on timing of option sales, DTE for best theta decay/risk ratio?
I agree that having weeklies makes managing trades easier! But some monthlies have really good decay /CL and /GC as examples.
Finally will manage winners a little sooner. Again tastytrade has found 50% ideal for strangles but in some cases such as straddles 25% seems to be better. Maybe managing a little earlier say at 30-40% may allow churning the portfolio faster. Say 50% requires 4 weeks but managing at 35% may allow rolling to new trades in 2-3 weeks. I will experiment managing index, ETF, and futures trades doing this and see if the faster turn over improves profits and consistency.
Thanks everyone for the help and ideas, as mentioned the other day just closed out my most consistent 6 months of trading ever.
Have a great weekend!
Options Expiration for 11/3
$AMZN Nov 3 1125 calls (covered)
$CMG Nov 3 260 puts
$STMP Nov 3 170 puts
$SVXY Nov 3 74 puts
$TSLA Nov 3 270 puts
$UVXY Nov 3 18 calls
No assignments this week.
Thanks to Iceman for the great trade ideas on CMG, STMP and TSLA.
Have a great weekend everyone.
Options Expiration 11/3/17
— Expired w/Max Profit —
AAPL 157.5 and 160 puts
AAPL 177.5 calls
FB 172.5 puts
FB 192.5 calls (partially covered)
— #Assignment —
LITE 62 puts (cost basis 60.50)
— Expired w/Max Loss —
CC 55.5/57.5/59.5 #UnbalancedButterfly (sold for .60, loss of 1.40)
STMP 200/180 put spreads (sold for 4.15, loss of 15.85. Rolled out 2 weeks)
TSLA 320/325/330 #UnbalancedButterfly (sold for 2.15, loss of 2.85)
#OptionsExpiration #Weeklys #Nov3 – an…
#OptionsExpiration #Weeklys #Nov3 – an interesting #Earnings driven week. $CMG $STMP and $TSLA trades yielded big gains in a short time.
Reaped the rewards of putting on $SVXY and $UVXY positions during last week’s minor volatility spike.
No assignments this week.
— Expirations —
CMG (Weekly) Nov 3 2017 257.5 Puts
CMG (Weekly) Nov 3 2017 260 Puts
DUST (Weekly) Nov 3 2017 25.5 Puts
MYL (Weekly) Nov 3 2017 34.5 Puts
NUGT (Weekly) Nov 3 2017 30.5 Calls (Covered)
STMP (Weekly) Nov 3 2017 140 Puts
STMP (Weekly) Nov 3 2017 170 Puts
SVXY (Weekly) Nov 3 2017 68 Puts
SVXY (Weekly) Nov 3 2017 69 Puts
SVXY (Weekly) Nov 3 2017 70 Puts
SVXY (Weekly) Nov 3 2017 71 Puts
SVXY (Weekly) Nov 3 2017 72 Puts
SVXY (Weekly) Nov 3 2017 73 Puts
SVXY (Weekly) Nov 3 2017 74 Puts
SVXY (Weekly) Nov 3 2017 75 Puts
SVXY (Weekly) Nov 3 2017 79 Puts
TSLA (Weekly) Nov 3 2017 270 Puts
UAA (Weekly) Nov 3 2017 20 Calls (Covered)
UAA (Weekly) Nov 3 2017 20.5 Calls (Covered)
UVXY (Weekly) Nov 3 2017 19 Calls (Covered)
UVXY (Weekly) Nov 3 2017 25.5 Calls
UVXY (Weekly) Nov 3 2017 26 Calls
UVXY (Weekly) Nov 3 2017 26.5 Calls
UVXY (Weekly) Nov 3 2017 27 Calls
UVXY (Weekly) Nov 3 2017 27.5 Calls
OptionsExpiration
$SVXY $66 puts
$SVXY $72 puts
$SVXY $76 puts
$SVXY $85 puts
$SVXY $90 puts
$UVXY $18 calls
$UVXY $24 calls
$UVXY $27 calls
Finally a better expiration this week.
