#pietrades..
Assigned ERX last Friday 5/25 with CB of $41.95…
5/29 STO 6/1 38 call at $0.35 with ERX at 36.36. CB now $41.60.
5/31 rolled 6/1 38 call out to 6/8 38 call for $0.65 credit with ERX at 38.51. CB now $40.95.
Daily Archives: Thursday, May 31, 2018
Is there any way in…
Is there any way in TOS to scan for price changes on stocks during after hours?
Is there such function in Interactive Brokers platform?
Hello Everyone, I have a…
Hello Everyone,
I have a general question about putting together an equity portfolio. After speaking with several investment advisors, I realized that all of them have a very limited understanding of using options as investment strategy. They understand ETF’s and stocks, but that’s about it.
This portfolio is separate from the rest of the investments, so allocation for bonds, etc.. is not an issue.
Most portfolio ideas are around proper allocation between stocks, using high quality companies and dividend payers. Well, many dividend aristocrats have a nasty looking charts, like PG and JNJ. Also, the market is at the high level at this point for many stocks.
If you would be starting a new portfolio, what would you do?
Assumptions:
- Value 100K (to make it simple)
- Time horizon 10+ years
- Preferably low maintenance portfolio, because of limited time for monitoring.
- Would you use ETF’s, stocks (growth or dividends), options or a mix of everything?
- I am thinking of PIEtrades as a starting point.
- How would you allocate the funds?
All opinions are welcome.
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Like Sue, I’m playing this from both sides as well. Late fill here while I was out riding the motorcycle during the close. Great day here in STL!
Bought to Close TSLA JUN 1 2018 292.5 Calls @ .25 (sold for 9.15)
I’ll be looking tomorrow to reset this and address my 292.5 short puts. A nice big morning gap up would help but I have my doubts….now that Teslas are starting up by themselves and then taking off and crashing into stuff. I hate to laugh but it’s almost getting comical. Can’t wait to see what Grasso has to say. He’s been buying the dip since 310 I think.
http://fortune.com/2018/05/31/tesla-brussels-autopilot-crash/
SPX puts closed
#SPXcampaign Don’t want to leave this risk out there with VIX moving higher.
Closed $SPX June 1st 2675/2650 put spreads for .70. Sold for 4.40 on May 10th as a #ReverseRoll.
AAOI up 15% today
Strong into the weakness. Trading at the high of the day 46.72. Up 40% in the last 6 trading days.
#shortputs TRTN TRTN down 1.00…
#shortputs TRTN
TRTN down 1.00 on light volume, it is ex-div today
AMBA
#LongCalls #LEAPS – Interesting characteristic I’ve noticed about these risk analysis charts….this one is AMBA where I’m evaluating my options for next week (earnings).
If you change the strike price on the next sale the entire curve moves vertically up and and down with no change in the curve itself. The big factor for changing the chart is the number of weeklies sold. TOS is great for setting this up and then manipulating the numbers on the potential trades and seeing the exact effect.
These 3 charts are selling 3, 4, or 5, against a 5 lot with no change in strike price…
#earnings (not really) #shortputspread LULU…
#earnings (not really) #shortputspread LULU
Trying something, Sold Sept. 80/90 put spread for 1.69. If it goes up as it has been, I’ll take a quick .50 or so, similar to the June 15 80/90.
FB call roll
#CoveredCallCampaign Closed $FB June 8th 190 call for 3.60. Sold for 2.75 on May 10th.
Sold June 29th 185 put for 2.00. Will sell a call at new highs.
COST earning
#Earnings Sold to Open $COST June 1st 195 puts for 1.55. Biggest UP move: 3.6%, Biggest DOWN move: -6.0%, Average move: 2.8%. This trade is -1.8% OTM. This is a bullish trade. I’ll probably convert to a long position if my puts go ITM.
Earnings ULTA and COST
#Earnings Bullish or neutral on ULTA, bullish on COST.
Trying the $ULTA June 1st 230/270 strangle for 3.00-3.40. No fill yet, backing in. Biggest UP move: 17.3%, Biggest DOWN move: -9.1%, Average move: 6.6%. Bias +2.55% Strikes are +/-8.0%
Rolling DISH
With no time value left, I rolled $DISH Jun 15 37.50 puts out to Jul 20 for .05 credit.
Closing $K
Bought to close $K Dec 21 47.50 puts @ .40. Sold for 1.23 on 5/2. Over 65% of the profit in less than a month. Didn’t want to wait another 6 months for the last .40.
#shortputs #rolling #pietrades GM January…
#shortputs #rolling #pietrades GM
January 26, sold a 42.50 put for .44, rolled it 6 times, the most recent on April 4, a 43 put for 5.81. I closed it today for 1.94, making .49 after all of the rolling, whew. GM is up 10% today, not tempting fate by staying in. Thanks MikeL for pointing out the pop.
