Tune in on Monday for more exciting trading and fun.
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 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!
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
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
#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