smasty 4:20 pm on Friday, March 2, 2018
Tags: AtomicFuzzy ( 12 ), Fuzzy ( 414 ), FuzzyBear ( 22 ), SelfAssignment ( 2 )

March 2 #Fuzzy Land: Self…

March 2 #Fuzzy Land: Self Assignment
Hi Bistro Friends! I did a #SelfAssignment on MSFT today, converting naked puts into an #AtomicFuzzy. I really like selling 3-4DTE naked puts on MSFT on dips. Been doing it for 18 months it seems, with assignment always assumed but never realized. Today finally was the first chance for assignment. So I chose to do self-assignment into an #atomicfuzzy.
Original trade: STO MSFT Mar 2 94 puts for .72 closed for 1.90, loss: $1118
Atomic Fuzzy: BTO MSFT Apr 92.5/92.5/90 x10 w/ 95/97.5 Call spread for -.80 x24
A move to 94 can get me back to even with a fraction of the risk vs. taking stock assignment. There’s a hockey-stick graph above that for gains.

Atomics have become a big focus for me. I partitioned funds last week for a “hedge fund” type approach to them. Timing may be off a bit…but serious testing is in progress. I haven’t said much about this, but I think there is a ton of edge in these trades….just working on proving it out now. Even though they have nice risk control, they still need a rising market for performance. So, just laying in wait now for that to happen. I was able to take a lot of profits on previous Atomics last week. The CLOSED fuzzy profit for the quarter is now $32,994. But, I’m under water on my newest fuzzies. I was able to use #FuzzyBear trades this week to gain a few k’s.

I had a bit of an epiphany this week regarding a previous post I did that showed we need 3-of-5 one standard deviation up moves before a rally can be trusted. I’ve been watching every single day for even a 1 standard deviation up move and we haven’t had it. I realized that the huge SD down moves tamp down any further SD’s until they age off the averaging. So there’s a coincidental relationship between what I thought was 3 1-SD up moves and the big SD down moves aging off. What I thought was a wait for 3 1SD up moves was probably actually a wait for the big SD to age off, which gives it time to retest lows while waiting. Anyway….if any of this makes sense to you, welcome to my brain. The big SD down moves age off my system in the next 2 trading days. Then there should be more realistic SD data to evaluate.
Have a great weekend everyone!

Sue

Jeff 2:14 pm on Friday, March 2, 2018
Tags: Earnings ( 3,108 ), OptionsExpiration ( 794 ), ShortStrangles ( 716 )

Options Expiration 3/2/18

#OptionsExpiration #Earnings

— Expiring w/max profit —
$AZO 790 calls
$SPLK 84/112 #ShortStrangles

geewhiz112 1:15 pm on Friday, March 2, 2018
Tags: OptionsExpiration ( 794 )

Expirations

#optionsexpiration
$SPX 2655/2680 BUPS
$SPX 2600/2625 BUPS
$DVN 35 call (Covered)
$DVN 32 call (Covered)
$AZO 790 call Part of earnings strangle Thank you @jeffcp66

Everyone have a restful weekend. Strong winds and rain in Long Island area.
Thanks to everyone for the great information and support.

Ramie 1:13 pm on Friday, March 2, 2018
Tags: Earnings ( 3,108 )

Options Expiration for 3/2

$AMZN Mar 2 1220/1320/1550/1650 iron condors
$AMZN Mar 2 1250/1240 put spreads
$AZO Mar 2 655/790 strangle (#Earnings trade from @jeffcp66–I got lucky on the dismount)
$DUST Mar 2 35 calls

No assignments.

A nice move down in the VIX today brought in some premium but it’s still really elevated (futures over 4% in backwardation). Today’s up volume in SPY was about average (based on the 50dma) but not as high as yesterday’s down move. Could this be a higher low or just a bounce after 3 big down days, a reprieve on the way to lower prices? We’ll see next week.

Oscar predictions:
Best Supporting Actress: Allison Janney
Best Supporting Actor: Sam Rockwell
Best Actress: Frances McDormand
Best Actor: Gary Oldman
Best Director: Guillermo Del Toro (Shape of Water)
Best Picture: Three Billboards Outside Ebbing Missouri
Probably not much of a stretch there, but go make some money in your Oscar pool 🙂

Have a great weekend everyone.

jsd501 1:05 pm on Friday, March 2, 2018

CME Fuzzy

My weekly hedge of March 2, 170 call will expire so I will sell the March 9 call on Monday which I hope will be the 175 call. That is it for this week Have a nice weekend to everyone. The call was against my 160,160,155 in 2020.

Ramie 12:56 pm on Friday, March 2, 2018

Correction? What correction? NFLX at all-time highs.

Just pushed above 300 for the first time.
Rolled 3/23 265/295 strangles out to 3/29 270/300 for .20 credit.

jsd501 12:50 pm on Friday, March 2, 2018

UNH

BTC April 20, 80 put @.10 on 1 contract. Sold @1.95

Jeff 12:45 pm on Friday, March 2, 2018
Tags: SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign My morning sentiment was dead wrong. Just had to stop out on a call roll. Probably not putting any more rolls on as I truly do not know what Monday will bring.

