#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
Monthly Archives: January 2018
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.
Long Calls XLU CRM
#longcalls
$XLU BTO 3/16/2018 52/54 BUCS @ .74
$CRM BTO 2/16 105/115 BUCS @ 3.50
#shortputs AXDX Sold Jan. 19,…
#shortputs AXDX
Sold Jan. 19, 30 put for 1.90, stock is at 29, plan to own it.
#spycraft Closing out the put…
Closing out the put side of the Jan 19 IC at 260/256. Currently going for 0.03. Removes a lot of the downside risk and if we get above 275 will have decent profit on the call side now. Max risk to downside with the puts closed is now $1110 on 5 contracts plus the 6 longs from this morning. If we start pulling back will close the long while it is still worth something then handle the short call spread like a regular credit spread.
Going out to play in our 11 inches of snow now!
Jan 4 #Fuzzy All Fuzzies…
Jan 4 #Fuzzy
All Fuzzies are managed for the week and new ones added, including a new category I call “Lazy River Fuzzies.” I mentioned a couple weeks ago that I was scanning stocks with a weekly ATR of less than 2 in an effort to avoid a lot of the debit roll/chasing drama. My single test, CMCSA, has worked great, so added a second one today, MNST. The Lazy Rivers are cheaper to put on, have less hedge premium (lower volatility), but hopefully are more “set and forget.” I did a successful round of SPY naked put #Bitty this week….but you know…..I think fuzzies are better than bitties, so instead of setting new SPY Bitties, I have set SPY Fuzzies in all my accounts.
1. CSX Closed Down for net $1300…lots of debit rolls on this and earnings next week. It was a great #fallingknife suggestion
2. LMT-1 Debit Roll BTC Jan 5 322.5 for 2.15 STO Jan 18 325 c for 2.51
3. LMT-2 ditto
4. JPM Closed Down for net $3230.00. This was my very first Fuzzy! Earnings next week. Will reset after earnings release.
5. IWM BTC Jan 5 154 c for .96, STO Jan 12 155 c for .89
6. CMCSA (Lazy River) BTC Jan 5 41 c for .07, STO Jan 12 40.5c for .45
7. MCD BTC Jan 5 172.5 c for 1.50, STO Jan 19 175 c for 1.22
New Fuzzies:
1. EXAS (earlier this week) Apr 50/50/45 for 6.15 Jan 12 55 c -1.35 (ITM now)
2. SPY 1, 2, 3, 4 Jun 272/272/268 7.00 Jan 12 273 -.61 (going tighter on these puts)
3. MNST (Lazy River) Jun 60/60/55 5.13 Jan 12 64c -.50
I’ll do a stats recap tomorrow. A huge amount of fuzzies this week were debit rolls, so basis reduction is moving down ever so slowly, but unrealized profits with the purchase of upside allowance had added up nicely.
DGX GIS NVDA
#IRA #ShortPuts – Freeing up some margin in the IRA. With earnings season cranking up hopefully get a chance for some more #FallingKnife trades…
Bought to Close DGX May 18 2018 80.0 Put .52 (sold for 2.20)
Bought to Close GIS Apr 20 2018 47.5 Puts @ .25 (sold for 1.62)
Bought to Close NVDA MAR 16 2018 150.0 Put @ .41 (sold for 3.69)
WDC
#ShortPuts #IRA – Going back into this one…
Sold WDC APR 20 2018 75.0 Put @ 2.80
Sold WDC APR 20 2018 72.5 Put @ 2.10
Sold WDC APR 20 2018 70.0 Put @ 1.55
$RCL
#Coveredcall
Stock looking weak today, likely because of the big storm on the east coast, probably stay weak into next week.
STO $RCL Jan 19 $124 call @ $1.35, early replacement of $124 call expiring tomorrow.
Blizzard of trades
WDC has been in a new range. This is still an earnings trade I have been adjusting since last earnings drop. I am up overall on the trade, but the hedging/theta was not keeping up with the drop so went old school calendar adjustment. Rolled the long 743 DTE 90 straddle down to 82.5 for overall credit of 1.5.
