Another lesson in not trading…

Another lesson in not trading naked calls/strangles in individual names. ANDV most recently TSO is up 24 points in the last 3 days. Apparently buyout by marathon oil.

#jadelizard trades for individual names, strangles only in indexes………

I had a strangle briefly a few weeks ago as a recovery, good thing I unwound it. I will take lucky over good some days!!

MYL #FallingKnife Just saw that…

MYL #FallingKnife
Just saw that I got filled on this:
Sold $MYL Oct 19 30 puts @ .76


#LongCalls #LEAPS – Filled 10 seconds before the close. No time for the triple dip but the double dip paid off. Second batch this week…

Bought to Close PYPL MAY 4 2018 75.0 Calls @ .05 (sold for .50)

SPX calls closed

#SPXcampaign Closed on GTC order: $SPX May 17th 2775/2800 call spreads for .20. Sold for 1.55 on April 20th.


SQ earnings

#Earnings #ShortStrangles #CoveredCallCampaign
Sold $SQ 45/55 May 4th strangles for 1.00. Leans slightly bullish. I am also long the stock so some of the calls are covered.
Biggest UP move: 14.0%, Biggest DOWN move: -21.7%, Average move: 8.2%.
Stock at 48.50 at time of fill, strikes are +13.4% and -7.2% OTM.

SQ Earnings

#Earnings #ShortStrangles – A little early…stock has pulled back a little. Bought some cheapie puts at twice the expected move just in case something crazy happens. Also, this is half size in case I need to convert it to a LEAPS position eventually.

Sold SQ MAY 4 2018 48.0/55.0 Strangles @ 1.57

Bought SQ MAY 4 2018 38.0 Puts @ .04


#ShortStrangles – This thing started out in trouble almost from the beginning. Rolled calls down a couple times and ended up with a straddle. A little bounce back gets me out with good profit. Closing this to make room for SQ earnings. If that works out then I’ll get another shot at ROKU next week with their earnings.

Bought to Close ROKU MAY 4 2018 34.0 Straddles @ 1.23 (sold for 2.20)