geewhiz112 7:30 pm on Wednesday, May 9, 2018
Tags: Rolling ( 447 ), ShortPuts ( 4,763 ), SPXcampaign ( 2,265 )

Short Puts

Closed Early
#shortputs
$WYNN BTC 5/18 170/180 BUPS at .20 STO at 2.92 Inspired by @fuzzballl
$PE BTC 5/18 30 put at .10 STO at 1.70
$NVDA BTC 5/18 190/200 BUPS at .20 STO at 2.40
$SPX BTC 5/18 2510/2535 BUPS at .30 STO at 1.70 Thank you @jeffcp66

#rolling
$LABU BTC 5/11 85 call and STO 5/11 81.50 call at 1.00 added credit. Credit up to $8.20
$SPLK BTC 5/11 108 call and STO 6/1 110 call at 1.00 added credit.

#spxcampaign
$SPX STO 5/18 2745/2720 BECS at 2.45 Finger on trigger already to BTC

#shortputs
$GOOGL STO 5/18 1047/50/1055 BUPS at 2.60 (Sold on Monday)

jdietz1954 1:35 pm on Wednesday, May 9, 2018

SVXY I sold my stock…

SVXY I sold my stock last week out (5/2) of frustration and the opportunity to put the cash elsewhere. I had bought a LEAP 30 call the day before the repricing at 3.35 back on 2/28 where upon it dropped to .30. Last week I sold a May 18th 13 call against it for 0.11. Figured I might as well since it never moves. A bit of lunch money at a cheap bistro. This stock hates me and is out to get me. At this rate I’ll be eating out of the dumpster. Argh!

jsd501 12:39 pm on Wednesday, May 9, 2018

PEP

STO October 85 puts @1.26

STO October 80 puts @.68

Thanks to Ramie for the idea

jsd501 12:23 pm on Wednesday, May 9, 2018

.TNX

Watch the yield on the ten year note.

mortlightman 12:10 pm on Wednesday, May 9, 2018

DIS

BTO May 18 99/100 BuCS .53
1/1 R:R

mortlightman 12:08 pm on Wednesday, May 9, 2018

EA

STC EA MAY 11 122/123 BuCS .96 BTO yesterday for .53

mortlightman 12:07 pm on Wednesday, May 9, 2018

SPY

BTC SPY May 11 255 .02 & May 14 255 .03 both were BuPS

fuzzballl 12:06 pm on Wednesday, May 9, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 )

CELG

#LongCalls #LEAPS – Another one getting close to fully covered on the max loss but time is dwindling. Getting a bounce here so paying the 2 cents in order to get the next one sold sooner.

Bought to Close CELG MAY 11 2018 89.0/94.0 Bear Call Spreads @ .02 (sold for .56)

Sold CELG MAY 18 2018 85.5/91.5 Bear Call Spreads @ .54

Whipsaw risk is high here and need 25 cents per week out to July expiration to break even. This has been a nearer term position I tried just to see how they trade close to the end. Would love a few more months…

thomberg1201 11:57 am on Wednesday, May 9, 2018
Tags: Earnings ( 3,108 ), IronButterfly ( 141 )

#earnings #ironbutterfly ROKU Chickened out…

#earnings #ironbutterfly ROKU
Chickened out on a straddle, sold a 25/35/35/45 iron fly/iron condor for 6.05, June 15. A straddle brings in 7.45 or so, merging Fuzzball and Mike at Tastytrade

Ramie 11:41 am on Wednesday, May 9, 2018

Closing some profitable positions into strength

BTC $PYPL Jul 20 62.50 puts @ .32. Sold for 1.30 on 2/1.
BTC $MS Jul 20 46 puts @ .25. Sold for 1.04 on 3/23.
BTC $DUST Sep 21 46 call @ .30. Sold for 2.50 on 2/27.
BTC $BIIB Jun 15 235 puts @ .81. Sold for 2.50 on 4/24.

fuzzballl 11:34 am on Wednesday, May 9, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 ), PureProfit ( 6 ), SyntheticStock ( 356 )

LUV

#SyntheticStock #LongCalls #LEAPS – If next week’s 53.5s expire I’ll officially have the core synthetic cost of 5.52 covered. That will leave the max loss of 2.50 to take care of. Since I’m not sitting at max loss yet I’m converting to plain long #LEAPS and saving .65 of recovery that would be required.

Bought to Close LUV JAN 18 2019 60.0/57.5 Bull Put Spreads @ 1.85 (better than 2.50!)

So….the new projections are this on one of my first ones to approach the land of #PureProfit .

