#earlyassignment
$CELG 1/05/2018 115 put assigned. Basis 112.55
Will sell Tuesday most likely
Monthly Archives: December 2017
XRP (Ripple)
#Cryptocurrency never closes. Not sure why this thing spiked today but just can’t pass up these kinds of returns in a few weeks.
Sold 3900 XRP @ 2.12 (bought for .26)
Definitely a happy new year!
Filled on final plunge
#SPXcampaign Sold $SPX Jan 2nd 2665/2640 put spreads for 1.30. Could have gotten over 2.00 if I had thought the punch down would be so sharp. Looks like it might have gone ITM in the after market. These expire on Tuesday, OTM, I hope.
Options Expiration for 12/29
2 expirations today, no assignments:
$CAT Dec 29 128 puts
$SVXY Dec 29 70 puts
I also got filled after the bell on the move down into the close:
Sold $SVXY Feb 2 75 put @ 1.20
Have a Happy New Year everyone!
#OptionExpiration Hey Gang, hope you…
#OptionExpiration
Hey Gang, hope you had a profitable week. Took the week off to spend with family. Had to make a couple of trades just before the close on some ITM #CoveredCalls.
Expired
$SVXY $65 puts
$SVXY $70 puts
$SVXY $75 puts
Allowing to be exercised
$V $112 #CoveredCalls
$DWDP $70.5 #CoveredCall, allowing another 1/3 of position to be called away
Other Trade
Rolled $DWDP $70.5 12/29 #CoveredCalls to 1/12 $71 for $.10 credit
#spxstrategy one more right before…
one more right before bell.
and them I am stepping away from screen looking for an adult beverage.
sto SPX 26 JAN 18 2560/2540 PUT @.80
will place gtc @ 50%
2 accounts/manipulation by market/oh yea/but 28 dte for it to decay.
10.5 implied vol for this expiration and expected move of spx up to then +-$ 64.00.
Dumping LITE
#Earnings #LongStock Dumped these shares for 48.85. Tax loss. Sick of watching it do nothing.
Starting fresh for the new year! See y’all then!
#cryptocurrency Update, one of my…
Update, one of my sons and I have received both antminers L3+
they run at 504 M/ hash and use 800 watts.
cost about 80 dollar in electricity per month total.
received one on dec 1 other one dec 15th.
So far have made 3 litecoins,would of had more but bounced around to different pools and one of em Nicehash was hacked and we lost about 100 dollars of bitcoin.
We are using Litecoinpool and mining Litecoin.
They average output is about .14 Litecoin in 24 hours,then it is auto sent to our online wallet.
Happy New Year…
Happy New year..to all of you..hope your weekend is a good one..Stay safe, Stay warm..Hope your new year is better than this last one..
@fuzzballl – Keep that plane flying safely…
#Happy new Years to All…
#Happy new Years to All
May your 2018 be blessed!
and enjoy yourself on my birthday,December 31st.
Expirations – A Little Early / Some Trades
Happy New Year Everyone!!!
With these graphics it will be a terrific 2018
Peace Health and Happiness to all the wonderful bistroites
and especially to the head bistro @jeffcp66
#optionsexpiration
$SPX 2475/2500 BUPS
$SPX 2515/2540 BUPS
$BA 270/275 BUPS
$EXAS 55.5 Put Assigned Basis 49.5
Trades Today
$SVXY Rolled 1/19/2018 122.50 call to 2/16/2018 130 call for .20 extra
$EXAS BTO 2/26/2018 60 call @ 1.85
Signing off early, and have a nice weekend and a great new year.
Expirations:
SVXY 60 puts
SVXY 65 puts
SVXY 70 puts
#spxstrategy sto spx 31 JAN…
sto spx 31 JAN 18 2540/2520 PUT @.75 in 2 accounts.
plan to let these expire.
I purchase for our business…
I purchase for our business steel and aluminum. Like copper, aluminum has seen a price spike going from 1.90 per lb as of 12/4 to 1.985 today. Something to think about.