Then rolled the short straddle 22 DTE 90 down to 82.5. This is a roll into earnings so good premium. Debit of 4.24 but still against my accumulated rolls of 18.27 credits. Just keeping the cash machine alive for a little longer. Here is the new profit graph as long as we stay in the new trading range of 77-85 or so. Still have 106 weeks to sell against it and no margin requirements now, that is the main reason I tweaked it and to get extra theta burn.
$C
STO Jan 19 $72.5 puts @ $0.35
Short Puts INTC / Closed Early ADBE
#shortputs
$INTC STO 2/16 40/44 BUPS @ 1.13
Closed Early
$ADBE BTC 1/19 150/165 BUPS @ .10 STO @ 1.00
$SMG
OK, file this under better lucky than good. I wanted to buy some $SMG stock on a pull back so had a GTC order sitting there at $103.25. Down draft this morning took it to $103 and bounced, back above $107 now.
#fallingknife KHC Oct 5, sold…
#fallingknife KHC
Oct 5, sold a Jan.19 72.50 put for 1.13, closed today for .05 (autotrade) thanks Iceman
SPX
#RocketManHedge – This was the first one I tried as an experiment. Went synthetic short for this one using Jan monthly. Never moved in my favor from the very first day. Just closed the synthetic short position at max loss of 50 points. But…weekly put sales brought in a surprising 56.3 points.
Completely out of it now with a 6.30 winner. Similar trade in March that will hopefully turn out ok. It hasn’t exactly been moving in my favor either…LOL
DWDP
I just closed an unhedged #Fuzzy in DWDP that I followed @smasty160 on on 12/27/17, made $1.69! Thanks Sue! Thought about just selling half and letting the rest ride, but since we have the jobs number tomorrow and also because the market has been having a love affair with the sky this week I decided to close it all down.
Still in SPX 2750/2775 Jan…
Still in SPX 2750/2775 Jan 12, Thx Jeff
#dividends T Research showing better…
#dividends T
Research showing better to buy T after dividends than ahead of dividends to capture the dividend.
https://seekingalpha.com/article/4135036-t-can-earn-income-forfeiting-next-dividend?ifp=0&utoken=411b0cb2f22d708fa1ffa7378685662d
NUGT
#SyntheticShort – Out most of yesterday afternoon and late into the night. Managed to beat the cyclone into JFK. Get me back to Florida please! Just a beautiful day here. Had a fill yesterday adding to NUGT short and closed front month short puts this morning.
Added Jan 2019 32/32/34 synthetic short/disaster calls @ 9.40 (previously 10.08 at same strikes)
Bought to Close NUGT JAN 5 2018 29.5 Puts @ .03 (sold for .36)
#spycraft Taking @jeffcp66 recommendation. Just…
Taking @jeffcp66 recommendation. Just bought 6 Jan 19 271 calls. Original position was 5 IC at 272/276 on the call side. With the market going into booster phase again makes sense to go directional.
If we get above 273 will start making a little money as long as we close before expiration. If we wait too long and it does not get above 275 then we will lose about the same as we made and would be a scratch. Original position made $255, will lose 275 to 170 between 273 and 275. Above that a nice gain.
STZ earnings
#Earnings Bullish trend, stellar earnings performance.
Sold $STZ Jan 19th 220 put for 2.20. Will add another.
One day moves: Biggest UP move: 6.4%, Biggest DOWN move: -7.1%, Average move: 3.8%. +2.6% upside bias. This trade is -3.9% OTM.
Over last 12 reports, -7.1% was its only move down the day after, and that improved to only -2.7% thirteen days later (which is roughly expiration).
#spxstrategy btc on gtc SPY…
btc on gtc SPY put 26 JAN 18 265/260 PUT @.24 had sold for .59
50% return sto on 12.29.17
SPX calls closed
#SPXcampaign Closed $SPX Jan 18th (monthlys) 2750/2775 call spreads for 2.15. Sold for 1.60.
