geewhiz112 6:33 pm on Monday, May 14, 2018
Tags: Earnings ( 3,108 ), Rolling ( 447 ), ShortStrangles ( 716 ), SPXcampaign ( 2,265 )

Catching Up on Monday

Out all day for a golf outing. Weather great. golf needs improvement.

Closed Early
$SPX BTC 5/18 2750/2725 BECS at 10.50 STO at 2.70
$TSLA BTC 5/18 350/340 BECS at .05 STO at .90
$GOOGL BTC 5/18 1047.50/1055 BUPS at .10 STO at 2.60
$AAPL STC 6/15 165/180 BUCS at 14.00 BTO at 6.25
$NFLX BTC 5/18 300/310 BUPS at .30 STO at 1.95 Closed half of position

#rolling
$SPLK BTC 6/1 110 call and STO 8/17 120 call for 1.30 debit. Gained $10 on call price but stock spelunked

#spxcampaign
$SPX STO 6/15 2585/2610 BUPS at 1.65 Thank you @jeffcp66

#earnings #shortstrangles
$A STO 65/75 strangle at .78 Thank you @jeffcp66 Put side will need watching

hcgdavis 6:10 pm on Monday, May 14, 2018
Tags: pietrades ( 240 )

Directional tweak to #pietrades. Less…

Directional tweak to #pietrades. Less adjusting, faster and larger profits. Not going full directional but I am using a 4 hour chart with all my technical indicators to improve the probability of the trade working out. 4 hour charts seem to predict the next week expiration fairly well.

Example below is of IBB. I sold the 104.5 put for 1.15 on Friday. If you notice, it was coming off support and had just signaled a buy signal, confirmed on 3 indicators. Not that they can’t be wrong but they are fairly accurate. Perfect time for a close to the money or even ITM put sale. In retrespect I should have sold ATM.

The second chart is MAR which I sold a put on today. Normally a chart like this I would sell an ITM CC with the expectation that it would pull back. I could then roll the call to the next week for additional income. Today I had exactly 8 minutes for lunch and it was quicker to sell the put. So my logic is that it will pull back a few points but looking ahead to next week if assigned at 139 = 137.90 cost basis, I can immediately sell the 138 call for 1.75-1.9 for 4 DTE or 2.35-2.55 for 11 DTE to gain additional cash and dropping cost basis another 1-2 points. Sometimes by looking a week or 2 ahead you can see in advance how to manage the trade if it ends up ITM. My hip is to be just barely assigned, then roll to CC until called away. Then rinse and repeat.

smasty 1:58 pm on Monday, May 14, 2018
Tags: pie ( 5 ), pietrades ( 240 )

5/14 Trades

Happy Monday everyone!
AMZN: #PieTrades sold May 18 1600 put for $11.15 (last week received full profit of $1071 on a CC)
CVX: Daddy loves his dividends. Bought him some shares for 5/17 $1.12 div this week (@130.23) sold May 25 133 call for .41, will watch to be sure I stay out of the danger zone on the short call w/ div this week. Playing oil shares for div’s has bit me in the past, but he just really really loves dividends, much as I try to explain reality to him.
TSLA: Added @fuzzballl ‘s trade to balance out the short I have on it (Jan 2020 290/390 bull spread with June 1 310 short call). So much drama envelopes this stock, having both sides on sounds good to me. TSLA is like that famous “Daughter/Sister/Daughter/Sister” scene from Chinatown. $100, no $500, no $100, no $500. 🙂
BABA: 1×2 spreads for this week closed for 70-95% profit, added naked puts for friday 197.5 strike for 1.91 cr for #pietrades assignment
GRUB: A top IBD stock, sold puts for Friday 101 strike @ 1.50 cr for #pietrades assignment
MU: Added a new Fuzzy: Jan 19 55/55/47 @3.69, May 18 55.5 call @
SEDG: IBD50 new #1, closed ITM naked puts from last week for 82% profit. It only has monthlies.
SPY: A bunch of 1×2 put spreads closed at the open for 70-80% profit. Added in a few Wed naked puts for #Pie assignment. 273-274 strikes for .71-1.09.

That’s about it for today
sue

jdietz1954 1:33 pm on Monday, May 14, 2018
Tags: LEAPS ( 418 ), pietrades ( 240 )

Afternoon all Catching up with…

Afternoon all Catching up with positing. #Pietrades, #Leaps,
Bought to close my SQ 54 Put for 0.87. Originally sold for .95 on 5/10. Tried to sell a 53 Put at 0.55 but no dice. Try
again tomorrow. I felt the 54 Put was too high and I wanted a lower strike in case this pulls back more.
Created a covered call on ROKU in a back-ass-ward way. Meant to sell a MU call and had ROKU loaded (Hey they both end in U). So sold ROKU 37 Call @ .68 and followed this by underpinning (Is that the opposite of covering) with stock at 36.39.
Did get the MU May 18th 54.50 call sold for .50.
BTC my ERX May 18th 38 Put @ .30. Originally sold for .88 on 5/09. Will look to reload.
AAOI Sold to open May 18th 31.50 Put @ .50
#Leaps
Sold ERX May 42 Call for .45
Sold QQQ May 18th 172 Call @ .40.
BTC SVXY May 18th 13 Calls @ .46. No premium or clear way to manage this with weeklies.
And that’s all the damage for one day. Have a great evening.