Laura
Happy New Year to my…
Happy New Year to my trading friends at Options Bistro!
Off to PSP for 10 days taking a “double” on the temp from here in PDX.
Special thanks to Jeff for all his leadership and guidance.
Thanks everyone for all your thoughtful comments and sharing!
Be safe, see you next year.
EWZ
Rolled EWZ Dec29’17 40 calls to EWZ Jan12’18 40.5 calls for 0.06 credit. The stock just wouldn’t come back down today, although now that I rolled it probably will lol.
SVXY
#IRA #ShortPuts – Just in case things get crazy first part of next year I’m booking some winners and getting ready to re-load. This is a small IRA that I use for SVXY only so overall these are nice gains on a smaller account.
Bought to Close SVXY JAN 19 2018 75.0 Put @ .62 (sold for 2.80)
Bought to Close SVXY FEB 16 2018 60.0 Put @ .98 (sold for 2.88)
Bought to Close SVXY MAR 16 2018 60.0 Put @ 1.68 (sold for 3.40)
SPX trades
#SPXcampaign These are the second two standard weekly trades:
Sold $SPX Jan 26th 2735/2760 call spreads for 1.90.
Sold $SPX Jan 26th 2605/2580 put spreads for 1.50.
Also, closed on GTC order:
Jan 12th 2740/2765 call spreads for .20. Sold for 1.45 last week.
HIMX
#SyntheticStock – Rolling up and out…
Rolled HIMX DEC 29 2017 10.5 Calls to JAN 12 2018 11.5 Calls @ .03 credit
EWZ
#SyntheticStock – Rolling out and up…
Rolled EWZ DEC 29 2017 39.5 Calls to JAN 19 2018 40.0 Calls @ .06 credit
BIDU
#SyntheticStock – More weekly sales…
Bought to Close BIDU DEC 29 2017 237.5 Calls @ .08 (sold for 1.55)
Sold BIDU JAN 12 2018 237.5 Calls @ 2.78
AMZN
Just for fun taking a shot at JC’s suggestion. Low risk high reward…
Bought AMZN Jan monthly 1110/1100/1090 put butterflies @ .22
That’s risk 22 to make 978 but very low probability IMO…
Afternoon all
I hope everyone had a wonderful and relaxing December and more to come with the long weekend. I needed that break and spent a lot of time with my daughter, walking, birding, and all manner of eat, drink, and naps.
I look forward to the new year, learning from all the members here and continuing to improve my trading skills
The last of my options for Dec 29th Expiry
Expired
SVXY 75, 80, 90, 100 Puts
SPX Insurance 2000 Put
Have a great and wonderful New Year. Stay warm!
VRX
#Fuzzy STO VRX Jan05’18 22 calls for 0.22.
SPX trades
#SPXcampaign Looks like we may end the year with the typical down day. It has been the case on the last day of December 15 out of the last 20 years. I was able to unload some remnants at the open, although missed a fill in my long Dec 29th 2700 calls… about .50-.80 at the open but it dropped to quickly on me, so closed for only .25
Closed $SPX Dec 29th 2715 long calls for .05 (closed the short side of this spread yesterday)
Closed Dec 29th 2665 long puts for .20 (closed the short side of this spread yesterday)
Closed Dec 29th 2700 long calls for .25 (long spread bought for 2.85 last week when I though the Upside Warning was going to fire)
Also:
Sold Jan 5th 2650/2675/2695/2720 #CondorRoll for 7.30. This puts me in two tight condors for next week, as I sold the Jan 3rd 2650/2675/2790/2715 condor yesterday.
I would expect a small rally next week, but ready to roll as always.
(Almost) Can’t win with $RH
#ShortStrangles It is fitting that after weeks of being blown out to the upside that my short PUTS go ITM on the day of expiry. This started as a Sept 8th 38/64.5 #Earnings strangle. I’ve been rolling out the call side ever since, and now finally ending the trade with trouble on the put side.
