#spxcampaign
$SPX BTC 2/23 2710/2735 @ 8.00 STO for 1.60
#shortputs
$WYNN BTC 3/16 200/190 BECS @ .20 STO 2/7 at 1.82
$ALGN BTC 3/16210/220/BUPS at 82% profit
Daily Archives: Thursday, February 22, 2018
$Longput
VXX buy Mar 16 $40 put for $1.87, if volatility settles down even half way to 50 ma this should pay off big. VXX $43.87
#shortcalls NUGT Jan 2019 $64…
#shortcalls
NUGT Jan 2019 $64 call closed $2.10, sold $4.10. redeploying cash
Closing WBA Apr
Bought to close $WBA Apr 20 60 puts @ .40. Sold for 1.43 and 1.85 from 10/9/17-10/13/17.
With earnings estimated before April expiration I decided to close this down for most of the profit.
STMP Apr
Big move up after earnings but has come back to the lower end of today’s range.
Selling some premium in April with the IV still elevated (IVR 60).
Sold $STMP Apr 20 230/240 bear call spread for 1.72 credit.
Short strike is near the Oct highs.
Be careful with this one–markets are really wide; both of these contracts have low volume and OI.
$MU #shortputs I decided to…
$MU #shortputs I decided to close mu Feb 23rd 45 Put at .99. Just not feeling the love today. Just too early yesterday. 0.44 loss plus fees.
OLED Earnings
#Earnings – Thanks @Jeff for pointing this one out…I almost over looked it. Playing fairly aggressively and skewed bullish. Selling the put side just inside the expected move and the call side at twice the expected move…
Sold OLED FEB 23 2018 145.0/180.0 Strangles @ 4.25
COST
BTC April 125 puts @ .10, sold @ 1.25
SPX
STO Feb 23 2645/2640 .15 #Itty-Bitty
FSLR Earnings
#Earnings – Just a small low risk low probability iron fly. 3 wide on a 5.30 expected move risking 40 to make 260.
Sold FSLR FEB 23 2018 63.0/66.0/69.0 Iron Flies @ 2.60
#pietrade BTO ERX 26 CC…
BTO ERX 26 CC 8 DTE for 25.54. $278 income on 6 contracts in IRA.
Forgot earlier, should be assigned on AAL 52.5 CC tomorrow as well. I had cost basis down to 39.75 or so for decent profit in 3-4 weeks.
SRCL #FallingKnife Taking a huge…
SRCL #FallingKnife
Taking a huge hit after earnings. Sold $SRCL Aug 17 50 puts @ 1.25 with the stock at 61.48.
OLED earnings
#Earnings Sold $OLED Feb 23rd 140 puts for 2.15. Biggest UP move: 23.9%, Biggest DOWN move: -11.5%, Average move: 9.6%. Bias: +3.7%. My strike is -9.1% OTM.
Never traded this one before, but it has a nice upside bias. The -11.5% move in Feb 2016 was its biggest ever move down. Last Feb it went up 20%.
I will sell more if stock drops a bit.
SPX calls sold
#SPXcampaign Sold $SPX Feb 28th 2750/2775 call spreads for 4.45. Offset Feb 28th put spreads sold yesterday.
Closing SNAP
On the down move today, bought to close $SNAP Mar 16 20 calls @ .20. Sold for 1.20 on 2/9.
SVXY
looks like we need 17.75 on the vix now to get out of inversion/backwardization.
Of course it seems like it is taking forever (at least a lot longer than previous spikes) because we all need it to get there.
My accounts took a huge haircut on SVXY and at this point I would be happy just to see it get back to 20. At least that would only be a 50% chop instead of an 80% trimming like it is now. Actually at 50 I would be back to the starting value of the accounts, would just be down the house money I made and lost and I can live with that.
As for the rest of the week, looks like everything will expire ITM on the CC and will let them call out (ERX, FAS, GILD).
On the put side have GM 42.5 and SMH at 103 for next Friday and will add some other #pietrades on Monday.
$ROKU Sold to open Mar…
$ROKU Sold to open Mar 2nd 41 Put @ 1.25 with stock at 42.91.
#fuzzy MCD My contribution to…
#fuzzy MCD
My contribution to the fuzzy world. MCD appears to be coming back from an earnings drop and the correction.
September 165/165/160 for 717, sold March 2, 165 call for .30
AAOI
#ShortStrangles – Back to the old grind on this long running repair trade. Getting partials trickling in one at a time….
Sold AAOI MAR 16 2018 30.0 Calls @ .60
#shortputs ROKU Sold March 16,…
#shortputs ROKU
Sold March 16, 40 put for 2.20, thanks to you guys and the ROKU #earningstrades
ROKU
#ShortStrangles – Decent premium in these….170 percent return on margin (over 400 percent annualized) and even higher if I’m out sooner than expiration.
Sold ROKU JUL 20 2018 25.0/80.0 Strangles @ 2.62
AAOI
#ShortStrangles – These were in the money until the earnings flop…LOL On the bright side, with all the long puts I’m holding I’ll make more at zero. 🙂
Bought to Close AAOI FEB 23 2018 33.0 Calls @ .05 (sold for 1.10)
ROKU & STMP Earnings
#Earnings – That was fun…
Bought to Close ROKU FEB 23 2018 40.0/60.0 Strangles @ .15 (sold for 2.00)
Bought to Close STMP FEB 23 2018 160.0/230.0 Strangles @ .12 (sold for 3.20)
SPY
BTO Apr 271/271/269 Long #Fuzzy 5.57
STO Apr 280/282 .54 2x #atomicfuzzy
XOM
Rolled Feb 23 79 Call to Mar 2 77 .25 #Hedge
WMT
STO CC #Hedge Mar 2 97.5 Call .15
UPS
STO UPS Mar 29 111/113 Calls .32 2x #atomicfuzzy #Hedge
ROKU puts
Sold $ROKU Apr 20 30 puts @ 1.35 with the stock at 40.15
Good Morning
Good Morning
Options Bistro 