hcgdavis, back on January 26,…

hcgdavis,
back on January 26, 2018 you mentioned a repair trade on SWKS using a put based #fuzzy. Could you please post the trade and the repair? I am trying to learn how this works. May save my bacon some day.
Thank you. Mike

Expiration / Covered Call SQ

#optionsexpiration
$SPX 2665/2790 BUPS Thank you @jeffcp66
$SPX 2550/2650 BUPS Thank you @alsumde
$WYNN 160/170 straddle Thank you @honkhonk81
$ETE 17 call (covered)
$EXAS 49.5 call (covered)

#shortcalls
$SQ 3/2 46 call at 2.00 (covered)

Thank you all. Have a terrific weekend.

CELG FSLR LUV OLED SVXY and “The GOAT!”

Was out all day today chasing the G.O.A.T. up and down grassy hills in the sunshine. Yes….that’s right…I followed Tiger Woods today in the Honda Classic. Since he was only 45 minutes up the turnpike I couldn’t pass it up. I hadn’t seen him hit a ball in person since the 1999 Byron Nelson tournament down in Ft. Worth. For a lifelong golf nut like myself, it really was a thrill even though he’s the “Old Tiger” and no longer the “Tiger of Old”. Just a lot of fun and a great day seeing him and all the young guns that were in diapers back in 1999 (if they were born yet) 🙂 🙂 .

Along with all that I did manage to find a shady spot and take care of all my #SyntheticStock and #Earnings Friday action that was needed…

Bought to Close CELG FEB 23 2018 96.0 Calls @ .02 (sold for 1.00)
Sold CELG MAR 2 2018 96.0 Calls @ .68

Bought to Close FSLR FEB 23 2018 63.0/66.0/66.0/69.0 Iron Flies @ 2.65 (sold for 2.60) small loss…

Bought to Close LUV FEB 23 2018 58.0 Calls @ .05 (sold for .60)
Sold LUV MAR 9 2018 58.5 Calls @ .75

Rolled OLED FEB 23 2018 145.0 Puts to MAR 16 2018 143.0 Puts @ .30 credit (I’ll sell calls against these for a few weeks and then maybe roll to a new strangle) basis now 138.75

SVXY – Sold almost all of my stock @ 12.90. I think I will now go all synthetic at twice the size (and much less out of pocket). This will indirectly lower my basis in all the former stock positions by half. I’ll get the exact basis on each lot over the weekend. Haven’t decided yet on adding disaster puts…I probably will at some point.

Have a great weekend!

Options Expiration for 2/23

Only 2 positions expiring today:
$RUTW Feb 23 1530/1540/1570/1580 iron condor
$UVXY Feb 23 20 calls

No assignments but I’m a little burnt on this assignment thing with the SVXY overdose. Speaking of SVXY it was up 8% today. All we need is 15 consecutive days of an 8% increase and it will be over 40 again 🙂 Ahh, fun with math.

Have a great weekend everyone.

Options Expiration 2/23/18

#OptionsExpiration #SPXcampaign #Earnings #ShortStrangles

— Expiring w/Max Profit —
$SPX 2690/2665 put spreads, sold for 5.45 on Feb 15th
$STMP 150/230 strangles, sold Wednesday for 2.30

— Expiring w/full loss —
$SPX 2425/2400 LONG put spreads, bought for 3.00 and 1.50 on Feb 9 and 12.

Downside Warning canceled

#VIXIndicator This is the first day we closed below the VIX Fib 78.6% line. Two more consecutive days will mean an Upside Warning.

Have a nice weekend to everyone

No expirations today.