#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
Monthly Archives: May 2018
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.
Short Puts BIDU RHT / Short Calls NWL / Close Early NVDA
#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
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
May 20 Covered Call Data Table
Cold and rainy here in Denver, good day to just look at data. I have an interesting report here for you on #CoveredCall performance, also tied to #PieTrades. Let me first lay out the process I took. 1. I ran a scan on TOS for high yielding calls over a 7-14DTE ( http://tos.mx/oIfUU7 DO NOT CLICK THE LINK, instead use your “Setup Sprocket” and “open shared item”, then copy/paste the link) . I ran it on “weeklies” so ETF’s would be included. That gave me about 108 tickers. Then I ran a 2-year covered call backtest using 10 lots on everything: Buying 1000 shares and selling 10 50-delta calls with a 7DTE on everything. From that test I selected only tickers that yielded over a 50% Return-on-Risk over the two year test. Then I figured that looking at the last 6 months on each of those vs 2 years would look quite different–given the market conditions we’ve experienced. So on just these tickers I also ran a 6-month backtest. Surprisingly there is only ONE ticker in the list that has a negative return over the last 6 months (RCL). “Win Rate” in the backtester means at expiration the trade had a net profit. At expiration the backtester virtually rolls calls to the next expiration using closing prices. There are no filters here for liquidity, other than using only weekly tickers with over 1M volume daily. Sorry the columns are wonky, I didn’t want to search out the BB code for table inserts 🙂 This might give some good ideas to y’all for #PieTrades or #CoveredCall targets. With the filters I used almost any one of these would be a good pick, but there are some standouts.
Ticker: 2 year net return: ROR%: Win Rate: 6-month ROR%
ADBE $81,890 69% 82% 29%
ADSK $58,780 86.1% 81.5% .9%
AMZN $507,000 64% 70.5% 28.7%
ANDV $48,953 64.6% 74.3% 14.5% SCRATCH due to acquisition
AXP $29,913 56.9% 73.3% 4%
BA $147,000 77.6% 76.2% 36.1%
BURL $58,460 85.1% 82.1% 41%
CME $54,932 56.1% 70.5% 23.4%
EA $61,020 93.4% 75% 33.8%
HCA $35,878 69.6% 71.4% 38.5%
IWM $36,640 43.9% 72.4% 8.2%
KSU $44,723 76.5% 69.5% 15.6%
LULU $29,725 59.2% 67.6% 58.5%
LYB $39,646 60.1% 72% 10.7%
MA $60,176 61.7% 75.2% 22.1%
MAR $51,397 68.1% 79.3% 19.1%
MON $76,134 115% 80% 32.5% (scratch due to Bayer takeover)
NFLX $1.49M 129% 60.6% 30.1%
NOC $92,967 50.8% 78.9% 10.4%
NOW $98,575 113% 76% 35.4%
NSC $54,856 67.5% 72.4% 14.3%
NVDA $121,000 95.1% 76.2% 18.9%
PSX $43,519 67.7% 78.1% 21.7%
RCL $40,886 58.5% 72.9% -8.9%
RHT $60,550 71.9% 79.2% 27.7%
SPGI $60,780 59.3% 76.3% 21.1%
STZ $65,779 55.4% 85.7% 14.8%
TQQQ $151,000 83.8% 71.4% 10.9%
TTWO $50,260 85.9% 82.4% 4.3%
TXN $30,708 51% 74.3% 2.9%
UNH $65,685 51.8% 74.3% 12.3%
UNP $48,904 64.5% 74.3% 20.2%
V $39,786 59.7% 77.1% 12.5%
VLO $47,877 72.6% 78.1% 30.4%
WDAY $67,845 88.3% 75.2% 13.3%
WYNN $68,710 67.8% 67.6% 24.6%
Forgot One Expiration ANET Short Put
#optionsexpiration
$ANET 230/240 BUPS Thank you @thomberg1201
It’s about time…
https://tinyurl.com/y8mttqkt
A TT “WDS” segment with Tom Sosnoff and Howard Tullman. ” Unlike some of our other trading newbies, Howard is a bit older with a bit more capital and, subsequently, a different set of objectives. Follow along as Tom shows him the ropes!”
…the time remaining.
Expirations / Rolled SQ Puts / Closed A Puts Early
#optionsexpiration
Full Profit
$SPX 2515/2540 BUPS Thank you @jeffcp66
$NFLX 300/310 BUPS Closed half the trade on 5/14 Let this tranche expire. Goodness I was prudent!
