Missed the segment on TT this morning about utilities. Searched back through the forum here and see some of you guys have played it over the last year or two.
Looking like a nice possibility as a #SyntheticStock or a #Fuzzy. Probably low risk and slow moving for a long term play…
For example:
Jan 2020 52/52/50 Synthetic would only require selling about a nickel per week to cover max loss. Take the trade with a decent size and get a little bounce could be a nice winner.
STO WDC Jan 12 79/77 .17
#spxcampaign
$SPX STO 1/19 2715/2740 BUPS @ 5.80 Thank you @jeffcp66
#rolling
$DVN BTC 2/16 39 put STO 2/16 41 put at additional .43 credit
#shortputs
$CRZO STO 2/16 22.50 puts @ .95
Closed Early
$FB BTC 1/19/2018 BUPS @.10 STO 11/22 @ 1.85 94% of max profit
$TRU BTC 3/16 35 puts @ .05 STO @ 1.40
I wonder what the odds are for going another 11 months without a correction?
$SVXY Also sold Jan 19th 130 Puts @ 2.00 when SVXY was at 137.15. Some times I think I should just sell puts on SVXY and forget equities entirely.
Well I closed out my Jan 19th short 45 Put this morning with the sell off after the down grades last week. A 2.40 loss. I didn’t roll it as it looked to have more down side to go. I went off to work my set gig just before it started the day’s recovery. Now it is back up and I feel foolish for closing it out. I’m considering the Jan 26th 45 Puts for 2.25. Is this a revenge trade? Probably. Maybe I should walk away. I estimate earnings are early Feb.
#ShortPuts -Throwing this out there in an #IRA ….
Sold REGN APR 20 2018 300.0 Put @ 3.20
#ShortPuts -Throwing these out there in an #IRA ….
Sold XBI MAR 16 2018 83.0 Put @ 2.60
Sold XBI MAR 16 2018 80.0 Put @ 1.68
Sold XBI JUN 15 2018 75.0 Put @ 2.13
#SyntheticStock – Posted on this over the weekend so giving it a try as an experiment. Rolling synthetic core up 50 and front month call up 50 and receiving a 3.07 credit. I’ll wait until after earnings to see if any more adjustment is needed. Assuming the stock doesn’t blast off on earnings, this roll should make the weekly a little more rollable in the future.
Rolled AMZN JUN 21 2019 1050.0/1050.0 Synthetic Stock up to 1100.0 in same expiration @ 48.50 credit
Rolled AMZN JAN 19 2018 1010.0 Call to FEB 16 2018 1060.0 Call @ 45.43 debit
On the move down in biotech today, sold $BIIB Feb 16 300 put @ 3.60. Chart showing support at the 300 level. If there’s a bounce in the next couple of weeks I’ll get out early but if not I’ll likely hold through earnings on 1/25.
Sold $EXAS Jan 12 49 puts @ .80 with the stock at 50.99. Thanks for the idea @thomberg1201.
GILD rolled the 4 DTE 72 call to 46 DTE for 1.65 credit. Profitable now so if anywhere in that area at expiration will let it assign to free up some margin.
#Fuzzy Biotechs
Big move in Biotechs this morning after talking about some positions over the weekend–definite pain in EXAS/EXEL/GWPH/CELG. I’ve got two fuzzies in EXAS, one was hedged and DITM, one was unhedged. Luckily my vow to really try to not overtrade these paid off today since I didn’t jump the gun on managing the DITM hedge on EXAS. So I was able to BTC the Jan 12 55 calls for 50% gain (.70 vs 1.35). EXAS pre-announced quarterly earnings, they are presenting this week at the JPM conf, so continued volatility this week is expected.
CELG: I used the AS-BB osc. to cover my hedge for $2300 profit and eventually reset the hedge. BTC Jan 12 107 c for .40 (sold for 2.70), STO Jan12 105c for .76. CELG is now my oldest fuzzy with a total collected hedge now of $4100.00 (yesterday’s report was wrong-cell ranges were missing on my spreadsheet formulas). The synthetic line is $110…so hedging has absolutely saved this position (though it still has net loss). I have collected 1.72 OVER the initial trade debit. Earnings coming up.
QQQ: I shut it down for net $1171 profit. My rolls have been sloppy, I’d like to reset with the tighter put that I’m using now on indexes. In my weekend work, I show QQQ with lagging strength over SPY.
SPY Unhedged Fuzzy: Added Feb 273/273/269 for 2.51 x 15
DIA Unhedged Fuzzy: Added Feb 252/252/248 for 2.17 x 15
#SPXcampaign These closed this morning on GTC orders:
$SPX Jan 12th 2690/2665 put spreads for .25. Sold for 3.20 one Jan 3rd.
