#Earnings – Great timing…LOL
Plan for now is to close the short puts (depending on how the open goes). Then…open synthetic stock positions in EBAY and PYPL out to next Jan. Should only add a few pennies to the weekly sales requirement to cover it.
We shall see….
Sold the 44 DTE /ES 2955 call as the market was pulling back for 3.55. That gives strangle at 2575p and 2955 c, 2 contracts. Of course after hours now the market is up again. For those that wanted the SMI settings I will post later, crazy at work and the code is on an old computer and have to dig it out.
Jan 31 #Fuzzy Land
Hello Everyone! Goodbye January, you were incredible! Good day here, the mix of long and short Fuzzies netted out for green today, hedges worked great, F-bears worked great.
1. ANSS took Fuzzy profit just shy of my target on a price spike, will look to get back in
2. Closed a tiny DIA long fuzzy on the highs today
3. Added 25 SPY Fuzzy Bear contracts across several accounts. Mar283/283/285 @ 2.58 with a 278 hedge @.84
4. Rolled DIS hedge collecting $550 profit
5. Rolled CAT hedge collecting $1270 profit
6. Opened new EA fuzzy on UOA, Mar 130/130/125 for 1.21, no hedge yet (the UOA was a buy of Mar 135 calls, + June 135 and 140 large call buys)
7. Rolled JNJ hedge collecting $400 profit.
8. Yesterday I cut the KBH fuzzy for $2400 loss, saved a little by selling one round of calls on it, sold Feb 30-strike puts to recoup a little (or not).
9. Rolled IWM hedge collecting $330.
Fuzzies that need management this week: CELG, 1-MU, 1-QQQ, 1-SPY,
Total Closed Fuzzy Profit: $49,383; Hedge collection on open positions: $24,260
Oh, one thing I forgot to add: Trader’s Almanac has been pretty good so far this year. It shows tomorrow (Thur) is the biggest day for bulls for the whole month of February. 🙂
#RocketManHedge – Great market for these…double dip selling Friday.
Bought to Close SPX JAN 31 2018 2820.0 Put @ 0.30 (sold for 5.00)
Sold SPX FEB 2 2018 2820.0 Put @ 7.00
$FB #ShortPuts – Sold 1 FB FEB 2 2018 175.0 Put @ 1.12
Immediate fill
#SPXcampaign Today’s action is not too pretty and it looks like the Downside Warning may hang on the market longer. I’m selling these as hedges against my short put spreads. If we move much in either direction tomorrow, there will be rolling.
Sold $SPX Feb 9th 2825/2850 call spreads for 10.40.
Sold $SPX Mar 2nd 2925/2950 call spreads for 1.55.
#Earnings Closed these two puts as they take up margin and I have retained the majority of premium. These recouped my losses from earnings short calls and left me with a small profit on the trades.
BTC $NFLX Feb 2nd 260 put for .30. Sold for 2.55 on Jan 26th.
BTC $NFLX Feb 16th 240 out for .74. Sold for 3.30 on Jan 23rd.
#Earnings – Wouldn’t mind getting into #SyntheticStock on a pullback so aggressively selling half size here. Maybe get lucky and it takes off, otherwise double up and load up lower.
Sold PYPL FEB 2 2018 85.0 Put @ 1.92
Sold PYPL FEB 2 2018 84.0 Put @ 1.50
Sold PYPL FEB 2 2018 83.0 Put @ 1.13
Sold PYPL FEB 2 2018 82.0 Put @ 0.86
Sold PYPL FEB 2 2018 81.0 Put @ 0.64
SPX going up mistake going down
HOG #FallingKnife
Sold $HOG May 18 42.50 puts @ 1.20 with the stock at 48.94
The ten year treasury is still going up in yield and this bothers me. If it gets to 3% it will not be good for the stock market. I think it is going to get there and after that, I am not sure.