That puts me 100% long SPX.
strangling AVGO
#ShortStrangles Sold $AVGO Feb 16th 290 call for 3.25.
Sold (2) 250 puts for 5.85 last week… now making this a strangle. Will add another 290 at a higher price to balance the quantity.
#spycraft Did not have time…
Did not have time to post or look at trades until the end of the day but I think it is time to at least think about an adjustment to the Jan 19 IC at 260/256 put side and the 272/276 call side.
There are many options but here is what I am looking at.
1. Buy back 3 of the short calls. That basically takes us flat, $21 profit but still max loss of $730 if you let it ride to expiration and we are above 272. Decreases the max loss from 4k but still ouch. The advantage is if it keeps going above 278 you start making money again. I am not betting on it for only 16 days left but possible.
2. close it out at current prices. Made 0.16 on the put side, lost 0.30 on the call side so basically a break even. Then flat for next week. No gain but no loss to capital and can recycle.
3. Buy some long calls, I like the 268 call with a delta of 0.68. Of course we go directional at this point but break even is then 270 and at 272 we make $610 on 5 contracts and there is no further upside risk, in fact if you keep going make some decent cash. 280 or higher and you are up 2770+ but that is a big if. You would buy 5 of the SPY Jan 19 268 calls for around $3.29. Max loss down to 1390 from 268 down to 260. Still ouch but better than a 4k loss. You could go a little cheaper going to the 270 for 1.80 and only changes the graph a few hundred.
4. Roll it out a few weeks and hope for a pull back. We could roll the 272 out to 274 at 28 DTE for about even money then buy the 277 for 0.16 after selling the 276 for about 0.09. So it will create a slight debit but we would also roll the put side up to 263/260 for 0.17 credit. Closing the other would cost about 0.07.
5. You can also diagonal, calendar, debit spread/credit spread it off, but I am looking at the cheapest ways to adjust or to get out at even or a tiny loss and not extend duration more than a few weeks.
Thoughts, comments, @jeffcp66 have any ideas, you have been doing this a lot longer than I have.
Wont do anything until I see how we open tomorrow.
Ooops I Did It Again (Apologies to Britney) Expirations/Closed Early/Trade
#optionsexpiration
$SPX 1/3 2650/2675 BUPS Full Profit Well done @jeffcp66
$SPX 1/3 2715/2690 BECS @ 92% of full loss
Closed Early
$SPX BTC 1/3 2645/2670 BUPS @ .05 99% profit Merci @jeffcp66
$BIDU BTC 1/19 210/220 BUPS @ .20 88% of max profit
$SNAP BTC 1/19/2018 13 put @ .05. STO 12/4/2017 @ .72 No commissions on .05 closes at Schwab
#spxcampaign
$SPX STO 1/16/2018 2675/2700 BUPS @ 5.00 Thank you @jeffcp66
#spxstrategy BTC, SPX 31 JAN…
#spxstrategy
BTC, SPX 31 JAN 18 2540/2520 PUT @.30 had sold for .75
sto on 12.29.17 /closed at 50 % in 5 days ,i will take it.
OK – got a Fuzzy…
OK – got a #Fuzzy in trouble in paper. Here it is: https://content.screencast.com/users/lulu99/folders/Jing/media/76d51b8f-9fcd-4c75-911c-590bbe90937b/2018-01-03_1734.png.
Do I just roll it or close it?
Thanks!
1/3/2018 #Fuzzy Trades Amazing two…
1/3/2018 #Fuzzy Trades
Amazing two days here. Wish I could hit a pause button. Or use the magic “flatten” button that Tom S. always wanted to develop for TOS. Wouldn’t that be great…..1 button and go flat everything with no slippage?
1. RCL What a gift here! I kept running fibs and symmetry on this knowing we were precariously close to serious support failure, but low volume kept me waiting it out. Got a nice roll today. BTC Jan 5 125 call for .14 STO Jan 12 123 call for 1.11cr.