$TSLA 240/250 BUPS
$URI 150/160 BUPS
$AMZN 1310/1360 Thank you @jsd501
$BA 300/310 BUPS
$SPX 2605/2630 Jeff
$RF 21 calls (Covered)
$NWL 28 call (Covered)
$CBOE 106 call (Covered) Called away. Kept it too long Basis 108.80
$A 75 call Earnings Trade Thank you @jeffcp66
$WYNN 172.5 put Call side of strangle closed earlier Thank you @fuzzballl
$MTCH 36 put
$MU 49 put
Todays Activity
#shortputs
Rolled
$SQ 5/18 BTC 51 put and STO 6/15 50 put for extra .80. Rolls have taken in nearly 9.00 per contract
Closed Early
$A BTC 5/18 65 puts at .50 STO as earnings strangle for .39 Strangle was profitable in total. Thank you @jeffcp66
I was out all day. Everyone have a pleasant weekend.
5/18 #OptionExpiration Expired ROKU 36…
5/18 #OptionExpiration
Expired
ROKU 36 Calls
AAOI 31.5 Puts
QQQ 172 Call
Assigned
NUGT 26.5 Puts
Have a great weekend all.
Options Expiration for May 18
$AGN 115 puts
$AGN 120 puts
$AGN 130 puts
$ALXN 90 puts
$CVS 55 puts
$REGN 280 puts
$CAT 140/130 BuPS
Taking a loss:
$COST 185/190/195 iron butterfly (put side had been rolled up–original trade was 170/175/190/195 iron condor). Total premium taken in 2.75/loss of 2.25.
Have a great weekend.
Expirations
AMZN BuPS
NFLX BuPS
Loss on SPX Call & Put 1SD Debit spreads
BBBY finally closed #Fuzzy with a bad loss on this one. 1 stupid trade by me.
Have a great WE Guys…
Have a great WE Guys & Gals
Final trades and Options Expiration, 5/18/18
#SPXcampaign
Sold $SPX June 14th 2795/2820 call spreads for 1.75
Sold $SPX May 31st 2650/2675/2750/2775 #CondorRoll for 6.70
#OptionsExpiration Expiring at full loss: Long 2770/2790 call spreads, bought for 1.29… Made a couple of profitable rounds with this spread but the remaining ones fizzled out.
#IronButterfly Sold to close $AMZN 1575/1600/1625 butterfly for .84. Bought for 2.95 on May 3rd.
#Earnings Closed remaining $A 65 puts for .75. Avg closing price: 1.10. Strangles (65/75) sold for .77 on Monday.
Closed $OLED May 18th 100 put for 5.70. Sold for 3.50 last week. In the hole on the rolls here… need to assess next week.
#VXXGame BTC $UVXY Jan 2019 70 call for .45. Sold for 6.50, avg price.
Expiring are long calls used as hedges, UVXY 40 calls (bought for .45) and 44 calls (bought for .21).
Expiring at full loss: a bunch of $VXX 30 puts, bought for the avg price of .12
#Assignment $AMAT 54.5 put, taking stock, will sell call next week. #PieTrades
Closing to avoid assignment
Bought to close $HOG May 18 42.50 puts @ .07 with the stock at 42.55.
FAS #Shortputs Rolled May 18th…
FAS #Shortputs Rolled May 18th 67 Puts out and down to May 25th 66 Puts for .65 credit. Originally Sold the FAS 5/16 for .50 and closed it at .32.
Amazon’s weakness today…
Amazon briefly hit session low after report that Trump pushed the USPS to double shipping rates https://t.co/IfTJ8e1NSp
— CNBC (@CNBC) May 18, 2018
#shortcallspreads TSLA bought June 15,…
#shortcallspreads TSLA
bought June 15, 320/330 for .71, sold yesterday for 1.22.
JWN #FallingKnife Sold $JWN Oct…
JWN #FallingKnife
Sold $JWN Oct 19 37.50 puts @ 1.00
EWZ
Getting interesting….no position yet.
#shortputs #fallingknife WBA, LB, TGT…
#shortputs #fallingknife WBA, LB, TGT
Closed some puts today including a quick .50 on the TGT trade from Wednesday, will look again after earnings next week (AMAT lesson learned).
DG
#LongCalls #LEAPS – Rolling to the week before earnings….
