#spxcampaign
$SPX BTC 1/26 2845/2820 BECS @ 12.00 STO at 4.75
$SPX BTO 2/2 2865/2885 BUCS at 2.40
$SPX STO 2/26 2710/2735 BUPS at 1.60
#earningstrade
$LRCX STO 1/26 207.5/212.5 BUPS at 1.60 Looks good after hours
$AMZN STO 2/16 1345/1350 BUPS at 2.08
#SyntheticShortStock – Missed another one from earlier. Filled in tastyworks account. Is there a way to get text alerts on fills there?
Bought to Close UNG Jan 26 2018 24.0 Puts @ .01 (sold for .22)
Sold these this morning before I had to be away for the day. Saw the apparent carnage on my ticker feed. Must have been an exciting day.
$SVXY Sold Feb 16th 95 Put @ 1.00 when SVXY was at 130.53 Thanks Iceman
$SVXY Sold Feb 23rd 100 Puts @ 1.71 when SVXY was at 132.16
Jan 24 More #Fuzzy
1. New QQQ Fuzzy Bear Feb -168.5calls/+168.5puts/+169.5 calls for 2.47, hedged w/ Feb2 166 puts @.82
2. JNJ, been waiting to see buyers come in on this, there was some nibbling today Apr 140/140/135 @3.85 (has $2.00 intrinsic). Hedged w/ Feb2 145 calls @ .43
3. EA added a 2nd Earnings Run Up fuzzy on the drop today, Feb 2 114/114/112 @3.17, I have 5 of the 117-line fuzzies and 2 of the 114-line. These are unhedged, to be closed before report, profit target is always 40% for me using a GTC order.
4. Hedged AAPL earnings fuzzy on the poor performance this week. Jan 26 175 for 1.26.
Almost all of the Earnings Run Up fuzzies are based on historical 100% win rates (backtested), but AAPL doesn’t have that kind of historical win rate running up to earnings. I went a bit rogue on this one. Keeping the full $1260 on this hedge will go a long ways to fixing this trade. But this is a bit dicey, one news release and the hedge is blown.
Sue
#ShortPuts #IRA – Missed this one earlier…
Sold TXN APR 20 2018 105.0 Put @ 3.00
#Earnings $FFIV strangles and $LRCX bullish trades look good so far.
#coveredcalls $SVXY
Buy to close Jan 26 $134 calls for 0.38, sold Jan 18 for $2.67
SPX #UOA
The Trader held this one until right after the regular close. Big trade for mid-week next week, selling 2790/2775 Bull Put Spread
CMCSA #UOA
In the last 1/2 hour today, a lot of block trades and call buying.
With the strike getting breached at 261.25, I rolled $NFLX Jan 26 260 calls up and out 1 week to Feb 2 265 calls for .35 credit. Let’s see if this thing can’t slow down.
#SyntheticStock – Delta was approaching zero so closing and hoping for a pullback to reset…or might reset anyway 🙂
Closed July 50/50/48 synthetic
Closed Jan 26th 51 calls
Net gain of 75 cents on a six day trade. Thanks guys (and gals)!
BTO April 200 calls and also bought April 195 puts @22.40 on 2 contracts. It is breaking to a new high.
Hey @Iceman ….how’s those GWW short puts looking? Completely missed this earnings trade yesterday.
🙂 🙂
Someone is putting a lot of pressure on this ETF. I get the feeling that someone is taking a big profit. Also, watch the 10 year. It is creeping up very slowly.
#SyntheticShortStock – Adding to the short at original strikes for simplicity. Just averaging down on the debit..
Added to Jan 2019 32/32/34 synthetic short @ 7.80 debit
#UOA – Alert saying bullish but I’m not sure why…LOL @smasty ? Any ideas?
SWKS closed half a #fuzzy the 100 put 2020 leap and the 104 9 DTE for 12.10 credit.
Starting clean out to get back to cash so I can restart #pietrades and #spycraft trades.
