Did not have time to post but at lunch converted my UTX short puts and NSC short puts into strangles. Both going into earnings.
Normally I don’t do this on individual names, but trying to stay in some trades just a little longer to let theta do some work. As soon as I have a profit will close and roll down.
STO 24 DTE NSC 141 call for 0.6. Now have 127/141 strangle.
STO 24 DTE UTX 131 call for 0.6. Now have the 122/131 strangle.
I was looking at doing the same with XBI but is tearing to the upside. As soon as momentum shifts will add call side.
$MTN 4/20 BTC 210 Put at .30 STO 12/4 at 6.90 Thank you @jdietz1954
$SPX 4/20 BTC 2480 put at 6.00 STO at 12.50 2/3 of trade still open. Thank you @hcgdavis
$FXI BTC 4/20 51 call at .08 STO at .60 Thank you @thomberg1201
$SPX STO 4/13 2720/2710 BECS at 1.40 Thank you
#SPXcampaign BTC April 13th 2575/2570 BuPS for 0.40 Sold yesterday for 1.05
#SPXcampaign Sold $SPX May 11th 2825/2850 call spreads for 1.75.
#OIL – the entire oil complex is up today, especially Independents and Oil service companies.
S&P500 dividend payers in this industry listed below are up 4% to 7% today
$FTI $DVN $RRC $HP $PXD $BHGE $NOV $EOG $MRO $XEC $EQT $HES $NBL $SLB $APC.
All of these were former #FallingKnife trades a few month ago. Several are still close enough to the base that they put in that selling PUTS below recent support would still be low risk.
BTO May 18 50/50/48 Bull #Fuzzy 2.77
STO Apr 20 54 Call .46
Looks like the market is happy with the testimony so far…