#SPXcampaign Sold $SPX June 14th (monthlys) 2610/2585 put spreads for 1.65.
Monthly Archives: May 2018
QQQ
$VIX
?? Vix up & Market up??
#shortputs #fallingknife CVS Bought June,…
#shortputs #fallingknife CVS
Bought June, 57 put for .20, sold the 8th for .94
A earnings
#Earnings I don’t remember ever trading $A before, so I took an extra-safe position.
Sold $A May 18th 65/75 #ShortStrangles for .77. Biggest UP move: 4.6%, Biggest DOWN move: -3.5%, Average move: 2.5%. My strikes are +/-7.1% OTM.
SPX
STC $SPX May 18th 2770/2790 bull call spreads for 1.60, bought for 0.80. Thanks @jeffcp66! I saw some green and decided to not roll the dice for Friday expiration. Maybe these will go to 10.00 now!!
MTCH
BTC June 15, 28 puts @ .05
Boca Traders Conference
Boca Traders Conference 30 June in Boca Raton, FL
Anyone coming to this, in my back yard.
bocatradersconference.com
Econ Calendar for week of 5/14/18
Be sure to periodically click “Home/REFRESH” to keep Bistro features updated.
Monday #pietrades and a #supercharger…
Monday #pietrades and a #supercharger and a credit spread
Premium dried up but could still find a few trades that would make at least 1% in a week, 10% in a month or more.
1. 4 DTE MU 51 CC for 50.10 based on friday prices, that will change some at the open but it will be around there. That is my disclaimer for all of these, based on Friday prices.
2. MAR 132/129 put credit spread for 0.37 or so for 6.8.18 expiration
3. AAL 42 put for 4 DTE for 0.45 and puts and calls are at parity. Maybe @fuzzballl can save a few gallons of fuel and the price will go back up.
4. SMH 25 DTE #supercharger 90/95 call spread for 4.5
Question for @fuzzballl on #fuzzies. What delta do you usually start with on the LEAPs on the long term fuzzies? You going deep or more like a calendar? I find easier to adjust as a calendar but obviously a deep ITM LEAP is going to behave more like a CC.
I saw an interesting movie…
I saw an interesting movie Saturday. “The China Hustle” It was released in March and it is quite current. It covers the methods, the madness, the shysters and shorting as well as the methods used to IPO Chinese firms.
Leaps
I wish there were weekly options on the SOXL. I may take another look at the XBI but liquidity is also important.
LEAPS and weekly sales…a closer look
I’ve gone through all of my current 2020 LEAPS positions and added another little detail to how I track them. This additional detail will assist me in selling the weekly calls…especially when the stock is trading well below the LEAP and whipsaw risk is at it’s greatest.
I’ve always tracked and updated how much weekly premium I need to average to cover max loss over the duration of the position. Selling that much every week isn’t going to make any profit though. I’ve added another number to my tracking that tells me how much premium I need to average to have max loss covered by Jan 2019. By watching that number, I would be able to have the LEAP cost covered and still have 12 more months to sell. Surprisingly, that number really isn’t that much more which further shows that going out as far in time as possible for these is the way to go.
The profit potential in these is pretty eye opening. These last 2 to 3 weeks of selling have been far and away the most I’ve ever brought in on weekly sales. Once the LEAPS are paid for these sales would be all profit. The May 4th expiration was my all time high bringing in over 15k of realized gains. Not all of that was weekly sales against the LEAPS but a big chunk of it was. Keeping a long term outlook and just gradually plugging away week after week is the key. Duration over direction for these. I’m almost to the point now where I really don’t care where the market goes as long as the VIX stays up where premium stays somewhat elevated. Crazy thing is that these aren’t huge oversized positions. I stay within strict limits on my position sizes but these really add up with 8 or 10 underlyings each brininging in a little every week or two.
Here are all my current 2020’s with updated weekly sales required for both scenarios. My 2019 positions are similar numbers too. If I’m happy with the underlying stock as soon as the 2019’s are completely covered I’ll be looking to add more 2020’s and when the 2020’s are covered I’ll be waiting on the 2021’s to show up and start working to cover them.
=============================================
First number is required weekly sales to cover max loss by Jan 2020. Second number is to cover max loss by Jan 2019 which leaves another year to sell.
