SQ #ShortPuts Sold May 18th 54 Puts @ 0.95 when SQ was at 54.81. AH doesn’t look promising though.
Daily Archives: Thursday, May 10, 2018
3-of-5, got it!
Today we achieved 3-of-5 bars in SPX with a greater than 1-standard deviation up move. As a reminder, at the end of last year I began looking for patterns on standard deviation pricing for crash probability. I found a rolling score of 6-8 1SD up moves in a rolling month began to prescribe danger (manic buying). After our Feb crash I went back to 1987 looking again for a pattern that historically would lead us out of post-crash chop into a fresh trend. I found that 3-in-5 consecutive bars with a 1SD up move was the right pattern for which to watch. It’s taken a long time to get here, now it’s time to prove it out.
I have a mix of 1×2 put spreads, fuzzies, and naked puts sprinkled around to take advantage of, what I hope is, a fresh bull trend.
Sue
Rally time?
#Market SPX daily squeeze fired long, and 3 of the last 5 closes were over 1 SD. That’s two out of three signals that the rally will continue… #VIXIndicator didn’t quite make it low enough.
#putspreads NFLX ANET Closed these…
#putspreads NFLX ANET
Closed these put spreads making about 2/3 from each, NFLX, May 18, ANET June 15.
#earnings #shortstrangles YELP Sold June…
#earnings #shortstrangles YELP
Sold June 15 41/55 for 1.40. YELP can move big, currently hovering around 48.
#shortputs SIG Sold June 8,…
#shortputs SIG
Sold June 8, 35 put for 1.17, earnings are June 6, premium seems elevated for the June 8 expiration. currently at 38.42
FAS
BTC 63,63,61 Fuzzy and made a small profit after it was all said and done. There is not enough liquidity in that one for me.
#shortcallspreads SPY Sold June 15…
#shortcallspreads SPY
Sold June 15 , 278/283 for .88, hope my c’s don’t get rolled over too.
TQQQ bearish trade
I rolled my May 18, 137.5 puts up to the May 18, 150 puts for a credit of .45 cents.
XBI
#Fuzzy – Closing down my Fuzzy while the gettin’s good, BTC XBI May11’18 90 calls and STC XBI Jun’18 88/88/86 fuzzy, all said and done I made 1.30 per contract on the trade. That’s the good news, the bad news is that all of my other short calls have been runned the hell over this week, got some rolling to do when the boss ain’t lookin.
CELG
#CoveredCalls – Small position in an #IRA. Basis now 94.20 so scratching out a couple bucks while waiting for some sign of life.
Bought to Close CELG MAY 18 2018 95.0 Calls @ .04 (sold for 1.42)
Sold CELG JUN 22 2018 94.0 Calls @ .48
No one got my “Mowing down” reference?
A little 90’s nostalgia, anyone? (skip to 3:15 for the reference, if you ain’t into the beat)
Covered Calls
#CoveredCalls #CoveredCallCampaign #Rolling
It’s all fun and games until you get blown out to the upside. It’s a nice problem to have, however, as stock holdings nice for the portfolio.
BTC $BABA May 25th 197.5 covered call for 4.95. Sold Friday for 1.70.
#StrangleRoll Sold BABA Jun 8th 190/207.5 strangle for 5.28.
BTC $FB May 18th 180 call for 5.72. Sold in a strangle-roll after earnings for 1.40. I don’t know how I missed this one going so far ITM this week. Confusing with FB, AAPL, and BABA all near the same price.
STO $FB June 8th 180 put for 2.40. Waiting to sell call.
BTC $FB May 18th 165 put for .07. Sold after earnings for 1.50.
BTC $SQ June 1st 52.5 call for 2.75. Sold for 1.35 on Monday
STO $SQ June 8th 56 call for 1.88
STO $SQ June 8th 50 put for 1.05
VXX gamin’
#VXXGame Bought some cheap protection for future call sales… doing so also gives me more buying power against current positions. All highest strikes.
BTO $VXX June 15th 70 call for .20
BTO $VXX July 20th 90 call for .25
BTO $UVXY June 15th 60 call for .07 (adding)
BTO $UVXY Sep 59 calls for .26
And took profits:
BTC UVXY Sep 30 call for .79. Sold in March for 3.425 (avg price)
FB
#LongPuts #LongCalls #LongLEAPStraddles – Gonna continue pounding the put side while waiting for a pullback. I may end up getting put and call LEAPS paid for in a month just selling near the money puts on this rise. Rolled this one up multiple times last two weeks.
Bought to Close FB MAY 11 2018 182.5 Puts @ .20 (sold for 3.95)
Sold FB MAY 18 2018 187.5 Puts @ 3.22
17.50 premium received in 4 weeks. The combined cost of LEAP calls and puts was 30.00. Still 35 weeks to run. Would enjoy a pullback to get the call side involved again. Until then I’ll be gradually rolling the ITM calls up and out.
EDIT: Rough numbers on the sales. I’ll catch up over the weekend…
SPX trades
#SPXcampaign
Stopped: $SPX May 18th 2725/2750 call spreads for 7.85. Sold for 3.65 as a roll on Monday.
