Closed Early
$SPX BTC 3/29 2600/2625 BUPS at 6.00. STO at 1.60 Left a few open. See what tomorrow brings.
$FB BTC 4/20 155/165 BUPS at 4.50 STO at 1.80 Should have kept some.
#longcalls
$MSFT BTO 4/20 95/97.50 BUCS at 1.05
#shortcalls
$LABU STO 3/29 90 calls at 2.20 (Covered)
$FB STO 4/20 170/162.50 BECS at 2.00
#spxcampaign
$SPX STO 4/27 2795/2770 BECS at 2.20 Thank you @jeffcp66
$SPX STO 4/27 2400/2425 BUPS at 1.90 Thank you @jeffcp66
#SPXcampaign
Stopped: $SPX Apr 6th 2700/2725 call spreads for 6.00. Sold for 3.10 on Friday.
#CondorRoll: Sold Apr 13th 2525/2550/2745/2770 condors for 6.30.
#SyntheticStock #LongCalls – With my margin hog AMZN position out of the way now it’s time to start looking for new opportunities. I’d like to stay involved in the banks so this seems like a good way to do it. Wasn’t having much luck out in 2020 with the market makers for a 2 strike wide synthetic. Instead, just going to Jan 2019 and buying the straight calls. (only 5 wide strikes in 2019 anyway). As @hcgdavis pointed out, the weekly premium is really nice in this ticker.
Bought to Open FAS JAN 18 2019 65.0 Calls @ 10.50
Max loss of 10.50 with 42 weeks to run so need 25 cents per week to cover.
So: (premiums are so good that this is a freebie. 42 weeks to go is AFTER this week…crazy!)
Sold FAS MAR 29 2018 65.5 Calls @ .85
#SyntheticStock – With my margin hog AMZN position out of the way now it’s time to start looking for new opportunities. Whiz pointed this one out the other day. AMZN is a big chunk of it so a cheaper way to stay involved. Pretty nice weekly premium as well.
Bought to Open XLY JAN 18 2019 102/102/100 Synthetic @ 6.50
Max loss of 8.50 with 42 weeks to run so need 20 cents per week to cover.
So:
Sold XLY APR 6 2018 103.5 Calls @ .73
FAS CC 68 CC expired worthless on Fri. STO the 67 CC with 11 DTE for 0.95. Brings cost basis down to 66.25.
Hope to start taking some profits on the strangles later this week on ANDV, NSC, UTX (whipsaw on this one, I rolled the call down Friday and now rebounding.
Taking a shot with IV at its 52 week high (IVR=100). Sold $TSLA Apr 20 265/255 BuPS for 1.40. Short strike is at 20 delta.
#Earnings – For anyone trading along in this, the earnings date is now confirmed for Apr 20th. I’ll be trying to keep all the weekly sales prior to that and then decide whether to sell, close, or sit out the announcement.
First one in my current positions list to confirm a date…
#ShortStrangles – Fun little single contract position I’ve been playing with….rolling every week to inverted or straddle or strangle or whatever is needed.
Currently sitting at this week’s 332.50/305.00 Inverted @ 17.40 total premium
Weekly premium is through the roof so taking a more traditional approach. Rolling the put side out and down to what I hope is just prior to earnings. Letting this week’s short call side hopefully expire and then continuing the weekly call sales against the short put.
Rolled TSLA MAR 29 2018 322.5 Put to APR 27 2018 312.5 Put @ .40 debit
#SyntheticStock – This week’s 95.5s look safe so adding next week’s sale into the pop.
Sold DG APR 6 2018 93.0 Calls @ .95
#syntheticStock – Selling up into resistance again…
Bought to Close SLB MAR 29 2018 68.0 Calls @ .03 (sold for .27)
Sold SLB APR 6 2018 65.0 Calls @ .90
#SPXcampaign Sold $SPX Apr 27th 2770/2795 call spreads for 1.60. Playing things at the standard distance OTM (.10-.15 delta) while the market is wily.
#SPXcampaign Based on the way this market has been acting, lows that create a bounce this big result in a multi-day rally. While I’m not saying the coast is clear for new all-time highs, we should remain buoyant to bullish at least for a few days. So I’m selling puts rather than calls on an up day (however, the weakness since the initial pop is making this less certain). If we reach back toward 2700 I’ll be playing it more neutrally until the Downside Warning gets canceled, which is not until VIX closed below 12.61.
Sold to Open Apr 27th 2425/2400 put spreads for 1.75. Already up above 2.00 since we’ve sold off from the highs. If you wish to follow, I suggest going with the 2400/2375.
#SyntheticStock #LongCalls #BearPutSpreads #BullPutSpreads – Selling what I didn’t get a chance to on Friday. Glad I waited on these. Going out another week to take advantage of the entire 3 day weekend…
Sold CRUS APR 6 2018 43.5 Calls @ .50
Sold REGN APR 6 2018 340.0 Calls @ 2.11
Sold VXX APR 6 2018 40.5/37.5 Bull Put Spreads @ .47
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