Rolled DG MAY 18 2018 95.0 Calls to MAY 25 2018 96.0 Calls @ .28 debit
#fallingknife #shortputs JWN Sold Oct….
Sold Oct. 40 put for 1.48, JWN down almost 10% to around 46 after earnings.
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Light day today. A little TSLA adjustment here. Rolling puts and calls down into a Jun 1st short straddle.
Rolled TSLA MAY 18 2018 297.5 Puts to JUN 1 2018 292.5 Puts @ .73 debit
Rolled TSLA MAY 25 2018 295.0 Calls to JUN 1 2018 292.5 Calls @ 2.25 credit
KOLD closed
#ContangoETFs BTC $KOLD Aug 60 calls for .15. Sold for 1.50 and 1.75 in March.
Spamming
Click Home/REFRESH if you’re still seeing the spam comments.
AMZN
STO May 25 1550/1547.50 Puts .60 #Bitty
#rolling #shortputs AMAT Rolled May…
#rolling #shortputs AMAT
Rolled May 18, 54.50 to June 22, 54 put for .14
#pietrade Guess my first attempt…
#pietrade Guess my first attempt with AMAT is off to a bad start… Am getting ready to sell calls
AMZN
The big thing I’ll be watching today is AMZN, since I have an ITM naked put on it. Last Friday watching it pin 1600 was a beautiful thing. There is adequate OI on the 1600 line today to support a move back up there again. If I’m going to keep playing AMZN it’s got to be done more safely, with one of our stock replacement structures. If I do take assignment, I’ve designed a “#SharkFinHedge ” that has a max loss of about 1/3 of my next call sale to provide about another $10 downside along w/ the new call sale for next week. Here’s what the hedge looks like: May 25 1565/1555/1550 broken wing put butterfly for about $2.00 debit. Keeping these tight with DTE means they move more quickly with underlying price movement. I also will sell calls near the close in advance of assignment. Stay tuned!
CPB adding some Nov
Sold $CPB Nov 16 31 puts @ 1.10
DE closed
#Earnings Closed $DE May 18th 140/135 put spreads for .05. Sold for .85 yesterday.
Good morning
I only have 1 expiration today which is an AMZN 1310/1360 bull put spread. I have been covering my put exposure when they get down to 5 or 10 cents. GOOGL could be interesting today because 60 minutes is going after them. I will look at that after the opening and perhaps another bull put spread. Other than that, I think interest rates are important and they are going higher IMHO. So other than my Fuzzy trades I have nothing to do. I will be going to the GYM after 10AM. Have a nice day.
Long COST Calls / SPX Campaign /
#longcalls
$COST BTO 6/15 193 calls at 8.60
#spxcampaign
$SPX STO 5/25 2775/2750 BECS at 4.80 Thank you @jeffcp66
$SPX STO 6/15 2565/2590 BUPS at 1.65 Thank you @jeffcp66
Music of the Week
Jeff, is this a new feature? Love it!!
Shoot it disappeared, it was in the right-side column.
Let me add a couple trades on here so this post has some bit of use:
CRM: rolled calls from May 18 to May 25. $131 stock assignment now has a cost basis of $127.20 #PieTrades
BA: Rolled puts on a put diagonal from May 18 to May 25, Cost Basis on a long put diagonal has moved up from 324.20 to 331.45 due to income collection. 64 days left on the trade for income collection.
GRUB: Took 70% profit on short puts for tomorrow and flipped the trade to a Jan 2020 Leap (100/100/90) with Jun 1 short calls. Leap core @ 21.60, Jun 1 106 calls @ 1.80.
In play for tomorrow:
AMZN Naked Put @ 1600, cost basis is 1578
NFLX Covered Call ITM, cost basis is 322.85 on a $330 assignment #PieTrades
NVDA ITM Naked Puts @ 257.5, cost basis is 250.69 #PieTrades
NTNX ITM Covered Call, not sure cost basis
LMT Jade Lizard is still in the sweet spot for nice profit
GUSH…living up to its name
Sold $GUSH Dec 21 57 call @ 6.00
Adding to position at the highest strike
SPX puts sold
#SPXcampaign Sold $SPX June 14th 2590/2565 put spreads for 1.65.
#shortputspread #bitty ANET Bought May…
#shortputspread #bitty ANET
Bought May 18, 230/240 for .30, sold May 10 for .95