Stopped: $SPX March 5th 2700/2725 call spreads for 5.70. Sold this morning for 3.10.

Also, sold to close LONG March 9th 2625/2600 put spreads for 2.90. Bought for 2.60 yesterday.

geewhiz112 12:39 pm on Friday, March 2, 2018
Tags: SPXcampaign ( 2,265 )

SPX Campaign

#spxcampaign
$SPX STO 3/28/2500/2525 BUPS at 2.05
$SPX STO 3/23 2800/2775 BECS at 2.80 Thank you @jeffcp66

Jeff 12:29 pm on Friday, March 2, 2018
Tags: Earnings ( 3,108 )

AZO put closed

#Earnings BTC $AZO March 2nd 660 put for .50, to avoid possible assignment. Sold the strangles for 4.225 on Monday, closed the puts for 1.00 and .50, letting the calls expire.

fuzzballl 12:06 pm on Friday, March 2, 2018
Tags: SyntheticStock ( 356 )

AZO

#SyntheticStock – Instead of selling an unlimited risk big wide strangle or going pure synthetic I’m trying a little experiment since it’s such a high dollar stock. Thesis (LOL for what that’s worth!) is that the 200ma will hold and there’s not much of a chance of exceeding the all time high this year. (Citi has 790 target on it).

I’m buying a call spread out in Jan 2019 and then selling against it…selling call spreads against it for now since selling naked calls against it results in an additional margin hit since the platform sees it as blocking potential gains.

Bought to Open AZO JAN 18 2019 660.0/760.0 Bull Call Spread @ 40.60 (that’s my max loss)

40.60 with 46 weeks requires .88 a week to cover. Shouldn’t be a problem with this thing.

So:

Sold AZO MAR 9 2018 675.0/700.0 Bear Call spread @ 3.15

Even if the stock goes nowhere selling 3 bucks a week should be a nice winner…

Ramie 12:00 pm on Friday, March 2, 2018

AGN adding

Adding to my position in May
Sold $AGN May 18 115 put @ 1.30.
I’m now short the following put ladder:
Mar 145 (may need to be rolled)
May 130
May 120
May 115
Aug 105

1strangealien 11:28 am on Friday, March 2, 2018
Tags: Fuzzy ( 414 ), SyntheticStock ( 356 )

SLB, UPS

#SyntheticStock – STO SLB Mar09’18 67.5 calls for 0.28

#Fuzzy – STO UPS Mar09’18 109 calls for 0.32

Ramie 10:30 am on Friday, March 2, 2018

WHR July

Adding to put ladder. Sold $WHR Jul 20 120 put @ 1.60.
Put ladder is now:
Apr 120
Jun 130
Jul 120
Sep 115

geewhiz112 10:14 am on Friday, March 2, 2018
Tags: SPXcampaign ( 2,265 )

Better Early Than Never / SPX Campaign

Saving $2
$SPX BTC 3/2 2725/2700 BECS at 23 STO at 3.00

#spxcampaign
$SPX STO 4/6 2500/2550 BUPS at 5.20 Thank you @fibwizard for the idea. I am more timid than you.

geewhiz112 9:51 am on Friday, March 2, 2018
Tags: IronCondor ( 244 ), LongCalls ( 495 ), SPXcampaign ( 2,265 )

#spxcampaign $SPX STO 3/2 2635/2660…

#spxcampaign
$SPX STO 3/2 2635/2660 BUPS at 5.70 then $SPX BTC 3/2 2635/2660 BUPS at 3.30

#ironcondor
$AAPL STO 4/20 150/160/195/185 at 2.75

#longcalls
$WYNN BTO 1/18/2019 165/175 BUCS at 4.25

fibwizard 9:19 am on Friday, March 2, 2018
Tags: SPX ( 105 )

SPX

#spx

STO Apr 02 2500/2600 BUPS, credit of 12.70

hcgdavis 9:00 am on Friday, March 2, 2018
Tags: OptionsExpiration ( 794 ), pietrades ( 240 ), SPYcraft ( 95 )

#pietrades and #optionsexpiration Not much…

#pietrades and #optionsexpiration

Not much today, taking assignment of LNG puts at 55.5 strike. Cost basis 55.02. Start selling calls on Monday.

Rolled NSC 141 covered call today to next week 140 for 1.40 credit. Cost basis now 138.57.

Already rolled GM to next week, will take assignment, collect dividend then sell calls. Cost basis 39.3

MAR 138 does not expire until next week because I hit the wrong button on Monday when I sold it.

Once I clear some of these out will restart #spycraft actually using spy and will adjust by adding in the middle calls/puts if needed. First adjustment would be a roll like @jeffcp66 but if it keeps moving then try the new style.

Will set up 45 DTE and each 3-7 days add new cycle. Once 3-4 weeks rolling manage it like a continuous ladder of credit spreads.

