Closed Early / Long Calls / Short Calls / SPX Campaign

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.

$MSFT BTO 4/20 95/97.50 BUCS at 1.05
$LABU STO 3/29 90 calls at 2.20 (Covered)
$FB STO 4/20 170/162.50 BECS at 2.00
$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

SPX roll

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.


Sold XLY APR 6 2018 103.5 Calls @ .73

#pietrade FAS CC 68 CC…


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.

TSLA put spread

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…