$SPX Jan 18th 2620/2595 put spreads for .20. Sold for 1.60 on Dec 22nd.
Upside Warning working… this morning’s minor drop another entry opportunity.
#SyntheticStock – Booking this one before it gets away…another one straight up. Maybe an earnings pullback to re-enter. We can hope!
Sold to Close 190/190/185 synthetic @ 67.80
Bought to Close 202.5 short call @ 21.60
Net credit to close of 46.20 plus weekly premium of 2.35 for total credit of 48.55
Entered the trade for 41.00 so a nice little 7.55 gain. Could’ve been better but just went up too fast…
#SyntheticStock – Same as BABA but more extreme….giving back a little of the weekly premium I’ve sold but picking up some more upside.
Rolled BIDU JAN 12 2018 237.5 Calls to FEB 23 2018 250.0 Calls @ 2.34 debit.
#SyntheticStock – I don’t mind things going up but does it always have to be STRAIGHT UP? 🙂 Rolling front month short calls up and out.
Rolled BABA JAN 19 2018 180.0 Calls to BABA FEB 9 2018 185.0 Calls @ .37 debit
#SPXcampain STO SPX 28 FEB 18 2620/2520 BuPS @5.10
STO SPY Jan 19 270/268 Puts .16 BTO SPY Jan 19 273 call total cost 1.47
#shortputs EXAS
Sold Jan. 12 49 put for .80
#PerpetualRollingStrangles – Filled Friday but missed it. This entire position sat inverted for all of 2017 with rarely either side getting taken out. Still made 2.5 times margin required. I’ll keep it going…nice steady theta day after day with little P/L change due to the inversion. 6 contracts each for 4- 5k margin…
Rolled TLT JAN 19 2018 127.0 Puts to TLT FEB 16 2018 127.0 Puts @ .75 credit.
Everything now in Feb monthly. 121/123 calls and 127/130 puts. Showing $40 theta per day for 4500 margin with a delta of +12. How did I decide on the position size? Stress tested it through TOS Analyze tab using TLT at 87 and/or 143. Using it’s most extreme values over the last 10 years the risk was satisfactory considering the annual returns.
#ShortStrangles – Earnings not for 2 more weeks but IV still hanging in there this week for some reason. Squeezing the strangle in a little for additional premium. Expires Friday…
Rolled 350 put to 370 for 2.75 credit.
Now sitting at 370/400 @ 8.75
#RocketManHedge – Core position in March…selling against it.
Bought to Close SPX JAN 10 2018 2700.0 Put @ .35 (sold for 11.70 net after a roll up)
Sold SPX JAN 17 2018 2725.0 Put @ 5.00
#SPXcampaign Earlier sold my standard, 5-week-out, campaign trade (Feb 9th expiry). Here I’m selling an aggressive, ATM, shorter timeframe as it looks like the morning weakness is ending. This one will be on a shorter leash, and if we haven’t moved higher by this Friday I will likely roll it.
Sold $SPX Jan 19th (Friday PM expiration) 2740/2715 put spreads for 6.95.
Adding to positions.
STO April 40 puts @1.95
STO July 35 puts @1.90
STO April 45 puts @ 3.10
Getting slammed
I’m changing the name of my site to Options Blockchain Bistro-Coin. I’m selling only 100 shares, opening ask is $1.6 million each.
#SPXcampaign Sold $SPX Feb 9th 2650/2625 put spreads for 1.60.
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
We are showing a whopping $9 profit on the adjusted call side of the Jan 12 271 long call 6, 272 short call and 276 call 5 of those. I am going to close mine this morning. This could be the start of a 3 point or 30 point reversal but with only 11 DTE there is not much more time to adjust and now we have a slight profit, if we wait until expiration it will be a $410 loss. The hedge worked, time to take it off and will establish new range tomorrow.
Of course you can stay in if you think we are going higher. I personally will close. We made $255 credit on the IC initially. With the adjustment we are now up $9. Not being greedy, just want to keep most of the initial credit and move on and we have the opportunity at the open to do that.
Earnings Season kicks off on Friday, 12 Jan with JPM, BLK and WFC.
NOTE: There may be errors and omissions in this list. Please perform your own due diligence and confirm the earnings date BEFORE entering a trade.
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Notable Earnings AMC Fri (Last Week)/BMO Mon:
HELE
Notable Earnings AMC Mon/BMO Tues:
AYI, SCHN, SHLM
Notable Earnings AMC Tues/BMO Wed:
LEN, MSM, SNX, SVU, VOXX
Notable Earnings AMC Wed/BMO Thurs:
DAL, FCEL, KBH, PRGS, SJR
Notable Earnings AMC Thurs/BMO Fri:
BLK, JPM, PNC, WFC
Options Bistro 