Jeff 12:54 pm on Monday, May 14, 2018
Tags: LongLEAPs ( 81 ), StrangleRoll ( 49 ), SyntheticCoveredCall ( 21 )

TQQQ & SQ rolls

#LongLEAPs Closed $TQQQ June 1st 170 #SyntheticCoveredCall for 6.00. Sold in a #StrangleRoll on May 9th.
Sold $TQQQ June 8th 157.5/177.5 strangle for 6.30.

Closed $SQ June 8th 56 call for 1.60. Sold for 1.88 last Thursday. Will wait to roll on the next move up.

thomberg1201 12:22 pm on Monday, May 14, 2018
Tags: Rolling ( 447 ), ShortCallSpreads ( 91 )

#shortcallspreads #rolling TSLA Closed May…

#shortcallspreads #rolling TSLA
Closed May 18, 300/315 rolled call spread, made $39. I had a couple chances over the last 2 weeks to close, held out for more, settled for less but salvaged a small gain as TSLA drops.

fuzzballl 11:29 am on Monday, May 14, 2018
Tags: BearCallSpreads ( 123 )

UVXY

#BearCallSpreads – Starting to run low on inventory…

Bought to Close UVXY JUN 15 2018 25.0/35.0 Bear Call Spreads @ .06 (sold for .81)

EDIT…just noticed only a partial fill on this lot.

fuzzballl 11:19 am on Monday, May 14, 2018
Tags: BearPutSpreads ( 17 ), BullCallSpreads ( 26 ), LEAPS ( 418 )

TSLA

#BearPutSpreads #LEAPS …adding #BullCallSpreads now. Trading both sides with the great premium. Using 2020’s for the call side.

Bought TSLA JAN 17 2020 300.0/400.0 Bull Call Spreads @ 34.00 (2019’s were nearly 30.00 so went 2020)

87 weeks to go so need 39 cents per week or 97 cents to cover max loss with a year to go…if TSLA really tanks I’ll probably book the winner on the short 400s.

So:

Sold TSLA JUN 1 2018 312.5 Calls @ 4.70

hcgdavis 10:53 am on Monday, May 14, 2018
Tags: pietrade ( 143 ), pietrades ( 240 ), SPYcraft ( 95 )

Found a few for the…

Found a few for the weekly #pietrades that expire this Friday.

BTC IBB 104.5 puts for 0.25. Sold Friday for 1.15, thanks mr market

#spycraft SPY 25 DTE 265/262 put credit spread for 0.24. Waiting on call side until the manic buying stops.

STO AAL 42.5 puts 4 DTE for 0.53 credit. Cb 41.97 as long as @fuzzballl stays off the throttles, fly slow!

STO MAR 4 DTE 139 puts at 1.1 for cb 137.9 if assigned.

GM 38 CC 2 weeks rolled out 25 dte to 37.5 for 0.32 credit. Cost basis 37.72 and if it is above 37.5 they can have it. Just want the cash out so can trade other tickers.

STO MU 4 DTE 52.5 put for 0.86 cb 51.87 if assigned.

STO 4 DTE AMAT 55 put for 0.98. Cb 54.02 if assigned.

Usually not that active on a Monday but had a ton of expirations on Friday and since IBB gave me a gift was able to double down on MAR doubling my usual cash income 🙂

Now I sit on my hands until Thurs. or Friday.

#pietrade

jsd501 9:51 am on Monday, May 14, 2018

TQQQ-bear trade.

BTC May 18, 150 puts and sold the June 29 puts for a net credit of 4.30 but these expire in January 2019. I have reduced the cost of the trade from 28.10 down to 19.38 so the premiums are great so far.

tabortrader 9:48 am on Monday, May 14, 2018
Tags: FallingKnife ( 963 ), ShortPuts ( 4,763 )

LB puts closed

#FallingKnife #ShortPuts BTC LB Jun 15 30 puts at .55, STO May 10 at 1.35. Taking 60% profit early. Thanks @optioniceman

jsd501 9:31 am on Monday, May 14, 2018

ANET

BTC June 165 puts @ .05, sold at 2.45

mortlightman 9:29 am on Monday, May 14, 2018
Tags: Bitty ( 78 )

ALL

BTO May 18 95/92.50 Puts .41 #Bitty
Another sell from Shadow Trader

thomberg1201 8:37 am on Monday, May 14, 2018
Tags: FallingKnife ( 963 ), ShortPuts ( 4,763 )

