Ten year note

I see the yield is creeping up to 2.77% which is a quick move from 2.60% and that is making me nervous about this market.

In my IRA, I just covered my SVXY 37.5 puts for January 2019,  for 3.50, sold at 7.00, to free up some cash and sell a higher strike for more premium. Not sure when I will sell.

UPS #FallingKnife Sold $UPS Jul…

UPS #FallingKnife
Sold $UPS Jul 20 100 puts @ 1.10. May add more if we get some additional move down.

#fuzzies, #pietrade

CMLviz (earning report on 2/8)…

CMLviz (earning report on 2/8) BTO NVDA 9 FEB 2018 Long 40 Delta call at 9.69 BTO today will close 1 day before earning (2/7)


#OT For the new option…

#OT For the new option traders.
Dan Sheridan of Sheridan Mentoring offers free introductory classes covering many of the trade types that are used by members. These classes are the first session of a 4 to 6 week series of live instructions. Fees are a 300-500 depending on the length. He primarily focuses on index trades, SPX and RUT using calendars, spreads, butterflies, short term 1-3 days to long term 45 day trades. He uses these free intro classes to troll for business. These classes are standalone so no membership is required. He latest class is:

Join Dan tomorrow at 1:00pm CT for a Free Webinar. (Actually today I’m late getting this out but classes are recorded)

Topic: Trading Double Calendars for Income in 2018.

Click here to register now:

I have taken some of his classes and gained a lot from them. I have no stake in this I just know how I new to this world struggle understanding all the Fizzies and Rockets, and hedges that many other members here place. Getting a working understanding using live trades with Dan has helped me put a lot of things into perspective and gain confidence in my trading the SPX.


#SyntheticStock – Textbook pop out of a nice squeeze. Actually gave it some room with the first weekly sale. 9 days so booking and looking to reset on any weakness.

Sold to Close GS Jan 2019 260/260/250 synthetic stock
Bought to Close GS Feb 2018 275 calls

6.17 per contract net gain…

REGN put

Selling another put on an old @fuzzballl favorite.
Sold $REGN May 18 280 put @ 4.00 with the stock at 351.33. Delta 10.
Earnings are next week.

AMZN strangle added

#Earnings #ShortStrangles
Adding a wider, safer strangle that will cover my max loss on the iron butterfly.

Sold $AMZN Feb 2nd 1300/1675 strangle for 4.25.