2. MU Rode this up unhedged for a little ways and added a hedge back on, STO Jan 12 45 call for .76 cr
3. DWDP This was unhedged last week based on UOA I saw at the 74 line. I took the opp today to close it all out for a total $1500 gain.
4. AAPL BTC Jan 5 172.5 c for 1.92 sold Jan 18 175 c for 1.84. Pullback after the roll.
5. QQQ BTC Jan 5 158 c for 1.83 STO Jan 18 159 c for 1.99 cr.
Fuzzies left to manage this week:
CMCSA
IWM
JPM (EPS next week)
LMT-1
LMT-2
MCD
p.s. I still have an alternate RCL trade that went through multiple layers of defense. It started with a 123/120 BuPS, then I butterflied it, then added an IC at support. It is sitting under a significant profit umbrella graph, but hasn’t bumped much above the zero line yet.
I was joking around with some friends that I made enough today to buy a few Yugos. They didn’t know what a Yugo was. Sadly, I owned one.
INTC
STO January 2019, 35 puts @1.20
VIX lows
The VIX is trading under 9.00 for the sixth time ever.
SPX puts
#SPXcampaign Changed my mind… got enough pullback:
Sold $SPX Jan 16th 2700/2675 put spreads for 4.75.
SPX all calls gone
#SPXcampaign Closed my last short call spread:
$SPX Feb 2nd 2750/2775 call spreads for 3.60. Sold for 1.50 yesterday.
Waiting to roll. Whether we are up or down tomorrow I will sell new put spreads, but I’m going to wait in case we have a pullback. A mild pullback tomorrow will still likely result in an Upside Warning and would be a better place to start long positions than at all-time highs. Then again, we could just continue higher and get long anyway.
CSX
STC CSX May’18 +55C -55P +50P for 3.32, bought for 0.97 on 12/18/17. BTC CSX Jan05’18 55.5 calls for 1.50, sold for 0.39. Since this was a shorter term trade and since the stock has advanced well with the rest of the market and since earnings are on January 16 and since I see some green I decided to close this #Fuzzy. Booked $1.45 profit. Thank you @fuzzballl for pointing this one out!
NVDA
#SyntheticStock – Another roll up. Keeping this one ahead of earnings as well and picking up another 2.45 of upside.
Rolled NVDA JAN 5 2018 200.0 Calls to NVDA JAN 19 2018 202.5 Calls @ .05 debit
BABA
#SyntheticStock – Paying a small debit to keep this roll prior to earnings. Still picking up 2.20 of upside.
Rolled BABA JAN 5 2018 177.5 Calls to JAN 19 2018 180.0 Calls @ .30 debit
STO Jan 12 KSS 50/48…
STO Jan 12 KSS 50/48 .20 TGT Jan 12 62/60 .13
#IttyBitty
WYNN
#ShortStrangles and #PerpetualRollingStrangles – Finally pulling back so pairing my short puts up with the 140 strike calls. 30 points inverted with 27.20 premium received all together. Goal now is to start squeezing the inversion in a little or with enough of a pullback roll the calls up and take stock at a 142.80 basis.
Rolled WYNN JAN 5 2018 170.0 Puts to JAN 19 2018 170.0 Puts @ .40 credit
SPX reverse roll
#SPXcampaign I’m jumping on this train. It hasn’t failed lately and I don’t see any reason it’s going to fail now. Holding off on BUYING any longs… would like to see another day and maybe some slight pullback.
Stopped $SPX Jan 26th 2740/2765 call spreads for 4.10. Sold for 1.80 last week.
#ReverseRoll Jan 8th 2710/2685 put spreads for 6.20. Slightly ITM.
