Have a great (hopefully relaxing) weekend everyone.
Daily Archives: Friday, May 4, 2018
Option Expiration May 4th
Expiring #ShortPuts
FAS 63 Put
FAS 62.5 Put
ERX 35 Put
OIH 27 Put
Thanks for all the suggestions and letting me learn from you. Have a great weekend.
Options Expiration 5/4/18
#OptionsExpiration #Earnings #ShortStrangles #CoveredCallCampaign
— Expiring —
$BABA 167.5/195 earnings strangles; sold yesterday for 1.50.
$BABA 187.5 put, sold for 9.55 on Apr 19th as a roll
$SQ 55 calls
SPX stop and roll
#SPXcampaign This one went from about 2.10 to 5.10 while I had to be away from my desk today.
Stopped $SPX May 11th 2690/2715 call spreads for 5.35. Sold for 1.90 yesterday.
#Rolling to two spreads:
Sold May 31st 2570/2545 put spreads for 2.85, and
Sold May 25th 2745/2770 call spreads (1.5x position size) for 1.75
Have a nice weekend
I am done for the day and no expirations but a lot of rolls today. I am off to the gym.
OLED
I just woke up to the fact that I will be called away on my 100 shares today. I am happy to see them go.
#shortputspread ANET sold June 15,…
#shortputspread ANET
sold June 15, 210/220 for 1.55
FB
#LongPuts #LongCalls #LongLEAPStraddles – Pounding the put side while waiting for a pullback…
Bought to Close FB MAY 4 2018 172.5 Puts @ .05 (sold for 4.06)
Sold FB MAY 11 2018 177.5 Puts @ 2.70
TQQQ
STO May 18, 137.5 puts at 1.60 against my bearish fuzzy. Long the 150 puts and short the 137.5 puts.
FAS Short Call Filled on…
FAS Short Call Filled on the 64.5 call at. Now to sit back and see if it is going to pin at 64.
BABA
#LongCalls #LEAPS – Intended to be longer term but can’t give it back when it happens so fast. Only in it a week.
Sold to Close BABA JAN 17 2020 180.0 Calls
Bought to Close BABA MAY 18 2018 190.0 Calls
And had some way OTM long puts for fun….took a penny loss on those.
Sold BABA JAN 17 2020 50.0 Puts @ .29
All said and done it’s a 5.20 gain per contract. I’ll be back in on the next pullback!
TQQQ
Rolled May 4, 155 calls to May 11, 157.5 calls for a credit of 2.25, this is getting too close to getting called today.
MU #ShortCalls Sold May 11th…
MU #ShortCalls Sold May 11th 49 Call against my June 50 Call ofr .50 when MU hit 47.56
Volatility getting sold hard
VIX now at 14.90. VXX looking to get back down into the 30s.
QQQ #Leaps Sold May 11th…
QQQ #Leaps Sold May 11th 167 @.55.
FAS #Shortcalls Sold May 11th 66 Call @ .55 Trying to close out the May 4th 64.50 call for .05 Going to try .10 Might get a fill
SPX calls sold
#SPXcampaign Sold to Open $SPX May 31st 2765/2790 call spreads for 1.60.
The Fourth is strong with this one
#Earnings #Rolling already
I’ve been trying to close this for an hour but it will not stop… so I chased.
BTC $OLED May 18th 100 call for 4.60. Sold this morning for 1.50.
I also, unwisely as it turned out, closed May 18th 125 put for 27.50 (when stock was about 97.00). Sold for 26.50, avg price last month in an #ITMroll. I wanted to roll down to a 120 put on the next pullback, but that is probably out of reach now. I will continue to work this one, but probably hold off for today as it is overdone… +12%.
GUSHing
#ContangoETFs Following on a couple that @ramie77 sold a few days back…
Sold $GUSH July 45 call for 1.50
Sold $GUSH Sep 45 call for 2.75
#earnings #shortstraddle X April 26,…
#earnings #shortstraddle X
April 26, sold a May 18, 37 straddle for 4.25. X tanked, has bounced today, closed for 3.33, first day it has been profitable, currently at 34.52
TQQQ
BTC May 11, 140 puts @ 1.10, will sell May 18 puts today or next week.
SWK adding in Oct
Dropping down a strike in October.
Sold $SWK Oct 19 110 puts @ 1.25.
I am now short the following ladder:
Jun 130 puts
Jul 130 puts
Oct 115 puts
Oct 110 puts
I am going to stop selling anymore puts in this name until the 130s fall off in June (hopefully).
BABA covered call
#CoveredCalls #CoveredCallCampaign
Sold $BABA May 25th 197.5 call for 1.70.
Looking for my 187.5 put to expire worthless today… too much to ask?
Closing OLED
On the big move up, I’m getting out of my rolled position for a profit.
Bought to close $OLED May 18 100 puts @ 3.70.
Overall profit for twice-rolled position: 1.01.
