#LongCalls #LEAPS – Just noticed a fill in my little Tastyworks account…hopefully a little pop in the morning to sell next week.
Bought to Close FAS MAY 4 2018 67.0 Calls @ .05 (sold for 2.55)
Daily Archives: Thursday, May 3, 2018
Daily Recap @ TT: Market…
Daily Recap @ TT: Market Measures: SPY & VIX: Inverse Strategy Results
https://tinyurl.com/yayqpbag
STMP Earnings
#Earnings – Tough fill…
Sold STMP MAY 4 2018 200.0/260.0 Strangle @ 5.41
CAH #FallingKnife Sold $CAH Dec…
CAH #FallingKnife
Sold $CAH Dec 21 40 puts @ 1.30
PYPL
#LongCalls #LEAPS – LMAO…a fat finger finally helped me. Was so busy this morning when I sold next week’s weeklies I just noticed I only sold 1 instead of 10. Stock up nicely now so adding the rest. Makes up for some of my fat finger losers! 🙂 🙂
Half strike higher and 13 cents more…
Sold PYPL MAY 11 2018 74.5 Calls @ .81
VXX FAS
#BearPutSpreads – To make room for a FAS position in this account something has to go. Tired of looking at these so booking them. Been gradually reducing basis for awhile now so decent gains.
Sold VXX JAN 18 2019 50.0/30.0 Bear Put Spreads @ 12.80 (bought for 10.10)
Sold VXX JAN 18 2019 45.0/35.0 Bear Put Spreads @ 6.47 (bought for 6.01)
Using VXX buying power to start a half position in FAS in this account….
Bought FAS JAN 17 2020 62.0 Calls @ 14.25
Sold FAS MAY 11 2018 63.5 Calls @ .85
#PieTrades with the LMT ex…
#PieTrades with the LMT ex div approaching in a few weeks, I’m adapting the Pie Trades for assignment. Rather than sell puts, I’m selling 1×2 put ratios just to get a tad more downside. This week’s trade covered today for 78% profit. Opened a new one for next week (May11): +1 307.5 put, -2 305 put for net cr 2.06, BE is $300.44.
MU Closed my May 4th…
MU Closed my May 4th 48 Call at .05. I felt I was getting piggish and didn’t want tp get slaughtered. Been there done that.
XBI
#Fuzzy – BTC XBI May04’18 90 calls for 0.04, sold for 0.62. I haven’t had time to sell any calls for next week due to work/life, and since the market may be making a short term bottom I’m gonna wait til tomorrow. Please tell me we get a bounce.
MU #Shortput Sold May 11th…
MU #Shortput Sold May 11th 48 Call against my June 50 long call for .60. Still holding the May 4th 48 call with a day order to close at .03.
Closing NOC
Taking this trade off that I put on Tuesday for a quick 50% of the potential profit.
Bought to close $NOC Jun 15 280/270 BuPS @ .60. Sold for 1.25 on 5/1.
TQQQ, UVXY, and FDX
#LongLEAPs #syntheticstock #syntheticcoveredcall
Closed $TQQQ May 11th 165 call for .30. Sold for 1.70 on Apr 24th. Sold against the long Jan 2020 150 call. Will sell a new one when we move higher.
#VXXGame Sold $UVXY Sept 20 call for 2.75. (today)
Earlier this week, closed these for profits:
UVXY June 15th 30 call for .40 (sold for 2.125)
UVXY Jan 2019 70 call for 1.20 (sold for 6.50)
UVXY Jan 2019 65 call for 1.15 (sold for 3.50)
#Earnings #Rolling (on Monday)
Closed $FDX May 4th 237.5 put for .24. Sold for 5.55 on 4/11.
Closed $FDX May 4th 235 put for .16. Sold for 6.05 on 4/11.
SPX trades
#SPXcampaign Certainly is a difficult market for these trades as traditional stops can be hit quite often, and often on the lows. The whipsaw hit me today, but I choose to stick to my rules as the pain of going deeply underwater if the drop gets serious is much worse than the irritation of having to roll after getting stopped out on the lows.
