Jeff, are you still holding $SPX Mar 21st 2710/2735 call spreads? I opened the 2715/2740 and just wondering what your plan was for rolling.
$AMZN STO 4/20 1360/1390 BUPS at 1.36
I’m focusing on 3-way trades now…theta positive trades with wide profit ranges that will make money with an underlying move in any direction. Lately my fav trade is to combine a put ratio spread (the pit-traders’ fav) with a Bear Call Spread for a Put-Ratio-Jade-Lizard. Here’s the trade I did today on FB:
Apr 6, bought 160 p x 2, sold 157.5 put x 4 for 2.35 net credit, 170/172.5 Call Credit Spread for .70 cr x 2, total credit is 3.05, since it’s greater than the CCS-width there is no upside risk. Break even is 152.60, with max risk being assignment of 200 shares of long stock at that level. So, that allows for a substantial continued downside move, or not. I did the trade awhile ago, it’s already up about 25%.
p.s. anyone else having trouble w/ email updates on posts? nevermind, my browser notifications were disabled somehow.
p.p.s Nice background Jeff!
#SyntheticStock – Partial fill on a 2 lot…LMAO!
Bought to Close OLED MAR 23 2018 133.0 Call @ .05 (sold for 1.50)
FB may not end the day down 5%, but this is interesting
It does not happen often, but it's happening to Facebook right now. S&P 500 stocks with a market cap of $50+ billion dropping 5% or more on back-to-back days. Here's every instance, and what happened on the third day. Via @OddStats. $FB $GOOGL $NFLX $GE https://t.co/b1MeoGLGt1 pic.twitter.com/oCiRZDe2ti
— StockTwits (@StockTwits) March 20, 2018
Tradewise rec for FB April 20, 155/157.50 for .75
STO June, 75 puts @.85
STO September, 70 puts @1.85