SPX
#RocketManHedge – Still chipping away at this since it looks like the Rocket Man will become a powerful and respected leader throughout civilization… 🙂 🙂
Rolled SPX JAN 10 2018 2660.0 Put to JAN 10 2018 2700.0 Put @ 5.20 credit
Letting my Jan hedge run to expiration with about a 6 point profit…
VRX
SWKS
#CoveredCalls – Rolling up and out. TOS estimates earnings in the week I rolled into so IV was up a little. I think it will be the week after so might get a second shot at the earnings roll.
Rolled SWKS JAN 5 2018 98.0 Calls to JAN 19 2018 100.0 Calls @ .40 credit
#fallingknife ALK #shortputs AXDX On…
#fallingknife ALK #shortputs AXDX
On Nov. 3 sold April 55 put for 2.00, Nov. 8 sold 50 put for 1.15 , bought the 50 today for .20, order in for the 55. Thanks Iceman.
Sold Jan. 19, 25 put for .40, stock is at 28.60
If you didn't panic buy…
If you didn't panic buy the 1st open you can always panic buy the 2nd open. pic.twitter.com/5tsqENQ2J2
— Sven Henrich (@NorthmanTrader) January 3, 2018
Closing more call spreads
#SPXcampaign
Closed Jan 26th 2740/2765 call spreads for 2.95. Sold last week for 1.70.
Closed Jan 5th 2795/2720 call spreads for 11.80. Sold in a condor Friday for 7.35. Letting the 2675/2650 put spreads expire.
#spxstrategy btc on gtc spx…
btc on gtc spx put , 2560/2540 @ .35 sold on 12.29.17 for .80
50% return in 5 days.will take it.
SPX puts sold
#SPXcampaign Sold $SPX Feb 2nd 2620/2595 put spreads for 1.50.
SPX calls stopped
#SPXcampaign Spent the weekend wondering if I’d be challenged on the put side. Wrong again!
Closed $SPX Jan 3rd 2690 calls for 11.60. Sold in a condor for 6.50 on Thursday. I will be rolling into something, not sure what yet. A new Upside warning may be firing tomorrow.
AMZN
BTC January 19, 1030/1080 bull put spread @.40, sold @1.40 on December 22
SPX #UOA Here’s one to…
SPX #UOA
Here’s one to just keep tabs on for fun. Yesterday Trader bought an opening #RiskReversal Selling June 2475 puts @33.50 x 5000 contracts to buy June 2775 calls @33.75 x 5000 contracts. This morning Trader is up $1,400,000 (pre-market mid)
Crypto Update
#Cryptocurrency – Added ADA (Cardano) tonight and still holding IOTA. Also added a new one called Stellar (XLM). Verge (XVG) is another one that could be a lottery ticket at 13 cents. Out of everything else…gains so far of about 12k. Very small percentage of that still invested so rolling dice with a small amount of house money here.
ETH – Bought at 167 sold at 699
LTC – Bought at 59 sold at 218
RPX – Bought at .26 sold at 2.12 (could eventually be my biggest regret selling)
IOTA – Bought at 3.87 and holding
ADA – Bought at .77 tonight
XLM – Bought at .67 tonight
EDITED…..added XLM and new mention of Verge.
Evening all or morning or…
Evening all or morning or afternoon. Packed my daughter off to FSU this morning. She is a grad student there. Really had a grand time with her and am sorry to see her go. During the morning I found a short free spot to sell a couple of $ROKU, Jan 19th 2018 45 Puts and was filled @ 1.10. Spent the rest of the day freezing my butt in the barn which shouldn’t happen in eastern NC. Who ordered up this stuff? More of that for the rest of the week too so I’m getting a slow start to 2018. Good to almost be back.
SPX Campaign / AVGO Short Strangle / NFLX Covered Call /NFLX Close Early
#spxcampaign
$SPX STO 2/2 2775/2750 BECS @ 1.50 Thank you @jeffcp66
#shortstrangles
$AVGO STO 2/2 250/290 Strangles Thank yo @jeffcp66 and @fuzzballl
#coveredcalls
$NFLX STO 2/5 205 Calls @ .98 Will it hang on?
