#SPXcampaign #OptionsExpiration
$SPX March 12th 2760/2735 put spreads expired. Sold for 4.85 on Friday.
Monthly Archives: March 2018
#pietrades #sellingpremium A guy I…
#pietrades #sellingpremium A guy I like to read, George Acs
Happiness With A Losing Trade
https://seekingalpha.com/article/4155510-happiness-losing-trade?app=1&uprof=45&isDirectRoadblock=false
AAPL covered call
#CoveredCalls #CoveredCallCampaign
Sold to Open $AAPL April 13th 190 call for 1.30.
BIIB
#ShortPuts #SyntheticStock – Looking to back into a #SyntheticStock position. Since it’s in an #IRA also bought some junky puts for margin. All done in the week before earnings…
Sold 1 BIIB APR 20 2018 260.0 Put @ 2.80
Sold 1 BIIB APR 20 2018 255.0 Put @ 2.10
Sold 1 BIIB APR 20 2018 250.0 Put @ 1.60
Bought 3 BIIB APR 20 2018 220.0 Puts @ .40
Net premium received of 5.30 (1.76 average)
#shortputs JCI sold April 20,…
#shortputs JCI
sold April 20, 37 put for .59. JCI is a Tradewise covered call rec. This gives me a 37/39 strangle, the 39 call being covered. JCI does not have weeklies.
Long VXX spreads
Continuing with this strategy and applying profits to accumulated SVXY positions. Should start to be able to peel some of these off soon.
Sold to close $VXX Mar 16 48/46 BePS for 1.88. Bought for 1.24 on 3/1.
Bought to open $VXX Mar 29 41/36 BePS for 2.56.
An actual Options Bistro
When in Edinburgh, Scotland, be sure to dine at Options Bistro!
(no affiliation with Options Bistro)
SPX Campaign
#spxcampaign
$SPX STO 3/14 2750/2775 BUPS at 6.00 Thank you @jeffcp66
#optionladder STO UTX 25 DTE…
STO UTX 25 DTE 126 put at 1.13. Good support at 129 and 125.
KOLD closed
#ContangoETFs BTC $KOLD April 20th 55 call for .10. Sold for 1.40 on Feb 9th.
#shortcallspreads TSLA The Tradewise “volatility…
#shortcallspreads TSLA
The Tradewise “volatility advisory” has recommended a 360/362.50 April 13 call spread. I moved it up to 365/367.50 for .75 each, just less than their .84.
SPX reverse roll
#SPXcampaign Made these trades before the dip, so not ideal timing, but my $SPX position is now 100% bullish. I would be more comfortable with a lower VIX, so I’m still cautious.
Stopped: closed $SPX Apr 6th 2870/2895 call spreads for 3.50. Sold Friday for 1.75.
#ReverseRoll Sold March 16th 2765/2740 put spreads for 4.00
Getting out of SIG
I’ve been waiting for an opportunity to clear my existing (small) positions in this stock. With the latest news that they’re being replaced in the S&P 500, and with earnings coming up this week I decided to take the opportunity to get out for close to even (small profit). Selling puts was very profitable over the last year and a half, but that’s it for me with this name.
Bought to close:
$SIG Apr 20 40 put @ 1.30. Sold for 2.30 on 11/24.
$SIG Jul 20 35 put @ 1.55. Sold for 1.35 on 1/10.
Closing HES a couple of months early
Bought to close $HES May 18 35 puts @ .20. Sold for 1.10 on 12/14.
#fuzzy MSFT Sold a March…
#fuzzy MSFT
Sold a March 16, 98 call for .32, stock is at 96.81
#fuzzy UNP January 26, followed…
#fuzzy UNP
January 26, followed some others into a 135/135?130 March 16 fuzzy. I sold a Feb. 2, 135 call, rolled to Feb. 16, 136 call, after it expired sold a Feb. 23, 136 call and let it expire. UNP has swung about 15 points in the last month along with the market, making it a rough fuzzy. I closed it today making 231. In this case,the hedges provided 181 of the 231. I consider myself fortunate to be out with a gain.
Short Puts NKTR / Close Early SVXY Calls
#shortputs
$NKTR STO 4/20 90/100 BUPS at 3.00 The are being added to S&P 500 on March 19th
#vxxgame
Closed Early
$SVXY BTC 6/15 160 call at .05 STO at 8.70
CBOE Fuzzy
STC 2020 Fuzzy long position @ 17.80, sold at 12.50,
Mini experiment, if it works…
Mini experiment, if it works will call it #syntheticcoveredcall although that hashtag already exists I think it is appropriate. @jeffcp66 if you want to change the name let me know.
