Only a few.
WBA 60 puts
ALKÂ 55 puts
STZ 200puts
EXAS 40 puts
CELG 97 covered calls
OLED 100 puts assigned
Daily Archives: Friday, April 20, 2018
Long Calls URI / SPX Campaign / Short Puts / Rolling / Expiration
#longcalls
$URI BTO 9/21 165/180 BUCS for 7.00
#spxcampaign
$SPX STO 5/18 2510/2535 BUPS at 1.70 Thank you @jeffcp66
$SPX STO 4/25 2665/2690 BUPS at 4.60 Thank you @jeffcp66 Better luck this time.
#shortputs
$SKX STO 4/27 31 put at 1.00 Thank you @honkhonk81 Falling Shoe Trade
$URI STO 5/4/2018 160/165 BUPS at 1.40
#rolling
$SCHN BTC 4/20 36 put and STO 5/18 36 put at .30 added credit
$MZOR BTC 4/20 70 put and STO 5/18 70 put for added .70 credit
#optionsexpiration
$NFLX 340/335 BECS
$SPX 2795/2770 BECS Thank you @jeffcp66
$TSLA 305/300 BECS more than offset by
$TSLA 295/300 BUPS Missed the tail on the donkey with pinning! ;-}
$FB 170/175 BUPS Total Loss
$NKTR 90/100 Total Loss
$FB 135/145 BUPS
$NFLX 275/280 BUPS
$NFLX 260/270 BUPS
$SPX 2665/2690 BUPS Big Loss but not Total but still BIG OUCH! Will I ever learn?
$CAT 125/135 BUPS
$AMZN 1360/1390 BUPS
$GOOGL 1030/1035 BUPS
$FB 140/150 BUPS
$ALGN 230/240 BUPS
$WHR 120 put Thank you @ramie77
$SIG 35 put Thank you @optioniceman
$TWTR 31 put
$MSFT 92.5 put
$RIG 10 put
Options Expiration for Apr 20
Expiring:
$AMZN 1450/1400 BuPS
$AMZN 1360/1370/1620/1630 IC
$APA 32.50 puts
$BA 310/320/345/355 IC
$BA 310/300 BuPS
$CAT 140/130 BuPS
$DUST 35 calls
$FB 162.50/152.50 BuPS
$HSIC 62.50 puts
$KOLD 55 calls
$MA 120 puts
$NFLX 260 puts
$OLED 90 puts
$QQQ 155 puts
$QQQ 156 puts
$REGN 300 puts
$SPY 263/251 BuPS
$TSLA 325/335 BeCS
$TSLA 327.50/342.50 BeCS
$UVXY 20/30 BeCS
Expiring for full loss. Will look to re-establish after earnings:
$FB 175/170 BuPS
Last minute roll: $KR Apr 20 25 puts out to May 18 25 puts for .42 credit to avoid assignment.
Assignments:
$QRVO 72.50 puts–going long stock. I meant to roll this but I lost track of it this afternoon. Will sell calls against it next week.
$CYBR 50 covered calls–stock being called away
$X 40/36 inverted strangle–with the stock finishing at 36.65, I’m being assigned on both sides–5.90 credit taken in so a 1.90 overall profit.
Have a great weekend everyone.
KR
Closed #Fuzzy as hedge took me out, small profit.
#pietrade 1 roll today, otherwise…
1 roll today, otherwise letting everything else assign/close/expire worthless and will re-load Monday.
TNA today 69 CC rolled to next week for 0.94 credit. Took advantage of the weakness to load more cash. Cost basis now 66.63.
SPX trades
#SPXcampaign Sold $SPX May 17th 2775/2800 call spreads for 1.55.
Sold SPX May 14th 2675/2650 put spreads for 10.25. Another aggressive roll but with a more manageable time frame.
Joining the TQQQ Queue
#LongLEAPs Bought to Open $TQQQ Jan 2020 150 call for 41.00. To break even, underlying only has to reach its all-time high from last month, and I got 21 months to do it. Meanwhile, I’ll be selling calls against it.
FAS/SQ
Rolled Apr20 FAS 66 call to next week 67 call for 84 cent credit
Rolled Apr 20 SQ 51 call to next week 53 call for 16 cent credit
DG PYPL
#SyntheticStock – Converting this one over to Jan 2019 Bull Call Spreads similar to how I did NUGT…closing the short put side of the synthetic and the disaster put (a BuPS). The stock is still above the LEAP position so a good time to do it (yesterday was even better!).
Bought to Close DG JAN 18 2019 95.0/92.5 Bull Put Spreads @ 1.05
Sold DG JAN 18 2019 115.0 Calls @ 2.75
Caps my upside well above the all time high on the stock which I’m ok with. In exchange for that I reduce the max loss and pick up a quick 1.70 towards being risk free in the position.
BTW…also did this with PYPL today but won’t bore you with the details.
FAS roll
BTC April 20, 66 call and STO May 4, 67 call for a net credit of .94 cents. This completes all of my rolls for today. I have more next Friday.
