Looks like I picked the wrong week…

Have a nice weekend to everyone

Tune in on Monday for more exciting trading and fun.

SPX calls closed

#SPXcampaign Closed $SPX Apr 20th 2750/2775 call spreads for .45. Sold in a #CondorRoll for 7.05 yesterday (call side sold for 3.23). The put side is taking heat.

#BullCallSpreads – Thanks @mortlightman and…

#BullCallSpreads – Thanks @mortlightman and @Jeff for the idea. Made 1.30 on the last one so re-loading here…

Bought to Open SPX MAY 18 2018 2780.0/2800.0 Bull Call Spread @ 1.50

#spxcampaign New to this so…

New to this so the Put I bought yesterday 2660 for $15 I sold this morning in first 15 min for $20, as prices were declining.
Now I entered BePS debit 2620/2610 for $4.90 when price 2610 and weak. I’m considering adding to this position but need to know if I have to close it out or will automatically settle in cash? Can anyone help?

Ripsaw market, up 30-50 one…

Ripsaw market, up 30-50 one day, down 50-60 the next. I wanted some volatility but could be a little less pronounced than this.

Looks like all my CC will expire OTM now FAS, ERX, LNG, so will sell new calls on Monday.

Have a good weekend!

SPX trades

Sold $SPX Apr 27th 2750/2775 call spreads for 2.35
Sold May 4th 2400/2375 put spreads for 1.60
Sold Apr 20th 2600/2625 put spreads for 10.25. This last one is betting on a bounce for Monday. But if that doesn’t happen I have two weeks to expiration so the flexibility to roll it ITM.


#SyntheticStock – 65’s expiring today (sold for .90). Replacing those with next week with earnings the following week.

Sold SLB APR 13 2018 65.5 Calls @ .61


#SyntheticStock – Selling below the July core so trying to stay cautious. Replacing this week’s 90/95 BeCS expiration.
Switching back to naked and selling right at the descending 50ma.

Sold CELG APR 13 2018 92.0 Calls @ .50

#earnings #longcalls DAL Dipping my…

#earnings #longcalls DAL

Dipping my toe back into some pre-earnings trades in this mixed market.

BTO April 13, $54.50 calls for .85 cents each. This is an 87.5% winner over the last 2 years of earnings cycles per the CML backtest. Probably could get in a few cents cheaper if I had been patient. Will close this out next Wednesday.


#PerpetualRollingStrangles – Was a little early but another good week for this one…

Bought to Close TLT APR 6 2018 121.0 Calls @ .15 (sold for .70)

Sold TLT APR 13 2018 120.5 Calls @ .56

#shortputs #pietrades AMAT Rolled April…

#shortputs #pietrades AMAT

Rolled April 20 50 put to May 18 50 put for .94. I’ll be away from the screen next week, moving some positions to May.


March Jobs Report

#Jobs Reverse of last month: Added jobs LOWER than expected, but wage growth was stronger. Reversion to the mean?

+103,000 non-farm payroll jobs, vs 178K expected
Unemployment holds steady at 4.1%
U6 unemployment at 8.0%, down by .2
Wages up 0.3%, reflecting 2.7% annualized
Labor force participation 62.9%, down 0.1

Jan revised down from 239k to 176k
Feb revised up from 313k to 326k