UVXY
#BearCallSpreads – Doing a little house cleaning for the announcement next week that we’re pulling out of the Iran nuke aggreement (maybe)…
Bought to Close UVXY May 18 2018 Bear Call Spreads @ .06 (sold for .65 and .95 in 2 accounts)
Selling Calls (Finally!)
STO EWW May11’18 50 calls for 0.25
STO JPM May11’18 110 calls for 0.39
STO SLB May11’18 70 calls for 0.37
STO MU May11’18 50 calls for 0.27
STO XBI May11’18 90 calls for 0.45. My XBI Fuzzy is based in June so it’s pretty long in the tooth, hoping I get to close with a profit next week. Everyone cross your fingers please!
#earnings ANET Down 9%, about…
#earnings ANET
Down 9%, about $24 today
#jadelizard #ironcondor CELG Tastytrade idea…
#jadelizard #ironcondor CELG
Tastytrade idea July 20, 70/90/90/95 for 6.96 (modified from 60) , profitable above 82.82
CELG
#LongCalls #LEAPS – This should do it for me today…
Bought to Close CELG MAY 4 2018 89.5 Calls @ .03 (sold for .65)
Sold CELG MAY 11 2018 89.0/94.0 Bear Call Spreads @ .56
BABA
#LongCalls #LEAPS – Strong recovery…I may look to book this one as a quickie if the rally continues next week enough to get me to short deltas.
Rolled BABA MAY 4 2018 185.0 Calls to MAY 18 2018 190.0 Calls @ .24 credit
WYNN
#ShortStrangles – With ROKU and NVDA earnings coming up that I’d like to play I’m playing it safe and booking this one just for safety. It may pull back or it may break to the upside…I have no idea.
Bought to Close WYNN MAY 18 2018 180.0/197.5 Strangles @ 2.99 ( sold for 4.76)
SLB
#LongCalls #LEAPS – Didn’t quite get low enough today…
Rolled to next week 67.5 to 68.5 @ .02 credit
MU #ShortCall Bought to close…
MU #ShortCall Bought to close my May 11th 48 Call @ .90 when MU was at 47.46. I will reload when this surge peters. Sold it yesterday @ .50.
SMH TNA XLY
#LongCalls #LEAPS – All had aggressive sales for next week. With the rally today I rolled all of them out and up to May 18 for small debits. Brought in great premium so no problem giving a little back.
SMH 98.5 to 99.5 @ .05 debit
TNA 69.5 to 71.0 @ .31 debit
XLY 102.5 to 103.5 @ .28 debit
AAPL all-time high
And here comes BABA. Bullish day.
Awesome star wars may the…
Awesome star wars may the fourth be with you box!
SWKS
BTC May 18, 75 puts @.05, sold at 1.50
FAS FB tastyworks
#LongCalls #LEAPS #tastyworks – In a small account to get used to the platform. BTW…liking it more all the time.
Sold FAS MAY 18 2018 64.0 Calls @ 1.00
And my aggressive roll down into earnings didn’t quite work so giving a small part of the credit back…
Rolled FB May 4th 165.0 calls to Jun 1st 167.5 calls @ .27 debit
Covered Calls
#CoveredCalls #CoveredCallCampaign #SyntheticCoveredCall #LongLEAPs
Sold $AAPL June 1st 187.5 covered calls for 1.58
Sold $TQQQ May 18th 160 synthetic covered call for 1.60.
SPX roll
#SPXcampaign Every attempt to roll this lower was not filled due to market strength. So I’m ending up rolling it to a HIGHER put spread at 1.5x size. I feel comfortable doing this since we are still not far from the bottom of the recent range.
Sold $SPX May 25th 2525/2500 put spreads for 2.30. #Rolling from May 25th 2500/2475 puts stopped yesterday.
TRTN
#shortPuts Bought to close May 18 30 puts @ .25 sold on Apr 19 @ 1.25, 80% profit, will reload later.
QQQ #Short Calls, #Fuzzy Bought…
AAPL earnings closed
#Earnings #CoveredCallCampaign
I was trying to exit the calls for pennies yesterday but not filled, and now the Oracle has AAPL bulls on a rampage.
Closed $AAPL May 4th 180 calls for .46 (today), and 160 puts for .02 (on Wednesday). #ShortStrangle sold for 1.27 on Tuesday.
STMP Earnings
#Earnings – Wish they were all like this…in the position for a grand total of 1 minute and 45 seconds of “open market” time. LOL!
Bought STMP MAY 4 2018 200.0/260.0 Strangle @ .10 (sold for 5.41)
April Jobs report
#Jobs Fewer than expected jobs added, but lowest UE rate since 2000, and wage growth sluggish.
+164,000 non-farm payroll jobs, vs 192K expected
Unemployment falls to 3.9%, lowest since 2000
U6 unemployment at 7.8%, down by .2 and lowest since 2001
Wages up 0.15%, reflecting 2.6% annualized, down from last month
Labor force participation 62.8%, down 0.1
Mar revised up from 103k to 135k
Feb revised down from 326k to 324k
Options Bistro 