FB flying
Breaking out to all time highs. Long stock, plus 190 covered call I will be rolling. Also,
Closed on GTC order: $FB June 8th 180 put for .25. Sold for 2.40 on May 10th.
Yesterday, closed on GTC order: $AAPL June 8th 195 covered call for .20. Sold for 1.75 on May 7th.
Leaping
#LEAPs #SyntheticCoveredCall
I’ve been watching @fuzzballl‘s LEAP plays and thought I’d use a couple of Jan 2019 call positions for the strategy. I’ve already been doing this with $TQQQ long 50 calls. (Jan 2020).
In November and this month, I bought two $PYPL Jan 2019 100 calls for 2.66 average price. These are at a small loss now. I need only .08 per week, so I will be selling 2-4 weeks out.
Today, sold PYPL June 15th 83 call for 1.25. I only sold one for now, will likely do these piecemeal rather than all at once. If I start to acquire a lot of these plays, I may prefer all at once.
In Nov, Dec, and Jan, I bought 4 $SQ Jan 2019 60 calls, 3.52 avg price. These are now more than doubled.
I’ll be selling weeklys against this; orders in to catch the next pop. I need only .11 per week.
I bought these OTM so it’s much easier to cover the cost than the TQQQ ITM call purchase.
#shortputs KORS down 4% MU…
#shortputs
KORS down 4%
MU down 5%
WHR down 2.5%
SPX puts sold
#SPXcampaign Sold $SPX June 29th 2575/2550 put spreads for 1.70.
#shortputs GM is up nicely….
#shortputs
GM is up nicely. Finally I can get out from the short 38 puts
FB
#LongPuts #LongCalls #LongLEAPStraddles – Playing both sides here. Been rolling up the puts aggressively the whole way. This last little roll will already completely cover the cost of the long puts leaving 32 more weeks to sell. A pullback (after next week) would be nice…
Rolled FB JUN 8 2018 185.0 Puts to JUN 8 2018 187.5 Puts @ .55 credit (3.95 total now)
The calls have obviously gotten run over. I may roll the long LEAP calls up and use the credit to roll up the weeklies that are ITM. This would still preserve the big gains on the long calls while getting the short calls into a more rollable position.
DG Earnings
Two different positions:
#LongCalls #LEAPS – Booked the original weekly sales and threw on an additional sale hoping for a quick double dip…
Bought to Close DG JUN 1 2018 101.0 Calls @ .02 (sold for .65)
Sold DG JUN 1 2018 92.0 Calls @ .35
#JadeLizard – Original sale was 95/104/106 Jade Lizards @ 2.13.
Closed the call side for .02. Did that mainly for risk reduction when I sold the additional calls above. Still sitting on the short 95 puts with a basis of 92.89. Will probably roll them and then sell additional calls in my LEAPS position above.
#shortputs TGT bought June 15,…
#shortputs TGT
bought June 15, 67.50 put for .12, sold for .52 on May 23.
LABU
#LongCalls #LEAPS – Nice pop again today and now reaching negative deltas for the second time already even after yesterday’s roll. That’s my signal to book and wait for a pullback.
Sold to Close LABU JAN 17 2020 84.87 Call
Bought to Close LABU JUN 8 2018 92.5 Call
Quick little 10 day trade booking 3.42 per contract. Wish all experiments went like this! Only one contract but I’d say LABU is definitely staying in the watchlist.
EWW
#LongCalls #LEAPS #UnbalancedDiagonal – Book it. Still selling in a quantity that practically eliminates upside risk just in case…
Bought to Close EWW JUN 1 2018 46.0 Calls @ .03 (sold for .50)
Sold EWW JUN 15 2018 45.5 Calls @ .49
May 31 #UnbalancedDiagonal LMT This…
May 31 #UnbalancedDiagonal LMT
This seems like an appropriate name for the trade developments from last night? The Unbalanced Diagonal replaces the back ratio with a time ratio. It should accomplish the same or better (significantly better on a directional trend) outcome with slightly less risk. I absolutely love the collaboration last night on this!! Thanks @fuzzballl for your discovery weeks ago of the time ratio!
Sue
Here’s my first trade:
LMT 1. Bought 5 Sep 310 calls @19.00 2. Sold 3 Jun8 320 calls @ 2.57
Max Risk: $8729, Weekly return on risk: 8%
MU #LongCalls Closed my June…
MU #LongCalls Closed my June 50 Call @ 9.08 when stock was at 58.90. Originally bought @ 4.85.
Decent day for earnings
Perennial favorites: GME, LULU, WDAY, ULTA, COST, VMW
Good Morning
Good Morning
OLED bump again?
Apple is reportedly planning on using OLED screens on new iPhones going forward. Consumers could see a good deal of benefits, according to @robotodd. https://t.co/2UwiadLGJS
— CNBC (@CNBC) May 31, 2018
Futures in your future?
…tastytrade Motion In The Markets report.
https://tinyurl.com/y8psrmz3
GM
Options Bistro 