SWK earnings bomb
Sold a put ladder:
$SWK Jul 20 130 puts @ 1.50
$SWK Oct 19 115 puts @ 1.35
I was looking to sell something in June but that series won’t start trading until Monday. Will keep an eye on it and maybe add June if it keeps tanking.
CME
STO May 4, 177.5 calls @ .35 cents and the April 20 175 calls will expire today at zero. This is my 2020 Fuzzy, 160,160,155. I put this on 10 weeks ago and have covered 18% of the cost of the trade so far.
EWW
#SyntheticStock – Mr. King of timing here again. I waited yesterday to sell calls for next week on this one, hoping to see the 200sma was gonna hold. She didn’t hold, I shoulda sold… yesterday.  STO EWW Apr27’18 53 calls for 0.16. Oh well, I only need 0.08 a week to cover a total loss on my 2020 52/52/50 synthetic position.
MU
#Fuzzy – STO MU Apr27’18 54 calls for 0.44
#earnings SKX I sold a…
#earnings SKX
I sold a 37/47 strangle yesterday, stock hovering at 30, down 12. Anyone need new shoes?
Volatility not kicking up
#Market Today we are down less than 1%, which in 2018 is notable. VIX not up much, and UVXY and VXX could barely be considered to be spiking, given the huge drop they saw in the last week. UVXY had been at 20 for a couple weeks, then a quick drop to 15, and barely up today.
Meantime, SPX could barely get above 2700. Is this the new normal? Consolidating indices all year and volatility drifts downward as we get used to it?
FB
#LongPuts #LongCalls #LongLEAPStraddles – Gonna be an interesting earnings announcement. Tons of premium so still selling aggressively. Rolling the call side today. Didn’t quite get the needed pullback.
Rolled FB APR 20 2018 165.0 Calls to APR 27 2018 167.5 Calls @ 2.30 credit
SPX trades
#SPXcampaign Closed on GTC order: $SPX May 4th 2810/2835 call spreads for .20. Sold for 1.45 on Apr 5th.
Closed Apr 25th 2680/2655 put spreads for 9.70. Sold for 5.65 yesterday. I had to step away for a few, and that’s when the plunge happened, just before I failed to get a fill on a break-even order. Now I may have gotten out on the lows. My ability to trade these short-term near-the-money spreads has totally sucked since early March. I was killing it with them in February and it got my confidence up, so the market had to affirm who’s daddy.
FAS
#LongCalls #LEAPS – Banks aren’t running away so rolling but staying aggressive with the sales…
Rolled FAS APR 20 2018 63.5 Calls to MAY 4 2018 65.0 Calls @ .95 credit
TQQQ
#LongCalls #LEAPS – Staying aggressive and selling at the 50ma. Hopefully they’ll be easy to roll.
Bought to Close TQQQ APR 20 2018 155.0 Calls @ .10 (sold for 3.30)
Sold TQQQ APR 27 2018 155.0 Calls @ 3.20
NUGT
#SyntheticShortStock – Using the weakness today in this thing to close my upside protection leaving just long 32 strike puts.
Bought to Close NUGT JAN 18 2019 32.0/34.0 Bear Call Spreads @ .46
This adds .46 to the cost of the long puts but reduces max loss by 1.54 and makes the trade much easier to manage and cleaner when closing.
TQQQ
STO May 4, 170 calls @ .90 cents. I have 175 and 180 calls that expire today. This is a Fuzzy 180,180,175 for 2020.
TLT
#PerpetualRollingStrangles – Another one in the books…
Bought to Close TLT APR 27 2018 121.5 Calls @ .06 (sold for .60)
Sold TLT MAY 4 2018 120.0 Calls @ .42
EDIT….
For some additional downside help:
Bought TLT SEP 21 2018 100.0 Puts @ .12
ROKU
#ShortStrangles – Rolling short calls down to straddles. Earnings the week after this…
Rolled ROKU MAY 4 2018 37.0 Calls to MAY 4 2018 34.0 Calls @ .55 credit
#shortstrangles EWZ closed May 18,…
#shortstrangles EWZ
closed May 18, 42/47 strangle for .96, sold for 1.78 on April 3.
RH trade closed
#Earnings #ShortStrangle #StrangleRoll
Closed $RH Apr 20th 87.5 puts for .60. Sold as the 87.5/100 #StrangleRoll from breached short calls for 4.535 on Mar 29th. Letting the calls expire. Total profit in trade, 2.11.
SPX puts sold
#SPXcampaign Looks like early March all over again… a multi-day rally cut short by the volatility of 2018.
Sold $SPX May 17th 2535/2510 put spreads for 1.60.
Looking to already close the short-term put spread I sold at yesterday’s close. I thought the bounce yesterday looked decent and would lead to a stronger morning. Not the case. AAPL is not helping the overall market.
SLB
#SyntheticStock – BTC SLB Apr20’18 70 calls for 0.10, sold for 0.39. Waiting to sell next week’s, bouncing off of 69 level??
CELG
STO May 11, 97 covered calls @.75
Options Bistro 