#shortputs
$BIDU STO 6/15 220/230 BUPS at 2.25
$RHT STO 6/15 150/160 BUPS at 2.00
#shortcalls
$NWL STO 6/15 27 call at .60 Covered
Close Early
$NVDA BTC 6/15 280/270 BECS at .40 STO 5/14 at 2.17
Daily Archives: Monday, May 21, 2018
MU #shortcalls Up a bit…
MU #shortcalls Up a bit in the after hours. My May 25th 56.5 call is once again underwater. If it wasn’t for the June 50 Long call I’d be bald.
NEW YORK , May 21, 2018 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ:MU) today announced at its Analyst and Investor Event in New York City that its Board of Directors has authorized the discretionary repurchase of up to $10 billion of its outstanding common stock, in conjunction with newly announced plans to return at least 50% of free cash flow to stockholders beginning in fiscal 2019.
#contangoetfs Some time ago I…
#contangoetfs @hcgdavis
Some time ago I remember a post with a list of #ContangoETFs that work well for selling puts and covered calls.
What do you like to trade?
TQQQ
FAS
UPRO
NUGT
TNA
UDOW
ERX
LABU
DUST
FAZ
GUSH
DRIP
KOLD
Any other?
GUSH roll
45 level breached so I rolled the $GUSH Jun 45 calls up and out to Jul 50 calls for .15 credit
LABU Fuzzy
BTO 2020, 84.78 calls @ 27.15, and sold June 29, 85 calls @ 8.20 for a net of 18.95, so need .31 cents per week to break even. Great premium.
LABU
#ShortPuts #IRA – Kinda risky but great premiums. It has had one reverse split back during the late 2015 meltdown. Other than that a pretty good performer. I’ll take a shot in an #IRA that has no other biotech exposure. Thanks @hcgdavis for reminding me of this one.
Sold LABU SEP 21 2018 60 Put @ 4.70
Sold LABU SEP 21 2018 55 Put @ 3.50
Sold LABU DEC 21 2018 50 Put @ 4.70
Sold LABU DEC 21 2018 45 Put @ 3.50
Afternoon All. I’m a little…
Afternoon All. I’m a little slow with my postings today. #pietrades
#ShortCalls #ShortPuts
Bought to close:
DBX May 25th 31.5 Calls @ 0 .15. Sold Wed 5/16 for 0.55 with DBX @ 30.01
SQ May 25th 53 Puts @ 0.15. Sold Fri 5/18 for 0.60 with SQ @ 56.65
FAS May 25th 66 Puts @ 0.35. Sold Fri 5/18 for 0.97 With FAS @ 68.50
Sold to open
MU May 25th 56.5 Calls @ 0.99 with MU @ 55.69.
ERX May 25th 44.5 Call @ 0.40 with ERX @ 42.89
ROKU May 25th 35.5 Calls @ 0.50 with ROKU @ 34.65
tastytrade LEAPS and selling weeklies…
LMAO this morning when I saw this. Wondering if anyone here sent this question in. It wasn’t me even though I’d been planning on it. I can’t agree with these guys here. They can’t seem to wrap their heads around a position being out longer than a few months. Classic rambling, confusing Sosnoff answer! I do agree I wouldn’t do them for 6 months but they never even addressed longer time frames.
Start at the 29:45 mark…
https://www.tastytrade.com/tt/shows/confirm-and-send/episodes/following-rolling-rules-05-21-2018
AZO….Anatomy of a Trade
Started out with Bull Call Spreads and selling Bear Call spreads against them to reduce basis. Everything looked good until ORLY reported blowout earnings. Of course when that happened AZO started heading up pretty quickly in anticipation of it’s earnings.
At that point I closed the bull call spreads for their gains. The bear call spreads were getting run over so I rolled them into ITM bull put spreads for earnings week. Stock has been easing higher and higher so looking good for now. Position is currently 677.5/620.0 Bull Put Spreads so it’s decision time….a few choices here:
1. Leave it alone and hope for blowout numbers and go quietly into the night.
2. Roll the 677.5 short puts into a wide strangle and add some upside risk to give the downside more room.
3. (most risky) Close the long 620 puts and add that to the potential profit and do the roll from above. That would leave the downside naked and really increase margin but give me the highest potential profit.
Decisions decisions…currently leaning towards number two and leaving the put protection in place…
AMBA
#LongCalls #LEAPS – I’ll jump in this with you guys. Premiums nice and still two weeks to sell before earnings. Different account than my OLED position since they’re in a similar field. As usual going out in time. Half position to start out with…
Bought AMBA JAN 17 2020 50.0 Calls @ 11.00
Sold AMBA MAY 25 2018 50.5 Calls @ .80
Payoff by Jan 2019 and Jan 2020 is .30/.12
UVXY
#BearCallSpreads – C’mon reverse split!
Bought to Close UVXY JUN 15 2018 20.0/30.0 Bear Call Spreads @ .07 (sold for 1.06)
EDIT…these are all going to cover SVXY losses. It’s a slow process but when the next split comes I’ll be loading up.
EWW
#LongCalls #LEAPS – Booking this week. Selling next week aggressively but only covering 60 percent (6 of 10) of the LEAPS. Zero up side risk but still covering min required to cover the LEAPS by end of year.
Bought to Close 10 EWW MAY 25 2018 48.0 Calls @ .05 (sold for .25)
Sold 6 EWW JUN 1 2018 46.0 Calls @ .50
#earnings AZO Fan favorite reports…
#earnings AZO
Fan favorite reports in the morning…
NFLX
STO May 25 315.00/312.50 BuPS .20 #Bitty
AMZN
STO May 25 1545/1542.50 BuPS .30
#Bitty
APA
BTC a partial fill on my July 32.5 puts @ .05, sold @ 1.45
AMBA long
#LongCalls Bought $AMBA June 15th 50 call for 3.90. Following a trade from SimplerOptions… their entry was on the rally day and they paid over 7.00. AMBA has been in a wide range and I think we’re nearing a short-term bottom.
#shortcallspreads TSLA Sold June 15,…
#shortcallspreads TSLA
Sold June 15, 320/330 for 1.00
AMAT already back up 3%…
AMAT already back up 3% which is what usually happens with the big sell offs, CELG being the exception. Anyway waiting for tos updates to load so I can find a trade but may wait until lunch time to see where we are.
#spycampaign STO May 21 2750/2760…
STO May 21 2750/2760 BeCS for 0.60cr when priced $2736.
VIX
STO Jul 18 13/11 & BTO Jul 18 18/23 calls 13 Cr
#Hedge DK Trade
NFLX
STC Deep in The Money May 25 310.312.50 bought 5-17 for 2.15 closed this AM 2.45 #Bitty
Econ Calendar week of 5/21/18
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