Even though I’m closing the 90’s at a small loss, the 85 was profitable and 110 calls also closed for .05. This puts me barely in the green on $RH so I’m walking away. I will be back next earnings. Love the challenge.
Closed $RH Dec 29th 85 put for .10. Sold for 1.65 on 12/6.
Closed $RH Dec 29th 90 puts for 2.65. Sold for 1.25, avg price.
MNK–Rolling a loser
Rolled $MNK Jan 19 30 puts out to Feb 30 puts for .10 credit. Getting another month for the stock to recover and booking the loss in 2017.
Will History Repeat
From Schwab Market Update
Perhaps it’s premature (or even a jinx) to mention that if the S&P 500 ends December in the green, it will be the first time in history that U.S. stocks—as measured by that index—were up during every one of the 12 months. The only other year that came close was 1995, which saw a tiny drop of 0.4% in October. Incidentally, this year is most highly correlated to 1995 of all years since the S&P 500’s inception, according to Bespoke Investment Group (BIG). For what it’s worth, 1995 was followed by another strong year in 1996—up 23% for the S&P 500.
WOW HAPPY NEW YEAR
WOW HAPPY NEW YEAR
hedge funds
Saw a web site that looks at what hedge funds are buying/selling. We maybe able to pick up some ideas here.
www.whalewisdom.com
Covering our remote office so…
Covering our remote office so had some time to trade at the end of the day.
GILD rolled 78 put 29 DTE out to 43DTE for 0.4 credit. Original sale was 5.85 after rolls so making a few $ on the trade now.
WDC rolled 90 put 22DTE to 29 DTE for 0.36 credit. Originally sold for 15.45 off rolls so this is still a nice profit.
My thought on the GILD and WDC recoveries is a few more rolls then close out at profit, or once the longs are covered keep it rolling as a #fuzzy. Depends on what the market does but they tend to work well so may keep it going. Both are bi-directional (call/puts/stock) so don’t really care if they move or not. Plus I picked up the dividend on GILD.
SVXY rolled various 105 puts, 1 DTE and 8 DTE out to 2/2 for 2.87-3.37 credits. Original sales were 1.71 and 1.
Happy new year, done until next week unless I add a week the #spycraft tomorrow or roll the profitable Jan 12 IC. Will post if I do it.
LTC Trade
#spec trade
Sold LTC earlier, Like Fuzzy did his trade, at 240.00…Entered a few weeks ago at 98.50…
time to take some profit off the table..
#ironcondor BIDU #shortputspread Feb. 19…
#ironcondor BIDU #shortputspread
Feb. 19 200/210/260/270 for 1.88 with BIDU at 234
AVGO couldn’t get filled on Feb. 250/240 put spreads, tomorrow maybe try again
TAP
#ShortPuts – Booking my highest strikes in an #IRA …
Bought to Close TAP Jan 19 2018 77.5 Put @ .30 (sold for 2.05)
Bought to Close TAP Jan 19 2018 75.0 Put @ .15 (sold for 1.42)
AGQ
Started the #SyntheticShort NUGT trade recently on the gold rally. Silver running too so pulling this one out of the dust bin and watching it again to possibly add a short silver position eventually. Looking at the 36 level for an entry with an add at 40.
ETH
#CryptoCurrency -Risk reduction and booking some gains. Tim Knight suggesting it might re-test the 400 breakout level.
Sold to Close ETH (Ethereum) @ 699.00 (Bought for 167.07)
AVGO
Thanks @Jeff ….I’ll join in with a #ShortStrangles . Worked nicely last time.
Sold AVGO FEB 2 2018 250.0/290.0 Strangle @ 5.00
#spycraft Current profit on the…
Current profit on the Jan 12 IC is approaching goal, currently $106 on 5 contracts and the goal is 130-150. We can probably roll this tomorrow to Jan 26 or at the very latest Tues.
For everyone in any spy, spx, /es trades there is a sell signal from 12/21 and a loading squeeze. Not sure which way it will go, chart says down but be ready to adjust and maybe some opportunity in the new year. If I were putting on a position today probably would just sell the call side and leg into put later.
