Whiz’s take on Facebook…
Daily Archives: Thursday, March 22, 2018
XOM
#SyntheticStock – Late fills…
Bought to Close XOM MAR 23 2018 75.5 Calls @ .03 (sold for .35)
Sold XOM MAR 29 2018 74.5 Calls @ .48
#shortstrangles Converting some #pietrades to…
Converting some #pietrades to strangles on the weakness. Went for a run, when I left looked like the market was firming, came back to chaos and panic. It was only an hour run!
Anyway STO ANDV 22 DTE 108 call at 0.5 for 95/108 strangle and put side cost basis 94.19
STO UTX 29 DTE 134 call at 0.48 for 125/134 strangle with put side cost basis at 124.03
STO NSC 22 DTE 143 call at 0.85 for 131/143 strangle with put side cost basis at 129.1
If they rebound will buy stock, otherwise it basically doubled theta rate and should be able to roll or close early for some profit.
#spxcampaign Probably a bad idea,…
Probably a bad idea, but I had a stink bid for SPX that got executed
STO SPX Apr19 2500/2490 1.10 CR
STO SPX Apr19 2475/2465 0.95CR
#SPXcampaign Well… I am out…
Well… I am out
BTC SPX Apr19 2570/2560 1.65. Originally sold for 0.80
BTC SPX Apr19 2550/2540 1.45. Originally sold for 0.80
BTC SPX Apr13 2600/2590 1.45. Originally sold for 0.70
This is a bit more selling more than expected.
#earnings #shortstraddle MU Follwed Mike…
#earnings #shortstraddle MU
Follwed Mike at TT April 20, 59.50 straddle for 8.07
VXX
#BearPutSpreads – One fill today on the short side of BuPS sales to finance BePS
Bought to Close VXX MAR 23 2018 38.0 Puts @ .01 (sold for .53 as part of 38/33 BuPS)
GM #pietrade Rolled the 39…
Did I miss anything?
Picked a good day to exchange, renew, and re-activate all my Comcast stuff down here. Boring day?? 🙂
X going inverted
Sold $X Apr 20 40 straddle on 3/13 for 4.70. With today’s big move down in steel, I’m rolling the calls down to 36 for 1.20 credit. Total credit now 5.90. If the stock finishes between the strikes (36 and 40) total profit will be 1.90. Now let’s see if it can cooperate.
#shortputspread AAPL sold April 20,…
#shortputspread AAPL
sold April 20, 160/165 for .88
SPX calls
#SPXcampaign I love getting short at the lows! Always a joy.
BTC $SPX March 26th 2700/2725 call spreads for 8.50. Sold for 4.30 this morning. I’ll figure how to roll toward the end of the day.
Adding some KOLD
In August
Sold $KOLD Aug 17 60 call @ 1.50. Starting small and will add (there’s also a 70 strike available in Aug) on a move up.
CAT Apr put spread
I may be a bit early but I wanted to sell some out of the money premium on this. April expiration (before earnings). IV is high (IVR 64). Short strike is 10 points below current price.
Sold $CAT Apr 20 140/130 bull put spread for 1.13-1.14.
AMGN Oct
It’s been profitable to sell puts on this when it gets to the bottom of the range (in this case near or below the 200 day moving average).
Sold $AMGN Oct 19 140 puts @ 2.45
Adding to Aug AYI
Already short 100 puts in Aug.
Adding at 2 strikes lower:
Sold $AYI Aug 17 90 put @ 1.45
#FallingKnife
/es
The 2665 voodoo line (elliot wave line) seems to have stop the fall today to the tick. Not taking any directional trades today but worth watching.
What do you think @fibwizard?
#pietrades New trades FAS 3/30…
New trades
FAS 3/30 expiration 65 CC cost basis 63.65
FAS 3/30 exp. 64 CC cost basis 62.70
LNG 4/6 exp 55 CC cost basis 53.79
Existing position or adjusted
FAS tomorrow 68 CC cost basis 67.20 Will let expire then open ATM on Monday. Still has 1.05 time value in it so being a little greedy sine the market makers are being greedy on the spreads today. Work any orders you are trying to get through.
UTX 29 DTE 125 put cost basis 124.51, watching this one closely and may convert to a #fuzzybear if it keeps going.
ANDV 22 DTE 95 put cost basis of 94.69
ERX 15 DTE 21/26 vertical debit at 25.41. If we drop below 26 will convert to #fuzzy
GM 15 DTE 39 CC cost basis 38.75. Problem child I will be rolling for weeks. Goal is to keep selling right at dropping cost basis just to let it clear out then moving on to another name. This one no longer trading well for #pietrades
NSC 22 DTE 131 put cost basis 129.95. This one will probably replace GM in the rotation.
I am starting to notice something with triple ETFs, they are easier to roll and manage than some individual names because the premiums are so high, especially on the call side. FAS can get about 3 ATM and because of the call skew selling ITM CC gives some downside protection. Don’t load the boat with them but getting 100% annualized returns just by selling weekly ITM CC #pietrade syle.
Hope everyone has a good week. My work has been so busy may only get to trade Thursdays for a while.
SPX trades 2
#SPXcampaign Sold to Open $SPX Apr 19th (monthlys) 2475/2450 put spreads for 1.80.
#ReverseRoll Sold March 26th 2700/2725 call spreads for 4.30, as a roll from Apr 20th puts stopped earlier. One of my very short term reverse rolls to make up premium quickly, or possibly explode in my face. Keeps things interesting.
VRTX closed
#Earnings #Assignment #IronButterfly #CoveredCalls
Sold $VRTX stock (100 shares) for 167.50.
Originally 160/167.5/175 iron butterflys (3) sold for 5.60 on Jan 31st. Closed most before expiration but forgot about one put, so assigned stock at 167.50. Sold today for the same price. With all premium selling and covered calls since then, total profit on the trade is $1,543.
I purchased UVXY, a little…
I purchased UVXY, a little later than planned, at $17.60 and $17.82 as price was running away. Glad I did it is now $18.14 still at top of upper Bollinger Band.
Downside signal
#VIXIndicator — we just crossed an intraday signal above 22.25 on the $VIX. A close above this level will mean a Downside Warning.
#shortputspread SBUX Sold April 20,…
#shortputspread SBUX
Sold April 20, 55/57.50 for .51, idea from Tatsytrade morning 3-mail, maybe become a #pietrade down the road.
#creditspread Sell to open UVXY…
#creditspread
Sell to open UVXY March 29 17/25 calls for 0.85 and 1.00 cr as prices bounce around. I plan to cover with purchase of underlying if prices moves near $17.50
SPX trades
#SPXcampaign I’ve a feeling we’re going lower.
Stopped: $SPX Apr 19th 2580/2555 put spreads for 3.25. Sold for 1.75 on Monday.
#ReverseRoll Sold March 28th 2735/2760 call spreads for 3.35
Stopped: SPX Apr 20th 2595/2570 put spreads for 3.85. Sold for 2.00 as a 1.5x roll on Mar 14th.
No roll yet.
Closed SPX Apr 13th 2870/2895 call spreads for .25. Sold for 1.80 on Mar 14th.
FB FUZZY
BTO 2020, 165 calls
STO 2020, 165 puts
BTO 2020, 160 puts for a total price of 31.24
STO April 20, 180 call @ 1.44
WYNN re-entered as STO Jan18’19…
WYNN re-entered as STO Jan18’19 put with a strike at 100. Got 1.92
Options Bistro 