#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.
#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??
STO May 11, 97 covered calls @.75
#SPXcampaign #Rolling Sold $SPX Apr 25th 2680/2655 put spreads for 5.65 after the bell, as a roll from the spread stopped earlier.
#CoveredCallCampaign #ShortPuts
Closed $BABA Apr 20th 190 put for 7.95, to avoid early assignment tonight. Sold for 3.85 on March 15th.
#Rolling Sold BABA May 4th 187.5 put for 9.55. Moved down a strike and after earnings.
Sold May 18, 37/47 for 1.70
#shortcalls
$CBOE STO 5/4 113 call at 1.20 (covered)
#shortputs
$URI STO 5/18 150/160 BUPS at 1.60 Falling Knife?
With earnings on 5/3 I decided to roll my ITM Apr 20 100 puts out only 1 week, for .85 credit, instead of going into the May expiration and having earnings in the cycle. I figure I’d give it another week to recover a bit and maybe be able to take it off by next Friday. With the credit, basis has been reduced by 2.25 so I would need the stock at 97.75 or higher next Friday to be able to do that.
Rolled $OLED Apr 20 100 puts out to Apr 27 100 puts for .85 credit.
#FallingKnife trades
Thanks to @optioniceman for the ideas.
Sold:
$CLX Oct 19 100 puts @ 1.35
$PM Sep 21 75 puts @ 1.70
$HSY Nov 16 80 puts @ 1.35
$ADS Jun 15 180 puts @ 1.50
$ADS Sep 21 150 put @ 2.00 (lowest strike)
#SyntheticStock – BTC EWW Apr27’18 55 calls for 0.07, sold a couple days ago for 0.31. Gonna wait and sell more calls for next week after I see if EWW bounces off the 200 day sma, which it is hitting.
#BullCallSpreads #LEAPS -Going back into the belly of the beast with something more realistic to the upside. Buying a narrower spread but using two contracts instead of one. Also, a lower debit so easier to get it covered and be risk free. Let’s see if 600ish can hold…(not looking good so far). A bounce back up to the 200ma resistance would be a good point to take profits. Buying the vertical below and selling the weekly at it.
Bought to Open AZO JAN 18 2019 600.0/620.0 Bull Call Spreads @ 9.95
39 weeks to run so needing 26 cents per week to cover. I’m going for way more than that to get the risk off as soon as possible…
Sold to Open AZO MAY 4 2018 625.0/645.0 Bear Call Spreads @ 2.70
#Fuzzy – BTC XBI Apr20’18 92 calls for 0.03, sold for 0.38. STO XBI Apr27’18 92 calls for 0.47.
#BearPutSpreads – I’ve been selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit.
Sold VXX MAY 4 2018 39.0/35.0 Bull Put Spreads @ .71
#BullCallSpreads – Interesting trade and another lesson for me in the power of basis reduction.
Originally Bought Jan 2019 660/760 Bull Call Spread after last quarter earnings. Stock started dropping from almost the exact moment the trade filled. Continued selling weekly Bear Call Spreads against the position. Also, rolled down the LEAP short 760 to 710 for additional credit. Stock is still imploding as I type this but…
Bought to Close AZO APR 20 2018 625.0/650.0 Bear Call Spread @ .00 (sold for 2.25 and legged out for zero cost 🙂 )
Then:
Sold to Close AZO JAN 18 2019 660.0/710.0 Bull Call Spread @ 15.43
After reducing my basis of the original position to 9.23 the trade still made 6.20 without ever having a single uptick. Now that’s basis reduction!
CVS, BTC May 18, 50 puts @ .05, sold at .64 cents
DGX, BTC May 18, 85 puts @ .06, sold at 3.20
EXAS, BTC April 20, 45 puts @.10 to avoid possible assignment. Sold at 3.10
EXR, BTC June 15, 65 puts @ .10, sold at 2.15
#shortcallspreads #rolling TSLA
April 2 I sold an April 20, 290/300 call spread that of course should have worked out. TSLA is hovering around 293. I rolled to May 18, 300/315 for 1.55 credit, however earnings are May 1.