Ok, here is the set up. You have to have a slight directional bias or at least think it is going to be flat or only down/up a little. But you can get about 10% protection.
Buy a deep ITM call or put and sell a slightly ITM call or put as a vertical. I used to do these and they generally worked, but had one go out worthless once and just stopped doing them. Now that I know how to roll options much better this may work out better than CC. Also I think bigtrends and hughes used to do a lot of these.
So I was just filled on 25 DTE ERX 21/26 call spread for 4.42. It went through quickly, could probably get a better price. 10 contracts max risk 4450 or so and max profit 580. 13% return in 25 days compared to the CC which would only be 3.5% and much less out of pocket expense.
What could go wrong, deep correction. Break even at 25.54. If we start dropping below that I can either buy some puts or roll the entire spread down, probably at even or slight debit.
Either way, only one way to find out for real, so will update as it moves around.
DECK
#ShortStrangles – Caught a downgrade and sold off a little. Selling strangles at the 200 ma and above all time highs and only 39 days out. I’d go synthetic at 75. These are also well before next earnings…
Sold DECK APR 20 2018 75.0/105.0 Strangles @ 1.30
Morning all. #spxcampaign I closed…
Morning all. #spxcampaign I closed my not so wise Mar 16th 2810/2815 BuCS trade from Friday for 1.30. Missed the high. I reduced the overall position loss down to less than a 2X initial premium on the IC. Probably could have done a lot better. I will take a deeper look at the values and determine if it would have been better to do something else. I probably will not do any more spreads on the SPX as I will be away installing the set project and cannot manage big movements very well. Have a great day.
UPS
Closed this Fuzzy small loss. -12.25 Hedge got in way and all my rolling ended up costing too much. Lessons learned I hope.
Roll SQ / SPX Campaign / Close Early WYNN
#longcalls
Rolled $SQ Calls
$SQ BTC 3/16 48 calls up and out to 4/6 53.50 for 3.10 debit
#spxcampaign
$SPX STO 4/13 2625/2650 BUPS at 1.70 Thank you @jeffcp66
Closed Early
$WYNN BTC 3/16 170/180 BUPS at .60 STO for 4.30 No more piggy me (I hope)
XLV
closed #Fuzzy small profit Bought 2-16 3.25 closed for 33.25 profit
/ZC….Corn?
#Futures – And you guys were teasing me when I posted this! I didn’t trade it since I really was just bored…LOL
🙂 🙂 🙂
BABA
#SyntheticStock – It’s either at resistance or getting ready to break higher. Either way, my long deltas are gone and it’s been a good run. Very little weekly premium and mostly a delta gain. Only a couple contracts but still booking here and looking for a re-entry point eventually. Out of BABA, BIDU, and CTRP. China was very good to me!
Sold to Close BABA JAN 17 2020 175.0/175.0/170.0 Synthetic Stock
Bought to Close BABA MAR 16 2018 190.0 Calls
Net gain of 12.20 per contract…
KR
BTO KR Jul 20 24/24/22 1.14 #Fuzzy
Un-Hedged at this time
Upside Warning confirmed
#VIXIndicator After reviewing the data over the weekend, I’ve made an official tweak to the Indicator, which means that the downside warning would have been canceled last Wednesday, and the Upside Warning is now in effect from Friday’s close. This morning’s bullish action was the final element I needed to confirm this change.
SPX puts sold
#SPXcampaign Sold $SPX Apr 13th 2650/2625 put spreads for 1.60.
COST
Good morning. BTC April 20, 140 puts @ .10, sold @ 3.05, closing 6 weeks early.