Update on yesterday post, the cash balance is now $7669 so might be able to add another contract in 2-4 weeks provided we do not need an adjustment.
SPX trades
#SPXcampaign Since $SPX has been up only 5 times in the last 20 years on the last day of the year, I closed the put side of this #IronButterfly. Letting the call side expire.
Closed $SPX Dec 29th 2690/2665 put spread for 7.40. Sold in an #IBroll for 17.55 last week (with 2690/2715 calls)
Also, trying to shake up this dull market: Sold June 3rd 2650/2675/2690/2715 #IronCondor for 6.50. These expire in just two trading days. My expectation is a slight drop tomorrow and then an up day on Tuesday.
SJM
I followed Iceman and bought to close the 105 puts that I also sold @ 1.80
I am still short the .95 puts that I sold @ 1.10
Is anyone familiar with the…
Is anyone familiar with the Volatility Trading Strategies group on FB? I was recently accepted in, haven’t spent enough time with it to determine the quality, members post VIX product trades.
“The purpose of this group is to share volatility trades and trading strategies. To engage in options and stock trades in the following products, VXX, SVXY, XIV, VIX, UVXY, and TVIX. As well as to learn how to better manage these positions with the use of VVIX, /VX futures, market correlations, technical analysis, and economic/fundamental analysis.
Our goal is to provide a transparent, cooperative learning environment where people can post trades, express opinions, and receive feedback to better further their trading.
Spam and bullying will not be tolerated and will result in a ban. BS will only be tolerated at the discretion of the Admins. We want this group set apart, with clean, concise, valuable conversation.
This group will be limited to 249 members to secure the viewing features granted by Facebook to smaller groups, and will have a membership poll if that number is reached. If you find yourself removed from the group for not voting in the poll/inactivity, feel free to request membership again. You are more than welcome!”
#syntheticcoveredcall MYL Sold Jan. 18…
#syntheticcoveredcall #fuzzy MYL
Sold Jan. 18 43 call for .54 to go with MYL trades yesterday
CSX
BTC CSX Dec29’17 55 calls for 0.20, STO was 0.44. These are close to being in the money so NOT rolling the dice for tomorrow! STO Jan5’18 55.5 calls for 0.39.
Fuzzy Week
All my #Fuzzy trades for the week are now managed, so here’s an early weekly recap of everything (the “Total Hedge Collected” includes open orders, and is net of any closures/rolls:
1. JPM: Core debit: 2.51 Net Hedge Collected: $2,540 Revised Core Basis (0.03)
2. DWDP: Core debit: 1.44 Net Hedge Collected: ($60.00) Revised Core Basis 1.50 (unhedged)
3. CELG: Core debit: 2.38 Net Hedge Collected: $1,040 Revised Core Basis 1.34
4. RCL: Core Debit: 3.59 Net Hedge Collected: $1,390 Revised Core Basis 2.20
5. FAS-1: Core Debit: 2.08 Net Hedge Collected: $1,580 Revised Core Basis: .50
6. FAS-2 Core Debit: 2.12 Net Hedge Collected: $1,570 Revised Core Basis: .55
7. LMT-1: Core Debit: 6.20 Net Hedge Collected: $2,450 Revised Core Basis: 3.75
8. LMT-2: Core Debit: 6.20 Net Hedge Collected: $2,550 Revised Core Basis: 3.65
9. MU: Core Debit: 2.80 Net Hedge Collected: $1,220 Revised Core Basis: 1.58
9. CSX: Core Debit: 2.24 Net Hedge Collected: $550 Revised Core Basis: 1.69
10. QQQ: Core Debit: 2.73 Net Hedge Collected: $800 Revised Core Basis: 1.93
11. IWM: Core Debit: 2.25 Net Hedge Collected: $640 Revised Core Basis: 1.61
12. MCD: Core Debit: 3.12 Net Hedge Collected: $1,070 Revised Core Basis: 2.05
13. CMCSA: Core Debit: 1.38 Net Hedge Collected: $560 Revised Core Basis: .82
14. AAPL: Core Debit 5.27 Net Hedge Collected: $1,320 Revised Core Basis: 3.95