Sold Early
$NFLX BTC 1/19 160/175 BUPS @ .20 STO @ 2.70
Happy New Year!
Nice day here in #Fuzzy land
1. Big roll in BABA, BTC Jan5 175 for 7.97, STO Jan 19 182.5 for 4.47, added to core debit obviously, but bought an awful lot of upside range for $3.50
2. MU removed hedge for now, BTC Jan 12 43.5 c for .95 (previously sold for .53)
3. JPM roll to avoid dividend assignment (ex div is 4th) BTC Jan 5 107 c for .92, sold Jan5 108 for .40, still deciding on whether to hold through earnings next week or take all the profits off and reset after earnings–that’s why I rolled to same week. Call premium is very nice for next week. A year ago JPM moved down almost 5 standard deviations on earnings. In today’s volatility that would be about $7.00.
Fuzzies that need managed this week:
CMCSA (ITM)
IWM
JPM
LMT-1
LMT-2
MCD (ITM)
MU (unhedged)
DWDP (unhedged)
QQQ (ITM)
RCL (whoops, this should have been rolled last week, just to gain delta/theta)
#spxstrategy btc on gtc spx…
btc on gtc spx 2565/2545 put @ .30 had sold for .75 on 1.19.17
predicted 11 days to 50% return but I will take 14 days.(holidays etc?)
Adding to NUGT ladder
#ContangoETFs Sold $NUGT March 44 call for 1.50. I now have a NUGT ladder that matches my $DUST ladder, all in calls.
New all-time high
$SPX notched a new one… so much for any bearishness in the new year. Another VIX close below 9.85 but will the FOURTH attempt at three in a row be the charm for an Upside Warning? I posted this in the Twitter feed earlier but I’ll now leave it here:
Dow up +25% in ’17 … time to look for a pullback?
Since ’50, up >25% YTD 10 times.
Higher next year 8 times with 6 of those times up double digits.
Avg +12.6% vs avg yearly return of +8.5%.
In other words, don’t turn bearish simply because ’17 was up a lot.
SVXY
#ShortCalls #ReverseRolling – This is the last of the short calls. Only naked calls now are next Jan at 235 and 260.
Rolled SVXY JUN 15 2018 165.0 Calls to SVXY JAN 18 2019 45.0/260.0 Strangles @ .70 credit
SPX closures
#SPXcampaign A flurry of put spreads closed in the last 20 minutes as $SPX ticked higher. I’m sitting now slightly ITM on a call spread expiring tomorrow (2690/2715). If we don’t open flat or lower, I will have to roll it.
Closed June 3rd 2775/2750 put spreads for .50. Sold in the condor for 6.50 on Thursday.
Closed June 3rd 2670/2645 put spreads for .30. Sold for 3.35
Closed Jan 12th 2580/2555 put spreads for .20. Sold for 1.45
SVXY
#ShortCalls #ReverseRolling – Rolling from short calls to aggressive put spreads…
Rolled SVXY JUN 15 2018 155.0 Calls to JAN 18 2019 160.0/135.0 Bull Put Spreads @ .40 credit
SVXY
#ShortPuts -I’m reverse rolling some more calls that are adding downside risk so closing some short puts that were previous reverse rolls of calls quite awhile back. Strictly risk management here…
Bought to Close SVXY JAN 18 2019 40.0 Puts @ 4.10 (sold for 4.20)
SVXY
#ShortCalls – Early roll trying to stay out of the way. Next time will be a roll to a strangle if we don’t get a pullback.
Rolled SVXY JUN 15 2018 170.0 Call to JAN 18 2019 235.0 Call @ .42 credit
REGN
Zero dark thirty start this morning…just got to the hotel. I see one fill so far…
#SyntheticStock – More weekly trades…
Bought to Close REGN JAN 5 2018 397.5 Calls @ .05 (sold for 1.95)
Sold REGN JAN 12 2018 390.0 Calls @ 3.50
Options Bistro 