#Earnings Yesterday sold $EA Feb 2nd 110/130 strangles for 1.25. Just closed one short call for .66. (4 more to go). Scaling out as premium drops.
Rolled KSS 65/63 BuPS from Feb 2 to Feb 16 .26
Increased Cr to 44.50 after Comm
#Earnings – Earlier in the week sold some fairly aggressive puts at 170, 167.5, and 165 bringing in nice premium. Just to make sure I have a reasonable starting point to enter a synthetic stock position if it tanks, I’m using a small portion of the premium received to buy some protection down at a twice the expected move level. I wouldn’t think it would ever go that low but then again I didn’t think I’d be running from hurricane IRMA for 10 days either…LOL Buying a little insurance while the sun is shining… 🙂
Sold 3 puts originally and buying 5 puts here.
Bought AAPL FEB 2 2018 155.0 Puts @ .27
#Fuzzy – STO WYNN Feb02’18 175 calls @ 0.90. This ticker might give me whiplash.
#Earnings This one has not moved much on recent earnings, so doing a neutral #IronButterfly.
Sold $VRTX Feb 2nd 160/167.5/175 IB for 5.75, 5.56, 5.48 (total of 3, avg price 5.597 — I could only get 1 to fill at a time, and kept having to lower my ask).
Biggest UP move: 7.8%, Biggest DOWN move: -5.9%, Average move: 2.5%.
Risking 2.15 to make 5.59. Breakevens at Friday’s expiration: 161.91 and 173.09, or about +/- 4.3%.
Here are its last 12 earnings moves: -2.1%, -4.4%, 0.7%, 0.2%, 0.0%, 0.2%, 2.7%, 0.3%, 5.1%, 7.8%, -0.4%, -5.9%.
#Earnings Sold $BABA Feb 2nd 200 puts for 3.60. Biggest UP move: 7.5%, Biggest DOWN move: -8.8%, Average move: 4.0%. This trade is -2.5% OTM.
This one is a juggernaut that I don’t doubt will hit 1,000 in a few years (maybe just a couple). So if this aggressive trade results in stock assignment, I’m okay with that. -8.8% was its biggest ever down move back in Jan 2015. Since then, its moves down have been fewer and smaller.
Breakeven after commissions…
Bought to Close AMD 12/12.5/13/13.5 iron flies @ .40 (sold for .44)
Earnings are on February 1, tomorrow.
For March 9 expiration
BTO 207.5 call
STO 207.5 put
BTO 205 put as insurance. Total cost of 8.50 plus the 2.50 spread.
#Earnings Sold $FB Feb 2nd 175/205 strangles for 1.52. Also, previous sold and extra 175 put for 1.60.
Biggest UP move: 15.5%, Biggest DOWN move: -5.6%, Average move: +/- 4.0%. Bias + 1.6%.
My strikes are -7.3% and +8.1% OTM, respectively. The previous 15.5% up move is an outlier from Jan 2016. The second biggest up move was +7.2%
$SQ #shortputs Sold Feb 16th 44 Put @ 1.00 when SQ was at 46.11. Earnings Feb 27th.
#ShortStrangles – Going in again after booking yesterday. Re-centering below the 200ma and near all time highs…
Sold WYNN MAR 9 2018 140.0/195.0 Strangles @ 2.38
#SPXcampaign Sold $SPX March 2nd 2690/2665 put spreads for 1.65.
We’re still under the Downside Warning, but given recent market trend it seems more likely we’ll go up from here, at least for a day or two. But I’ll be cautious until VIX drops below 11.00.
Looks like I missed this one yesterday
STO Feb 23 $74.5 puts @ $0.40
#SPXcampaign Got about half my money back from the put spread purchase and sold another one…
Sold to close $SPX Feb 2nd 2780/2755 put spreads for .95. Bought right after the closing bell yesterday for 2.00.
Sold to OPEN SPX Feb 2nd 2800/2775 put spreads for 2.25
Options Bistro 