Assigned early on half of my ERX 8 DTE 20/25 call vertical debit spread. So short half the spread. Easy fix, the 20 long call was so far ITM exercised at intrinsic value so made half the profit a week early. Will let the rest expire next week.
Sitting on my hands the next 2 days, then have a lot expiring tomorrow and will either let assign or roll on Monday depending on what’s left.
FAS CC at 65, 64, 66 are all ATM so will see what happens. Cost basis 61.27, 64.11, 58.17 and 60.63 so all looking good either way.
TNA 69 CC at full profit so will let assign tomorrow.
GM 38.5 CC next week, it is also ATM.
Finally 2 positive weeks in a row, easier with market moving up but I had some trades with a bearish bias as well. Have pulled back 11k on the SVXY losses. Still a long way to go but every bit helps.
Looking at trades for next week, good premiums still out there, WDC, EXPE, SMH, XBI all at top of the list. Some have earnings. SWKS possible #fallingknife looks like finding bottom.
That’s all I have until Monday, have a good expiration and weekend!
#Earnings #Rolling
Closed $FDX Apr 20th 255 call for .74. Sold for 1.15 on March 23rd.
Sold FDX May 25th 237.5 puts for 2.33.
After closing ITM puts under margin pressure, I have now rolled them all back into profit range. I still think this is a decent bullish candidate on pullbacks. The call was over 3.00 yesterday so slipping out today in case it rallies back tomorrow.
#ShortPuts #IRA – Throw these out there and see what happens…
Sold NVDA SEP 21 2018 175.0 Put @ 4.90
Sold NVDA JAN 18 2019 150.0 Put @ 4.40
New highest strikes in some of the months.
Sold $GUSH Jun 15 45 calls @ 1.00.
#Earnings BTC $CP Apr 20th 175 puts for .45. Sold yesterday for 1.10.
#SPXcampaign I love these short-term reverse rolls when a rally starts, but of course they only work with a sustained rally… since January, sustained rallies haven’t been happening. Thus, got whipsawed on this one, albeit without much damage. Stopped out when we started dropping for the third time, and of course, that led to the strongest bounce. Will likely roll into a condor later, depending on how the day shakes out.
Closed $SPX April 20th 2690/2665 put spreads for 5.35. Sold for 4.35 as a #ReverseRoll on Tuesday.
#LongCalls #LEAPS – My newest 2020 position that’s just getting started…
Bought to Close SMH APR 20 2018 106.5 Calls @ .05 (sold for .72)
Sold SMH MAY 4 2018 104.0 Calls @ 1.33
#shortputs #pietrades EWZ
Rolled April 20, 43.50 put to April 27 for .33
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings May 3rd so staying aggressive until then.
Bought to Close OLED APR 20 2018 103.0 Calls @ .10 (sold for 1.58)
Sold OLED APR 27 2018 100.0 Calls @ 1.40
#SyntheticStock – Plugging away against a Jan 2020 position…selling next batch in earnings week. Might adjust it a little as the day approaches.
Bought to Close REGN APR 20 2018 337.5 Calls @ .20 (sold for 2.20)
Sold REGN MAY 4 2018 345.0 Calls @ 2.40
The ten year note took a nice pop up in yield this morning. Not good for stocks if we go over 3%.
BTC July 155 put @ .10, sold at 3.30 and a hat tip to Iceman for the idea.
#ShortPut Sold SQ April 27th 51 Put @ 1.25. Had an order to close the April 20th 48.5 for .05 but not filled.
QQQ Rolled my April 20th 161 short call (Paired with the Jan 2020 161 leap) out and up to April 27th 164 for a 0.50 debit. Unsure if this was the right time. Maybe wait another day or two. Got antsy. Any feed back from you pros is welcomed.
