Too busy to post trades yesterday, not much just some clean up.
SWKS rolled 102 and 104 puts for 1 DTE and 7 DTE for 0.94 and 0.60 credits. Sold for 4.15 and 5.25 after rolls. I was ready to close out the #fuzzy on this at max profit, then it dropped 3 points yesterday. So will roll a few more times until I can close it at a profit. Had recovered the 17 point drop, now need 3 more for some profit.
Lost my chicken scratch trade sheet but I also rolled some SVXY puts around 100 out 28 DTE for 1.35 credits.
#spycraft may need to close the /ES strangle 2615/2910 39 DTE depending on what the futures does at the open Sunday night. @fuzzballl cue the chicken, maybe.
If we are down 25-50 points will actually be perfect. We start moving more than that will probably just close. Be ready for anyone else in this trade. We have a lot of range to play with, but I don’t have a lot of margin left so for me will be a necessity to close if it starts going negative. If this were next week, no problem, have some big trades closing but my margin cushion is thin this week.
#Earnings -They pull this crap every quarter. How can you wait until Friday after the close to announce earnings will be before the open on Monday. Wanted to sell calls against my bull put spreads for earnings.
Wynn Resorts Announces Fourth Quarter Earnings Release Date
LAS VEGAS–(BUSINESS WIRE)–Jan. 19, 2018– Wynn Resorts, Limited (NASDAQ: WYNN) announced today that it will release the Company’s financial results for the fourth quarter ended December 31, 2017 prior to the market open on Monday, January 22, 2018, followed by a conference call at 9:00 a.m. PT (12:00 p.m. ET).
There…I feel better after venting a little…
I think the #FuzzyTwist is a no-bueno trade. Only works well with strong movement in either direction, negative theta very strong on it. The enemy of the trade is consolidation. We’ve got a binary open on Monday with the government shutdown, so we’ll see how it does, but I’m pretty ready to kick it to the curb.