Econ Calendar for week of 3/12/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated
Notable Earnings AM Mon:
VRAY
Notable Earnings PM Mon:
COUP, CVGI, KRO, NCMI, REN, SFIX, TRHC
Notable Earnings AM Tues:
ARLZ, ATRS, DKS, DSW, EPZM, GDS, GNRT, HDS
Notable Earnings PM Tues:
ATHX, AXAS, BLCM, CAL, CLNE, EVRI, HTHT, MDB, PETX, SENS, SIEN, WOW
Notable Earnings AM Wed:
ARNA, EXPR, SIG, TSG, VRA
Notable Earnings PM Wed:
COGT, CTRP, DDD, EVC, INO, KLDX, NVAX, SFS, SMTC, TLRD, WSM, YRD
Notable Earnings AM Thurs:
AGEN, BITA, BTG, DG, GCO, JILL, KPTI, SND
Notable Earnings PM Thurs:
ADBE, AMRS, AUPH, AVGO, BDSI, CARA, CBAY, FSM, INFI, JBL, KEYW, OSTK, TRQ, ULTA, VIVE, ZUMZ
Notable Earnings AM Fri:
BKE, DSKE, HIBB, TIF
Notable Earnings PM Fri:
ATEN, GERN
#pietrades, #optionladder, and #spycraft Spent…
#pietrades, #optionladder, and #spycraft
Spent last hour looking for trades this week after finishing taxes :). Not much in the way of #pietrades for the week, everything is extended and the decrease in vol sucked out some of the juicy premiums.
The best I can find is the BIB 62-63 CC depending on how aggressive you want to be. Other option is the put side but have to stay close to the money to get any good premium.
Also looking and ANDV (the old TSO) around the 100-103 level either CC or puts, your choice they are at parity.
GM assigned over the weekend, will sell 39 CC a few weeks out. Cost basis 39.3.
LNG already set up for Friday at the 55 CC.
With that in mind, may go out 26 DTE today 25 tomorrow and set up some ladders to give some more downside protection. Bunch of tickers there, AMGN, ANDV, CVX, MAR, MON, NKE, NSC, UNP, PSX, UAL, VLO, XBI. The 20 delta puts all have good premiums on these and don’t mind taking some shares if assigned.
#spycraft on hold. Looking back the last several weeks, the expected move on SPX/ES/SPY has been exceeded 3 out of the last 5 weeks both to the up and down side. That means the options are not priced correctly, we are not making enough for the risk. Once the pricing is back in line, or the vol. is higher to reflect the movement of SPY will restart. Also going forward will manage by buying in between the strikes if it looks like the short strike will be breached. See previous discussions for the specifics.
Hope everyone had a good weekend!
Will decide what to do with some of these trades at lunch time tomorrow.
Mar 11 #Fuzzy Land +…
Mar 11 #Fuzzy Land + how to make $700 the easy way
Hi Bistro Buds! Last week was a bit of a roller coaster huh? On Thur, before NFP, some technical health indicators I use looked a bit weak. So I took profits on all the index #AtomicFuzzy hedges and closed 1/2 of the core positions. Little did I know what a smart move that was. Remember the Atomics have a double size hedge, so the double hedge covered all the losses on the 1/2 core, then set up the remainder cores for the big move up on Friday. I got lucky, but I try to only get lucky once, then it goes in the tool box for future intentional moves. I realized what an important trade the Atomics are for high volatility, however because they are more expensive, the profit targets need to be tighter. The double hedge in the Atomics accommodates higher volatility, but when profits appear, they need to be taken quickly since profits will appear in declining volatility–which affects the protective legs of Fuzzies.
Friday I took off almost all of the Atomics, and replaced them with regular unhedged #Fuzzies that are free to fly in a “risk on” environment. The price of April Fuzz’s has come down by over 30%. Indexes are my focus. I also took the opp, in a still-elevated vol environment, to put on some of my favorite 20DTE 25/23 delta SPX bitties.
We received our very first 1-Standard Deviation up move on Friday since the big down moves aged off. I think everything is looking rosy. I’ll be watching carefully for follow through early this week on market activity. The closed Fuzzies for the quarter has a 5-figure 35 handle now.
Oh I almost forgot….”How to Make $700 Easy”…. On Monday after hours when the market tanked on the Cohn announcement, I bought TEN TEENSY shares of AMZN. I thought it was ridiculous….how could 10 tiny shares help me in any way? Well…you know the answer to that now. This is going in the toolkit.
Good trading this week for everyone!
Sue 🙂
Evening all. I’m finally getting…
Evening all. I’m finally getting to post after a crazy day. Contractors came in and demo’d the bath down to the studs with much violence and noise. I was out during the afternoon so missed an alert on my Mar 16th class credit spread.
#spxcampaign
BTO April 20th 2800/2810 for 4.05 with SPX @ 2759.39
Rolled my Short Mar 16th 2800 Call up to Mar 16th 2815 to form a BuCS with the long 2810 late in the afternoon with SPX @ 2777.80. This was an adjustment I made for the class trade. May not have been the best idea.