Averaging 45 cents per week conservatively the final debit (max loss) will be covered by June monthly expiration. At that point the position will still have 31 weeks to run. From there on, assuming 45 cents per week until the end, the trade should make about 14 dollars. On a 10 lot that’s a pretty good return on something that could possibly end up well below the original starting point. This is the power of basis reduction (I hope!)

🙂 🙂

Jeff 11:20 am on Wednesday, May 9, 2018
Tags: CondorRoll ( 191 ), SPXcampaign ( 2,265 )

SPX calls stopped & rolled

#SPXcampaign First spread stopped on the highest day in $SPX since April 19th. Last time we topped at 2717. Will we break through this time? I’m using a #CondorRoll because VIX is still in Downside Warning. If we push higher than 2702, more spreads will be stopped, and I may reverse roll some.

Stopped SPX May 25th 2745/2770 call spreads for 4.35. Sold in a roll for 1.75 on May 4th.
Rolled to: SPX June 1st 2585/2610/2775/2800 condors for 4.70.

smasty 11:13 am on Wednesday, May 9, 2018
Tags: Fuzzy ( 414 )

2 of 5? It’s looking…

2 of 5? It’s looking like we’ll get 2 of 5 consecutive bars hit a 1-SD up move. I’m jumping the gun a tad and putting on a “melt up” #Fuzzy. I’m going out a little longer on this since it could still fail.
QQQ June 167/167/164 @ 2.82 debit. Prices on fuzzies have come in a lot today. No hedge, for max delta, right now. This is already up 15% since I placed it about an hour ago.

sue

fuzzballl 11:01 am on Wednesday, May 9, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 )

PYPL

#LongCalls #LEAPS – Approaching resistance but rolling a little anyway. Correcting my fat finger to get everything back together again.

Rolled 1 PYPL MAY 11 2018 74.0 Call to MAY 25 2018 75.5 Call @ .06 debit
Rolled 9 PYPL MAY 11 2018 74.5 Calls to MAY 25 2018 75.5 Calls @ .43 credit

thomberg1201 10:37 am on Wednesday, May 9, 2018
Tags: IronCondor ( 244 )

#ironcondor AMZN Sold June 15…

#ironcondor AMZN
Sold June 15 1495/1500/1710/1720 for 2.51, around 100 points either direction.

Jeff 10:36 am on Wednesday, May 9, 2018
Tags: SPXcampaign ( 2,265 )

SPX puts closed

#SPXcampaign Closed on GTC order: May 17th 2540/2515 put spreads for .20. Sold for 1.60 on April 17th.

Today’s another demonstration that I am NOT a master of timing, rolling into call spreads earlier that have now almost doubled…. as I said then, these can bowl you over quickly, which is why I rarely do them. We go much higher today and these will have to be stopped and rolled again.

VIX getting to new lows not seen since beginning of February.

Jeff 10:32 am on Wednesday, May 9, 2018
Tags: Earnings ( 3,108 ), ShortStrangles ( 716 )

EA strangle

#Earnings #ShortStrangles
Closed $EA May 11th 115 put for .05. Order in to close 132 calls for same, but did not fill and now ATM. Will wait. Strangles sold yesterday for 1.60.

Jeff 10:29 am on Wednesday, May 9, 2018
Tags: LongLEAPs ( 81 ), StrangleRoll ( 49 ), SyntheticCoveredCall ( 21 )

TQQQ roll

#LongLEAPs #SyntheticCoveredCall
Short call got breached so executed #StrangleRoll
Closed $TQQQ May 18th 160 call for 5.00. Sold for 1.60 on Friday.
Sold TQQQ June 1st 140/170 strangle for 5.00.

jdietz1954 10:20 am on Wednesday, May 9, 2018
Tags: Short ( 30 )

ERX #Short Call covered my…

ERX #Short Call covered my long stock with May 18th 40 call @ .50.

fuzzballl 9:57 am on Wednesday, May 9, 2018
Tags: Earnings ( 3,108 ), JadeLizard ( 130 )

ROKU Earnings

#Earnings #JadeLizard (sort of) – Having a great earnings season so almost decided to sell very aggressive strangles in this. Common sense took over but still staying aggressive while limiting upside risk to 45 cents with a Jade Lizard style trade…(sell puts and call spreads where the call spreads are narrow enough to eliminate or minimize up side risk).

Sold ROKU MAY 11 2018 35.0 Puts and 41.0/44.0 Bear Call Spreads @ 2.55

Eliminates most of the upside risk and brings breakeven on the put side down to 32.45 which is near the expected move and below the 20 and 50 day moving averages.

What’s the plan then? Lots of possibilities here. Stock blows out to the upside could book long calls and roll short calls into a new strangle or just sell a few puts right at the open to bring in 45 cents and get out even.

