FB is up $10 after hours
FB is up $10 after hours
#ShortStrangles – Whiz just put on a May monthly 172.5/170.0 BuPS. He’s been on a roll so I’m using his short strike for my put side and selling calls up above the clutter.
Sold WYNN MAY 18 2018 172.5/197.5 Strangles @ 3.64
Bought TNA JAN 17 2020 70.0 Calls @ 17.22
90 weeks to run so needing 19 cents per week to cover. That shouldn’t be too much of a problem.
Sold TNA MAY 4 2018 72.0 Calls @ 1.23
#LongCalls #LEAPS – With the weakness in the stock and the additional volatility pumped into these for earnings tonight I’m rolling my short calls back in and down. Guessing there won’t be any crazy up moves. This would get me out a week early and allow a re-sale of next week.
Rolled PYPL MAY 4 2018 78.5 Calls to PYPL APR 27 2018 76.0 Calls @ .58 credit.
QQQ #Fuzzy (I think this is one. Correct me if I’m wromg.) Sold April 27th 161 call @ .60 against my 2020 long leap 161 call with QQQ at 158.96
#SPXcampaign Closed $SPX May 25th 2500/2475 put spreads for 2.90. Sold yesterday for 1.70. I’ll look to roll later today. This started the day going over the 3.00 stop level, so got out on the bounce. I also am not going to let my 10-dollar spread go negative. If the bleeding doesn’t stop soon I will be out.
Also, closed on GTC orders:
May 4th 2750/2775 call spreads for .30. Sold in a #CondorRoll for 7.15 on Apr 12th.
May 17th 2810/2835 call spreads for .20. Sold for 1.50 on Apr 16th.
April 18 sold a May 18, 14 put for 1.28, closed today for .50. It had a margin demand of $1400.
Anything can happen here so I’m taking profits and closing the trade.
Bought to close $RSX May 18 19 puts @ .15. Sold for .54 on 4/11.
I am still not the best chart reader but I see resistance about every 20 basis points rising up to 4% which would be the next major resistance. All the technical indicators look good for rising rates. Not good for stocks IMHO.
Rolled my short April 27, 145 puts out to May 11, 140 puts for a credit of .09 cents.
Taking this off for around 70% of the max.
Bought to close $XBI May 18 75/96 strangle @ .53. Sold for 1.85 on 3/29.
I didn’t get in but you gotta love that inventory report that just came out!
TSLA closed Apr 27 275/300 BeCS yesterday $10.50, sold for $12.60 in couple a positions.
Today sold 275/300 BeCS for 7.60, stock still falling.
I was waiting for a good time to sell puts to offset my ITM short calls that I’ve been carrying and rolling. Today looks like a good day for it.
Sold $QQQ May 18 148 puts @ 1.24 and 149 puts @ 1.36. They are offsetting ITM calls at the same strikes so positions are now May 148 and 149 straddles.
BTC JPM Apr27’18 115 calls for 0.03, sold for 0.27. Waiting to sell calls for next week, hoping we get a bounce???
STO May 16, 2300/2200 bull put spread at 1.05
#LongPuts #LongCalls #LongLEAPStraddles – This is also a little bit of an #Earnings trade to. Seems like all news is bad news right now so making FB come and get me on the long side. Rolling down my short calls that are sold against Jan 2019 160.0 long calls.
Rolled FB APR 27 2018 167.5 Calls to APR 27 2018 160.0 Calls @ 2.67 credit.
Total premium in the call now is up to 7.11. The LEAP only cost 18.50 so recovered 38 percent of the cost in 2 weeks with all this volatility. Still 38 weeks to run. Playing the put side simultaneously also…
#Earnings Tough to make a call for earnings. It’s breaking more support this morning. It’s biggest recent drop on earnings is only -5.6%, and it has a positive bias after earnings. Even a good earnings report (which is likely) may just be another excuse to sell. I’m probably staying away, although might sell calls if we get a late day rally.
#SPXcamaign Making a bet that the low is in… change my mind if we get down to 2600…
Sold $SPX May 4th 2625/2600 put spreads for 10.00.