15. BABA: Core Debit 9.43 Net Hedge Collected: 965 Revised Core Basis: 7.50
16. CVX: Core Debit: 2.33 Net Hedge Collected: $940 Revised Core Basis: 1.39
Let me save you the time of adding up the hedge numbers: $21,125.00
This represents net hedges including closed (netted for p/l) and open orders. I have definitely NOT seen this number filter down to the bottom line due to pullbacks in underlyings (RCL, CELG, FAS, MU). Also I’m keeping meticulous track now with hedge rounds on sales vs covers to see the average amount of premium retained. It’s roughly looking like 50%–but too soon to say with so many new entries on the list. These trades are still in their infancy as far as roll cycles. JPM and CELG have had the most rolls, many of them are still in their first or second roll cycle. I’m still very happy with how this program is going. Thanks for following along. Like I just said to my friend @MamaCash this morning….nuance hides under bushes until flushed out. So it will take a few more months for me to learn all the nuance behind these. I know @fuzzballl has the nuance nailed, but I have to tear things apart to the core.
AVGO bullish
#ShortPuts Taking a pre-earnings long position in $AVGO. Doing this old school… not diving into the #Fuzzy trades yet.
Sold $AVGO Feb 16th 250 puts for 5.85.
Saw this on Fast Money last night and the chart set up looks good, along with NFLX.
DISH and REGN
#IRA – Trimming some risk in an IRA and freeing up a ton of margin. Booking a few that I’m either not happy with or have made a high percentage of max. More to come later…
Bought to Close DISH MAR 16 2018 42.5 Put @ 1.30 (sold for 1.50)
Bought to Close REGN Jan 19 2018 350.0 Put @ 1.80 (sold for 5.90)
NTES
#ShortStrangles – Instead of venturing back into NVDA, (still have the #SyntheticStock in a different account) going with one that worked nicely last time and is having a nice down move today. This sale should be well before earnings…
Sold NTES JAN 26 2018 325.0/400.0 Strangle @ 6.20
RIOT
Check out the option premium in RIOT, was looking at a TT trade…
GILD
Rolled 77.5 put 22 DTE to 50 DTE for 0.67 credit. Sold for 5.40 as previous roll, officially break even now. Next roll should bring some cash back in.
NVDA
#ShortStrangles – This one has been a little bit of a hassle. Started as a strangle then became a straddle and then an “inverted calendar”. Picking up nice premium all along so booking and looking to re-center just prior to earnings.
Bought to Close NVDA DEC 29 2017 195.0 Call // JAN 12 2018 197.5 Put @ 7.40 (sold for 11.15 total premium)
ADSK
#SyntheticStock – Still selling. Rolled a small earnings loser into synthetic for a repair trade.
Bought to Close ADSK DEC 29 2017 107.0 Calls @ .03 (sold for .79)
Sold ADSK JAN 12 2018 106.0 Calls @ 1.24
SPX
#RocketManHedge – Watching John Carter’s free video last night…he’s expecting a massive rotation after the first of the year and throwing around downside numbers like 2550 (of course he was super bullish on GLD at 123 around Thanksgiving 🙂 ). Just in case this prediction is a little better I’m giving my hedges a little more room. Booked my last aggressive put sale right at the open today and re-selling a little lower.
Bought to Close SPX DEC 29 2017 2695.0 Put @ 8.50 (sold for 12.10)
Sold SPX JAN 10 2018 2660.0 Put @ 6.50
VRX
BTC VRX Dec29’17 22.5 calls for 0.04, STO was 0.27. Waiting to sell more for next week… could be a minute, could be tomorrow.
Closed Early on GTC AMZN SPX
$AMZN BTC 1/19/2018 1070/1080 BUPS @ .20 86% profit
$SPX BTC 1/12/2018 2765/2740 BECS @ .30 81% profit Thank you @jeffcp66
Good Morning
Good Morning
Good morning
It is so dead that I am tempted to post my Friday expirations this morning.
