#ShortPuts #IRA – Out all afternoon…just noticed this one.
Bought to Close XBI MAR 16 2018 83.00 PUT @ .05 (sold for 2.60)
Daily Archives: Thursday, March 8, 2018
FYI JP Morgan co-president warns…
FYI
JP Morgan co-president warns of ‘deep correction’ for stocks totaling as much as 40% over next few years.
https://ca.finance.yahoo.com/news/jp-morgan-co-president-warns-130800662.html
I guess we are going to have a bull market for a few years… 🙂
Took off CBOE
One more that I didn’t see come through near the end of the day.
Bought to close $CBOE Sep 21 70 puts @ .60. Sold for 1.80 on 2/9. Got lucky on a nice reversal in the stock right after I sold the puts. Took the trade off for 67%. No sense waiting more than 6 more months for the other 1/3.
#fallingknife #shortputs APA Sold July,…
#fallingknife #shortputs APA
Sold July, 30 put for 1.27 to go with a July 32.50 put that I was too greedy to close when it was profitable a couple months ago.
MCD
BTO May 18 MCD 155/155/150 3.60 #Fuzzy Un-Hedged at this time
Live now
Possible tariff signing
https://www.pbs.org/newshour/politics/watch-live-trump-expected-to-sign-tariffs-on-steel-aluminum?utm_source=Devices&utm_medium=Notification&utm_campaign=Push+Notification&utm_content=201838-watch-live:
#shortputs KR Sold April 20,…
#shortputs KR
Sold April 20, 22 put for .54, big down day after earnings, trying for Oct. fuzzy on the largest grocery store chain
#earnings #ironcondor OST Closed yesterday’s…
#earnings #ironcondor COST
Closed yesterday’s March 16 earnings IC for about .50, sold for about 1.50,(for 2) the way it is supposed to, and always should work. Thanks Jeff
Taking some more profits/reducing some risk
Bought to close:
$WHR Apr 20 120 puts @ .19. Sold for 1.50 on 10/24.
$WDAY Jun 15 70 put @ .20. Sold for 1.65 on 11/29
$WBA Jun 15 55 puts @ .35. Sold for 1.32 on 10/13.
$UHS Apr 20 80 puts @ .05. Sold for 1.40 and 1.90 on 10/13 and 11/10.
$TAP Apr 20 70 puts @ .20. Sold for 1.65 on 9/29.
$HSIC Apr 20 60 puts @ .49. Sold for 1.70, 1.95 and 2.35 from 11/10-11/20.
Edit:
Bought to close $CELG Apr 20 75 puts @ .25. Sold for 1.55 on 10/26.
WDC–Taking some profits
Bought to close:
$WDC Apr 20 60 put @ .04. Sold for 1.35 on 12/4.
$WDC Apr 20 65 put @ .07. Sold for 1.75 on 11/30.
$WDC Jul 20 55 puts @ .26. Sold for 1.30-1.60 from 11/30-12/4.
JPM
#SyntheticStock – Earlier BTO JPM Jan’19 +115calls/-115puts/+110puts for 6.70. Leaving unhedged for now.
WMT adding
Selling an additional contract at a higher premium to add to my Sep position.
Sold $WMT 9/21 75 put @ 1.60.
$FFIV Apr puts
Big move down today. Sold $FFIV Apr 20 130 puts @ 1.20 with the stock at 144.82. Delta is 14. Earnings not expected until after April expiration.
CI #FallingKnife Sold $CI Oct…
CI #FallingKnife
Sold $CI Oct 19 140 put @ 3.00
XOM
#SyntheticStock – Core is out in Jan 2020…
Bought to Close XOM MAR 9 2018 76.0 Calls @ .03 (sold for .54)
Sold XOM MAR 16 2018 75.5 Calls @ .36
ADSK
#SyntheticStock – As usual I pick a stock that goes to the moon but is hedged with a short weekly. 😦 😦
Trading this similar to the strategy I’ve used with my AMZN position…rolling everything up including the core to set up easier rolling of the front month calls in the future. In this case, I’m rolling the core up to the breakout level which might provide some support on a pullback.
Rolled Jan 2019 115/115/110 synthetic up to 120/120/115 @ 3.50 credit
Rolled MAR 9 2018 115.0 Calls to APR 20 2018 120.0 Calls @ 3.30 debit
Basically moving everything up 5 points for a .20 credit. Hopefully a little pullback of some sort in the next month to allow a decent roll of the weekly next time.
SPX Campaign Closed Early / Short Puts FB / Short Calls DVN
#spxcampaign
Closed Early
BTC 3/16 2375/2400 BUPS at .05 STO at 1.40. Thank you @jeffcp66
#shortputs
$FB STO 4/20 170/175 BUPS at 1.10
#shortcalls
$DVN STO 3/9 31.50 calls at .55 (Covered)
VXX
#BearPutSpreads – Selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit.
Sold VXX MAR 23 2018 38.0/33.0 Bull Put Spreads @ .53
TLT
#SyntheticShort – The weekly hedge against a small synthetic short I’ve been playing with…
Bought to Close TLT MAR 9 2018 117.0 Puts @ .02 (sold for .38)
Sold TLT MAR 23 2018 117.5 Puts @ .49
#pietrades First positive week since…
First positive week since the SVXY melt down Feb 5-6, 2018, so that is a good thing. I think the bleeding finally stopped, only 1 more contract I can be assigned on at any time.
If I can keep making the same amount each week (unlikely) only 33.3 weeks to get back to all time highs but about half that to get to even (cost basis). What I lost was mostly house money but it was enough to buy a real house 😦 ouch!!
LNG rolled this week 54 CC to 2 week 55 for 0.45 credit. Cost basis now 54.2 after being assigned the 55.5 put last week. Next roll down should result in a profit anywhere around 54.
Unless a major move tomorrow I expect to be called out on (hopefully there are no stupid tweets!)
FAS 66, 67, 68 CC
MAR at 138
NSC at 140
GM 42.5 put. Taking stock, can’t roll it anymore for a credit so will take it and sell CC. Missed the dividend, I think it is today.
Have finally finished taxes and full year review. Based on what won and what lost going forward my trading plan is contracting dramatically to only 4-5 trading tactics.
1. #pietrades
2. #spycraft and credit spreads with the new adjustment technique
3. #fuzzy and maybe try a few #atomicfuzzy
4. put ladders with fuzzy adjustments if they go the wrong way
5. VXX put debit spreads after volatility spikes
Everything else worked until it didn’t and either was flat but required lots of trades or worked really well until it blew up. Goal is to recover what I lost, then keep weekly income coming in, and most importantly do not lose any money again!
Hope everyone has a good close to the week, too busy tomorrow to check in.
#longput Sell VXX March 16…
Sell VXX March 16 $45 for $3.85, bought for $2.02 week ago.
UPS
#Fuzzy – Decided to close this short dated Fuzzy down with some green. Not much time left to do damage control with the threat of what could happen with tariff talk, the jobs number, and an upcoming Fed meeting. STC UPS Mar29’18 108/108/106 fuzzy and BTC UPS Mar09’18 109 calls. Figure in the commissions and the trade made 0.82 per contract. Light green is better than red! Thanks to @mortlightman for the idea!
KR July puts
On the big move down after earnings, sold $KR Jul 20 20 puts @ .65 with the stock at 23.50
Options Bistro 