#SVXY For those who got…

#SVXY
For those who got assigned SVXY at adjusted cost below $50, have you considered a trade like this?

-Sell the stock at market price
-Sell leap puts Jan 2020 at your adjusted cost strike, for example 50Put for $36.50
-Use the proceeds to buy 5 Jan 2020 leap calls at 15 for $6.00ea=$30

The rest of cash will go back into your account.
Since we already lost the money, selling this put would not create more loss.

If I understand this correctly, the B/E would occur when SVXY reaches about $26 at expiration or less if before expiration.

Main risk is that SVXY does not reach $26 by Jan 2020

Would something like this work?

SPX Campaign / Long SVXY…

SPX Campaign / Long SVXY Calls / Short Puts AMZN / AZO Earnings Strangle / Close Early SQ Calls /

#spxcampaign
$SPX STO 3/2 2700/2725 BUPS at 3.00 Thank you @jeffcp66
$SPX STO 3/9 2775/2800 BUPS at 17.00 Thank you @jeffcp66

#longcalls
$SVXY BTO 1/17/2020 16 calls at 5.30 Thank you @fuzzballl

#shortputs
$AMZN STO 3/16 1420/1440 BUPS at 2.85

#shortstrangles (Earnings)
$AZO STO 3/2 660/790 at 6.40 Thank you @jeffcp66

Closed Early (partial position due to earnings tomorrow)
$SQ STC 3/16 40 call at 6.85 BTO at 2.80
$SQ STC 3/16 46 call at 3.00 BTO 11/15 at 5.50 (Should have closed them all)

Taking some positions off for…

Taking some positions off for most of the potential profit
Bought to close:
$AAPL Apr 20 130 put @ .09. Sold for 3.60 on 9/22.
$ABC May 18 55 puts @ .10. Sold for 1.10 on 11/2.
$ESRX May 18 47.50 puts @ .20. Sold for 1.40 on 10/16.
$ALK Apr 20 50 puts @ .10. Sold for 1.25 on 11/8.
$NUGT Jun 15 54 calls @ .48. Sold for 2.30-2.60 from 1/17-1/24.
$NUGT Jun 15 49 calls @ .60. Sold for 2.60 on 1/12.
$QCOM Jun 15 40 puts @ .22. Sold for 1.10 on 10/31.
$QRVO May 18 55 puts @ .25. Sold for 1.50-2.10 from 12/4-12/16.
$UVXY Mar 2 26 calls @ .07. Sold for .35-1.18 from 2/1-2/5.
$UVXY Mar 2 20 calls @ .13. Sold for .66-1.10 from 1/29-1/30.

Another reverse roll

#SPXcampaign Closed $SPX March 23rd 2860/2885 call spreads for 3.10. Sold for 1.75 last Wednesday.
#ReverseRoll Sold March 16th 2750/2725 put spreads for 5.80.

Signs are pointing to an Upside Warning tomorrow afternoon, but can’t be certain until it happens. VIX is not dropping much today.

$VXX long puts

Closing a profitable position in 3/9 and opening a new one in 3/16.
Sold to close $VXX Mar 9 40 puts @ 2.90. Bought for 1.57 on 2/20.
Bought to open $VXX Mar 16 36 puts @ 1.17.

WDC

BTC April 20, 60 put @ .10 cents, sold @ 1.20

Also, Added to my Bearish Fuzzy trade on TQQQ.

165,P,165C,170 C and the March 2, 155 put For a total cost of 26.00

AZO Earnings

#Earnings -Thanks @Jeff ….I’m in.

Sold AZO MAR 2 2018 660.0/790.0 Strangle @ 6.16

#bitty

AMZN

#SyntheticStock – With the breakout above 1500 I’m probably safe moving everything up. Rolling everything up 100 points including the disaster put and the front month call sale. This should lead to much better rollability for the ITM weekly call.

Rolled Jun 2019 1250/1250/810 synthetic to Jun 2019 1350/1350/910

And:

Rolled Apr 2018 1240 short call to Apr 2018 1340 short call

Did the entire package for a 3.60 debit easily covered by earlier weekly hedge sales. Will be looking to roll the April call once a little more time bleeds out of it.