Everyone have a great weekend.
$UVXY
BTC Nov 3 $15 calls @ $.05 (sold for $1.39 as part of $15/$17 spread) with about 30 mins before the close. It was just toying with $15 all day and didn’t want to take a chance into the close.
SPX add’l roll
#SPXcampaign Sold $SPX Nov 15th 2565/2540 put spreads for 2.90.
STMP roll
Have a nice weekend to everyone
Only one expiration today.
November 3, 70 put
$UVXY #ShortPuts #Rolldown – Bought…
$UVXY #ShortPuts #Rolldown – Bought to close UVXY Nov 3 2017 15.0 Puts/Sold UVXY Nov 17 2017 14.0 Puts @ 0.55 Credit with the stock at 14.99 and less than 5 minutes to the close.
A nice gain on this week’s Puts.
#SPXcampaign #OptionsExpiration Afternoon all. Popping…
#SPXcampaign #OptionsExpiration
Afternoon all. Popping in here at the close. Sold to close Nov 10th 2500/2475 BuPS for 0.15 off a GTC order with SPX at 2581.90. Originally sold for 1.30 on 10/27.
Expiring SVXY Nov 03rd 85 Puts
Have a great weekend. Back on Monday
$STMP #ShortPuts – Bought to…
$STMP #ShortPuts – Bought to close a portion of my STMP Nov 3 2017 170.0 Puts @ 0.05 with the stock at 172.50.
FB covered call
#CoveredCalls #LongStock Staying long the stock and replacing the earnings options expiring today.
Sold $FB Dec 1st 187.5 covered call for 1.25
SVXY
I forgot to post. STO December 8, 65 puts @.75
AAPL
#ShortPuts – Not sitting on these for months for a few dollars. Freeing up a lot of margin in the #IRA ….
Bought to Close AAPL JAN 19 2018 140.0 Put @ .30 (sold for 3.83)
Bought to Close AAPL FEB 16 2018 135.0 Put @ .52 (sold for 3.70)
Bought to Close AAPL APR 20 2018 130.0 Put @ .78 (sold for 3.56)
WDAY
STO November 24, 100 puts @ .60 earnings are on November 29
Closing FB
Taking this earnings trade off for better than 70% of the profit instead of waiting another two weeks for expiration.
Bought to close $FB Nov 17 170 puts @ .47. Sold for 1.65 on 11/1.
FB earnings
#Earnings – Original trade was super bullish NOV 3 2017 190.0/185.0 Bull Put Spread @ 3.50
Stock dropped so booking the long put and applying it to the stock basis when I receive stock this weekend.
Sold to Close FB NOV 3 2017 185.0 Put @ 6.50
So…10.00 premium received so far. Stock basis will be 180. Aggressively covering it next week slightly in the money at breakeven premium. Would still have the option to roll that up and out if she rallies next week.
#CoveredCalls – Sold FB NOV 10 2017 177.5 Call @ 2.50 (stock basis now 177.50 covered at 177.50)
$FLR #ShortPuts – Bought to…
$FLR #ShortPuts – Bought to close FLR Jan 19 2018 35.0 Puts @ 0.05. They won’t trade any lower and don’t expire until next year.
Originally sold on 8/7/17 at 1.25 as a #FallingKnife trade.
SPX trades
#SPXcampaign $SPX Today, in chronological order:
Before open, closed on GTC order: Nov 10th 2490/2465 put spreads for .20. Sold for 1.55 on Oct 13th.
Sold Dec 1st 2490/2465 put spreads for 1.45
Closed Nov 10th 2565/2590 call spreads for 14.00. Sold for 10.80 on Oct 26th.
#CondorRoll Sold Nov 17th 2550/2575/2585/2610 condors for 14.10
Closed Nov 10th 2535/2560 call spreads for 22.00. Sold for 18.90 on Oct 26th.
#ITMroll Sold Nov 17th 2550/2575 call spreads for 19.00
Sold Dec 1st 2630/2655 call spreads for 1.60.