#rolling
$LABU BTC 4/27 83 call and STO 5/11 85 call for 1.10 added credit
Closed Early
$NFLX 5/18 250/260 BUPS at .15 STO 4/13 at 1.13 Earnings delight
$SIG BTC 4/20 40 put at .50 STO at 2.51 as falling knife Thank you @optioniceman
https://seekingalpha.com/article/4163594-walk-wild-side
#Earnings The only thing I’m doing today is selling $CP Apr 20th 175 puts for 1.15. Fairly close to the money, but CP has only moved down more than 3% one time on earnings in the last 8 years.
Not filled yet, but stock is pulling back now. I’ll drop to 1.10 if necessary.
Biggest UP move: 5.9%, Biggest DOWN move: -5.2%, Average move: 2.9%. This trade is -2.8% OTM.
Yesterday Motley Fool advised followers to sell shares at a loss, it’s up .30 today.
Their explanation https://www.fool.com/premium/stock-advisor/coverage/18/coverage/updates/2018/04/17/sell-tripadvisor.aspx?source=ipeemleml0000004&utm_medium=email&utm_term=91466&utm_content=sell&utm_campaign=sa&utm_source=product
#shortstrangles FXI
Sold June 14, 44/53 strangle for 1.07, following Beef at TastyTrade on this ticker again, currently at 47.
#ShortStrangles – Once again I’ve demonstrated my uncanny ability to trade directionally by selling those 34 puts yesterday. 😦 Added these this morning when it was looking like I was obviously wrong…
Sold ROKU MAY 4 2018 37.0 Calls @ .65
BTC April 27, 195/265 strangle at .17 cents. Sold at 4.00 and a hat tip to Fuzzball for the idea.
#SyntheticStock – Some more rolling. Easing them up but keeping some downside cushion. LUV earnings next week.
Rolled EWW APR 20 2018 51.5 Calls to MAY 18 2018 52.0 Calls @ .04 debit
Rolled LUV APR 20 2018 55.0 Calls to MAY 4 2018 57.0 Calls @ .05 credit
#SyntheticStock – Rolling…
Rolled XLY APR 20 2018 101.5 Calls to XLY MAY 11 2018 102.5 Calls @ .07 debit
#SyntheticStock – These have both been on a tear so rolling the best I can. Neither one is really very rollable especially this far ITM. Will have to trade these like I did my old AMZN position. Keep rolling up and out while ITM treating them like a nice trailing stop.
Rolled DG APR 20 2018 94.0 Calls MAY 18 2018 95.0 Calls @ .10 debit.
Rolled XOM APR 20 2018 75.0 Calls to MAY 4 2018 75.5 Calls @ .14 debit (waiting until after earnings to see what I need to do longer term)
Also on XOM:
Bought to Close XOM JAN 17 2020 75.0/72.5 Bull Put Spreads @ 1.10
This leaves just the long calls out in 2020. Made a profit on the short put / disaster put but did add 1.10 to the cost of the long calls.
#SyntheticStock – Rolling….picking up another 1.95 of upside. Earnings next week.
Rolled PYPL APR 20 2018 76.5 Calls to MAY 4 2018 78.5 Calls @ .05 debit
SQ #shortputs SQ looks to be making a move up. Sold April 20th 48.50 puts for 0.50 when SQ was at 49.31. Assignment would put me stock at a 48 basis at the 50dma. Earnings are May 2nd after the close.
#earnings
My order in but not yet filled. Last four quarters $LRCX went up twice and went down twice.
$LRCX STO 4/20 202.50/220 Strangle at 4.20
I may be early here but with the momentum slowing I wanted to sell some premium and get some short delta against my stock.
Sold $NFLX May 18 365/375 BeCS @ 1.43 with the stock at 334.34, around 4 dollars off its high of the day. Delta of the short strike is 20.
