#SPXcampaign Closed $SPX Dec 6th 2640/2615 put spreads for 6.25. Sold last week for 6.40.
This was my only remaining put spread expiring this week, but because it is ending the day ATM, I had to cut it loose to avoid risk of a gap down tomorrow or Wednesday. At least it was breakeven.
I rolled it to…
Sold $SPX Dec 15th (Friday PM) 2585/2610/2580/2705 #CondorRoll for 6.30. This one has more time to expiration thus is more flexible to roll if wings are breached.
SWKS #FallingKnife adding
Moving down a strike.
Sold $SWKS May 18 70 put @ 1.25
#ShortPuts #IRA – Adding another one….
Sold NVDA MAR 16 2018 150.0 Put @ 3.69
Still waiting for higher strikes as we get more upside, but in the meantime throwing very small trades out there when the timing is good.
Sold $DUST Jun 15 2018 40 call @ 2.70. Highest strike.
#SPXcampaign Closed on GTC order earlier:
$SPX Dec 8th 2585/2555 for .30. Sold for 4.00 as a #ReverseRoll
The Dec 29th 2710/2735 call spread I sold Friday for 1.50 opened today over 3.50. It is now 1.70. I think I will let live to see another day rather than stopping it. If we go negative I will sell a new put spread.
STO January 2019, 60 puts @4.50 with the stock at 131.69
Forgive the football reference but I think they started running before they actually caught the ball.
Bought $MYL Jan’20 40 call, sold $MYL Jan’20 40 put, bought $MYL Jan’20 35 put @$4.72 debit.
Sold Dec15’17 39 call @$0.35
Added strangle to SWKS with the big drop last few days.
STO SWKS 25 and 32 DTE 107 calls at 0.7-0.74 (don’t know why they split the block) and 0.95.
#CoveredCalls – Showing some signs of life. Pounded it all the way down so trying to get out of the way for the rise from the ashes. Easing this up for now…
Rolled REGN DEC 15 2017 380.0 Call to DEC 29 2017 385.0 Call @ .20 credit
#SyntheticStock – Rolling up and out for a small debit but picking up 3.70 more upside. DIS has lousy strikes for rolling…5 wide in the monthlies. This is another bigly profit blocked by front month calls. From now on I’m changing my attitude about these. Instead of going for aggressive max premium on the weekly sales I’m going to be much more conservative.
When I set these trades up it usually works out where only very small weekly sales are needed to cover any max potential loss since they are all hedged. Let’s say 15 cents is all that’s required each week. I’ll limit myself to 30 cents on the sales which would still be a double long term but would also leave plenty of upside room for these runaway trains…
Rolled DIS DEC 29 2017 100.0 Calls to JUN 15 2018 105.0 Calls @ 1.30 debit.
These seem to be some pretty significant differences. Not sure how smoothly the conference will go to reconcile the two. Full story: https://www.cnbc.com/2017/12/04/republican-house-and-senate-tax-plan-differences.html?__source=twitter%7Cmain
Sold a Dec. 15 37.50 put for .65, maybe take assignment and pick up the dividend at the beginning of Jan. T currently is at 37.37
#Markets I agree with Paul’s sentiment and I am currently playing it this way. Seems once the bill is passed (assuming it will be), that the euphoria will abate and we’ll be stuck with negative headlines from the Mueller investigation. Right now I think we may be entering more of a consolidation phase, or slower trickle up, until the final bill is passed.
https://www.cnbc.com/2017/12/04/jim-paulsen-buy-stocks-before-final-tax-cut-passage-but-sell-after.html?__source=twitter%7Cmain
$VTR #FallingKnife
Raymond James downgrades Ventas (NYSE:VTR) from Market Perform to Underperform. No position yet…
#ShortPuts Sold Dec 15th 90 Puts @ 0.80 when SVXY was at 112.44
TLT Dec 8 127/128 .18
CELG Dec 8 101/100 Puts .19
EXPE Dec 8 121/120 .15
will add call side when and if price is right.
#Earnings One of our favorite earnings trades is back. After a pretty deep dip, premium is decent, although bid/ask spreads are wide and OI is low. So beware.
Sold $AZO Dec 8th 615/780 strangle for 4.50. It took awhile to get filled. Put in an order for a second one at 4.75.
AZO’s ONE-day moves over last 12 quarters: Biggest UP move: 5.8%, Biggest DOWN move: -11.8%, Average move: 2.8%.
It’s FIVE-day moves are actually less extreme… it seems to retrace any large one-day moves over the following days: Biggest UP move: 4.1%, Biggest DOWN move: -6.7%, Average move: 2.5%.
My strikes are +11.4% and -12.1% OTM.
#ShortStrangles – Rolling call side down a little for additional premium…
Rolled NVDA DEC 15 2017 210.0 Call to DEC 15 2017 200.0 Call @ 1.50 credit.
Position is now Dec monthly 200 Straddle @ 7.75
STO January 18, 65 put @ 1.15 adding to my small position
#SPXcampaign I’m resuming selling call spreads as the upside move is likely at least slowing if not consolidating. That said, I will later be rolling the OTM call spread I sold Friday.
Sold to Open Jan 5th 2740/2765 call spreads for 1.50.
Closed on GTC order:
SPX Dec 14th 2485/2460 put spreads for .20. Sold for 1.50 on Nov 14th.
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Notable Earnings AMC Mon/BMO Tues:
ASNA, AZO, BMO, BNED, COUP, FRAN, GIII, HDS, JILL, TOL
Notable Earnings AMC Tues/BMO Wed:
AEO, AVAV, BF.B, FNKO, FRED, HOV, HQY, HRB, JWA, KLXI, PLAY, RH, VEEV, VRA
Notable Earnings AMC Wed/BMO Thurs:
AVGO, CIEN, CONN, DG, FGP, GMS, JKS, KEYS, KFY, LULU, MCC, MTN, NCS, OKTA, OLLI, TLRD, TTC, VRNT
Notable Earnings AMC Thurs/BMO Fri:
AOBC, CLDR, COO, FNSR, SAIC, UNFI
Options Bistro 