Closed on GTC order: Nov 6th 2560/2535 put spreads for .30. Sold for 3.45 on Oct 20th.
VIX dropping
#VIXIndicator The VIX is closing in on another validation of the Upside Warning. If it closes below 9.98 today and Monday, that will be three in a row below the 78.6% Fib retracement of the last spike, which historically is less compelling than an original Upside Warning but still a decent indicator of more upside, or at least further delay before a correction.
TQQQ
Long call trade: STO November 10, 134 calls @.95 with stock at 130.45, These are against my 2009 80 calls. I think my short 134 calls for November 3, will expire at zero today.
$ALK #ShortPuts #FallingKnife – Sold…
$ALK #ShortPuts #FallingKnife – Sold 1 ALK Apr 20 2018 55.0 Put @ 2.15
$CHRW #ShortPuts – Bought to…
$CHRW #ShortPuts – Bought to close CHRW Jan 19 2018 55.0 Puts @ 0.05. They won’t trade any lower and don’t expire until next year.
Originally sold on 7/20/17 at 1.35 and 1.55.
The rest of the #OptionLadder on this stock, the 57.5 and 60.0 Puts for January, also have a current bid at 0.05. Just waiting for the fills on the buy back orders.
$DUST #CoveredCalls #Rollout – Rolled…
$DUST #CoveredCalls #Rollout – Rolled 2 positions while taking nice gains on this week’s Calls.
Bought to close DUST Nov 3 2017 28.0 Calls/Sold DUST Nov 10 2017 28.0 Calls @ 0.50 Credit.
Bought to close DUST Nov 3 2017 28.5 Calls/Sold DUST Nov 10 2017 28.5 Calls @ 0.40 Credit.
NVDA
Taking this off prior to #Earnings after this big run…
Bought to Close NVDA NOV 10 2017 180.0 Put @ .75 (sold for 2.30)
MGM
#SyntheticStock #LongCallDiagonals – Setting up next week. Had to do this as a roll since it’s in an #IRA . Thought I would get filled at .01/.51 but got .04/.54 instead.
Bought to Close MGM NOV 3 2017 31.0 Calls @ .04
Sold MGM NOV 10 2017 31.5 Calls @ .54
MELI closed
#Earnings BTC $MELI Nov 17th 200/210/280/290 iron condors for 1.12. Sold for 2.35, so just over 50% of max profit and out 2 weeks early.
$STMP #ShortPuts #Speculation – Sold…
$STMP #ShortPuts #Speculation – Sold STMP Nov 3 2017 170 Puts @ 1.08 with the stock at 177.77.
These expire in just a few hours
edit: added @ 1.20 and 1.40
STMP earnings
#Earnings – Original trade was NOV 3 2017 190.0/250.0 Strangle @ 5.50
Bought to Close STMP NOV 3 2017 250.0 Call @ .05
Still deciding on the put…she’s getting spanked for now.
$CF #ShortPuts – Bought to…
$CF #ShortPuts – Bought to close 1 CF Jan 19 2018 20.0 Put @ 0.01. It won’t trade any lower and it doesn’t expire until next year.
Originally sold in April @ 1.19
MELI earnings
#Earnings – Original trade was NOV 17 2017 200.0/280.0 Strangle @ 3.70
On the massive spike up this morning:
Bought to Close MELI NOV 17 2017 200.0 Put @ .10
Pulling back now so watching the 280 call side….
AAPL
#SyntheticStock #LongCallDiagonals – AAPL only has 2.5 wide strikes right now so kinda limited on roll up. Best I can do is a small debit on front month roll.
Rolled AAPL NOV 3 2017 160.0 Calls to DEC 22 2017 162.5 Calls @ .95 debit
Synthetic stock working great and this debit reduces front month premium received to 2.65
Rough earnings
#Earnings AAPL and MELI looking fine for strangles/condors… LITE and STMP not looking good for longs. Considering whether to take loss, take assignment, or roll. TSLA and CC butterflys are out of reach, too, but smaller losses so I’ll let them go.