Will take me 2,9, 16, 23, and 30 days to have everything flat or until the time value is out of the short options, hopefully before then 🙂
#CoveredCalls -This was a reverse roll of a strangle where the call side got blown out and then turned into covered stock. Finally back to a decent profit. Debating on holding it through earnings but finally decided to unload it and set up a new earnings play on the ticker tomorrow.
Sold to Close ISRG JAN 26 2018 420.0 Call Covered Stock @ 415.50 (bought for 410.45)
#Earnings -Thanks @Jeff ….almost forgot about this one. Selling put side for now.
Sold LRCX JAN 26 2018 202.5 Put @ 2.70
Sold LRCX JAN 26 2018 200.0 Put @ 1.80
This is about one third size of what a #Fuzzy would be so if the stock implodes well below these I’ll set up a Fuzzy down there wherever it ends up…or possibly roll the puts if not too DITM.
#SPXcampaign I did not catch the bottom but kind of chased as the bounce became clear:
Sold $SPX Feb 16th (Friday PM) 2800/2775 put spreads for 5.05.
Bought SPX Feb 2nd 2865/2885 call spreads for 4.00.
I go to the gym for the spin class and come back to this. What have you done? While I was gone I rolled my GS January 265 calls out to Feb. 2, 267.5 calls for a credit of .40 cents
#Fuzzy – Since others are bailing on this one and biotech is pulling back, I’m bailing with ya. STC EXAS Feb’18 50/50/45 synthetic and BTC EXAS Jan26’18 51.5 calls. Made 0.96 on 10 contracts. Glad to see XBI come back into orbit!
Borrowing an idea from TastyTrade (Liz & Jenny).
Sold $LUV Feb 16 58/67 strangle @ 1.15 with the stock at 62.33. Earnings tomorrow morning.
#SPXcampaign Sold $SPX Feb 9th 2875/2900 call spreads for 4.50. Throwing one out there in case this weakness holds up. Also looking to sell an aggressive put spread. I won’t be looking to roll any put spreads unless VIX moves over 12.50 or SPX below 2825.
STO Feb 16 43.50 .46 #hedge Net Debit .20
Thx
Smasty
#VXXgame Closed this one with nice profit, giving a nice chunk of buying power back so I can sell something better.
Closed $SVXY Feb 16th 80 put for .61. Sold for 7.35 in a strangle on Nov 15th
#Earnings Sold $LRCX Jan 26th 200 puts for 1.20 (now going for more).
Biggest UP move: 8.1%, Biggest DOWN move: -2.8%, Average move: 2.9%. This trade was 5.2% OTM at the time of the fill (stock price was 211.00).
This has only been making small moves down and bigger moves up on earnings. The last time it moved DOWN more than 3% was Oct 2011.
IWM closed #Fuzzy net 73.5 profit, gave back a bit too much.
#shortputs #fallingknife (but I’m not qualified to make the designation) UAL
Sold Feb. 2, 67.50 put for .90. This can quickly become a #pietrade
#buywrite $UVXY
buy UVXY at $9.76, sell Jan 26 $10 call for 0.35, if exercised 5.8% ROI so placed stop at $9.54 to keep very small profit. I may sell stock (if gain on pop) and buy 13 call for 0.05 since unlikely to exercise, undecided.
#ShortPuts – Sold SVXY MAR 2 2018 100.0 Put @ 2.55
#Earnings – Trading between the inverted strikes for now. To make room for other earnings plays booking with a small profit.
Bought to Close NFLX JAN 26 2018 260.0/252.5 Inverted Strangles @ 10.65 (sold for 11.05)
#SyntheticShortStock – Uncovering the #FuzzyBear ….
Bought to Close TLT JAN 26 2018 122.5 Puts @ .44 (sold for .30)
Jan 24 #Fuzzy early report
Every night I go to bed with one thought in my mind: “please may I have one more day to go flat?” So I did NOT squander today, I went pretty flat (not totally). The Fuzzy Biotech Trifecta….gone (EXAS/GWPH/EXEL). All index fuzzies are gone. Here’s a list of closures: BABA, IBM, JPM, SPY, AXP, SWKS, IWM, EXAS.
