geewhiz112 4:06 pm on Tuesday, March 13, 2018
Tags: LongCalls ( 495 ), ShortPuts ( 4,763 ), SPXcampaign ( 2,265 )

Closed Early SPX BIDU WYNN / Short Puts MZOR MU SCHN SPX

Closed Early
#spxcampaign
$SPX BTC 3/23 2800/2775 BECS at 9.50 STO at 2.80
$SPX STC 3/14 2810/2830 BUCS at 3.50 BTO at 2.20 Thank you @jeffcp66
$SPX STC 3/16 2840/2860 BUCS at 1.80 BTO at 1.70 Thank you @jeffcp66

#shortputs
$BIDU BTC 3/16 270/260 BECS at 4.00 (GTC Stop) STO at 1.92

#longcalls
$WYNN STC 3/16 165 calls at 25.20 BTO for 9.80 on 1/30 All gone now.
++++++++++++++++++++++++++++++++++++++++++++++++++++
Trades
#shortputs
$MZOR STO 4/20 70 puts at 2.80
$MU STO 3/16 57.5 puts at .80 Thank you @honkhonk81 Good luck to all
$SCHN STO 4/20 36 puts at 1.45
#spxcampaign
$SPX STO 4/20 2650/2750 BUPS at 19.00 Thank you @fibwizard

Jeff 1:38 pm on Tuesday, March 13, 2018
Tags: VIXIndicator ( 294 )

Danger?

#VIXIndicator I don’t know about you, but after what we’ve been through since January, these two little up days on the VIX look like child’s play. I’m sure questioning this “Upside Warning,” but not sensing a lot of fear, despite two weak days.

Jeff 12:41 pm on Tuesday, March 13, 2018
Tags: SPXcampaign ( 2,265 )

SPX puts stopped

#SPXcampaign Closed $SPX March 14th 2775/2750 put spreads for 10.40. Couldn’t risk a further gap down overnight.

Ramie 12:35 pm on Tuesday, March 13, 2018

X straddle

Borrowing an idea from one of the TastyTrade traders.
Sold $X Apr 20 40 straddle @ 4.70 with the stock at 40.21. Breakevens 35.30/44.70.
Will take off for 25% profit (3.50 or less).

Jeff 10:59 am on Tuesday, March 13, 2018
Tags: Earnings ( 3,108 ), ShortStrangles ( 716 )

OLED roll

#Earnings #ShortStrangles Rolling these to avoid early assignment:
Closed $OLED March 16th 135/140 strangles for 9.00 (closed only puts, will let calls expire). Sold for 12.85 on Feb 23rd.
Sold to Open OLED April 20th 130/140 strangles for 11.80. I got 5 points wider with a 2.80 credit.

Original trade: sold 130 puts for 2.18. Closed for 10.40.
Total credit in trade: 7.43

MikeL 10:42 am on Tuesday, March 13, 2018
Tags: FallingKnife ( 963 ), ShortPuts ( 4,763 )

#shortputs X dropped today. Possible…

#shortputs #fallingknife

X dropped today. Possible trade?

United States Steel (X) dropped nearly 6% after Vertical Research downgraded the shares to sell from hold and lowered its price target to $23 from $41.

mortlightman 10:00 am on Tuesday, March 13, 2018
Tags: Fuzzy ( 414 )

BBBY

BTO BBBY May 18 22.5/22.5/20 .98 2x #Fuzzy No Hedge at this time

Ramie 9:22 am on Tuesday, March 13, 2018

Closing DRIP

Took all my short calls off in this ticker at most of the profit. Completely out of it now and will look to re-enter on the next big swoon in oil.
Bought to close:
$DRIP Apr 20 24 call @ .15. Sold for 1.70 on 2/9.
$DRIP Apr 20 25 call @ .15. Sold for 1.90 on 2/9.
$DRIP Jun 15 28 calls @ .40. Sold for 1.56 on 2/8 and 2.50 on 2/9.

hcgdavis 9:08 am on Tuesday, March 13, 2018
Tags: pietrade ( 143 ), pietrades ( 240 )

#pietrade STO the 16 DTE…

#pietrade

STO the 16 DTE ANDV 96 put at 0.95.

This was my best performer when it was TSO, was reborn as ANDV but was having trouble finding a range after the merger. Looks like it has stabilized and the options are trading with decent volume again.

I am tweaking the #pietrades a little. Account is big enough now to move up to 5 contracts on 3 tickers at a time. Was doing 3 contracts on 4 names but I think reducing the # of tickers will actually improve returns.

fibwizard 9:00 am on Tuesday, March 13, 2018
Tags: SPX ( 105 )

SPX

#spx

STO Apr 2018 2650/2750 BUPS for 15.10

mortlightman 8:57 am on Tuesday, March 13, 2018
Tags: Fuzzy ( 414 ), Hedge ( 75 )

QQQ

BTO Mar 29 173/173/171 1.74 #fuzzy
STO Mar 16 177.5 Call .17 #Hedge

BTO 2nd one 1.30 Just #Fuzzy at this time

Ramie 8:49 am on Tuesday, March 13, 2018

Rehashing SVXY/XIV

We’ve been through this quite a bit and it seems like all the facts are known about what happened. I saw this article, however, by the venerable Lawrence McMillan. His knowledge and experience give the whole thing a lot more context and color.

https://seekingalpha.com/article/4155721-xiv-scapegoat-markets-decline

thomberg1201 8:45 am on Tuesday, March 13, 2018
Tags: ShortStrangles ( 716 )

#shortstrangles MU From Tastytrade April…

#shortstrangles MU

From Tastytrade April 20, 50/75 strangle for 1.98, MU is at 60.

mortlightman 7:53 am on Tuesday, March 13, 2018
Tags: Fuzzy ( 414 ), Hedge ( 75 ), pietrades ( 240 )

EXPE

BTO EXPE Apr 13 114/114/111 4.45 #Fuzzy
STO Mar 23 120 .27 #hedge

#pietrades

thomberg1201 7:44 am on Tuesday, March 13, 2018
Tags: LongPutSpread ( 15 )

#longputspread AAPL AAPL has gone…

#longputspread AAPL
AAPL has gone from 157 on Feb. 9 to 182 so far today. Taking a chance with a March 23, 185/180 long put spread.

ncroadrunr 7:35 am on Tuesday, March 13, 2018
Tags: ShortCalls ( 979 )

#shortcalls Sold NUGT Mar 23…

#shortcalls

Sold NUGT Mar 23 $25 call for 0.55, stock at $23.90, keep reducing basis of stock originally $38.00 nearly top ticked it. Current basis $32.10 and working it.