#shortputs
$AMZN STO 7/20 1600/1620 BUPS at 9.75
#longcalls
$SPX BTO 6/16 2800/2825 BUCS at 1.00 Thank you @jeffcp66
Daily Archives: Thursday, May 24, 2018
NVDA
#LongCalls #LEAPS – Late fill…
Bought to Close NVDA MAY 25 2018 255.0 Calls @ .10 (sold for 2.59)
Sold NVDA JUN 8 2018 255.0 Calls @ 2.90
5/24 Trades
BA: This is a put diagonal that I have, I rolled puts from May 25 to June 1 and added an extra short put, collected $161 for the roll
BA in a diff account: Added a #CoveredBackRatio. @MamaCash has now dubbed these “Cobras” (from CBR). Nov 320/355 8×4, June 1 360 call @2.76, Stock cost basis is $352.83.
NTNX and VEEV: Closed both of these positions in advance of earnings, netting about $482 exclusive of previous rolls
IWM: Rolled calls from Jun 1 to Jun 8, the Jun 1’s didn’t have any juice left. Netted $150 on the roll
The only thing left for tomorrow is NFLX (share call), CRM (pennies away from share call, ER next week), IBM (roll)
Of the $11,613 in sold-premium that I started with for the week, it looks like $8,587 will be my realized amount.
Two down, one to go
#VIXIndicator Another somewhat volatile day capped with a plunging VIX. That’s two consecutive days below the Fib 78.6% line… if it happens again tomorrow we shall be entering next week with an Upside Warning.
WHR downdraft
Adding to my put ladder
Sold $WHR Dec 21 110 puts @ 1.40
SPX trades
#SPXcampaign
Closed $SPX May 25th 2700/2675 put spreads for .45. Sold as a #ReverseRoll for 7.60 on May 10th.
Sold $SPX June 22nd 2620/2595 put spreads for 1.70.
Sold $SPX June 15th 2700/2675 put spreads for 5.25.
#shortstrangles ROKU Sold June 15,…
#shortstrangles ROKU
Sold June 15, 32/40 for 1.05, TastyTrade/@Fuzzball idea
@hcgdavis Do you use a…
@hcgdavis
Do you use a scan to look for opportunities for your #supercharger strategy, or is it a manual search every time?
#shortputs KSS Bought June 1,…
#shortputs KSS
Bought June 1, 60 put for .15, sold Tuesday after earnings for .62.
ABBV
STO January 2019, 80 puts @2.05 with stock at 102.80
Going long the British Pound
Keeping with my #Currency theme this week:
Sold $FXB Jul 20 129 puts @ 1.05
FAS
#LongCalls #LEAPS – Here’s the 2020 reset. I’d prefer a bigger pullback but not sure when (or if) it will come.
Bought FAS JAN 17 2020 67.0 Calls @ 14.75
Sold FAS JUN 1 2018 67.5 Calls @ 1.02
Payoff by Jan 2019 and Jan 2020 is .42/.16
FAS
#LongCalls #LEAPS – Going through all my 2019’s and seeing what’s nicely profitable and looking at closing and resetting to 2020’s. Here’s the first one I came across. Weeklies were ITM and rolled out to July. Taking advantage of the weakness today to take this one off for a nice gain. Even though I’d reduced basis from 10.50 down to 4.50 in just two months I think I’ll feel better starting a new one in 2020. I’m finding the extra time is well worth the little bit extra it costs.
Sold to Close FAS JAN 18 2019 65.0 Calls
Bought to Close FAS JUL 20 2018 68.0 Calls
Net gain of 1.95 on a 10 lot in a couple months. Happily moving on….
NFLX
STO Jun 1 325.00/322.50 BuPS .25 #Bitty
Long weekend=extra theta.
#pietrades normally would have rolled/closed these tomorrow but there are only 4 of us in the office tomorrow (usually 14) so I doubt I would have any time to trade. Will be busy!
BTC MAR 139 puts for 1.70. After 2 rolls still made $459 in 2 weeks. Did not like the way the chart was starting to look. With gas/oil prices climbing may be less travel this summer.
This brings me to my next conclusion. It is debatable whether to trade individual tickers on #pietrades for the higher premiums than we get with ETFs vs taking advantage of some of the leveraged ETFs. Personally I am trying to move to ETFs, but the weekly premium dried up. Today might help. SMH still looked good for a week but IBB, XBI and the indexes all dropped their juicy premiums. So anyway, I have been doing this for several months now, I think it may be safer and easier to trade the leveraged products. You do not have single company risk, the premiums are high enough they are easy to roll. Yes in a big market drop they will get crushed but in looking at their histories most would be reverse split instead of liquidate like XIV/SVXY. Thoughts? Anyone see a risk I am missing?
So with that said with the recent splits looks like the list from a few days ago is still accurate but the liquidity is not all the way back on TQQQ and UPRO. I tried to #supercharger them but the market makers were not giving reasonable fills.
GM 37.5 CC expires 6.8. Was going to try to keep it for the dividend now but rolling only gives me .14 credit, not worth it. Hopefully I will be called out early for the dividend so I can use the cash somewhere more productive.
LABU STO 84 put for next week 8 DTE for 1.45
LABU rolled 85 put to next week 84 for 1.05 credit.
LABU rolled 85 put to next week 84 for 1.1 credit
AMAT rolled 51 CC to next week for 0.36 credit. Cost basis now 53.11 and will keep chipping away.
AMAT 50.5 CC rolled to next week for 0.42 credit. Cost basis now 49.93. Will allow assignment or roll again next week depending on premiums.
#spycraft closed the 15 DTE 265/262 pcs fro 0.25. sold for 0.24 so lost .1 and commissions.
#supercharger Found a good use for SOXL and BIB since they don’t have weeklies.
SOXL 22 DTE 125/130 vertical debit spread for 4.65. Should close for 5 credit close to the end. 30 + points ITM and still able to squeeze out 13-14% return for 22 days. That’s 169-182% annualized and easy to mange if it implodes.
Hope everyone has a great long weekend! Thanks to all those who served!!
Wango Contango
#ContangoETFs Closed these positions yesterday, leaving me flat in all three tickers.
BTC $KOLD Nov 68 call for .25. Sold for 2.50 on March 23.
BTC $NUGT Jan 2019 50 call for .98. Sold for 5.025 (avg price) in Dec/Jan.
BTC $DUST Jan 2019 45 call for 1.05. Sold for 4.80 on Feb 9.
Morning dip
Most of these news driven pullbacks have been buying opportunities lately.
Dow falls nearly 120 points after Trump sends letter to North Korea's leader calling off the upcoming Singapore summit https://t.co/aUSrApFtNK pic.twitter.com/oZvmYK3FxC
— CNBC Now (@CNBCnow) May 24, 2018
#earnings #shortstrangles BBY Bought 65/75…
#earnings #shortstrangles BBY
Bought 65/75 strangle for .37, sold yesterday for 1.07
Options Bistro 