#pietrades at the open, sorry…

#pietrades at the open, sorry did not have time to post until now.

BTO NSC this week CC 141 strike at 139.97 on 3 contracts.

BTO MAR next week (hit the wrong button) 138 CC at 137.17 3 contracts.

BTC the SMH this week 103 put at 0.29, sold for 0.89 last week.

STO LNG this week 55.5 puts at 0.45 for 2 contracts in a smaller account

Like that VIX back in contango, down 0.33 and the SVXY up about the same but percentage wise 3.47%. If we can do that every day for a year will break even 🙂

STC 1x SPX Mar 16 2840/2860 2.40

Still have 2x down to almost a 0 Risk on Bal

MU

BTO Mar 23 47.5/47.5/45.5 1.89 #Fuzzy
Un Hedged Earnings Mar 22

SVXY

After calculating over the weekend where this particular account stands my stock basis turned out to be 48.82. These were all synthetic stock positions that were hedged with disaster puts so all said and done the damage wasn’t horrible. I’ve since sold all the stock at 12.90.

After playing with the numbers to go synthetic, it actually works out a little better and less complicated just to buy the calls. This first purchase is equal to the stock size. I’ll add to it on any pullbacks since I’m willing to risk a little more by going double the stock size.

Bought SVXY JAN 17 2020 15.0 Calls @ 5.65

I am planning to try to sell safe calls against these to reduce overall risk. The goal will be for the profit in these to equal the stock loss and at that point decide how much longer to hold. This position is in an IRA and it’s still sitting on one last 80/80/77.5 synthetic that if exercised would lower my cost basis slightly.

I’ve got SVXY in my main account also and was much better hedged. Basis there is 30.00 with one Jan 2019 25 put still outstanding. Planning on a call buy in that account also.

My worst position is a smaller account that was unfortunately “SVXY only”. Had nothing but laddered naked puts in it. Basis there is 97.70. Still holding stock covered by 11.50 short calls. Waiting to see how those play out before adding long calls to that account.

SWKS

BTC May 70 puts @.10, sold @ 1.45

TSLA

#ShortStrangles – Keep rolling into new strangles every week or two until this thing comes back to reality…rolling the put up a little for now for nice credit.

Rolled TSLA MAR 9 2018 315.0 Put to MAR 9 2018 342.5 Put @ 3.40 credit

Position is now Mar 9th 342.5/355.0 Strangle @ 11.65

SPX

#RocketManHedge – Not much fun having these now but in a selloff they’re awesome…killing time for now with safe sales.

Bought to Close SPX MAR 2 2018 2640.0 Put @ .85 (sold for 11.40)

Sold SPX MAR 7 2018 2700.0 Put @ 7.75

OLED

#ShortStrangles – Rolled puts out and down after earnings. Selling calls against those now…

Sold OLED MAR 16 2018 140.0 Calls @ 2.10

Position is now 143/140 inverted @ 6.55

SPX reverse roll

#SPXcampaign Closed $SPX 2845/2870 call spreads for 2.95. Sold Friday for 1.55.
#ReverseRoll Sold March 9th 2725/2700 put spreads for 4.05.

Rolling NFLX strangle

Rolled 3/16 260/290 strangle up 5 points and out 1 week to 3/23 265/295 strangle for .20 credit.

Morning all

$SPX #spxcampaign Sold to open Mar 16th 2615/2595 (Monthly) for 1.00.

AZO earnings

#Earnings Sold $AZO March 2nd 660/790 strangle for 3.95. Biggest UP move: 5.8%, Biggest DOWN move: -11.8%, Average move: 2.5%. My strikes are +7.2% and -8.7% OTM.

This is a 1-lot. I plan to sell another toward day’s end.

The -11% down move is an outlier from last May. It bounced from there and ended the week down only 6%, and then sunk to new lows a couple weeks later.

XOM

Rolled #Hedge Mar 2 77 to Mar 9 81 1.01 Debit More room to move

#volatility #shortcalls Sell March 16…

#volatility #shortcalls

Sell March 16 UVXY $10 call for $3.95, presently $13.93

BABA Fuzzy

Rolled March 9, 195 calls to April 20, 200 calls for a credit od 2.60

chasing puts

#SPXcampaign Determined to sell puts at the open, but I kept having to raise my strikes… this is the bullish action we can expect after a downside warning is cancelled.

