#longcalls
$AMZN BTO 7/20 1600/1630 BUCS at 16.35
#spxcampaign
$SPX STO 6/8 2625/2650 BUPS at 2.80
$SPX STO 6/22 2800/2775 BUPS at 2.50
$SPX STO 6/22 2595/2620 BUPS at 2.60
$SPX STO 6/15 2675/2700 BUPS at 7.60
$SPX STO 6/22 2550/2575 BUPS at 1.35 Thank you @jeffcp66 for all.
#rolling
$SQ BTC 6/15 50 put and STO 6/15 55 put for .98 added credit
Afternoon all Playing a bit of catch up here
on Wednesday#spxcampaign
Last week I mucked up my SPX spread as I was needing to be away and closed the short June 15th 2800 call on the upswing. Originally sold for 2.30 and closed at 2.95. Oops. I resold the position today @ 1.15.
#coveredcall
I was assigned FAS at 68 last Friday and sold June 1st 66 Calls against today for 0.42.
#LEAPS
Covered my long Jan 2020 36 Call with June 1st 38.50 for .20.
#longcalls
I tried to do an early assignment of my measly 1 MU June 15th 50 long call as I wanted to sell most of the stock this morning but keep a few shares for a longer term position. The gods of ToS wouldn’t let me as it was not deemed economically the best thing to do. They suggested I sell the call and buy the stock. I wish their gods would intervene when I place a bad trade. Life would be so much better. Maybe they are right but I was under the impression I could think for myself and do my own trading. So I will wait for assignment and sell most of the stock before earnings. Hopefully it will still be profitable.
Catch everyone tomorrow.
Just two little trades today:
1. GRUB calls on #Fuzzy Leap decayed to .12 so rolled to Jun 15 106. Pocketed $800 in the roll, which is 5.1% of risk (Return on Risk) in 12 days.
2. TWTR #CoveredBackRatio Sep 30/33 12×8 @8.94 (Total risk = $8.94×400=$3,576). Sold June 8 34 calls @ .73, short call = 8.2% RoR. TWTR position is equal to $32.86 stock price, current price is $34.10.
#401k #LongStock – I tried following a long term plan (The Golden Butterfly) that would probably work but I’ve decided I can do just as well or better selling puts on imploding stocks so I’m dumping these sizable positions while they’re green. Unloaded SPY back on May 18th and now unloading the bond positions on this rally. Freeing up a ton of buying power…
Sold SHY stock @ 83.60 (bought for 83.51)…decent gain since it was a lot of shares…
Sold TLT stock @ 122.12 (bought for 120.74)
#ShortPuts #IRA – Starter position…
Sold ERX JAN 18 2019 25.0 Puts @ 2.02
#VIXIndicator… for perspective, when this happened on Feb 28th (another warning firing a few days after the previous one had been canceled), the SPX closed at 2713. We hit the low of 2553 on April 2nd, so a full month later. During that month, we also reached a high of 2801.
it seems -40/-50 becoming a norm. Now it is this: US announces timeline for 25% tariff on Chinese tech products
#SPXcampaign STOPPED: $SPX June 22nd 2620/2595 put spreads for 4.10. Sold for 1.70 on Thursday.
Closed on GTC order: SPX June 14th 2810/2835 call spreads for .20. Sold for 1.80 on May 15th.
I will probably be stopping a couple more put spreads before the close, especially if no rally develops soon.
#SPXcampaign. Closed on GTC order: $SPX June 1st 2750/2775 call spreads for .40. Sold in a #CondorRoll for 8.00 on May 15th.
Looks like I picked the wrong hour to be away from my desk!
#BearCallSpreads – Sold UVXY JAN 18 2019 12.0/17.0 Bear Call Spreads @ 1.15
VIX is up nicely 🙂 that will be good for rolling and expiration on Thurs./Fri.
#LongCalls #LEAPS – Second batch closed this expiration. Selling 70 percent of next batch for no upside risk if this thing rebounds…
Bought to Close EWZ JUN 1 2018 38.0 Calls @ .04 (sold for .32)
Sold EWZ JUN 15 2018 37.0 Calls @ .50
#ShortPuts #IRA – I’d take a shot down there…
Sold EWZ DEC 21 2018 30.0 Puts @ 1.69
#LongCalls #LEAPS – Small debit roll picking up 3.40 of upside…
Rolled OLED JUN 1 2018 99.5 Calls to OLED JUN 29 2018 103.0 Calls @ .10 debit
#BearCallSpreads – In two different accounts…
Sold UVXY DEC 21 2018 20.0/30.0 Bear Call Spreads @ .86 and .85
BTO Jun 15 36.5/38.5 Calls .75 2x
STO Jun 1 342.5/340.0 BuPS .28 #Bitty
STO Jun 15 200/202.50 BeCS .59 #Bitty
#PieTrades #CoveredCalls Sold $AMAT June 1st 52 covered call for .75.
#CoveredCalls #CoveredCallCampaign
Sold $SQ June 29th 61.5 covered call for 1.60
iPhone may use their screens… https://seekingalpha.com/news/3359877-universal-display-plus-12_4-percent-iphone-oled-report
#VIXIndicator In pre-market we have a signal on the VIXIndicator which indicates to be wary of new downside risk, this time due to Italy’s political crisis causing a big drop in the Euro. Whether we get a new Downside Warning will depend on the VIX closing price.
Good Morning
Options Bistro 