WYNN Earnings

#Earnings #ShortStrangles – Haven’t been in this one in awhile….

Sold WYNN APR 27 2018 182.5/205.0 Strangles @ 3.20

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…

#earnings #ironbutterfly FB

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.