Closed Early AAPL

$AAPL BTC 4/20 195/185 BECS at .80 STO at 1.60 Had a GTC stop in at 50% profit.

Added UVXY put spread

Added UVXY put spread
I’ll use this one to reduce basis on SVXY assignments
Bought to open $UVXY Jun 15 16/10 BePS @ 3.20. Position profits 2.80 if UVXY retreats back to where it was (10 at the end of January) by June options expiration.

#ironcondor SPY Sold May 18,…

#ironcondor SPY

Sold May 18, 244/250/283/289 for 1.32

#shortcallspreads TSLA Sold April 20,…

#shortcallspreads TSLA

Sold April 20, 325/330 call spread for 1.78

UVXY calls sold

#VXXGame These are hedged with higher-striked long calls

Sold $UVXY May 18th 20 calls for 2.50
Sold $UVXY June 30 call for 1.75
Sold $UVXY Sept 30 call for 3.30


#SyntheticStock – I normally have to go out a month to roll my short term hedge up 10 bucks (unless volatility is really high) then I can go up 20 sometimes. Today I’m using the volatility pop along with the big pullback to go out just one week and still get most of the 10 point upside. This is more than likely a roll into earnings week also which helps.

Rolled AMZN APR 20 2018 1340.0 Call to APR 27 2018 1350.0 Call @ .75 debit.

Interesting year…might not make much but will learn a lot…

#SyntheticStock – It’s these kind of days that make me glad I hedged a little with weeklies. It’s also tough trusting the process of the weekly sales to cover max loss. Looks like we’re gonna learn how it actually plays out over the long run to end of year. As some of these drop the danger of a whipsaw with the weekly hedge grows. I’m planning on selling very carefully and possibly using spreads when selling much below the core and not getting too greedy…mainly just selling near the min required to cover max loss. I’ll probably run through all my positions this week and update what’s needed each week.

Also, I’m trying not to get caught up in P/L YTD….SVXY already blew that. I’m more concerned about actual realized gains represented by positions that are closed…(helps psychologically for sure) 🙂 🙂

UVXY call spreads

On a day like today many of us would normally be throwing out offers on high strike calls on UVXY. I’m going to likely stop (or severely curtail) the naked call selling on this in favor of call spreads that would necessarily have to be quite a bit closer to the money. Just sold this one:
$UVXY Apr 13 18/28 BeCS @ 1.21


SPX puts rolled

#SPXcampaign Stopped: $SPX Apr 13th 2600/2575 put spreads for 3.05. Sold for 1.60 on Mar 14th.
#CondorRoll Sold March 23rd 2560/2585/2775/2800 iron condors for 2.1166, with 1.5x position size. Expires this Friday (hopefully).

TICK high of the day

Did we reach a low?