EWW .09/.21
FAS .16/.31
GLD .16/.42
NOC .42/1.05
NVDA .56/1.38
REGN .73/1.95
ROKU .12/.30
SMH .14/.35
TNA .18/.44
#Fuzzy Would like to get…
#Fuzzy
Would like to get a few ideas for #FuzzyRepairs How do you handle them when under water. Still have a couple from Mid Feb reversal that I am adjusting but most are at a bigger loss than I would like.
Almost but not
#VIXIndicator Official close for the VIX (and LOD) was 12.65… .04 shy of canceling the warning. Not an exact science, so things looking strong for next week.
Expirations
#optionsexpiration
$FB 130/140 BUPS
$SPX 2475/2500 BUPS Thank you @jeffcp66
Happy Mother’s Day to all the Mom’s out there.
Have a restful loving weekend.
Afternoon all. Popping in here…
Afternoon all. Popping in here after the close. We just might get a functional bathroom today as the remodeling nears the end. Can you say relief! Its not that bad as we have a second but it has been disruptive.
Have a great weekend all. Summer has blasted into NC with a 90F day. Oh joy.
#OptionExpiration May 11th
Expired
MU 53 Call
NUGT 26 Put
FAS 63 Put
Assigned
FAS 66 Call
SQ 51 Call
AAPL
BTO Jun 8 187.5/185.00 Puts 1.03 #LongPutSpread
Looking for a pull back to exit
Have a great weekend y’all
https://www.youtube.com/watch?v=EM-8b6LgnMk
Happy Mother’s Day
AMZN
STO May 18 1565/1562.50 BuPS .34 #Bitty
Chipping away at SVXY
I have a ton of this, as many of us do. I abandoned the covered call strategy when Proshares cut its wings off and brought it down to -.5 from -1.0. Since then I’ve been selling UVXY calls (well mostly call spreads) and buying VXX put spreads to apply against all these positions. My first lot is coming off today as the basis for these was brought down to 11.74. Sold some SVXY @ 13.2438.
I have a long long long way to go but I want to get maybe 20-30% of these shares off the books before the end of the year. We’ll see.
SYMC
There’s a #FallingKnife …
VIX plunging
VIX plunging
Rolling
#SyntheticStock – Walking some short calls up that got run over this week:
Roll SLB May11’18 70 calls to SLB May18’18 70.5 calls for 0.05 credit.
Roll MU May11’18 50 calls to MU May25’18 52 calls for 0.20 credit.
Roll JPM May11’18 110 calls to May 25’18 111 calls for 0.41 debit. Giving up some of the premium I’ve collected on this one.
Strategies on Bistro
Hello all… I just updated the “Hashtag Strategies” Menu item (top-center of this page). I’d like your feedback on anything that should be added. I’m working on one sheet explanations of each strategy, so members will have an overview explanation and not just a link to old posts.
Let me know what you think!
SPX puts sold
#SPXcampaign Sold $SPX June 8th 2600/2575 puts sold for 1.60.
#OptionsExpiration Here’s an early expiration…
#OptionsExpiration
Here’s an early expiration report. I’ve been thinking about @hcgdavis Chris’s #PieTrades ever since his first post. I never really got serious about them, despite being intrigued. I finally decided in the last few weeks that I absolutely needed to build a portfolio strategy and not just a trading strategy. What better way than his? Of course I probably don’t follow the rules straight down the line, but here’s a report for some Pie-like trades this week:
1. AMZN: On Wednesday when the stock was at 1600, I purchased 100 shares and sold ATM calls for $11.35. Assuming AMZN closes above 1600 today shares will be called away for total profit of $1071 in 3 days. I will sell an ATM put for next Friday at the close today. AMZN is inching down and might be shooting for a 1600 pin….it would be fun if the shares aren’t called and I can roll calls into next week.
2. CVX: Nice dividend next week, so I sold ITM puts last night for assignment. I sold $129 strike for .76, closed them this morning for 87% profit. With next week being div week, I will sell puts before Ex-Div to be virtually paid the dividend immediately.
3. IBM: I did the same div play mentioned above for CVX this week for IBM, sold the put priced with added div premium, could have taken 100% profit, but closed it yesterday for 80% profit. I already have 100 shares with calls sold for next week. The income stream on IBM from #Pie has completely covered the post-earnings decline in underlying.
