for those like me that are trying to add a little directional bias and trading to their option selling, Raghee from simpler has posted her charts to TOS and tradestation. I can only get the TOS version to work. Pretty simple charts to follow
Here’s an example. Not as clean as @fibwizard but easy to follow. Red short, green long, blue transition. The dots along the 21 ema show buying or selling strength and the boxes are auto plotting darvas for support and resistance. I use them a little on 15, 60, and 4 hour chart.
#VIXIndicator The clock resets. We need three consecutive closes below 17.76, so Friday is the earliest this may happen. A close above 19.75 tomorrow will mean the Downside Warning is reinstated.
#Earnings – Down big but not that far below breakeven. Sneaking in another call sale this week before possibly rolling.
Bought to Close AZO MAR 2 2018 790.0 Call @ .25
Sold AZO MAR 2 2018 665.0 Call @ 3.20
Position is now 660/665 Strangle @ 9.10 for this Friday
#PerpetualRollingStrangles – Back just in time to make a few trades…
Bought to Close TLT MAR 2 2018 120.0 Calls @ .03 (sold for .44)
Sold TLT MAR 16 2018 119.5 Calls @ .48
#SPXcampaign In light of the weakness and possible failure of Upside Warning, I stopped nearest put spread and rolled into equal-sized, same date condor. Likely I’ll have to roll one of these sides, but better then waking up tomorrow with a large gap down.
Stopped: $SPX March 16th 2750/2725 put spreads for 8.30. Sold yesterday for 5.80.
#CondorRoll: Sold March 16th 2670/2695/2820/2845 condors for 7.85.
#VXXGame BTC $UVXY June 55 call for .76. Sold for 11.00 on Feb 6th.
STO UVXY March 16th 16 call for 1.95.
Looking more like no Upside Warning today… going to have to roll some put spreads if we creep closer to 2750.
I’m going to start selling some closer to the money/aggressive UVXY calls to help reduce basis on SVXY. But because of the lower strike prices I’m spreading them for now.
First batch: Sold $UVXY May 18 20/30 call spreads @ 1.20.
STC 2 Apr 06 2600/2700 BUPS at 12.50 credit (2500.00)
I’m already short 32.50 puts in July so I’m adding cautiously at a lower strike.
Sold $APA Jul 20 30 put @ 1.30.
$GWW Apr 20 145 put @ .05 (sold for 2.65 on 10/24)
$GWW Apr 20 150 put @ .10 (sold for 2.90 on 10/19)
$GWW Apr 20 155 put @ .10 (sold for 3.10 on 10/17)
My remaining positions in this stock are all in July–an ITM short 220 call and several short puts below that, offsetting it.
Sold a mini-ladder
$AZO Apr 20 580 put @ 6.20
$AZO Sep 21 500 put @ 10.51
Our AZO trade not looking good at this time
Bad news for those of us holding and hoping with SVXY
#VXXGame Starting tomorrow, $SVXY will be -0.5x and $UVXY will be +1.5x
@fibwizard whats your next support point?
Looking at a #spycraft trade but not sure if I want to put it on today or wait until we find support again.
BTC $BABA March 2nd 202.5 call for .15. Sold for 1.75 on Feb 6th.
Stopped: $AAPL March 16th 180 call for 2.65. The stock breached my strike then immediately offers a nice pullback so I could exit. Sold for 1.70 on Feb 20th.
I will sell new calls on both when we reach new highs.
SPX Trade Sold to open March 23rd 2630/2610 BuPS @ 1.25 with SPX at 2771
#SPXcampaign Stopped: $SPX March 15th 2850/2875 call spreads for 2.90. Sold for 1.60 on Feb 15th.
Bought SPX March 7th 2810/2830 call spreads for 3.45. This anticipates an Upside Warning going into effect today, and will profit from the probable strong push higher over the next week.
#ContangoETFs Hitting that sell level again…
Sell $DUST Sept 40 call for 3.10.
#SPXcampaign Sold $SPX March 29th 2625/2600 put spreads for 1.65.
Earnings tonight… I didn’t know about the symbol change.