#shortcallspreads NFLX
Idea from TastyTrade sold May 18, 365/375 for 1.37.
#vxxgame #shortcalls UVXY
bought May 18, 16 call for 1.03, made 1.70. This started out January 29 as a 15 call, rolled twice to May.
#LongPuts #LongCalls #LongLEAPStraddles – Maybe I’m bored but here we go. Already long the 2019 160 calls so on the bounce I’m buying the put side. For simplicity I’m buying the same strike to complete the straddle.
Bought to Open FB JAN 18 2019 160.0 Puts @ 11.60
After this week 39 weeks to run so needing 30 cents per week to cover. Earnings next week but unfortunately I’ll be out that day so going out the week after since it still has a little volatility pumped into it from the announcement.
Sold FB MAY 4 2018 162.5 Puts @ 3.00 (that already covers a fourth of the long put price 🙂 )
So now long Jan 2019 160 straddles against Apr 20 165 calls and May 4 162.5 puts.
Let’s see how it goes!
#ShortPuts – Sucking up a lot of buying power in an #IRA. Not going to risk a huge selloff…
Bought to Close REGN APR 20 2018 300.0 Put @ .28 (sold for 3.20)
BTC June 60 puts @ .05, sold at 1.28
Closing Early
$SPX BTC 4/20 2570/2595 BUPS at .20 STO at 2.00 1.5X normal position size Thank you @jeffcp66
$BIDU BTC 4/20 230/240 BUPS at 5.00 STO at 2.13 This loss half off what it was last week
What do you guys think of this hashtag? #LongLEAPSStraddles ….LOL Considering adding long puts to my FB 2019 long calls and trading them both directions. Whiz is still bearish FB until Zuck gets replaced. Nice premium in both directions. Obviously not a directional play…just premium gathering until all risk is covered and then a nice weekly income.
#SyntheticStock – STO EWW Apr27’18 55 calls for 0.31. This sale is pretty aggressive I think but I’ve been holding this one unhedged for awhile, and the stock is near a previous high (resistance?)
#SyntheticStock – BTC JPM Apr20’18 115 calls for 0.03, sold for 0.28. STO JPM Apr27’18 115 calls for 0.27.
#SPXcampaign Sold the long April 27th 2745 call of my spread at 3.80. This gets me out with a cheap dinner profit. I didn’t want to get greedy. Personally I feel lucky it worked.
#SPXcampaign Closed $SPX May 4th 2760/2785 call spreads for 4.25. Sold for 1.70 on Apr 3rd.
Update:
BTC May 11th 2600 short Puts at 10.70, sold yesterday for 15.40
gain at 30%
STO May 11th 2600 at 10.60
BTC May 25th 2550 short puts at 12.50, sold yesterday at 17.70
gain at 30%
STO May 25th 2550 short puts at 11.90
Closed Fuzzy +124.25 getting too close to hedge
Closed Early
$SPX BTC 4/27 2435/2460 BUPS at .20 STO at 1.75 Thank you @jeffcp66
$BABA BTC 4/20 165/175 BUPS at 1.00 STO at 1.50
$SPX BTC 4/20 2650/2750 BUPS at 50 STO at 19 Only one contract but what a hit this contract was 😉
#spxcampaign
$SPX STO 5/18 2515/2540 BUPS at 1.60 Thank you @jeffcp66
#rolling
$MTN BTC 4/20 240 call at .12 and STO 5/18 240 call at 1.72
#SPXcampaign BTC my April 23rd 2725 call for 5.30. I will let the long 2745 run a while.
#ShortPuts #ShortStrangles – Replacing the NVDA position with this. Short term and hopefully before earnings. Stock coming out of a nice base and beautiful squeeze. Might add calls if it stays strong….