BTC the SPX Mar 16th 2365/2325 BuPS @ 0.10. Took this off incase the market reverses next week.
BTC SPXL Mar 16th 45 Put @ .60 off a GTC order. Originally opened at 1.25 on the 7th.
I have had a GTC order on my Mar 23rd 2870/2890 BeCS @ .10 that never got filled. It is back up to 1.10. Go figure.
Expired ERX Mar 09th 27.5 Thanks @hcgdavis
Hope everyone has or had a great weekend.
Options Expiration for 3/9
Only 2 today, with no assignments:
$DUST Mar 9 35 calls
$UVXY Mar 9 26 calls
Have a great contango-filled weekend:
Expiration / SPX Campaign / Closed Early / Short Puts
#optionsexpiration
$SPX 2600/2625 BUPS
$SPX 2650/2675 BUPS
$COST 3/9 180/197.50 Earnings Strangle Thank you @jeffcp66
#spxcampaign
$SPX STO 3/12 2735/2760 for 3.40 Thank you @jeffcp66
Closed “Early” and as it turns out Too Early (GTC order – I was irresponsibly away from computer.)
$SPX BTC 3/9 2775/2800 BUPS at 23.50. STO for 17.00
Closed Early I am finding closing before expiration saves a lot of perspiration
$SPX BTC 3/16 2475/2500 BUPS at .10 STO at 1.40 91% profit Thank you @jeffcp66
$AMZN BTC 3/16 1420/1440 BUPS at .10 STO at 2.85
$WYNN STC 3/16 165 Calls at 21.76 BTO at 9.80 Still have a few left.
#shortputs
$EXAS STO 3/16 51.50 puts at .75
Have a nice weekend everyone. Thank you for all your inspiration and guidance.
Calling an audible
#VIXIndicator. Based on this week’s action I’m going to cancel the Downside Warning. I believe we may also have entered an Upside Warning and I started trading it that way today. This is only a small tweak in the VIX Indicator, since this particular circumstance has only happened once before this week.
What is everyone using to…
What is everyone using to track transactions for tax purposes?
I use Excel, but find that entering hundreds of transactions is a tedious process.
Some transactions are capital gains. Others are deemed to be income, etc…
For active trading there has to be a better way.
How about you? Have you found a way that works and saves time?
Final trades and Options Expiration 3/9/18
#SPXcampaign Closed on GTC orders:
$SPX March 16th 2650/2625 put spreads for .30. Sold for 3.10 on March 7th.
$SPX March 28th 2525/2500 put spreads for .20. Sold as a 1.5x roll for 2.20 on March 1st.
#VXXGame
Sold to close final $VXX long March 9th 40 put for 1.61. Bought for 1.44 on Feb 20th.
BTC $UVXY Apr 20th 26 calls for .44. Sold for 2.00 and 5.30 in early Feb.
BTC UVXY March 16th 16 call for .32. Sold for 1.95 on Feb 27th.
BTC UVXY Jan 2019 70 call for 1.20. Sold in early Feb for 6.50 (avg price) -still holding more.
Bought the following highest strikes, adding to my positions, for protection against future short calls:
April 20th 59 calls for .09
May 18th 40 call for .30
June 15th 60 call for .25
#ContangoETFs
BTC $DRIP April 20th 25 call for .15. Sold for 1.70 on Feb 9th.
#OptionsExpiration
— Expiring —
COST 180/197.5 strangles, sold for 1.55 on Wednesday.
Have a great WE Guys…
Have a great WE Guys & Gals
SLB
#SyntheticStock – Closing down the hedge on my SLB Jan’19 67.5/67.5/65 synthetic stock, BTC SLB Mar9’18 67.5 calls for 1.40, sold these last week for 0.28 so loss of 1.12 per contract. Instead of rolling immediately I’m gonna leave unhedged for now, SLB looks to be blasting out of a volatility squeeze (I hope!).
#shortputs ROKU Sold a March…
#shortputs ROKU
Sold a March 16 40 put after earnings for 2.20, ROKU turned down this afternoon, decided to bail at 2.25.
SPX long
#SPXcampaign So I’m still holding $SPX March 16th 2840/2860 call spreads, double-sized position I bought for 1.00 (avg price) back during the correction on 2/12 & 2/14. It’s been dead money for a couple weeks, but if this rally continues next week, may be nice. I’m debating whether to close half today for around 1.50…
But I added another long:
Bought to open March 14th 2810/2830 call spreads for 2.50.
