STC January 2019 Bearish Fuzzy. Bought for 27.50 and STC for 29.55
STC 165 puts
BTC 165 calls
STC 170 calls
BTC April 20145 puts
Monthly Archives: April 2018
#shortstrangles EWZ TastyTrade idea, sold…
#shortstrangles EWZ
TastyTrade idea, sold May 18, 42/47 strangle for 1.78
XBI
#SyntheticStock – Looks like it’s easing below the 200ma so I’m selling just above it…
Bought to Close XBI APR 6 2018 89.0 Calls @ .06 (sold for .83)
Sold XBI APR 13 2018 86.0 Calls @ 1.05
AZO
#BullCallSpreads – Letting this week’s expire so selling next week…cost basis reduction in the Jan Bull Call Spread…
Sold AZO APR 13 2018 640.0/670.0 Bear Call Spread @ 2.55
REGN
#SyntheticStock – With the weak market I’m rolling this thing back in and down. Hopefully can get it off the books a week sooner freeing up an extra sale.
Rolled REGN APR 20 2018 350.0 Calls to APR 13 2018 340.0 Calls @ .36 credit
#shortputs AMAT Sold April 20,…
#shortputs AMAT
Sold April 20, 50 put for .76
TSLA
#ShortStrangle – Had a one lot strangle where I closed the put side as the stock started imploding. Continuing to sell the call side while waiting to add the put side back in at some point.
Sold TSLA APR 13 2018 290.0 Call @ 1.45
PYPL
#SyntheticStock – Going out another week…
Bought to Close PYPL APR 6 2018 78.5 Calls @ .05 (sold for .80)
Sold PYPL APR 13 2018 76.0 Calls @ .94
LUV
#SyntheticStock – Order in to cover this week’s at a nickel. Selling next week into the tiny up move…
Sold LUV APR 13 2018 56.0 Calls @ .68
VXX
#BearPutSpreads – Selling against my Jan 2019 50/30 Bear Put Spreads….trying to gradually cover the debit.
Sold VXX APR 13 2018 46.0/41.0 Bull Put Spreads @ .63
OLED
#SyntheticStock – Selling well below the core but still bringing in enough to cover the repair of an old earnings strangle. Double sale with this week’s still running…
Sold OLED APR 13 2018 103.0 Calls @ 1.95
CRUS
#SyntheticStock #LongCalls – If I can close for a nickel on Mon or Tue and get next week’s sale going it’s well worth it to pay up I think…
Bought to Close CRUS APR 6 2018 43.5 Calls @ .05 (sold for .50)
Sold CRUS APR 13 2018 40.5 Calls @ .65
XLY
#SyntheticStock – I’m going to keep aggressively selling the rips for at least another week especially while premiums are so juicy…
Bought to Close XLY APR 6 2018 103.5 Calls @ .05 (sold for .73)
Sold XLY APR 13 2018 100.5 Calls @ .93
VXX this morning
#shortputspread AAPL Tradewise recommendation, April…
#shortputspread AAPL
Tradewise recommendation, April 27, 160/162.50. They see earnings on April 30 as supporting the price that has dropped 10%.
XBI
#Fuzzy – BTC XBI Apr06’18 91 calls for 0.04, sold for 0.46. Leaving my synthetic position unhedged for now (although waiting has not worked well lately!)
Could more pain help?
I thought this was an interesting view on the current #Market
SPX trades
#SPXcampaign Spent the morning doing mostly the reverse of yesterday… putting on call spreads and taking off put spreads.
Closed $SPX Apr 6th 2475/2450 put spreads for 1.30. Sold yesterday for 2.20.
Sold Apr 6th 2650/2675 call spreads for 3.65
Bought to Open Apr 13th 2450/2425 LONG put spreads for 2.30.
Sold May 4th 2760/2785 call spreads for 1.70.
Stopped Apr 27th 2460/2435 put spreads for 3.80. Sold Thursday for 1.75.
#ReverseRoll Sold Apr 13th 2670/2695 call spreads for 3.75.
AMZN
STO April 20, 1050/1100 bull put spread @ 1.20
Looks like I was too early on this one.
#supercharger this is the ITM…
#supercharger this is the ITM vertical debit spreads.
The adjustment to ERX yesterday is already paying off. With only a 0.24 increase in ERX, the long has gained and the short has decreased in time value so overall profit $750 on 10 contracts. Technically it is now a #fuzzy and that appears to be the way to adjust one that goes against you quickly and easily. Of course it has already moved through my short strike but will be easy to roll next week and have 41 weeks left of selling now to reduce cost basis. In 8 weeks should be a risk free trade.
Of all my positions yesterday, this one was the least underwater even though it was the biggest down percentage wise.
I will keep experimenting with these through all market conditions and see what is the best way to adjust them, what is the ideal time to put them on, and which conditions are ideal for them.
Will keep you posted as to how they work out longer term but think this may be a very viable trading idea. I may even buy the course, only $39 to see what the official recommendations are but with the trading brain power we have here I think we can figure it out! I also don’t think the course goes into adjusting, I think they just take them off at a set loss point.
#shortputs FEYE Rolled April 20,…
#shortputs FEYE
Rolled April 20, 17 put to May 4 for .40
Good Morning
Good Morning
VXX part 2
Sold $UVXY Apr 20th 26 calls for 1.45
Closed UVXY May 18th 20 call for 4.00. Sold for 2.50 on March 19th. This is my only position ITM. Closed one today and will close the other, and roll them to Sept higher strike.