Stopped: $SPX May 31st 2765/2790 call spreads for 4.85. Sold for 1.60 last Friday
#ReverseRoll: Sold June 1st 2675/2650 put spreads for 4.40.
Closed June 1st 2435/2410 put spreads for .20. Sold in a #CondorRoll for 2.90 on last Thursday.
That leaves only one short call spread that is almost at its stop level.
Short VXX
With the $VIX retreating and $VXX possibly back on its ride to zero, I am going short VXX via a put spread in June.
Bought $VXX June 15 37/32 bear put spread for $2.40 debit. I’m looking to take this off for a 50% profit (closing for around 3.60).
NVDA earnings
#Earnings Followed @fuzzballl‘s cue but made it a broken-wing condor… more down side risk.
Sold $NVDA May 11th 237.5/242.5/272.5/275 condors for 1.65. Downside risk 3.35, upside risk .85. Call me crazy, but I’m assuming a more muted move since stock is extended but it rarely moves bearishly on earnings.
Biggest UP move: 29.8%, Biggest DOWN move: -7.4%, Average move: 10.9%. Strikes are +/-5.8% OTM.
SVXY
BTC January 60 puts @46.90 on a small portion of the puts that I have not been assigned yet. I am using the profits I make to cover the loss on these trades when I can. I think it will take about 2 years to cover the loss on my SVXY trades.
ERX Fuzzy
I rolled my May 11, 37.5 calls to May 18, 37.5 calls for a credit of .42 cents. I need only .12 cents per week to pay for this trade so I am getting an extra .30 cents even though I could not get a higher strike price.
NVDA Earnings
#Earnings – Not sure what this is called. Skewed iron condor maybe? I’m looking at it like a #JadeLizard with a disaster put. Selling at near the expected move on each side but with no upside risk and a disaster put just in case.
Sold NVDA MAY 11 2018 242.5 Puts and 272.5/275 Bear Call Spreads @ 2.72 (Jade Lizard)
Using some of the extra 22 cents to buy disaster puts 20 points below the sold put. If this stock misses earnings by a mile it could really implode (guessing).
Bought NVDA MAY 11 2018 222.5 Puts @ .17
Net credit of 2.55 with zero upside risk. If it implodes I’ll look to roll the puts or move it all into a #LongCalls #LEAPS type trade.
EDIT: What do I want the stock to do? As little as possible! Just like a strangle…stay between my short strikes…
Mowing down My C’s like I’m mowing a lawn
#SPXcampaign My calls are getting killed one at a time… reverse rolled one, waiting on the others.
Stopped: $SPX May 17th 2720/2745 call spreads for 7.15. Sold yesterday for 3.15.
#ReverseRoll Sold May 25th 2700/2675 put spreads for 7.60.
Stopped: June 1st 2760/2785 call spreads for 3.90. No roll yet. Sold on May 3rd for 1.75.
Closed SPX May 25th 2525/2500 put spreads for .35. Sold as a roll for 2.30 on May 4th.
Closed on GTC order: June 1st 2450/2425 call spreads for .20. Sold for 1.70 on May 3rd.
UPS
NVDA Earnings
#Earnings – Haven’t done anything yet. Kinda busy moving my daughter today. This stock is completely out of control so is it a “sell the news”? Not sure but looking at big wide strangles for now or possibly another #JadeLizard with the 2.5 wide strikes available.
MU Sold to open May…
MU Sold to open May 11th 53 Call against my long June 50 call.
MU
STC 51/53 BuCS from a Calendar entered Apr 23 Net +39.00
After a few Diag CC’s
a profit is a profit, was a loss until yesterday.
MU BTC May 18th 52…
MU BTC May 18th 52 Call @ 1.67 on the breach of 52 but I was late getting to order off. Need to master patience and have faith. There is time.
NUGT
#LongPuts #LEAPS – Been in this one for awhile and it really never has worked. Little rally today gets it back to close to even so bailing. May look at it again on a spike back to the mid 40’s.
Sold to Close NUGT JAN 18 2019 32.0 Puts
Bought to Close NUGT MAY 18 2018 28.0 Puts
Glad to be done with it. All said and done a loss of 16 cents per contract.
TQQQ Fuzzy
BTC May 11, 157.5 calls and STO May 25 162 calls for a credit of .10 cents. Not much premium but I did pick up 4.50 points.
Can we get bullish yet?
#Market Watching multiple indicators today… the SPX daily squeeze may fire long; Sue’s 3-out-of-5 day 1 SD indicator may fire, and the #VIXIndicator is poised to cancel the Downside Warning if we close at 12.61 or lower.
ROKU again…
#ShortPuts – Still a little bit of juice in these. Let’s see if the breakout holds. Not doing anything on the call side since we could wake up any day and see they’re being bought out for 50 bucks.
Sold ROKU JUN 8 2018 33.0 Puts @ .85
Good Morning
Good Morning
ROKU Earnings
#Earnings – In and out and forget about it. On to NVDA now…
Bought to Close ROKU MAY 11 2018 35.0 Puts and 41.0/44.0 Bear Call Spreads (Jade Lizards) @ .48 (sold for 2.55)
Bought to Close ROKU MAY 11 2018 31.0 Put @ .05 (sold for .60)
Options Bistro 