My total for the quarter now on CLOSED fuzzies is $46,463.
I do have one NEW Fuzzy: CMCSA Apr 42.5/42.5/40 @ 1.16 with a Feb 9 43.5 hedge @.50
Open Fuzzies: MU, KBH, DIS, IP, AAPL, BAH, MYGN, AMTD, VZ, FLIR, EA, CMCSA
#Earnings #ShortPuts Taking advantage of weakness in $AAPL to place an earnings trade early. Release is next Thursday.
Sold AAPL Feb 2nd 175 put for 4.05.
#SyntheticStock – I should be really enjoying this gold run but not so much. Another weekly sale that’s absolutely gotten run over. Rolling the whole thing up to get back to long deltas but still leave a little cushion for a pullback. Disaster puts were only 2 points below so leaving them in place for now.
Rolled Jan 2020 122/122 synthetic up to 124 (leaving 120 puts in place)
Rolled Mar 2018 124 calls up to 126
All for .35 credit…
#SPXcampaign Closed on GTC order: $SPX Feb 9th 2650/2625 put spreads for .20. Sold for 1.60 on Jan 8th.
#shortcallspreads TSLA
Sold Feb. 16 380/390 for 1.85, stock at 351, earnings Feb. 20
#SyntheticStock – Weekly sales…
Bought to Close SVXY JAN 26 2018 139.0 Calls @ .10 (sold for 1.85)
Sold SVXY FEB 2 2018 136.0 Calls @ 1.40
#SyntheticShortStock – Selling cautiously against the short. Getting close to adding to it…
Bought to Close NUGT FEB 2 2018 28.0 Puts @ .05 (sold for .55)
Sold NUGT FEB 9 2018 32.5 Puts @ .45
#SPXcampaign I have tried since Monday to sell my normal 5-week put spread, but keep missing a fill on the lows, only to see us ratchet higher. Finally just forced a fill. I don’t blame the market. Who wants to be on the other side of being long this market?
Sold $SPX Feb 23rd 2735/2710 put spreads for 1.60.
STO LNG Feb 2 55/53 BuPS .16 #Bitty
STO IP Feb 2 67 .30 #Hedge
Following @optioniceman from yesterday.
Sold $SVXY Feb 16 98 put @ 1.10.
On the 10% move down, sold $UAL Sep 21 50 puts @ 1.10
#Earnings Sold $FFIV Jan 26th 130/155 strangles for 1.60.
Biggest UP move: 9.6%, Biggest DOWN move: -10.0% , Average move: 6.0%.
Expected move: 8.90
My strikes are +/- 8.8% OTM
Sold at the highest strikes:
$NUGT Jun 15 54 call @ 2.60
$NUGT Sep 21 49 call @ 5.00
$NUGT Jan 18 2019 65 call @ 5.00
Per the prof. these are the points for trading SPX BuPS 100 points difference
Trade 4 weeks out
Sell BuPS on the SPX
The short put is around a delta 12
The long put is around a delta 5
Usually time trades with a 5 minute ES chart and PP’s (pivot points)
It is a known fact that the ES on normal days, moves up or down 2 PP’s
On the low, enter a trade
At the high, exit trades
Usually exit the short sides on 60-80% profit
If you have the margin, you can roll the short to the next Delta-12 in the same week
If not, exit the short for your profit
you can either sell the long back or let it expire
Then trade the next 4 week BuPS
Repeat the same strategy
Usually the BuPS can be exited within 2-3 weeks
Maximum loss SHOULD be $500
Since the market only goes up now, sold a 35 DTE 2675 put for 4.65. No short the 2675 and 2615 puts for 35 DTE after closing the call side of the strangle yesterday. Easier to defend in 1 direction as well.
Options Bistro 