Sold $SPX March 29th 2610/2585 put spreads for 1.50. (March 30th is Good Friday and markets will be closed, so final expiration for that week is Thursday the 29th).

SPX puts closed in pre-market

#SPXcampaign Closed in pre-market on GTC orders:

$SPX Feb 28th 2675/2650 put spreads for .30. Sold for 3.80 on Wednesday.
$SPX Mar 2nd 2625/2600 put spreads for .30. Sold for 5.75 on Feb 13th.

Econ Calendar for week of 2/26/18

Be sure to periodically click Home/REFRESH to keep Bistro features updated.
JOBS report will be the SECOND Friday, March 9th.

Screen Shot 2018-02-26 at 6.00.37 AM

Good Morning

Good Morning

Notable Earnings AMC Fri (Last Week)/BMO Mon:

AWI, BCC, CLDT, CPRT, CRK, DF, ECYT, EMES, GOV, I, KOS, NSA, SEMG, SN, VST, WBT

Notable Earnings AMC Mon/BMO Tues:

ALDR, AWR, BGC, CLGX, CLVS, CRC, CRZO, DK, DPLO, DRH, EHC, ESV, EXEL, FIT, FRAC, GSM, LNTH, NTRI, NUVA, OKE, PANW, PDCE, PEGA, RBA, SBAC, SNHY, THC, TWOU, VERI

AES, AMAG, AMRN, AMT, AZO, BCRX, BLD, BMCH, BMO, BNS, CRI, DISCA, EE, ENDP, EV, FI, GCP, GTN, HYH, IART, IONS, IPI, LAMR, LGIH, LL, LXP, M, MNK, NXST, PAH, PNM, PRGO, RLGY, SAH, SEAS, SERV, SFL, SHLX, SHOO, SNH, SRE, STAY, STKL, TOL, VSI, XHR

Notable Earnings AMC Tues/BMO Wed:

AAXN, ACAD, AKAO, ALB, ATSG, ATUS, BBG, BGFV, BGS, CPE, CTRE, CYH, DAR, DEPO, DXCM, ENPH, EOG, ESRX, ETSY, EVH, EVHC, FGEN, FPRX, FTR, GTE, HTZ, IMAX, JONE, LADR, LYV, MASI, MHLD, MNKD, MTZ, NBR, OAS, OUT, PCLN, PZZA, RLJ, RRC, RRD, RRR, RSPP, SQ, SRG, SUPN, TDOC, TIVO, TPC, TSRO, VEEV, WDAY, WMGI, WTR, WTW, XOG

ADI, CHS, CLH, CROX, DOC, DRQ, DY, FOLD, FRO, FSS, HZNP, LIVN, LNCE, LOW, OCN, ODP, PCRX, RDC, SBGI, SSP, SSYS, STWD, SYNH, TA, TJX, TTI, UNVR, VRX, WP

Notable Earnings AMC Wed/BMO Thurs:

ALEX, AMBC, BLDP, BLDR, BOX, CRM, DDD, ECR, EPR, FOE, GPT, HGV, HIIQ, HK, HLIT, ILG, KTOS, LB, LQ, MNST, MYL, NCS, PTLA, QEP, SGMS, TCAP, TWNK, UHS, WTI

AMC, AMCX, BBY, BID, BKS, BUD, CLNS, CNQ, CNSL, COT, CPG, CWT, DEA, FND, HPT, HZN, IPXL, ITCI, KSS, LOXO, NRG, NSM, NYLD, ORBC, PDCO, PEGI, PF, TD, TGNA, TRCO, TROX, USCR, VGR

Notable Earnings AMC Thurs/BMO Fri:

AHT, AMBA, AOBC, BW, GPS, JWN, KEYS, MBI, NKTR, NPTN, NSU, NTNX, PBYI, PK, PSTG, RDUS, SGYP, SPLK, SRPT, SWN, TNDM, UNIT, VMW, WSR, XON, ZIOP

FL, JCP, JD