SHOP closed
#Earnings BTC $SHOP Nov 3rd 100 puts for .45. Strangles sold for 3.30 on Monday. Total exit price: .85
AAPL
#Earnings -Not waiting on a pullback. Taking minimal loss now instead of max later.
Bought to Close Nov 3rd 162.5/167.5/172.5 iron fly @ 4.30 (sold for 4.05)
Jobs Report for October
U.S. gained 261,000 non-farm payroll jobs in October, vs. +310K expected; biggest monthly gain this year; Sept revised from -33K to +18K.
Unemployment rate DOWN 0.1 to 4.1%.
U6 dropped to 7.9%, its lowest in over a decade.
Avg hourly earnings down -0.04%.
Labor Force Participation up to 62.7%, down from Sept.
Crypto stuff
What to do with some of this quarter’s earnings profits? I’ve always been willing to gamble a little…(I’m still holding a half million Iraqi Dinar from Gulf War 2)…worth about a hundred bucks. LOL Already holding a little Ethereum (no Bitcoin…grrr)
Bought to Open Litecoin @ 55.15
https://www.coinbase.com/
From a newsletter I get from a volatility guy that also dabbles in crypto:
=======================================================================================
Litecoin
Just shoveled some money into Litecoin at $50 (it is down from $80 earlier in the year). I put in double my original investment from 2013. I now have in Litecoin 10x the number of bitcoins I used to have. (I used to have 3x but now is up to 10x). Litecoin used to be $4 last year and was around $20-25 in 2013 when I first purchased. This investment here is a fraction of the money I made in bitcoin. I can see Litecoin hit $500-$1000 on the back of problems in Bitcoin quickly. It is already widely accepted by the same merchants, it is on Coinbase. It is the same exact technology, with a well-known founder and more democratic hashing algo. A payment interface can be ported from bitcoin to litecoin quickly. If at some point there are problems with bitcoin, the processing will switch over to litecoin. You can think of Litecoin as a better backup to bitcoin. In fact many think, litecoin is the better technology because mining is always bound to be more distributed than bitcoin. The biggest risk to bitcoin is a 50%+1 attack. 99% bitcoin in the world is held by a 1000 Chinese. Miners located in Chinese jurisdictions continue to have more than 50% of the mining capacity. The risk of 50%+1 attack in bitcoin becomes greater every day the more Xi Jinping consolidates power. If you end up with futures and options exchanges based on bitcoin, the Chinese will have a huge lever to pull in their relations with the US because they can trigger a financial crisis by pulling the rug under bitcoin. In fact, it wouldn’t surprise me if that is the long term game Jinping is playing.
SatoshiLite tweeted today: If Segwit2x miners manages to kill original chain with a 51% attack, Bitcoin will eventually lose the crypto throne. My bet is on Litecoin.
SatoshiLite is the biggest name in crypto after Satoshi. He is the creator of Litecoin and Director of Engineering of Coinbase. Real name is Charles Lee. In the pantheon of crypto greats, first you had Charlie Lee and then you had Vitalik Buterin. Litecoin is $50, it is following the same path of adoption that bitcoin has, it is barely $2 billion in market cap. I think the future of this crypto currency as an eventual backup to bitcoin operations is very bright. God forbid we have an actual problem with the bitcoin network, litecoin will spike like you have never seen anything else spike.
If litecoin goes down more, I will be shoveling more money into it.
If you have a crypto portfolio, my suggestion here would be to take 50% of your bitcoin which is at a pretty steep price here $7,000 and re-allocate the entire amount to Litecoin. Then as bitcoin goes higher and higher, sell and buy litecoin. If Bitcoin goes to 25K, you will triple your money. If Litecoin, goes to a meager $500 per coin, you will make 10x your money. This should be viewed as a long term investment with a horizon of 5 years. Within 5 years, I would not be surprised to see Litcoin see the same level of network and industry adoption as Bitcoin has today and as such it’s price can easily be 10x from current levels. The litecoin mining rules and limitation of supply are just as stringent as bitcoin’s. After Bitcoin futures and options succeed, you will have Ethereum futures and options and after that Litecoin. Bitcoin is the trailblazer, but the next big pot of money in crypto is in litecoin in my humble opinion. At some point the bitcoin players will look to diversity and litecoin will be option #2 after ethereum (and for many #1 due to the more constrained supply)
2020 LEAPS…when?
Looks like we get the rest of them in a couple weeks…
=======================================================
https://www.optionseducation.org/tools/faq/leaps_cycles.html
When are the exchanges going to list 2020 LEAPS®?