If the stock blows out to the downside could sell more calls near the short puts and wait a couple days and see what happens. Could then roll or ultimately turn this into a Jan 2020 LEAPS style position.

jdietz1954 9:55 am on Wednesday, May 9, 2018

QQQ Short call BTC my…

QQQ Short call BTC my May 11th 167 Call @ .85 when QQQ was zeroing in 167. Originally sold for .55. This is a brake above the high on 4/18.

fuzzballl 9:47 am on Wednesday, May 9, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 )

REGN

#LongCalls #LEAPS – It’s still dropping and I’m still selling. Has to bottom eventually. Fairly aggressive roll for additional premium this week.

Rolled REGN MAY 11 2018 300.0 Calls to MAY 11 2018 290.0 Calls @ 1.25 credit (4.65 total on these now)

thomberg1201 8:42 am on Wednesday, May 9, 2018
Tags: IronCondor ( 244 )

#ironcondor XOM Idea from TastyTrade…

#ironcondor XOM

Idea from TastyTrade sold June 8, 75/77/83/85 for .64

fuzzballl 8:11 am on Wednesday, May 9, 2018
Tags: BearPutSpreads ( 17 ), LEAPS ( 418 )

TSLA

#BearPutSpreads #LEAPS – Still selling against 300/200 Bear Put Spreads. Sold aggressively through earnings and continuing that until it decides where it wants to go. Rolling up this week trying for a little more premium.

Rolled TSLA MAY 11 2018 285.0 Puts to MAY 11 2018 295.0 Puts @ 1.40 credit (13.15 total on these now)

Addy 8:09 am on Wednesday, May 9, 2018

by Bobbie

Notable Earnings PM Wed:

ALB, ANGI, ATUS, AYX, BLDR, CTL, CVNA, DAR, EEP, ETE, ETP, EVH, FNGN, FNV, FOXA, FTI, FTK, GKOS, IAC, INFN, MBI, MELI, NUAN, PAAS, PBYI, PTCT, PTLA, RLJ, RNG, ROKU, RUN, SAIL, SEDG, SEP, SIEN, SNH, TROX, TWNK, WMGI, WRD, ZTO

Notable Earnings AM Thurs:

AMCX, BAM, DEPO, DUK, ENB, HIMX, KLIC, MDP, MGA, NOMD, OMI, PBH, PEGI, RDUS, SND, TGI, TRCO, UNVR, WP

Notable Earnings PM Thurs:

AL, CASA, DOX, FATE, FLS, HALO, HUBS, JAG, KTOS, NKTR, NVDA, NWSA, PPC, RDFN, SSRM, SYMC, TIVO, TTD, UNIT, WPM, WTTR, XON, YELP

Notable Earnings AM Fri:

TRI

1strangealien 8:09 am on Wednesday, May 9, 2018
Tags: SyntheticStock ( 356 )

EWW

#SyntheticStock – STO EWW May18’18 48.5 calls for 0.31

jdietz1954 7:59 am on Wednesday, May 9, 2018
Tags: ShortCall ( 5 )

MU #Shortcall Rolled my short…

MU #Shortcall Rolled my short May 11th 50 Call out and up to May 18th 52 for .09 debit. This is covered by my June 15th 50 long call. MU has pushed above the 20dma and I expect it to continue toward the 50dma at 52.

fuzzballl 7:51 am on Wednesday, May 9, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 )

ERX

#LongCalls #LEAPS – Even with my rollout the other day this thing is still approaching negative deltas. (great call by Whiz on the Iran/Trump/oil prices!). With this kind of gain on a 10 lot in a week just gotta book it and wait for a pullback or move on to something else.

Sold to Close ERX JAN 17 2020 36.0 Calls
Bought to Close ERX MAY 25 2018 39.0 Calls

Not much for weekly sales…nearly all directional gains of 1.21 per contract. I’ll say it again…playing just the LEAPS only instead of synthetic is the reason these scalps are possible.

jsd501 7:38 am on Wednesday, May 9, 2018

FB

BTC June 130 puts @.05, sold at 1.20

Jeff 7:23 am on Wednesday, May 9, 2018
Tags: Rolling ( 447 ), SPXcampaign ( 2,265 )

SPX call roll sold

#SPXcampaign Sold $SPX May 17th (monthly) 2720/2745 call spreads for 3.15. #Rolling from the spread stopped for 3.90 on Monday, with 1.6x position size. I don’t often do this type of roll on the call side, as rallies can bowl me over quickly. But it seems we’re still in a range, and these expire next Friday (am), so I will close them Thursday at latest.