Happy PIE day, 3.14 to…

Happy PIE day, 3.14 to all you fellow math/science geeks out there!

Closed Early BABA Puts

Closed Early
$BABA BTC 3/16 180/185 BUPS at .10 STO at 1.60

SPX trades

#SPXcampaign I’m taking off the Upside Warning for now as the current condition is hard to pin down. We could still be in the larger correction and preparing to test the lows. It seems the tariff issue could be a huge a catalyst now, what with Boeing leading the Dow down today. I think any announced relaxation or elimination of the plan could drive us higher. But if not, sideways to down seems the trend.

Sold to Open $SPX Apr 13th 2600/2575 put spreads for 1.60.
Sold to Open Apr 13th 2870/2895 call spreads for 1.80.
Stopped April 13th 2650/2625 put spreads for 2.85.
#Rolling Sold $SPX April 20th 2595/2570 put spreads for 2.00, 1.5x position size.

Fuzzy trades

I closed the following today:

WYNN, 185 165,165,160 @33.55, bought @ 32.71

BABA, 190,190,185 @38.50, bought @ 34.95

STO CME April 20, 175 calls @ 1.05, against my 160,160,155 fuzzy

Closing STMP post-earnings trade

Bought to close $STMP Apr 20 230/240 BeCS @ .80. Sold for 1.72 on 2/22.

Taking off some more long term UVXY risk

Not much left here so closing them out. Pre-split strikes (from 1:4 split on 7/17/17).
Bought to close:
$UVXY1 Jan 18 2019 60 calls @ .10. Sold for 6.15, 7.30, 3.20, 3.60 and 3.15 from March-August 2017.
$UVXY1 Jan 18 2019 55 calls @ .12. Sold for 3.50 on 5/17/17.

#pietrade STO NSC 30 DTE…


STO NSC 30 DTE 131 put at 1.05. 10 points OTM currently. 5 contracts.

My several rolling tickers in the core accounts are now NSC, UTX, ERX, GM, FAS, ANDV although I may replace GM, it has not been trading as well as it used to.

I have been selling #pietrades into strength, meaning selling the puts on the days the ticker is down a fair amount.

Should have a few more tomorrow, maybe or I might go skiing, season winding down in mid atlantic but still some patches of snow to make a few turns.


#SyntheticStock – BTC JPM Mar16’18 119 calls for 0.04, sold for 0.27.  Gonna wait a bit to sell calls for next week.

SPX indecision

#SPXcampaign With a third day of weakness I have no choice but to switch from bullish to neutral/bearish positioning. The VIX action had been pretty anemic until the significant pop in the last 10 minutes.

Closed $SPX March 16th 2765/2740 put spreads for 8.75. Sold Monday for 4.00.
#CondorRoll: Sold March 21st 2700/2725/2790/2815 condors for 8.00.

Sold April 13th 2600/2575 put spreads for 1.60.


#SyntheticStock #Tastyworks – Rolled short calls out and up…

Rolled VRX 03/16/18 16.00 Calls to 4/20/18 17.00 Calls @ .15 debit

Originally sold these for .21 so still sitting on a slight credit. Looking to close the whole thing if overall delta reaches zero…

PS…I like Think or Swim better so far…

#coveredcalls #fallingknife SIG Tradewise new…

#coveredcalls #fallingknife SIG
Tradewise new “covered call advisory” is buying 100 shares of SIG, 39.35 now and selling the April 35 call for about .50. SIG is down 17%, over $8 so far today after earnings. It was up around 76 before the previous big earnings drop. I don’t understand this one.


DG earnings

#Earnings Sold to Open $DG March 16th 84/94 #ShortStrangles for 1.60. Biggest UP move: 10.7%, Biggest DOWN move: -17.6%, Average move: 5.6%. My strikes are +/-5.6% OTM.

Here are the last 12 earnings; you can see other than one big up move and one big down, it’s not a big mover.

Dec. 7, 2017 BO 2.77%
Aug. 31, 2017 BO -5.43%
June 1, 2017 BO 6.54%
March 16, 2017 BO 0.53%
Dec. 1, 2016 BO -4.96%
Aug. 25, 2016 BO -17.62%
May 26, 2016 BO 4.61%
March 10, 2016 BO 10.66%
Dec. 3, 2015 BO 4.23%
Aug. 27, 2015 BO -3.18%
June 2, 2015 BO 2.98%
March 12, 2015 BO 3.96%