Happy Holidays

#holiday

Hope everyone has a great and terrific Holiday the Next few days..I hope you all have a prosperous and happy New Year…

Cheers,
The Wiz..

STMP

#Earnings #ReverseRolling – Glad to be out of this at even. Originally was an earnings strangle that took some heat. Rolled the threatened side out to a strangle a few weeks ago. Needed to get out at .30 or less for breakeven.

Bought to Close STMP DEC 29 2017 160.0/195.0 Strangle @ .20

$NKE #ShortPuts – Bought to…

$NKE #ShortPuts – Bought to close NKE Jan 19 2018 45.0 Puts @ 0.01
Originally sold in May at 1.12 as a #FallingKnife trade.

MGM

#SyntheticStock STO MGM Jan5’18 34.5 calls @0.24

LRCX

#ShortStrangles – Booking it and looking to re-center and re-sell just before earnings.

Bought to Close LRCX JAN 12 2018 160.0/200.0 Strangle @ 1.03 (sold for 4.30)

NTES

#ShortStrangles – Booking it and looking to re-center and re-sell just before earnings.

Bought to Close NTES JAN 5 2018 315.0/425.0 Strangle @ 1.20 (sold for 5.50)

EWZ, VRX

#SyntheticStock STO EWZ Dec29’17 40 calls @ 0.27

#Fuzzy STO VRX Dec29’17 22.5 calls @ 0.27

EWZ

#ShortStrangles – Taking another one off at close to min….

Bought to Close EWZ JAN 5 2018 37.0/43.0 Strangles @ .11 (sold for .82)

AMZN

STO January 12, 1050/1100 bull put spread @1.40

$ESV #CoveredCalls – Sold ESV…

$ESV #CoveredCalls – Sold ESV Jun 15 2018 7.0 Calls @ 0.40 with the stock at 5.41

TRTN

#ShortPuts BTC Jan 19 40 put @ 2.03, STO Dec 6 @ 4.40 taking 54%.

@jeffcp66 Killer graphics! Love Santa rolling into LAS with the ’55 Austin Healy 3000 Mk III full of presents pass them out quickly, don’t gamble or you’ll find yourself going home in a Greyhound…bus, that is…ha!
P.S. Buy yourself that gift yet? Checkout WyzeLabs WyzeCam $20 internet capable. Ciao.
edit: WiFi that is

LRCX

STO June 130 puts @2.05 with the stock trading at 185

$DO #ShortPuts – Bought to…

$DO #ShortPuts – Bought to close DO Jan 19 2018 10.0 Puts @ 0.01.
Sold in May at 0.70 as a #FallingKnife trade.

$DUST #CoveredCalls #Rollup – My…

$DUST #CoveredCalls #Rollup – My last roll for this year on this stock.
Bought to close DUST Dec 22 2017 29.5 Calls/Sold DUST Jan 12 2018 30.0 Calls @ 0.25 Credit.
Added a half a point to my strike price while going out 3 weeks.

AAPL

#SyntheticStock – Looking like #Earnings on Feb 2nd so rolling there. With the help of the higher IV getting another 2 bucks of upside for a small debit. After they announce will have to see what to do then.

Rolled AAPL JAN 19 2018 165.0 Calls to FEB 2 2018 167.5 Calls @ .41 debit

Using some of my front month premium sales to pay the debit. Still have 1.86 in the bank for future rolls.

SPX trades

#SPXcampaign Stepping cautiously, once again, into short call spreads. Feels like we may end the year more in consolidation than rally.

Sold $SPX Jan 12th 2740/2765 call spreads for 1.50
Sold $SPX Jan 18th (monthly) 2750/2775 call spreads for 1.60.

Also, closed on GTC order:
SPX Dec 26th 2645/2620 put spreads for .25. Sold for 4.70.

#spycraft

SPX

#RocketManHedge – This should get us the pullback we need… #TakeOneForTheTeam … since my ITM SVXY put spreads aren’t helping let’s try something new. Selling against my March hedge.

Bought to Close SPX DEC 22 2017 2670.0 Put @ .95 (sold for 9.20)

Sold SPX DEC 29 2017 2695.0 Put @ 12.10

EDIT…ITM SVXY put spreads…

SPX

#RocketManHedge – This was sold against my Jan hedge. Max loss more than covered now. Waiting on some weakness for one last sale…

Bought to Close SPX DEC 22 2017 2640.0 Put @ .20 (sold for 3.70)

AVGO

#ShortStrangles – Bought to Close AVGO DEC 29 2017 250.0/290.0 Strangle @ .30 (sold for 3.10)

Closed Early

$CAT BTC 1/19/2018 125/135 BUPS @ 88% profit
$SVXY BTC 1/19/2018 27.50 put @.05 STO 2/28 @ 2.20
$MU BTC 12/22/2017 42 puts @ .02 STO 12/14 @ 1.70

SPX puts closed

#SPXcampaign Closed on GTC order: $SPX Dec 22nd 2660/2635 put spreads for .40. Sold for 8.00 last week.

Unusual Option Activity

Here’s why I try to watch “fund flow” very carefully (but not nearly focused enough, I miss a ton on my real time feed)–Fund Flow is defined by large option orders (read by me to be speculation orders vs hedge orders). I was just noticing in my chart scans this morning that ULTA is showing technical strength and is in a squeeze. I decided to check recent option activity. This trade occurred last Friday as an opening trade (these are single orders, not aggregate):
BTO 1800 contracts Jan 230 calls @ 3.45
STO 3600 contracts Jan 240 calls @ 1.25
(bull call ratio spread)
On Friday the stock closed at 218.25
Yesterday the stock closed at 226.00
Those Jan 230 calls are now 5.4 mid. The 230’s are up $360,000 in 6 days.
ulta