1strangealien 8:28 am on Friday, March 2, 2018
Tags: Fuzzy ( 414 )

XBI

#Fuzzy – STO XBI Mar09’18 93 calls for 0.5. My core position is in June’18.

fuzzballl 8:17 am on Friday, March 2, 2018
Tags: SyntheticStock ( 356 )

SLB

#SyntheticStock – Only getting partial fills for closing this week’s at a penny but since it’s not in an IRA I’m selling next week while waiting.

Bought to Close SLB MAR 2 2018 67.0 Calls @ .01 (sold for .38) (filled on 2 out of 10)

Sold SLB MAR 9 2018 66.5 Calls @ .50

Jeff 8:13 am on Friday, March 2, 2018
Tags: CoveredCallCampaign ( 132 ), CoveredCalls ( 2,201 ), Rolling ( 447 )

Covered Calls

#CoveredCalls #coveredcallcampaign

Stopped: $BABA March 16th 177.5 put for 5.85. Sold for 1.35 on 2/21.
#Rolling: Sold BABA April 20th 170 put for 5.60.
Sold BABA Apr 6th 197.5 call for 1.70

Closed on GTC order: $FB Mar 9th 187.5 call for .14. Sold for 1.45 on 2/14.

Jeff 8:09 am on Friday, March 2, 2018
Tags: ReverseRoll ( 144 ), SPXcampaign ( 2,265 )

SPX trades

#SPXcampaign With Futures down and a weak open, I rotated some positions out of puts. I may only be talking my book, but I still sense we have lower to go. The chart I posted yesterday shows most of these double-header downside warnings take us down to the previous low (2532) or lower. Yesterday’s low was still 5% above that low.

Sold $SPX March 23rd 2790/2765 put spreads for 22.00. This is the ITM position I originally sold in early Feb. Closed the March 9 roll yesterday and now rolling 2-weeks further.

Stopped Apr 6th 2550/2525 put spreads for 4.30. Sold for 2.00 as a roll on Wednesday.
#ReverseRoll Sold March 5th 2700/2725 call spreads for 3.10, 1.44x position size.

Stopped March 23rd 2525/2500 put spreads for 3.15. Sold for 1.70 on Feb 20th. Cued up some March 29th lower put spreads for a roll. Will fill if we go lower.

Sold March 2nd 2660/2685 call spreads for 8.25. Nail-biter of a day trade.

fuzzballl 7:39 am on Friday, March 2, 2018
Tags: ShortPuts ( 4,763 ), volatility ( 16 )

Volatility…how’s it going?

Not sure about you guys (gals) but overall I’m fairly happy where most of my positions stand even though account is red today. Fairly big batch of weeklies rolling off the next two weeks. Definitely not getting rewarded for those today. I think the losses today can be attributed more to volatility expansion instead of adverse movement in the stock in a lot of cases.

#shortputs, #volatility

fuzzballl 7:32 am on Friday, March 2, 2018
Tags: Earnings ( 3,108 )

OLED

#Earnings – I think the easiest (and safest) way to turn this strangle into a winner is roll it into synthetic.

Closed Mar 16th 143/140 Inverted Strangle

Opened Jan 2019 120/120/115 Synthetic in same size.

Rough math after rolling strangle loss into synthetic basis is max loss of 44.60 with 46 weeks to run so .97 per week with pretty good premium in the weeklies. I may add one more synthetic to lower the weekly requirement.

And:

Sold OLED MAR 9 2018 128.0 Calls @ 1.30

Jeff 7:21 am on Friday, March 2, 2018
Tags: Market ( 69 ), SPXcampaign ( 2,265 )

SPX short

#SPXcampaign #Market I will post trades soon, but I switched more put spreads to calls and I believe we will be going further down today.

Ramie 7:05 am on Friday, March 2, 2018

BA put spread

Sold $BA Apr 20 300/290 put spread @ 1.30. Offsets an Apr 20 390/400 call spread.

fuzzballl 7:02 am on Friday, March 2, 2018
Tags: SyntheticStock ( 356 )

XOM

#SyntheticStock – Core is all the way out to 2020 and only needing a dime a week. Possibly my favorite position right now…

Bought to Close XOM MAR 2 2018 77.0 Calls @ .03 (sold for .55)

Sold XOM MAR 9 2018 76.0 Calls @ .54

fuzzballl 6:59 am on Friday, March 2, 2018
Tags: SyntheticStock ( 356 )

CRUS

#SyntheticStock – Putting this in the synthetic category even though this was just the buying of 45 strike calls out to next January. First sale against these needing .15 per week.

Sold CRUS MAR 16 2018 44.5 Calls @ .65

Jeff 6:52 am on Friday, March 2, 2018
Tags: VXXGame ( 769 )

The New SVXY: A Comparison

The New SVXY: How Will The Revised ETF Perform Compared To ZIV And To The Old SVXY?

https://seekingalpha.com/article/4152553-new-svxy-will-revised-etf-perform-compared-ziv-old-svxy?auth_param=bf3bv:1d9ikf5:969d59d3332385040c89b89bf109e8a1&uprof=37#alt1

#VXXGame