Stopped: $SPX May 25th 2500/2475 put spreads for 3.25. Sold for 1.60 last Friday. This is the second time around on this spread… a true example of “whipsaw.” I tried to roll further down but missed my fill. Now holding off until we get a better place to sell the roll.
Stopped: $SPX June 1st 2490/2465 put spreads for 2.80. Sold for 1.75 on Monday.
#CondorRoll: Sold June 1st 2410/2435/2740/2765 condors for 2.90.
All that said, I have allowed the May 17th 2540/2515 put spread to significantly breach my stops TWICE; once last week and again today, without touching it. The vast majority of “stops” I’ve executed since early Feb have been on spreads that would have ended up expiring OTM, so I’m allowing some leeway.
Closing EXAS
Bought to close $EXAS Jul 20 30 puts @ .20. Sold for 1.65 on 2/23.
Closing AMZN
Closing one of the call spread positions I sold after earnings.
Bought to close $AMZN May 18 1700/1720 BeCS @ .57. Sold for 3.70 on 4/27.
I’m still holding the 1650/1670 BeCS for May which I’ll look to close out soon.
REGN
#SyntheticStock – This was a fun one. The aggressive roll down for the double dip #Earnings play worked great. Paying the 20 cents to get out so I can sell again while there’s still a little juice next week.
Bought to Close REGN MAY 4 2018 310.0 Calls @ .20 (sold for 5.60)
Sold REGN MAY 11 2018 300.0 Calls @ 3.40
OLED
#SyntheticStock – An old “earnings gone bad” repair trade that might actually turn into a nice winner…needs 99 cents per week. Earnings tonight so making an aggressive roll down. See if I can bring this thing back to life…
Rolled OLED MAY 4 2018 105.0 Calls to MAY 4 2018 96.0 Calls @ 1.95 credit (3.50 total now)
BABA earnings
#Earnings #ShortStrangles #CoveredCallCampaign
I’m long stock on this one. Legging into a strangle.
Sold May 4th 165 puts for .75.
Looking to sell 195 calls for .75 as stock rises off the lows.
AMZN call butterfly
This is an idea from John Carter at simplertrading.com. He bought it yesterday (a 10-lot), I’m getting a slightly better price today (for a 1-lot). Risking $275 for max gain of $2200-ish. Idea is that price will gravitate toward 1600 for the monthly expiration.
Bought to Open $AMZN May 18th 1575/1600/1625 call butterfly for 2.75.
CME
Rolled my May 11, 165 calls out to May 18, 160 calls for a credit of .95 cents. I have reduced my cost from 16.50 down to 11.73 since February 16 and have 87 more weeks to go.
Jan 2020 LEAPS
#LongCalls #LEAPS – Most new positions I have on are 2020’s. Maybe a good time to start getting the shopping list together for some more 2020s.
FAS is the one I’ll be really looking to add a 2020. Also watching XBI, XLY, and EWZ.
#optionsexpiration, early assignments, rolls, closed…
#optionsexpiration, early assignments, rolls, closed and new trades
BTC AAPL 160 put 1 DTE for 0.02. Sold for 2.18 on earnings play 🙂
TNA 69 CC rolled for 0.85 credit. Cost basis now 64.87.
TNA 55/60 #supercharger. Assigned early on the 60 so exercised the 55 to close everything out as I was short 1000 shares at 60. There were a few cents of time value left in the long call but was going to be a pain to buy back the short stock then sell the long call, although that would have resulted in full profit. Anyway made $630 total on a 10 lot or 12.3% in 14 days as it was assigned a week early. Will take it 🙂
I will be doing a lot more of these going forward but do not have any today.
The FAS trades all expired tomorrow and rolled to next week #pietrade style.
FAS 65 CC rolled to 61CC for 1.56 credit. CB now 56.36. The good premiums add up on the leveraged names and really reduce cost basis quickly. I will continue to trade many of these but may flip to bears if we really start tanking.
