#spxcampaign I’m taking another round of Dan Sheridan’s IC class. Opened a Mar 16th Monthly (Should have picked the weeklies) 28o0/2810/2635/2625 for 1.30 credit. Targeting 0.85 credit.
Daily Archives: Wednesday, March 7, 2018
Rolling DVN and EXAS / SPX Campaign
#rollup
$EXAS BTC 3/9 48 call and STO 3/29 50 call for 1.20 additional credit
$DVN BTC 3/9 41 put and STO 3/23 33 call for an overall debit of $2
#spxcampaign
Closed Early
$SPX BTC 3/9 2775/2750 BECS at 2.00 STO yesterday at 4.55 Thank you @jeffcp66
SPX
#RocketManHedge – Hedge is out to May but still gradually paying for it…
Bought to Close SPX MAR 7 2018 2700.0 Put @ .05 (sold for 7.75)
Sold SPX MAR 12 2018 2700.0 Put @ 9.00
SPXL Sold Mar 16th 46…
SPXL Sold Mar 16th 46 Call at 1.15 with SPXL at 45.81
XBI
#Fuzzy – XBI tried to blast off earlier today and it pushed my Fuzzy+hedge into negative delta so I closed it down. BTC XBI Mar09’18 93 calls and STC XBI Jun15’18 91/91/88 fuzzy. Netted 1.96 per contract, trade has been on for 1 month. Looking to reload on a pullback!
XBI
#IRA – Missed one yesterday…
Bought to Close XBI MAR 16 2018 80.00 PUT @ .05 (sold for 1.68)
TSLA put spread
Sold $TSLA Apr 20 290/280 BuPS for 1.70. Short strike at 21 delta to offset my Apr 370/380 BeCS. Strikes are below the early Nov low.
KRE synthetic/Fuzzy
BTO 2020, 64 call @ 8.049
STO 2020, 64 put @ 6.744
BTO 2020, 61 put @ 5.603
STO March 16, 68 calls @ .04
The stock is breaking out and made a new high today. Higher rates should help this one.
UVXY rotation
#VXXGame BTC $UVXY March 16th 15 call for 2.90, to avoid early assignment. Sold for 1.15 on Jan 16th.
#Rolling STO UVXY Sept 30 call for 3.55.
BTC UVXY March 16th 22 calls for .37. Sold for 3.20 and 4.40 in early Feb.
BTO UVXY APRIL 20th 59 calls for .14, as long hedges against short calls. I have 10 long 91 calls rolling off on next week’s expiration, so I need to replace them.
UVXY
#BearCallSpreads – Selling a few more….
Sold UVXY MAY 18 2018 25.0/35.0 Bear Call Spreads @ .96
UVXY call spreads
Selling some more hedged UVXY calls to continue to offset/work down basis on SVXY assignments.
Sold $UVXY Apr 13 (weekly) 20/30 BeCS @ 1.22.
#earnings #fallingknife KR No trade…
#earnings #fallingknife KR
No trade yet but Kroger is down about 4% to 26.31 with earnings tomorrow. This was a falling knife Iceman trade last summer after it tanked down to 20 after earnings in June, was over 30 in January.
SPX Campaign / Short Calls
#spxcampaign
$SPX STO 3/9 2750/2775 BECS at 2.00
$SPX STO 3/9 2650/2675 BUPS at2.70 Thank you @jeffcp66
#shortcalls
$CBOE STO 3/16 122 call at .85 (Covered)
ADSK Earnings
#Earnings – Big up move so still holding call side of the 100/130 strangles….probably rolling those into new strangles.
Bought to Close ADSK MAR 9 2018 110.0 Puts @ .01
VXX
#BearPutSpreads – Closing the the short side of 38/33 Bull Put Spreads. Originally sold for .62 as basis reduction on Jan 2019 50/30 Bear Put Spreads. Basis is now 11.53 with a goal of reducing it to zero by expiration.
Bought to Close VXX MAR 9 2018 38.0 Puts @ .01 letting 33 strike long side expire.
COST earnings
#Earnings Sold $COST March 9th 180/197.5 strangles for 1.50. Biggest UP move: 3.6%, Biggest DOWN move: -6.0%, Average move: 2.9%. My strikes are about +/-4.6% OTM.
SPXL Picked up some this…
SPXL Picked up some this morning at 45.32 for a pseudo PIE trade. I plant to cover if this hold up.
X strangle
Borrowed an idea from TastyTrade but tweaked the strikes a bit (their trade was 40/49 when the stock was lower).
Sold $X Apr 20 40/50 strangle @ 2.85. Stock at 47.12 so this has a bit of a bearish bias resistance just above the current level.
#spxcampaign SPY version #shortputspread Sold…
#spxcampaign SPY version #shortputspread #spycraft
Sold 2 March 16 265/267 put spreads for .40 each
XOM #FallingKnife Sold $XOM Sep…
XOM #FallingKnife
Sold $XOM Sep 21 65 puts @ 1.50
SPX puts sold
#SPXcampaign Selling puts on the morning weakness, as the Gary Cohn news is one of those things that panics investors for about an hour. However, I’m on guard… more news or data could bring us lower… or higher. As I said Monday, this feels like a chop market for the short-term.
Sold $SPX March 9th 2675/2650 put spreads for 3.55.
Sold $SPX March 16th 2650/2625 put spreads for 3.10.
Sold $SPX April 6th 2550/2525 put spreads for 1.95.
ADSK
BTC March 16, 90 put @ .05, sold @ 2.15
Options Bistro 