STO SPX Dec 29 2650/2645…
STO SPX Dec 29 2650/2645 .15
12/27 #Fuzzies With just a…
12/27 #Fuzzies
With just a couple trading days left in the year, my focus today was getting fuzzy rolls completed on anything in-the-money that might be exposed to early assignment due to end-of-year activity.
1. CELG BTC Dec 29 106 c for 1.60, STO Jan 12 107 c for 2.70. Yep….big fake out on this. What was firmly ITM this morning quickly became OTM right after my roll. But that’s why NOT legging the roll benefited me. Crappy price on closing out the 106, but fantastic price on the 107. Roll out and up.
2. DWDP There was some really unique bullish UOA on this yesterday, so I took the risky move of removing my hedge so this can run unfettered. BTC Dec 29 71.5 c for .45, currently unhedged.
3. CSX BTC Dec 29 54 c for 1.26, STO Jan 12 55 c for 1.21, roll out and up.
4. New Fuzzy CVX Jun 125/125/115 for 2.33, Jan 12 127 calls for -.94
5. FAS hedge was down to about .04 so I wanted to get a straight-across roll for .80 to Jan 12, the executed roll-spread numbers were all over the place, but they netted out to my .80 credit for the roll.
6. IWM: Dec 29 153 BTC for .96, Jan 5 154 STO for .96….got $1.00 for nuttin’. Roll out and up.
Fuzzies that still need managed this week:
JPM (in the money)
LMT
SPX calls sold
#SPXcampaign Missed the top and never got an afternoon bounce. So I sold this when we were flat-on-day.
Sold $SPX Jan 26th 2740/2765 call spreads for 1.85.
Closed on GTC orders:
Dec 27th 2665/2640 put spreads (yesterday)
Jan 5th 2570/2545 put spreads (today)
Short Puts AMZN
#shortputs
$AMZN STO 1/19 2018 1110/1130 BUPS @ 2.10
MGM
#SyntheticStock – Squeezing and looking like it wants to go up. Questionable when earnings are but hopefully after where I rolled this. Sitting on a nice profit and picking up another .64 of upside here. May close it all with a break above 35 into the open sky.
Rolled MGM DEC 29 2017 32.0 Calls to FEB 2 2018 32.5 Calls @ .14 credit
#spycraft STO the Jan 19…
STO the Jan 19 260/256 put credit spread at 0.21 and the call side at 272/276 for 0.30 credit. 5 contracts so $255 credit. Goal is about $140 per week for a double in a year. Closing the Jan 5 yesterday was a $160 profit so above the goal so far. We will need some extra cushion for the adjustments.
I closed my Jan 5 IC yesterday, today there are better prices at 0.03 and 0.05. My goal with these is to close them before they can get into too much trouble with the gamma risk. But if you are following up to you whether to close/roll or let expire. I personally have seen too many good profits slip away close to expiration so my plan is a rolling ladder 1-4 weeks out and will close a week or 2 before expiration if I have a profit. I am also looking at my alphashark bollinger band charts to leg in and out, looks flat for a while (momentum sitting right at zero) so opened the IC today 23 DTE.
The account was originally $7140. When it gets to 8k will add a contract, basically every 1k added will add a contract for compounding. Cash value $7555 today so in another few weeks should be able to increase contract size to 6.
No other trades for me until tomorrow and Friday, just need to sit on my hands and let theta decay work its magic.
Chris
TLT
#PerpetualRollingStrangles – Still inverted and still rolling. Collecting premium every month…I call it my #SyntheticDividend … 🙂
Rolled TLT JAN 19 2018 121.0 Calls to FEB 16 2018 121.0 Calls @ .22 credit
Rolled TLT JAN 19 2018 123.0 Calls @ FEB 16 2018 123.0 Calls @ .37 credit
And closed a little bonus trade:
Bought to Close TLT JAN 12 2018 125.0/130.0 Strangles @ .64 (sold for 1.35)
DWDP
Earlier today BTO DWDP Mar’18 +72.5c -72.5p +70p for 0.95. I’m gonna wait to sell against this one, it’s in a tight volatility squeeze, hoping to see a pop. Thanks Sue! and Fuzzy for contributing.
