#spxcampaign
$SPX STO 3/23 2500/2525 BUPS at 1.60 Thank you @jeffcp66
#shortstrangles
$WYNN STO 2/23 160/170 strangle at 1.60 Thank you @honkhonk81
#coveredcalls
$ETE STO 2/23 17 call at .30
$DVN STO 3/2 35 call at .81
Closed Early
$NFLX BTC 3/16 230/240 BUPS @ .40 STO 2/5 for 2.15
$NFLX BTC 3/16 220/235 BUPS @ .40 STO 2/13 for 2.06
#Fuzzy – I’ve got a LOT going on this week so didn’t even get to watch any of the action today, but I did BTC XBI Feb23’18 95 calls for 0.05, sold for 0.40. Waiting to sell calls for next week…
SPX
Did we have any news that caused the SPX to drop?
#SPXcampaign Heartbreaking… these were trading for 1.50 a couple hours ago… but had to step away and I lost them.
Closed $SPX Feb 20th 2725 puts for 14.60. Sold in the 2700/2725/2765/2790 condor on Friday.
I will get some credit back by selling the 2700 long puts…
#LongPuts – It’s bouncing so selling my first hedge to begin covering the cost of the long puts. Using a spread just for margin reduction….
Sold VXX MAR 9 2018 38.0/33.0 Bull Put Spreads @ .62
#SyntheticStock – Different oil stock in a different account. Taking this one way out in time with same size as SLB.
Bought Jan 2020 75/75/72.5 Synthetic Stock @ 7.05 debit
9.55 max loss with 99 weeks to run so .10 per week to cover.
Order in but not filled to sell the hedge for next week…
#shortputspread ANET
Sold April 220/230 for 2.22
I put the trade on for 28.90 and took it off for 30.60 so a small profit.
STC 165 put
BTC 165 call
STC 170 call
BTC 155 put
Not adding to short UVXY calls for now. Instead I want to try buying some short term puts on VXX and give it about 3 trading weeks to come in some more. Bought $VXX Mar 9 40 puts @ 1.57.
STO 2 Mar 02 2650/2550 BUPS, at 7.70 credit, earlier this morning at the 10am Lows..
BTC April 20, 85 puts @.10, sold @ 1.25
I am slowly covering my naked put positions at .10 or better to free up more margin and waiting for a further decline.
#CoveredCalls #CoveredCallCampaign
Sold $AAPL March 16th 180 call for 1.70
Sold $AAPL March 9th 170 put for 1.72
Closed on GTC order: $VRTX March 2nd 177.5 covered call for .15. Sold for 1.75 on Feb 6th.
Sold VRTX March 23rd 177.5 call for 1.60
Rolled UPS Feb 23 111 Call to Mar 2 109 .48
Rolled XLV Feb 23 87.5 Call to mar 2 87 .25
#Hedge for additional credits
#shortputs SVXY
Sold March 9, 12 put for .74. TDA still requiring $1200 for margin. To compare, I am short a March 67.50 put in UAL, margin is $1577, UAL is at 66.49
STO FAS 3 DTE 69 CC for 68.4. Anyone following this trade really work the order the MM being greedy.
3 contracts, $180 max profit for 3 days or 45% annualized ROI without margin.
Lately with these I am finding better to let be called out and then reset each week. If you roll the option lose a little on the bid-ask spread if ITM. If OTM or ATM roll it to bring in more cash.
$BAC Sold the Mar 2nd 31 Put at 0.21. Not such a great fill.
#ShortPuts – Thanks guys! I’d go synthetic down here. Selling half size puts now and if it gets there I’ll roll to synthetic. If it doesn’t get there then still make a little.
Sold WMT APR 20 2018 85.0 Puts @ .84
#SPXcampaign Sold to Open $SPX March 23rd 2525/2500 put spreads for 1.70.
#RocketManHedge – Still leaving plenty of downside room…core position is a May 2640 long put…
Bought to Close SPX FEB 23 2018 2575.0 Put @ 1.40 (sold for 7.25)
Sold SPX MAR 2 2018 2640.0 Put @ 11.40
STO June 115 covered calls @ 1.32
#SyntheticStock – Could be interesting with earnings this week…
Bought Jan 2019 47/47/45 Synthetic @ 5.50
Max loss 7.50 with 47 weeks to run so 16 cents per week to cover…
So:
Aggressive sale the week after earnings with great premium…
Sold CTRP MAR 2 2018 48.0 Calls @ .75
STO March 35, covered calls @ .65
WMT #FallingKnife
Sold:
$WMT Jun 15 82.50 puts @ 1.24
$WMT Sep 21 75.00 puts @ 1.15
STO March 2, 170 call @ .55 cents, replacing the 167.5 call that expired on Friday. The Fuzzy is 160 calls,160 puts and 155 puts.
STO March 2, 175 calls @.90 cents , replacing the 170 calls that expired on Friday. This is my Fuzzy 165call,165 put,160 put
Options Bistro 