#shortputs
$NFLX STO 6/15 310/320 BUPS for 2.00
Daily Archives: Tuesday, May 22, 2018
Gush dump
#ContangoETFs Closed $GUSH Dec 46 call for 9.90. Sold on Apr 4th for 4.00.
Order filled on the way down, and then it dropped a lot more. Using a #StrangleRoll on this… it’s quite doubtful that both of these strikes will expire, but I’ll take the premium now and deal with any breaches later.
Sold GUSH Dec 32/57 strangle for 10.55.
FXE strangle
Borrowing an idea from Tastytrade. I saw a segment where they talked about currency options and that FXE in particular, while having a low nominal IV, had an IV rank of above 60. It’s probably one of those trades that won’t make you a lot of money, at least from a ROC % angle, but won’t kill you either because the underlying typically doesn’t have huge moves (as a %). Currencies are also relatively uncorrelated with the major averages so there’s the diversification angle. Because of the low premiums you have to sell very tight strangles (or straddles) to get anything. Putting this one on for July and will watch it closely.
Sold $FXE Jul 113/114 strangle @ 2.14 with FXE at 113.13. Breakevens are 110.86 and 116.14.
#shortcallspreads #shortputspread TSLA WYNN bought…
#shortcallspreads #shortputspread TSLA WYNN
bought June 15 TSLA 320/330 for .46, sold for 1.00 yesterday
bought June 15 WYNN 170/180 put spread for .66, sold for 1.42 May 15
EWZ
#LongCalls #LEAPS – Jumping back in here. Buying 10 but only selling 8 to eliminate upside risk…still plenty of time to get it all back only selling 8 weeklies.
Bought 10 EWZ JAN 17 2020 40.0 Calls @ 5.80
Sold 8 EWZ JUN 1 2018 40.5 Calls @ .40
Payoff by Jan 2019 and Jan 2020 is .16/.06 (selling 10)
Payoff by Jan 2019 and Jan 2020 is .20/.08 (selling 8)
ERX
Starting small #pietrade STO 25May 42.5 put for 0.55 with ERX at 43.07
Short Puts TRTN
#shortputs
$TRTN STO 6/15 35 puts at .90 Add on to @thomberg1201 10/19 40 covered call position.
July AZO
Sold $AZO Jul 20 590 put @ 9.80. Today’s post-earnings drop may be subsiding.
AZO
BTO Jun 8 610.612.5 BuCS 1.40 #Bitty Looking for a bounce
May 22
MU: I took $4200 profit on a covered LEAP #Fuzzy. One thing I know about MU is it has always provided good re-entry points (pull backs) after rallies.
MSFT: Rolled #AtomicFuzzy covered calls from May 25 to June 8, 100’s, collected $470 on roll
ISRG: Rolled LEAP fuzzy covered call from May 25 480 to June 1 465, collected $380 on roll
SPY x 3: Closed May 23 Jade Lizards for 50%, collected $991
SBUX: Added short backratio yesterday on news that non-paying guests are now free to displace paying guests, at shareholder expense. July 4×2 put backratio (60/57.5). I’d like to add to this or ladder in a longer expiration.
RHT: Added Dec bullish covered backratio: 150 c x8 + 160c -6, short 165 c x2 @1.50
ADBE: Added Oct bullish covered backratio: 230 c x10 + 240 c -5, short June 1 245 call -5 @2.14
Another GUSH roll
Rolled July 45 calls up and out to August 47 for .24 credit
AZO
Crazy! Guess the conference call didn’t go too well…LOL I did manage to get out of one short put at the open but missed the other one. Left both long 620 puts in place and just closed one a couple minutes ago.
Current positions had 9.35 of total credit in them so:
Bought to Close AZO MAY 25 2018 670.0 Put @ 5.00
Bought to Close AZO MAY 25 2018 710.0 Call @ 2.50
Sold to Close AZO MAY 25 2018 620.0 Put @ 8.25
This leaves a 677.5/620.0 BuPS @ 10.05
With just one contract left I’ll sit on it awhile and see what happens. Maybe roll to a new strangle or possibly roll it into a 2020 position of some sort…probably buying a BuCS and rolling this basis into that which would probably be the safest way to go.
Short Calls GS FB
#shortcalls
$GS STO 5/25 242.50 calls (covered)
$FB STO 5/25 187.50 calls (covered by long 2019 calls)
APA
BTC the last of the July 20, 32.5 puts @ .05
AZO
wow… can you say “intraday”?
DIA
BTO DIA Jun 29 251/249 Puts .78 #Bitty
Put order in to close at 50% profit-#in/out
Cherry Bomb
TQQQ trades
#LongLEAPs #SyntheticCoveredCalls
Closed $TQQQ June 1st 140 put for .35. Sold in 140/170 #StrangleRoll for 5.00 on May 9th.
Gush rolls
#ContangoETFs Closed $GUSH June 15th 45 call for 3.50. Sold for 1.05 on April 19th.
#Rolling: Sold July 50 call for 3.90.
Closed GUSH Sept 45 call for 8.20. Sold for 2.75 on May 4th.
#Rolling to the Dec 55 call, not yet filled.
Also stopping the Dec 46 call, not yet filled.
#shortputs KSS Sold June 1,…
#shortputs KSS
Sold June 1, 60 put for .62, down some after earnings this morning.
SPX trades
#SPXcampaign
Stopped: $SPX May 31st 2750/2775 call spreads for 7.20. Sold in a #CondorRoll last week for 6.70. Will roll later.
BOUGHT to Open $SPX June 2825/2850 call spreads for 1.15.
(Yesterday) closed on GTC order: June 8th 2510/2485 put spreads for .20. Sold for 1.65 on May 8th.
Have not yet sold the standard weekly spreads (for June 22nd). Missed fills at the highs.
FAS #shortputs Sold May 25th…
FAS #shortputs Sold May 25th 68 Puts @ .70.
MU #Shortcalls Bought to close…
MU #Shortcalls Bought to close my May 25th 56.50 call At 2.82. MU was at 58.94.
Options Bistro 