#shortstraddle TWTR Yesterday from DIA,…
#shortstraddle TWTR
Yesterday from the DIA, sold Feb. 16, 24 straddle, for 3.44
#ironcondor #jadelizard FB Followed Fauzia…
Followed Fauzia at TT, sold a jade lizard with a margin reducing put. Feb. 2, 150/167.50/185/187.50 for 2.85
AAOI
#ShortStrangles – Still selling…
Bought to Close AAOI DEC 29 2017 41.0 Calls @ .05 (sold for .85)
Sold AAOI JAN 12 2018 40.0 Calls @ 1.10
BABA
#SyntheticStock – With only half size position in BIDU I’m adding half size in BABA. This all adds up to full size position for China…LOL
Bought to Open BABA JAN 17 2020 175.0 Calls @ 34.72
Sold to Open BABA JAN 17 2020 175.0 Puts @ 29.06
Bought to Open BABA JAN 17 2020 170.0 Puts @ 26.42
This gives a net debit of 32.08 for the Jan 2020 position. Add the 5 point max downside and get a max loss possibility of 37.08. Based on that, and the 107 weeks remaining in the trade I only need to average about 35 cents per week in sales to cover the absolute worst case scenario. And…BABA has great weekly premium.
So:
Sold BABA JAN 5 2018 177.5 Calls @ 1.25
Att bad CEO is laying…
Att bad CEO is laying people off, instead of hiring especially with “the new tax 20% bill”. Am I missing something. Either the CEO should get the boot, or there is something with the new tax bill that we do not understand?
Short Puts NTNX
$NTNX STO 1/19/2018 35 put @ 1.22 Thank you @honkhonk81
UVXY
#SyntheticShortStock – Rolling short puts out and down to unlock max profit on current position. After the next split will add new shorts in 2019 and 2020 so these puts should be just a small blip on the radar when it’s all said and done.
Rolled UVXY JAN 18 2019 10.0 Puts to JAN 17 2020 5.0 Puts @ 2.74 debit
Rolling MZOR Put
#shortputs
$MZOR BTC 1/19/2018 60 put to 2/16/2018 60 put at additional 1.30 credit.
Closing WYNN Early WIN
$WYNN STC 1/19/2018 140/155 BUCS @ 14.50 BTO 10/27 @ 5.80. Squeezed out 94% of max profit.
NUGT roll
#ContangoETFs Rolled a NUGT call to avoid falling ITM:
Closed $NUGT Jan 19th 30 call for 2.96. Sold for 1.30 early in Dec
#Rolling Sold NUGT June 40 call for 3.35
Also, sold highest June strike, 47 call for 2.46.
REGN
#SyntheticStock – Taking my own advice with this one. Sold the covered stock on the bounce and rolling it all into #SyntheticStock. Going in at twice the size for only one fifth of the cash required to hold the stock while drastically reducing risk.
Stock was originally assigned at 470.0 and weeks of call selling has reduced that to a 416.70 basis. Sold the covered stock position this afternoon for 381.40. I’ll roll the 35.30 loss into the basis of the synthetic by adding 17.65 to that cost (since synthetic is twice the size).
Bought to Open REGN JAN 17 2020 400.0 Calls @ 74.06
Sold to Open REGN JAN 17 2020 400.0 Puts @ 71.68
Bought to Open REGN JAN 17 2020 390.0 Puts @ 66.62
Net debit of 69.00 plus 10 dollar downside risk plus 17.65 from existing stock position for a total max loss possibility of 96.65. With 107 weeks for the trade to run only need to sell about 90 cents a week to cover entire worst case scenario.
So:
Sold REGN JAN 5 2018 397.5 Calls @ 1.95
Options Bistro 