Bought $VXX May 18th 30 puts for .05. I already had a couple of these; looking like a loss but why not add a handful more to make it a lottery ticket?
SPX calls closed
#SPXcampaign Closed $SPX April 13th 2745/2770 call spreads for .50. Sold in a #CondorRoll for 6.30 on 3/26… the call side was sold for 2.95.
#shortputs CRUS On March 16,…
#shortputs CRUS
On March 16, on a Motley fool recommendation(to buy the stock, not the option), I sold an April 20 40/45 put spread, just threw the 40 dollar, 40 put in for margin purposes, the short put being 1.85. My timing was impeccable as CRUS illogically is now at 38.75. I rolled the short 45 to June for a credit of 1.08, sold the April 40 long put for 2.35, staying naked on the June 45 short put. Of course, if CRUS was a buy at 45….
On the bright side…
Market Seasonality: April has closed green for the $SPX in 11 of the last 12 yrs w/ avg $SPX return coming in at 2.3%. Worth noting that Energy in April closed green in 7 of the last 10 yrs for an avg return of 3.71%.
— Stephanie Link (@Stephanie_Link) April 2, 2018
Another Downside Warning possible?
#VIXIndicator We exceeded 25% above Thursday’s close which is an additional signal. Secondary signals/warnings like this can sometimes signal a bottom, but it’s impossible to be sure. For those keeping track on this double-header correction:
1/16: First signal of trouble ahead/cancel Upside Warning
1/26: SPX high
1/29: Downside WARNING
1/30: 2nd warning
2/2: 3rd warning
2/5: six warnings in one day (a record)
2/9: SPX low
2/23: downside warning canceled
2/28: New downside WARNING
3/22: 2nd and 3rd warnings
Today: SPX lowest since 2/9
ETP
#ShortPuts
STO May18 16 puts @ 1.20
TQQQ
STO January 2019, 55 puts @4.70
Thanks to Fuzzball for the idea. I think I am going to stop selling puts or doing anything until I feel we have reached a bottom.
Who broke the market today?
#pietrades and rolling with some good premiums.
ANDV rolled 11 DTE 95 put to 25 DTE 93 put for 0.25 credit. Cost basis 90.78 if assigned.
NSC rolled 11 DTE 131 put to 25 DTE 128 put for 0.32 credit. CB 126.63 if assigned.
I will probably #jadelizard these if we get a bounce in next few days and also UTX but want better prices on a rebound.
ERX 21/26 4 DTE under water. Still some time value in the short option so will wait and roll later in the week. I will likely #fuzzy it to the Jan 19 call 20 strike, then just sell weekly options against it. With 41.5 weeks left would only need 0.19 per week to scratch the trade to zero so will probably sell OTM to give it a little room. I can roll the long option out and down for 4.15 right now and gain 41 weeks. 2-3 strikes oTM usually brings in 0.6-1 each week so this could be a good longer term trade.
Actually as I am typing this ERX going to parity, will roll it now.
New trade is a #fuzzy Jan 19 call 20 strike, rolled for 4.25 debit and the short 26 call rolled to next week 25.5 for 0.45. Total CB now 8.22 for 10 contracts. Work it down each week from here.
Trade wars should spike the price of commodities including oil so this should rebound.
SPX
BTO May 18 2770/2790 1.55 & 1 for 1.50
A Jeff trade, looking for a big run up. When I can cash out I will close 1 and let 1 run if conditions warrant
VXX gamin’
#VXXGame Sold $UVXY Apr 20th 25 call for 1.47.
BTC $UVXY Apr 20th 14 puts for .11. Sold for 1.05 on Mar 20th.
BTC $VXX Apr 13th 38.5 puts for .04. Sold for 1.10 on Mar 20th.
SPX puts sold
#SPXcampaign Sold $SPX Apr 6th 2475/2450 put spreads for 2.20. This is the spread I took profits on this morning, closing for .55. Now I’m using same strikes again for a new trade.
TQQQ
STO January 2019, 70 puts @6.90 with stock at 131
UVXY
#BearCallSpreads – Going up and out to Sep for this one…
Sold UVXY SEP 21 2018 30.0/40.0 Bear Call Spreads @ 1.20
#shortcallspreads TSLA Sold April 20…
#shortcallspreads TSLA
Sold April 20 290/300 for 1.18
SPX calls closed
#SPXcampaign
BTC $SPX Apr 19th 2820/2845 call spreads for .25. Sold for 1.95 on Mar 21st.
BTC $SPX Apr 19th 2825/2850 call spreads for .20. Sold for 1.65 on Mar 19th.
Whipsaw carries on
#SPXcampaign $SPX It was nerve-wracking selling calls on Thursday, but this approach is what’s needed with a VIX that can’t get far away from 20.00 in either direction. I closed out my Apr 6th spreads (the calls much too early), and now looking to pick the intraday low to add another put spread.
BTC Apr 6th 2725/2750 call spreads for 1.35. Sold for 3.25 on Thursday.
BTC Apr 6th 2475/2450 put spreads for .55. Sold for 2.80 on March 23rd.
STO May 4th 2400/2375 put spreads for 1.70.
Econ Calendar for week of 4/2/18
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Good Morning
Good Morning
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