Sold ROKU MAY 4 2018 34.0 Puts @ 1.00
#ShortStrangles – Book ’em and get ready for earnings in a few weeks…
Bought to Close NVDA APR 27 2018 195.0/250.0 Strangles @ .81 (sold for 5.88)
#SPXcampaign
In pre-market, closed on GTC order: $SPX May 4th 2400/2375 put spread for .20. Sold for 1.60 on Apr 6th.
After open, sold SPX May 17th 2540/2515 put spreads for 1.60
#VXXGame VXX products plummeting. Only a few positions in trouble, more than outweighed by my short calls that are deteriorating.
BTC $UVXY Apr 27 19 put for 3.95. Sold for 1.56 on Apr 3rd.
BTC $VXX Apr 27 44.5 put for 3.60. Sold for 1.25 on Apr 3rd.
BTC UVXY Jan 2019 70 call for 1.20. Sold for 6.50 (avg price) in February. Still have several remaining.
Sold UVXY Sept 25 call for 2.27
Sold VXX Sept 50 call for 5.65
Bought VXX June 15th 30 puts for .18, adding to my position.
#Earnings Closed $NFLX Apr 20th 275 puts for .10. Sold yesterday for 3.433 (avg price).
#VIXIndicator As I discussed last month, we are in a “double-header” downside warning which is rare. Rarer still is when the second warning does not print a higher VIX high or a lower SPX low. This makes it less clear when we get an Upside Warning. If we measure from the first warning’s spike, we will get the Upside with a close below 17.76 today (which is likely). If we go with the second warning, we have to wait for three closes below 12.61.
I suspect by the time we drop to 12.61, a sustained rally will already be underway. Because of last month’s head-fake, with three closes below 17.76 leading us right into more volatility, I remain cautiously optimistic for new market highs.
Closed early
$FB BTC 4/20 140/150 BUPS at .05 STO at 1.90 on 3/27
$SPX BTC 4/20 2480 Put at .40 STO at 12.50 Thanks again @hcgdavis Last contract
$CAT BTC 4/20 125/135 BUPS at .05 STO at 1.45
#earnings
$NFLX STO 4/20 275/280/340/335 IC at 2.00
$NFLX STO 4/20 260/270 BUPS at 1.12 Thank you @thomberg1201
#spxcampaign
$SPX STO 5/18 2835/2810 BECS at 1.55 Thank you @jeffcp66
STO BMY Jan18’19 45 PUT 1.96
STO May 16, Bear call spread: 2900/3000 @.45 cents.
QQQ #Calendar Sold April 20 164 Call @ 0.80 with QQQ @ 162.79 against my 2020 long 161 Call. Missed the days top with a too aggressive order.
#CoveredCallCampaign #CoveredCalls.
On Friday, closed $SQ Apr 27th 50 call for 1.77. Strike was breached, so I closed, and then stock dropped a lot more. Today, I sold Apr 27th 46 put for 1.20. Getting this roll in before earnings on May 2nd.
Today, closed $FB Apr 27th 175 call for 1.55. Sold for 1.60 on 3/29… I believe I sold this when earnings were expected to be around May 1. Now they are confirmed for Apr 25th, and I don’t want to be in its way.
STO 4 DTE FAS 62 put at 0.73. Will take assignment if below or roll if not.
#SPXcampaign Sold April 23rd 2725/2745 BeCS for 1.80 when SPX was at 2674.08 Impeccable bad timing. 😦
#earnings #shortputspread NFLX
Sold April 20, 260/270 for 1.01
#VXXGame Hard to keep ahead of short puts once the drop commences…
BTC $UVXY Apr 27 19 put for 3.45. Sold for 1.56 on Apr 3rd.
BTC $VXX Apr 27 44 put for 2.48. Sold for 1.15 on Apr 3rd.
Closed partial positions. Will close the remainder later, probably roll into short calls, which is the side that always works.
Also, earlier, closed UVXY March 18th 25 call for .54. Sold for 3.175 in March.
#SPXcampaign Sold $SPX May 17th 2810/2835 call spreads for 1.50.
Options Bistro 