#Earnings #ShortStrangles – Haven’t been in this one in awhile….
Sold WYNN APR 27 2018 182.5/205.0 Strangles @ 3.20
Daily Archives: Tuesday, April 24, 2018
SPX long again
#SPXcampaign Bought $SPX May 18th 2770/2790 call spreads for .90. Got these a little early in today’s drop, but it is the same position I’ve turned around twice by selling on the highs.
URI
#ShortPuts #IRA – This one was pretty stress free on the last dip. Going in again here…
Sold URI JAN 18 2019 110.0 Put @ 3.50
Sold URI JAN 18 2019 100.0 Put @ 2.30
TQQQ
#LongCalls #LEAPS – Forgot I had this order in. When it filled I started looking at booking the nice gain on my short 250 LEAP. Did all that and selling another this week going for the double dip. Will roll the LEAP trade into my long LEAP basis and look to sell it again on the next rally.
Bought to Close TQQQ APR 27 2018 155.0 Calls @ .20 (sold for 3.20)
Sold TQQQ APR 27 2018 144.0 Calls @ 1.25
And the LEAP:
Bought to Close TQQQ JAN 17 2020 250.0 Calls @ 10.80 (sold for 16.10)
Still playing the game
But the rules have changed so I’m sticking with the strategy post-VIXpocalyse in early Feb. I still like selling UVXY calls but they will almost always be hedged now (call spread) which is going to necessitate them being closer to the money. With UVXY’s wings being clipped as well I’m a bit more comfortable with the 22 short strike. If volatility comes in at all over the next couple of weeks I will try to take this off.
Sold $UVXY Jun 15 22/27 bear call spread @ .54.
KMB
STO July 90 puts @1.05
#earnings #ironbutterfly FB Trying to…
Trying to selll a May 18, 155/160/160/165 iron fly (iron condor with the same short strikes) for 4.45. Maybe with all of FB controversy not much happens, if it does, I have a few weeks to stop, drop and roll, risking $55.
XBI
#Fuzzy – BTC XBI Apr27’18 92 calls for 0.06, sold for 0.47. STO XBI May04’18 90 calls for 0.62.
#fallingknife #shortputs SKX SKX finally…
#fallingknife #shortputs SKX
SKX finally has leveled off. Sold July 28 put for 1.73, I still have a May 18, 37 put from earnings strangle that I’m willing to bet will be rolled to July and beyond eventually.
SPX stop and roll
#SPXcampaign Closed $SPX May 17th 2535/2510 put spreads for 3.10. Sold Friday for 1.60.
#CondorRoll Increased position size and sold May 18th 2440/2465/2780/2805 condors for 2.20.
The roll leans bullish, with higher premium on the put side, since we are at the bottom of the consolidation range.
#ironcondor ADBE Tastytrade follow, June…
#ironcondor ADBE
Tastytrade follow, June 18, 180/190/240/250 for 2.67
SHW Sep put
Throwing one out there at 15 delta in Sep. I may add if the stock keeps moving down.
Sold $SHW Sep 21 320 put @ 5.10.
TQQQ
I see the neck line around 130 which is also near the 200day MA. If it does not bounce there this market are in trouble.
Closing CAT
I wasn’t hoping to close this for another week or two but I got a bit lucky on this trade I put on this morning. It doesn’t happen like this very often, unfortunately.
Bought to close $CAT May 18 165/175 BeCS for .30. Sold near the open today for 1.35.
BABA 2019 Fuzzy
BTC April 27, 215 calls @.01
STO May 4, 192.5 calls @.68 cents
BIIB ladder
Taking advantage of still elevated volatility (IV rank 53) after earnings to sell a put ladder and either take assignment long term or keep the premium. Sold:
$BIIB May 18 240 puts @ 1.60 (delta 14)
$BIIB Jun 15 235 puts @ 2.50 (delta 16)
$BIIB Jul 20 220 puts @ 2.10 (delta 11)
#pietrades Did not have time…
Did not have time to post yesterday, work is cutting into my trading profits 😦 but not ready to go full time trader yet.
Anyway, yesterday FAS CC at 65 strike across several accounts. Cost basis 62.47, 56.84, and 59.06 after several weeks of rolling. Nice profits on all if assigned.
Today STO EXPE 104 puts for 3 DTE at 1.70. Earnings on 4/26 but good support at 104 after last drop. CB 102.3 if assigned.
Sitting on my hands rest of the week to let theta work. Will either have a bunch more on Friday or Monday.
Trade smart!
MU
#Fuzzy – BTC MU Apr27’18 54 calls for 0.03, sold for 0.43. STO MU May04’18 51 calls for 0.51.
EWW
#SyntheticStock – BTC EWW Apr27’18 53 calls for 0.03, sold for 0.15. STO EWW May04’18 52 calls for 0.37.
SPX puts sold
#SPXcampaign Sold $SPX May 25th 2500/2475 put spreads for 1.70.
SPY STO May 11 255/252.50…
SPY STO May 11 255/252.50 BuPS .20 cr
MU close #Fuzzy after a…
MU close #Fuzzy after a few diff moves finally exited with 148.75 profit
OLED
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. This week’s 100s look pretty safe so selling next week now. Earnings on May 3rd so keeping it well out of the money for now. I may adjust this prior to the announcement.
Sold OLED MAY 4 2018 105.0 Calls @ 1.55
Adding to GUSH
In the freshly minted December series, at the highest strike.
Sold $GUSH Dec 21 46 call @ 4.00.
SPX trades
#SPXcampaign Sold $SPX May 25th 2795/2820 call spreads for 1.65.
Closed on GTC orders:
Yesterday: May 11th 2825/2850 call spreads for .20. Sold for 1.75 on Apr 10th.
Today: May 11th 2400/2375 put spreads for .20. Sold for 1.75 on Apr 9th.
TQQQ call sold
#LongLEAPs #SyntheticStock #SyntheticCoveredCall
Sold $TQQQ May 11th 165 call for 1.70. Against my long Jan 2020 150 call.
CAT calls
Fading the post-earnings move. Sold $CAT May 18 165/175 BeCS for 1.35.
TQQQ
I am not the best chart reader in the world but the QQQ and TQQQ look like it is forming a head and shoulder pattern. It that is the case and it breaks the neck line, I see a move down to about 70 on the TQQQ. The stochastics are turning down and the RSI is under 50 so, even though we may rally this morning I would be careful.
Options Bistro 