2020 LEAPS will be rolled out over a three month period.
Cycle 1: Monday, September 11th, 2017: January 2020 LEAPS® listed
Cycle 2: Monday, October 16th, 2017: January 2020 LEAPS® listed
Cycle 3: Monday, November 13th, 2017: January 2020 LEAPS® listed
Thanks Bistro!
Received a random call from my account rep at TD Ameritrade/TOS this afternoon as my previous rep left and she wanted to introduce herself. After talking for a few minutes realized she mainly wanted to know where all my trade ideas were coming from (Options Bistro) and to ask how I had 47.7% returns on the margin account in 6 months. Also did 35.6% on the IRAs in 6 months and a lot of that is from the ideas I get from the rest of you.
Thanks for the trade ideas and helping me tweak trade tactics to get more out of them.
Good to be here and hope I give some of you some ideas!
Let’s keep the ideas rolling but I still wish for some volatility without anyone getting burned.
Cheers
$UVXY
STC Nov 3 $17 calls @ $0.14
These were part of a $15/$17 call spread. Took them off today while there was still value in them.
Maybe Stamps are going out of style…
$STMP down, at least at first.
MELI and AAPL up.
CC down.
AAPL beats
EPS $2.07 beats by $0.20.
Revenue $52.6B beats by $1.81B.
Stock is popping.
TradersExpo livestream
From Vegas tonight. Sosnoff and a lot of the tastytrade team will be there. Free!
https://www.moneyshow.com/events/conferences/tradersexpo/tradersexpo-las-vegas/live-stream/login/?scode=
Earnings
Bring ’em on!
AAPL earnings
#Earnings – enough risk in other places so going limited here.
Sold Nov 3rd 162.5/167.5/172.5 iron fly @ 4.05
Five wide with 6.80 expected move. Skewing slightly bearish.
AAPL add on
#Earnings Sold a 160 put for .90, since the 157.5’s became too cheap. So I’m short 177.5 calls and 157.5 and 160 puts.
$STMP #ShortPuts #Earnings – Sold…
$STMP #ShortPuts #Earnings – Sold STMP Nov 3 2017 170.0 Puts @ 0.55 with the stock at 219.10
SBUX
#Earnings today. Also looks like a prime entry for #SyntheticStock . No position here…
GOOGL
BTC the short put side of a 890/850 BPS at .05, the spread was put on at 2.90 and I will let the 850 put just expire. It was a November 10 strike.
HRB
That’s gonna be a #FallingKnife you may not want to get under. I can’t wait to file taxes on a post card!
EWZ
#LongCallDiagonals #SyntheticStock -Been waiting for some sort of a pullback to get in this long term Whiz style (again). This is a half position that I’d like to add to when the 2020’s come out.
Bought to Open EWZ JAN 18 2019 40.0 Calls @ 5.02
Sold to Open EWZ JAN 18 2019 40.0 Puts @ 5.92
Taking the 90 cent credit from synthetic position applying it to the disaster put…
Bought to Open EWZ JAN 18 2019 35.0 Puts @ 3.87
This gives a net debit of only 2.97 for the Jan 2019 position. Add the 5 point max downside and get a max loss possibility of 7.97. Based on that, and the 63 weeks remaining in the trade I only need to average 12.5 cents per week in sales to cover the absolute worst case scenario.
So:
Sold EWZ NOV 10 2017 40.0 Calls @ .46
$UVXY #ShortCalls – A couple…
$UVXY #ShortCalls – A couple of small speculative positions with the stock just over 16.