VXX long sold
#VXXGame I took @ramie77‘s idea on this one, but did not close it with profit when he did. On this last day of its life, it’s paying me back a little. Selling one now and seeing if I’ll get more for the other in the next hour.
Sold to close $VXX March 9th 40 put for 1.10. Bought for 1.44 on Feb 20th.
LUV
#SyntheticStock – Another roll…I really wanted a down market today 🙂
Rolled LUV MAR 9 2018 58.5 Calls to MAR 23 2018 60.0 Calls @ .10 debit.
Small debit to pick up another 1.40 of upside.
More SPX stops
#SPXcampaign Up 1.5%… face-ripping mode
Stopped $SPX March 23rd 2775/2800 call spreads for 11.50. Sold for 5.25 on March 1st.
Stopped $SPX March 29th 2840/2865 call spreads for 3.60. Sold for 1.60 on March 1st.
I’ve been looking for even the slightest pullback to get longer, but it ain’t coming.
OLED
#SyntheticStock – Strong recovery here…
Rolled OLED MAR 9 2018 128.0 Calls to MAR 23 2018 133.0 Calls @ .17 credit
PYPL
#SyntheticStock – Going a little further out on this one. Still not sure why it’s going up after the eBay controversy from a few weeks ago..LOL
Rolled PYPL MAR 9 2018 77.0 Calls to APR 6 2018 78.5 Calls @ .15 debit picking up another 1.35 of upside.
CELG
#SyntheticStock – Another roll I was hoping would expire…
Rolled CELG MAR 9 2018 92.0 Calls to MAR 16 2018 93.5 Calls @ .35 credit
BABA
#SyntheticStock – Almost closed the whole thing yesterday. Forced to roll now…
Rolled BABA MAR 9 2018 187.5 Calls to MAR 16 2018 190.0 Calls @ .33 credit
TSLA
#Earnings – Still dealing with an old earnings strangle. Just rolling around collecting premium and it’s starting to add up.
Had a 342.5 Straddle for this week. Closed the call and rolled the ITM put out to a new straddle.
Bought to Close TSLA MAR 9 2018 342.5 Call @ .02
Rolled TSLA MAR 9 2018 342.5 Put to MAR 23 2018 335.0/335.0 Straddle @ 3.20 credit.
Current position now March 23rd 335 Straddle @ 16.40 accumulated credit
SPX
#RocketManHedge – Booking the short put and leaving the long un-hedged over the weekend…
Bought to Close SPX MAR 12 2018 2700.0 Put @ .35 (sold for 9.00)
SLB
#SyntheticStock – In a squeeze and looks ready to run. Rolling the hedge…
Rolled SLB MAR 9 2018 66.5 Calls to MAR 29 2018 68.0 Calls @ .22 debit picking up another 1.28 of upside.
AZO
Leaving this under my #SyntheticStock tag even though it’s slightly modified. Replacing this week’s expiration with another hedge. Reducing basis in Jan 2019 660/760 BuCS by selling bear call spreads.
Sold AZO MAR 16 2018 675.0/700.0 Bear Call Spread @ 2.40
CTRP
#SyntheticStock – Earnings next week. It’s run up to resistance and to a negative delta on my overall position. Gonna book it as a quickie and maybe re-load with an earnings play next week…
Sold to Close CTRP JAN 18 2019 47/47/45 Synthetic
Bought to Close CTRP MAR 9 2018 48.0 Calls
A couple weeks of weekly selling and nice gain on the core for grand total of 1.18 gain per spread. Not risking a blowout on earnings next week.
BABA
I took off my weekly hedge for a .02 cent profit. Position is now 190 call,190 put, 185 put with no weekly call.
ADSK
#Earnings #ShortStrangles – Well here we go. Let the rolling begin. I had many weekly hedges that were set to expire but with the strong market today nearly all of them will be rolls now. This one is a roll of the call side of a blown out to the upside earnings strangle.
Rolled ADSK MAR 9 2018 130.0 Calls to MAR 29 2018 142.0/138.0 Inverted Strangles @ 1.92 credit.
Position now is Mar 29th 142/138 inverted @ 4.25
SPX
BTC Mar 23 2600 short puts at 2.70, sold prev on 26-Feb for 7.80..
gain 62%
BTC Apr 02 2600 short puts at 5.00, sold prev on 6-mar for 13.00
gain 62%
SPY STC 274/274/272 Feb 12…
SPY STC 274/274/272 Feb 12 was a big loser after recent drop. 188.50 Profit after Comm #Fuzzy
SPX rolls, getting aggressive
#SPXcampaign Stopped: $SPX Apr 6th 2840/2865 call spreads for 3.75. Sold for 1.75 on Monday.