FAS 65 CC rolled to 61 cc for 1.56 credit. Cost basis on this batch 59.31.
FAS 65 CCrolled to 61 for 1.83 credit. Cost basis 53.91. This batch has been around the longest.
FAS 65 cc rolled to 63 for 0.80 credit. Cost basis 60.53.
FAS 65 cc rolled to 63 for 0.80 credit. Cost basis 63.14 so if assigned a $14 loss on each contract but will keep rolling. This was the most recent addition.
#supercharger AAPL 145/150 14 DTE closed for credit of 4.97, bought for 4.33 debit. Nearly full profit 2 weeks early 🙂
#pietrade STO XME 35 CC for 34.44. Roll or call out next week.
AMAT 49 put rolled to 49.5 next week for 0.60 credit. Cost basis now 48.83 and brought in 1.17 credit in 2 weeks.
We went from winter to summer, going for bike ride. Hope everyone has a good expiration. Will look for new #supercharger trades over the weekend.
I am going to be using more ETFs with the #pietrades as the volatility is putting individual names under water and taking too long to recover, GM dropped again today. As soon as I can close it out at even it is off the #pietrade list.
🙂
ADSK
#ShortStrangles #LongCalls #LEAPS – This is a repair trade and some short strangles that’s turning into a longer term position with the decent premium. Earnings not for another 3 weeks…
Bought to Close ADSK MAY 4 2018 129.0 Calls @ .05 (sold for 1.85)
Sold ADSK MAY 11 2018 128.0 Calls @ 1.00
SPY
We have broken down through the 200 day MA
FAS
#LongCalls #LEAPS – Same as SMH here…selling at the overhead 200ma. Let’s see if it holds…
Bought to Close FAS MAY 4 2018 65.0 Calls @ .05 (sold for 2.75)
Sold FAS MAY 11 2018 63.0 Calls @ .81
SMH
#LongCalls #LEAPS – Selling next week at the overhead 200ma resistance…
Bought to Close SMH MAY 4 2018 100.0 Calls @ .05 (sold for .71)
Sold SMH MAY 11 2018 98.5 Calls @ .84
CELG
#LongCalls #LEAPS – Earnings in the morning so going for the double dip. Selling at the expected move.
Bought to Close CELG MAY 4 2018 100.0 Calls @ .02 (sold for .65)
Sold CELG MAY 4 2018 89.5 Calls @ .55
LUV
#LongCalls #LEAPS – Selling new batch at the descending 20ma…
Bought to Close LUV MAY 4 2018 54.0 Calls @ .05 (sold for .40)
Sold LUV MAY 18 2018 53.5 Calls @ .60
SPX trades
#SPXcampaign
Sold to Open $SPX June 1st 2450/2425 put spreads for 1.70.
Closed on GTC order: May 25th 2795/2820 call spreads for .20. Sold last week for 1.65.
PYPL
#LongCalls #LEAPS – Didn’t get a chance to sell these yesterday. Small bounce in the first few minuts allowed a sale next week…
Sold PYPL MAY 11 2018 74.0 Calls @ .68
TSLA closed
#Earnings #ShortStrangles Closed $TSLA May 4th 265/330 strangles for .65. Sold for 3.40 yesterday.
SQ Earnings
#Earnings – Not even gonna mess with it. Take a small profit and move on…
Bought to Close SQ MAY 4 2018 48.0/55.0 Strangles @ 1.02 (sold for 1.53 net with disaster puts buy)
FAS
Rolled May 4, 67 calls to May 11, 63 calls for a credit of .94 cents
SQ #CoveredCalls Held 100 shares…
SQ #CoveredCalls Held 100 shares over earnings. Basis about 49.30. Originally assigned at 51. Sold May 11th 51 Call at 0.60. Come on Mr Market, take my stock.
SQ earnings closed
#Earnings #CoveredCallCampaign
Closed $SQ May 4th 45 puts for .15. Sold yesterday in the 45/55 #ShortStrangles for 1.00. I’ll let the calls expire.
Market
This is an ugly opening.
Options Bistro 