Crypto Update

#Cryptocurrency – Added ADA (Cardano) tonight and still holding IOTA. Also added a new one called Stellar (XLM). Verge (XVG) is another one that could be a lottery ticket at 13 cents. Out of everything else…gains so far of about 12k. Very small percentage of that still invested so rolling dice with a small amount of house money here.

ETH – Bought at 167 sold at 699
LTC – Bought at 59 sold at 218
RPX – Bought at .26 sold at 2.12 (could eventually be my biggest regret selling)

IOTA – Bought at 3.87 and holding
ADA – Bought at .77 tonight
XLM – Bought at .67 tonight

EDITED…..added XLM and new mention of Verge.

Evening all or morning or…

Evening all or morning or afternoon. Packed my daughter off to FSU this morning. She is a grad student there. Really had a grand time with her and am sorry to see her go. During the morning I found a short free spot to sell a couple of $ROKU, Jan 19th 2018 45 Puts and was filled @ 1.10. Spent the rest of the day freezing my butt in the barn which shouldn’t happen in eastern NC. Who ordered up this stuff? More of that for the rest of the week too so I’m getting a slow start to 2018. Good to almost be back.

SPX Campaign / AVGO Short Strangle / NFLX Covered Call /NFLX Close Early

#spxcampaign
$SPX STO 2/2 2775/2750 BECS @ 1.50 Thank you @jeffcp66
#shortstrangles
$AVGO STO 2/2 250/290 Strangles Thank yo @jeffcp66 and @fuzzballl
#coveredcalls
$NFLX STO 2/5 205 Calls @ .98 Will it hang on?
Sold Early
$NFLX BTC 1/19 160/175 BUPS @ .20 STO @ 2.70

Happy New Year!

Nice day here in #Fuzzy land
1. Big roll in BABA, BTC Jan5 175 for 7.97, STO Jan 19 182.5 for 4.47, added to core debit obviously, but bought an awful lot of upside range for $3.50
2. MU removed hedge for now, BTC Jan 12 43.5 c for .95 (previously sold for .53)
3. JPM roll to avoid dividend assignment (ex div is 4th) BTC Jan 5 107 c for .92, sold Jan5 108 for .40, still deciding on whether to hold through earnings next week or take all the profits off and reset after earnings–that’s why I rolled to same week. Call premium is very nice for next week. A year ago JPM moved down almost 5 standard deviations on earnings. In today’s volatility that would be about $7.00.

Fuzzies that need managed this week:

CMCSA (ITM)
IWM
JPM
LMT-1
LMT-2
MCD (ITM)
MU (unhedged)
DWDP (unhedged)
QQQ (ITM)
RCL (whoops, this should have been rolled last week, just to gain delta/theta)

#spxstrategy btc on gtc spx…

#spxstrategy

btc on gtc spx 2565/2545 put @ .30 had sold for .75 on 1.19.17
predicted 11 days to 50% return but I will take 14 days.(holidays etc?)

Adding to NUGT ladder

#ContangoETFs Sold $NUGT March 44 call for 1.50. I now have a NUGT ladder that matches my $DUST ladder, all in calls.

#fuzzy

New all-time high

$SPX notched a new one… so much for any bearishness in the new year. Another VIX close below 9.85 but will the FOURTH attempt at three in a row be the charm for an Upside Warning? I posted this in the Twitter feed earlier but I’ll now leave it here:

Dow up +25% in ’17 … time to look for a pullback?
Since ’50, up >25% YTD 10 times.
Higher next year 8 times with 6 of those times up double digits.
Avg +12.6% vs avg yearly return of +8.5%.
In other words, don’t turn bearish simply because ’17 was up a lot.

SVXY

#ShortCalls #ReverseRolling – This is the last of the short calls. Only naked calls now are next Jan at 235 and 260.

Rolled SVXY JUN 15 2018 165.0 Calls to SVXY JAN 18 2019 45.0/260.0 Strangles @ .70 credit

SPX closures

#SPXcampaign A flurry of put spreads closed in the last 20 minutes as $SPX ticked higher. I’m sitting now slightly ITM on a call spread expiring tomorrow (2690/2715). If we don’t open flat or lower, I will have to roll it.

Closed June 3rd 2775/2750 put spreads for .50. Sold in the condor for 6.50 on Thursday.
Closed June 3rd 2670/2645 put spreads for .30. Sold for 3.35
Closed Jan 12th 2580/2555 put spreads for .20. Sold for 1.45

SVXY

#ShortCalls #ReverseRolling – Rolling from short calls to aggressive put spreads…

Rolled SVXY JUN 15 2018 155.0 Calls to JAN 18 2019 160.0/135.0 Bull Put Spreads @ .40 credit

SVXY

#ShortPuts -I’m reverse rolling some more calls that are adding downside risk so closing some short puts that were previous reverse rolls of calls quite awhile back. Strictly risk management here…

Bought to Close SVXY JAN 18 2019 40.0 Puts @ 4.10 (sold for 4.20)

SVXY

#ShortCalls – Early roll trying to stay out of the way. Next time will be a roll to a strangle if we don’t get a pullback.

Rolled SVXY JUN 15 2018 170.0 Call to JAN 18 2019 235.0 Call @ .42 credit

REGN

Zero dark thirty start this morning…just got to the hotel. I see one fill so far…

#SyntheticStock – More weekly trades…

Bought to Close REGN JAN 5 2018 397.5 Calls @ .05 (sold for 1.95)

Sold REGN JAN 12 2018 390.0 Calls @ 3.50

#spycraft BTC Jan 12 271.5/275/261/257…

#spycraft BTC Jan 12 271.5/275/261/257 IC for $0.20 STO $0.50. Thankyou @hcgdavis

#syntheticstock rolled my APPL Jan…

#syntheticstock rolled my APPL Jan 5 175 call to Jan 12 for $0.45 credit

AMZN

BTC 1050/1100 January 12, bull put spread @.40, sold at 1.40 on December 21

MGM MU

#SyntheticStock

BTC MGM Jan05’18 34.5 calls for 0.03, STO was 0.24. Waiting to sell for next week.

#Fuzzy

Thanks to Sue for this ticker!  BTO MU Apr’18 +45calls -45puts +40puts for 0.86. STO MU Jan12’18 45 calls for 0.39.

#spycraft Working an order to…

#spycraft

Working an order to close out the Jan 12 261/257 puts and 271.5/275 call IC. Prices look like 0.08 and 0.13 and sold for 0.19 and 0.28. Just a few $ short of the $140 goal for the week but with the market screaming higher today would rather close at a profit now than have to adjust later in the week.

This is a tradestation account so will have to wait until tomorrow to open a new position (stupid way they calculate margin, does not officially close until midnight).

SPX trades

#SPXcampaign Sold $SPX Feb 2nd 2750/2775 call spreads for 1.50

Closed on GTC order:
Jan 12th 2575/2550 put spreads for .20. Sold for 1.45

FB covered call

#CoveredCalls #CoveredCallCampaign
Sold $FB Jan 19th 182.5 call for 1.30.
Expires before earnings

Econ Calendar for week of 1/1/18

Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.

JOBS report is this Friday, 8:30am ET

Screen Shot 2018-01-02 at 6.42.01 AM

SPX puts closed

#SPXcampaign These were sold on Friday’s plunging close.

Closed $SPX Jan 2nd 2665 puts for .20. Sold on the 2665/2640 put spreads for 1.30.