Fractured Focus Today
I heard this is the best trading week since sometime in 2006? This is also the week 5 sheriff deputies were shot in my (almost) backyard. Fractured focus today as I left trading behind to try to honor the victim just a little. I’m happy to live in a community of many people who felt the same way.
I’ll post more tomorrow….especially about the power of unhedged Fuzzies. This morning, I found myself with $1.9M in SPY power, with only $63K at risk. Oh @fuzzballl You are like an onion of opportunity!
Sue
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Daily Archives: Friday, January 5, 2018
Late Fill Roll SVXY Calls
#rolling
$SVXY BTC 1/19 75 call @ 60.96 STO 3/16 80 call @ 58.20 Might be delaying the inevitable. Duh
OptionsExpiration
Might be my smallest expiration in years
$C $72 puts
$RCL $124 #coveredcalls
No $SVXY, $UVXY or $VXX expirations this week
Running pretty low on short option positions.
Expiration
$SPX 2500/2525 BUPS STO 12/5 for 1.45 Thank you @jeffcp66
$NFLX 205 call (Twas covered – what’s five points among friends) Still profit was made on stock as well
Have a great weekend. Those of us needing warmth – layer up.
Expirations
Only 4 today but I have a big one on the 19th.
SVXY 60 puts
SVXY 65 puts
SVXY 70 puts
SVXY 75 puts
Short Puts OLED EXAS
#shortputs
$OLED STO 2/16 169/170 BUPS @ 2.55
$EXAS STO 1/19 55 Put @ 1.95
BTC SPX 16 FEB 18…
BTC SPX 16 FEB 18 2605/2505 BuPS @3.25 Sold on 2 JAN 2018 for $5.00
BOT SPX 16 FEB 18…
BTC SPX 16 FEB 18 2595/2495 BuPS @2.90 Sold on 1 JAN 2018 for $5.70
JCI, STZ
STO JCI, July 33 puts @.85
STO STZ, April 200 put On 1 contract @ 3.20
MYL
Roll MYL Jan05’18 43 calls to MYL Jan19’18 43.5 calls for 0.07 credit. I had a hard time getting this order in, Interactive Brokers is having some sort of an issue with their site. Earnings for MYL coming up supposedly on 02/05/18.
SVXY roll
#VXXGame Doing a @fuzzballl style #ReverseRoll on this one. My naked call was bound for #EarlyAssignment any day now so I finally closed it. Getting some of that premium back with an ITM put spread. If we have a significant drop before June, I can sell the long put and take assignment of the stock at a decent cost basis.
Closed $SVXY Jan 16th 97.5 call for 38.35. Sold as the 195 call for 6.25 on 1/6/17, exactly a year ago…. cost basis 3.125, so not a great trade!
Sold SVXY June 150/110 put spread for 18.40. So for instance if SVXY dips to 80 at June expiration, I would get the stock at 101.60 cost basis. I’ll be looking for another roll on the next pullback.
SPX Campaign / Long Calls WUBA / Short Puts BA
#spxcampaign
$SPX STO 1/17 2705/2730 BUPS @ 6.25 Thank you @jeffcp66
$SPX STO 2/2 2635/2660 BUPS @ 1.55 Ditto
#longcalls
$WUBA BTO 2/16 75/85 BUCS @ 5.00
#shortputs
$BA STO 2/16 280/290 BUPS @ 2.15
AMZN covered call roll
Rolled $AMZN Feb 16 1220 call up and out to Apr 20 1260 call for 1.19 credit. Getting another 40 points of room to the upside.
Bespoke’s List of the Most Volatile Stocks on Earnings
#Earnings https://www.bespokepremium.com/think-big-blog/bespokes-list-of-the-most-volatile-stocks-on-earnings-2/
SPX trades
#SPXcampaign Here are the $SPX trades I made on the Great Market Dip of 2018 (the 3-point drop between 9:30 and 9:55 PT)
Sold Feb 2nd 2660/2635 put spreads for 1.55
Sold Jan 17th 2730/2705 put spreads for 6.50
BOUGHT Jan 16th 2750/2770 call spreads for 2.80
COST
BTC January 19, 125 puts @ .01two weeks early. Sold @1.15
BTC 3x EXPR 118/116 Jan…
BTC 3x EXPR 118/116 Jan 12 .05 profit after comm 63.00 4 days, still have 1 expiring today
$UVXY
#VXXGame
OK, I got bored. Entered this defined risk trade based on upside warning and potential continued decline in $UVXY
STO Jan 12 $UVXY $8/$9.50 call spreads @ $0.74
Doesn’t take much of a drop for this to be profitable
Closed Early
$COST BTC 1/19 203/195 BECS @ .40 STO @ 1.11 62% of available profit
AVGO call added
#ShortStrangles Sold another $AVGO Feb 16th 290 call for 3.75. Why do I get the feeling I will have to roll it?
STZ
STO July 190 put @ 3.30
$SVXY
Morning Before I get drug off the the other gig I sold some Jan 19th and Jan 26th 120 Puts yesterday and today. Hope everyone is safe and warm.
SPX trade
#SPXcampaign I was futzing around with taking some risk off yesterday, but was not filled. Then I forgot to take the order off, so this closed overnight, regretfully now that it’s trading at .60.
Closed $SPX Jan 8th 2710/2685 put spreads for 1.40. Sold for 6.20 on Wednesday.
December Jobs Report
+148,000 non-farm payroll jobs, vs 180K expected
Unemployment holds steady at 4.1%
U6 unemployment up one tenth to 8.1%
Wages up 0.3%, totaling +2.5% for the year
Labor force participation holds at 62.7%
Upside Warning in effect
#VIXIndicator #Market An Upside Warning went into effect, meaning the risk is to upside: higher prices on the indices. I was hoping for some relaxation or minor pullback to start us off, but we are over 8 points higher again on $SPX. No use fighting it.
Jobs report in 20 minutes.
Options Bistro 