#shortputs #fallingknife SYMC Friday was…

#shortputs #fallingknife SYMC
Friday was the day for selling puts in SYMC when it dropped about 10 on internal audit shenanigans, but today sold a June 15, 20 put for .58. This is a Tradewise covered call stock that has brought in $430 in premium and dividends since last August when it was initiated at 28 and change.

fuzzballl 8:22 am on Monday, May 14, 2018

TSLA

Amazing it’s holding up this well. Saw over the weekend some top talent leaving and/or taking extended leaves….and this:

https://www.digitaltrends.com/news/tesla-model-s-crashes-into-fire-truck-in-utah-at-60-mph/?utm_source=sendgrid&utm_medium=email&utm_campaign=daily-brief

mortlightman 8:10 am on Monday, May 14, 2018
Tags: Bitty ( 78 )

IWM

BTO IWM May 18 160/157 Puts .71 looking for a pull back per ShadowTrader
#Bitty

14m
ShadowTraderPro Swing Trader Advisory – IWM – Short the Stock
mytrade.com/profile/status…

fuzzballl 8:00 am on Monday, May 14, 2018
Tags: LEAPS ( 418 ), LongCalls ( 495 )

Rolling….

#LongCalls #LEAPS – A lot of rolling this morning. Out to July for the ones deep in the money. Others not quite so far. Some small debits but no problem with all the premium received so far. On the bright side most of these are trading above the LEAP strike so most of these calls are similar to trailing stops giving some downside protection. On a big pullback these could easily be rolled back in and down.

CELG: May 18th 85.5 to May 25th 86.5 @ .13 credit (nearing end of life so will roll any time it’s near the money)
FAS: May 18th 64.5 to Jun 15th 66.0 @ even
FAS: May 18th 64.5 to Jul 20th 68.0 @ .02 credit
OLED: May18th 96.0 to Jun 8th 100.0 @ .15 debit
ROKU: May 18th 35.5 to Jun 1st 37.0 @ .06 credit (I’ll look to book it if it reaches zero deltas again)
SMH: May 18th 99.5 to Jul 20th 102.0 @ .13 debit
TNA: May 18th 71.0 to Jul 20th 75.0 @ .28 debit
TQQQ: May 18th 152.0 to Jun 15th 156.0 @ .16 debit
XBI: May 18th 88.0 to Jun 22nd 90.0 @ even
XLY: May 18th 103.5 to Jun 8th 104.5 @ .02 credit

FB: Playing the Jan 2019 calls and puts on this one. Stock has rallied and I’ve sold puts all the way up nearly covering the put LEAPS already. Of course the call side has been struggling. It was 160 long LEAPS against 162.5 short calls next week. I’d like to get the call side back in the game so I’m using my old strategy that worked when AMZN was going crazy to the upside.

Rolling the LEAP calls up for a credit and using that to roll the weekly calls up and out. Basically a wash but gets the short calls into a much more rollable position. Moved the LEAPS up 10 but only got the weeklies up 7.50 since I didn’t want to go out any further and wanted a credit.

Jan 2019 160.0 to Jan 2019 170.0 @ 7.17 credit

Then:

May 25th 162.5 to Jun 15th 170.0 @ 6.65 debit

Jeff 7:58 am on Monday, May 14, 2018
Tags: SPXcampaign ( 2,265 )

SPX puts sold

#SPXcampaign Sold $SPX June 14th (monthlys) 2610/2585 put spreads for 1.65.

mortlightman 7:41 am on Monday, May 14, 2018
Tags: Fuzzy ( 414 ), Hedge ( 75 )

QQQ

Rolled May 18 171 Calls to May 25 172 .06 Cr

#Hedge on #Fuzzy

mortlightman 7:38 am on Monday, May 14, 2018

$VIX

?? Vix up & Market up??

thomberg1201 7:20 am on Monday, May 14, 2018
Tags: FallingKnife ( 963 ), ShortPuts ( 4,763 )

#shortputs #fallingknife CVS Bought June,…

#shortputs #fallingknife CVS
Bought June, 57 put for .20, sold the 8th for .94

Jeff 7:20 am on Monday, May 14, 2018
Tags: Earnings ( 3,108 ), ShortStrangles ( 716 )

A earnings

#Earnings I don’t remember ever trading $A before, so I took an extra-safe position.

Sold $A May 18th 65/75 #ShortStrangles for .77. Biggest UP move: 4.6%, Biggest DOWN move: -3.5%, Average move: 2.5%. My strikes are +/-7.1% OTM.

1strangealien 6:57 am on Monday, May 14, 2018

SPX

STC $SPX May 18th 2770/2790 bull call spreads for 1.60, bought for 0.80. Thanks @jeffcp66! I saw some green and decided to not roll the dice for Friday expiration. Maybe these will go to 10.00 now!!