Sold March 12th 2760/2735 put spreads for 4.85. Expire Monday.
Sold March 14th 2775/2750 put spreads for 10.90. Slightly ITM, expire Wednesday.
#Hedges They kill a good…
#fuzzy MCD Yesterday as MCD…
#fuzzy MCD
Yesterday as MCD recovered, rolled March 9, 155 call to April 20, 160 for 1.42. My fuzzy is in September.
SPX calls stopped, calls sold
#SPXcampaign Stopped $SPX March 15th 2750/2775 for 12.30. Sold for 3.50 on March 1st.
Sold to Open SPX April 6th 2870/2895 call spreads for 1.75.
I need to throw on a few rolls. I will be placing them neural to bearish on the market. If today’s trend stays intact, I’m going to be considering it a provisional upside warning.
JPM
#SyntheticStock – STO JPM Mar16’18 119 calls for 0.27
VIX Indicator, unprecedented
#VIXIndicator This is pretty tough to explain, but I’ll try anyway…
We are currently in a Downside Warning, but this particular pattern has only happened once before, at least since 1/1/2000, where my tracking begins. The warning was canceled on 2/23, and then, before an Upside Warning fired, it was reinstated on 2/28. When THAT has happened before, the SPX made a new low in all occurrences but 2. In those 2 times, only one time, in 2006, did the second downside correction have a lower 78.6% line.
This time, we did NOT make a new low, and the 78.6% line is down at 12.61. It was at 17.76 from the first warning, so quite a lot lower now. Provided we close decently today, it would be three closes at or below 17.76, which would be an Upside Warning from the FIRST downside warning. In the 2006 occurrence, this did turn out to be an effective Upside Warning, because SPX took off and did not wait for the official upside warning.
If you’re lost, no worries. Here’s all you need to know: There’s not enough precedent to call it one way or the other, but a close today below 17.76 COULD signal a rally back toward all-time highs.
Good Payroll Morning
Good Payroll Morning
SPX trades yesterday
#SPXcampaign Mostly watched the market bounce, but closed the condor with today’s expiration… thankfully, since the jobs number just drove the market into my call strikes.
Closed $SPX March 9th 2675/2650 put spreads for .20. Sold for 3.55 on Wednesday.
Closed $SPX March 9th 2750/2775 call spreads for 3.60. Sold for 3.80 on March 5th.
Stopped: March 29th 2810/2835 for 2.70. This got up to 3.50 i the morning, but I was able to close it at the lows of the day for ,such cheaper.
February Jobs Report
#jobs Added jobs blow away expectations, but wage growth weak.
+313,000 non-farm payroll jobs, vs 200K expected
Unemployment holds steady at 4.1%
U6 unemployment steady at 8.2%
Wages up only 0.1%, reflecting 2.6% annualized
Labor force participation up to 63%
XBI
#ShortPuts #IRA – Out all afternoon…just noticed this one.
Bought to Close XBI MAR 16 2018 83.00 PUT @ .05 (sold for 2.60)
FYI JP Morgan co-president warns…
FYI
JP Morgan co-president warns of ‘deep correction’ for stocks totaling as much as 40% over next few years.
https://ca.finance.yahoo.com/news/jp-morgan-co-president-warns-130800662.html
I guess we are going to have a bull market for a few years… 🙂
Took off CBOE
One more that I didn’t see come through near the end of the day.
Bought to close $CBOE Sep 21 70 puts @ .60. Sold for 1.80 on 2/9. Got lucky on a nice reversal in the stock right after I sold the puts. Took the trade off for 67%. No sense waiting more than 6 more months for the other 1/3.
#fallingknife #shortputs APA Sold July,…
#fallingknife #shortputs APA
Sold July, 30 put for 1.27 to go with a July 32.50 put that I was too greedy to close when it was profitable a couple months ago.
MCD
BTO May 18 MCD 155/155/150 3.60 #Fuzzy Un-Hedged at this time
Live now
Possible tariff signing
https://www.pbs.org/newshour/politics/watch-live-trump-expected-to-sign-tariffs-on-steel-aluminum?utm_source=Devices&utm_medium=Notification&utm_campaign=Push+Notification&utm_content=201838-watch-live:
Options Bistro 