Sold UVXY NOV 10 2017 20.5 Calls @ 0.41
Sold UVXY NOV 10 2017 21.0 Calls @ 0.42
$LB #ShortPuts – Bought to…
$LB #ShortPuts – Bought to close 1 LB Nov 17 2017 35.0 Put @ 0.05. It won’t trade any lower.
Originally sold at 1.35.
Other rungs of the #OptionLadder on this stock are the LB Jan 19 2018 32.5 Put @ 1.35 and the LB Feb 16 2018 30.0 Put @ 1.25. Both are doing fine.
Some #FallingKnife trades Sold: $ABC…
Some #FallingKnife trades
Sold:
$ABC May 18 55 puts @ 1.10
$CAH Mar 16 52.50 put @ 1.30
$CAH Jun 15 50 put @ 1.50
$NWL Jun 15 25 puts @ 1.45
$UAA #ShortPuts #Speculation – Sold…
$UAA #ShortPuts #Speculation – Sold UAA Nov 24 2017 12.0 Puts @ 0.63 with the stock at 11.75.
Slightly ITM. Hoping the stock finds a bottom in the next few weeks.
TQQQ Fuzzball trade
BTO 2019 80 call @55.35
STO 2019 80 put @8.17
STO November 3 134 call @.18
Total debit of $47.00 and will write weekly calls against the 2019 calls.
STMP earnings
#Earnings Sold $STMP Nov 3rd 200/180 put spreads for 4.15. Biggest UP move: 38.1%, Biggest DOWN move: -6.2%, Average move: 16.3%. This trade is -8.3% OTM.
$TSLA #ShortCalls – Bought to…
$TSLA #ShortCalls – Bought to close 1 TSLA Jan 19 2018 550.0 Call @ 0.01. It won’t trade any lower and it doesn’t expire until next year.
Originally sold on 6/6/17 at 4.10, so a pretty nice gain on this one.
Along the way I also sold short term puts on this stock to boost the overall return.
$OXY #ShortPuts – Bought to…
$OXY #ShortPuts – Bought to close OXY Nov 17 2017 52.5 Put @ 0.01.
Originally sold at 1.42.
It seems like all the #Oil related #FallingKnife trades are now working out.
STMP earnings
#Earnings – Not much liquidity but taking a shot outside the expected move…this thing could go anywhere.
Sold STMP NOV 3 2017 190.0/250.0 Strangle @ 5.50
Stock at 218 with expected move of +/- 25.75
MELI earnings
#Earnings #IronCondor Thanks @fuzzballl for heads up on this one. Leaning a bit bullish (based on historical performance) and going with a condor for protection and less margin:
Sold $MELI Nov 17th 200/210/280/290 condors for 2.35
EWZ
Getting closer to a Whiz ( #SyntheticStock ) entry. Thinking about half now and half later. Wish the 2020’s would get here.
Closing up SHOP
#Earnings Started closing the Nov 3rd 100/125 strangle, sold for 3.30 on Monday.
Closed all of the 125 calls for .05.
Closed one 100 put for 1.45. Hopefully can get out of rest for lower, but watching as this one has been as low as 94.51 since earnings. The weakness may be over, but watching.
MELI earnings
#Earnings – Could be another wild one and I’m due for one to struggle. Can’t pass this up though…great premium even well outside the expected move (+/- 22.10 today and 27.0 by expiry). BTW these are monthlies…
Sold MELI NOV 17 2017 200.0/280.0 Strangle @ 3.70
CYBR Covered Calls
Sold $CYBR Dec 15 45 calls @ 1.60.
Continuing to work basis down since taking assignment on this a little more than a year ago. With this sale, basis would be 44.80 if called away at 45.
CC earnings
#Earnings #UnbalancedButterfly Never traded this before but strong historical earnings results and a bullish trade. Sold $CC Nov 3rd 55.5/57.5/59.5 (1/3/2) unbalanced put butterfly for .60.
Max profit at 57.5: 2.60
Minimum profit above 57.5: .60
Max loss under 55.5: 1.40
Options Bistro 