4. NFLX: This will be my first assignment in a long time. Earlier this week I sold 1 $330 put for $3.10. It’s dancing in and out of profit today, but I’d like to take the shares and sell a juicy call for next week.
5. NVDA: I sold ITM puts at the open this morning and later covered them for 83% profit. I sold 257.5pfor next week @ 4.34.
6. SPY: I sold ITM (272) puts last night for either a scalp or assignment today. They were covered at 50% profit.
7. CRM: I sold ITM puts yesterday ($131) for assignment, I will seek 70% profit on those today or assignment.
8. MA: I sold several puts on MA this week and took 70% profit, but I’ve got 190 (@.94) and 192.5 (@1.60) lined up for next Friday.
9. I’ve got 1×2 spreads on for next week on BABA and LMT. In a choppier market I like the idea of 1×2’s for a wider downside range. But in an uptrend, straight naked puts are better for higher premium collection.
It’s just in my blood to cover these puts at a 70%+ profit level vs. taking the shares, even when I know it may be more lucrative to get the shares and sell the call side. I’m progressing! BTW I’ve started using IBD scores to find my #Pie candidates. Of all the stocks listed above probably IBM, CVX, LMT are the weakest in regards to IBD scoring.
QQQ
FB
BTC June 140 puts @ .05, sold at 2.00 and that is the last of the puts that I sold on the spike down.
Everything looks overcooked at the…
Everything looks overcooked at the moment except the biotechs and some of the chips. You guys were busy yesterday, I was at the beach. Last week we need wetsuits, water warming up quickly!
#pietrades, #optionsexpiration, and assigned early
Expiring today or assigned early:
TNA 69 cc cost basis 64.87 and was assigned early so get to redeploy that capital early-thanks mr market
FAS 61 CC at 56.36 cb
FAS 61 CC at 59.31 cb and will reload this account Monday
FAS 61 cc at 53.91 cb and will reload something on Monday
FAS 63 CC at 60.53 cb and 100 shares at 63.14 so a minor loss but overall this account was profitable and will reload on Monday.
XME 35 CC at cb of 34.44 and will reload Monday. This is a tiny account now from the SVXY losses.
#pietrade rolls:
AMAT 49 put rolled up to 52.5 put for 0.53 credit. Total credit now 1.7 and if assigned cost basis 50.8
#pietrade new position starter
IBB 104.5 put at 1.15 credit so 103.35 cb if assigned and would take it there
malingerers
GM 38 CC at cost basis of 38.04 expires in 14 days. I will gladly get rid of it at a 0.04 loss just so I can use the $ somewhere else. This is week 17 of this trade, just stuck and this one sucks for #pietrades, it is off the list until the premiums double. Anyone else trading this one with me it is getting taken out of the rotation.
Additional trading thoughts now that I finally have all the SVXY cleared out from the Feb 6 losses and can finally use all 6 trading accounts again.
1. Capital preservation is key. Now that I have had 3 account blowing out losses, at age 45 and 47 realize I cannot afford to lose my capital base again, it is the only way I can replace my income.
2. Keeping segregated accounts that trade different tickers is ideal. This time SVXY only took out 2 accounts and small portions of 2 others. Had I not been diversified it would have been ugly and I would be working 7 days a week in the office and urgent care or ER just to try to make some back. Spread out the trading vehicles and even accounts, may save your bacon someday.
3. Trading for income is a great way to trade. Trading for extreme income and weekly is even better. Most of my losing trades can be converted to winners or break even by always bring in cash. Cash up front is easier to manage than trying to convert a losing directional trade.
4. #pietrades will make up the majority of my trades with some #supercharger s thrown in for the small accounts
5. Even with income trading you can target 50-100% annualized returns if you do it right. Guess we can call it extreme income trading!
6. Trading with the group has really helped my consistency. Thanks Bistro’ers 🙂 🙂
Hope everyone has a good expiration and Happy Mother’s Day!
Will have some trades ready for Monday morning.
One last announcement, we are still working out the details but I have had such good results with the #pietrades that I have been asked to become a contributor to the Options Income Blueprint service. Will keep you posted. It is mostly as a live and ongoing case study. I will not actually be sending out the recommendations, just how I am managing them live.
XOM
Finally STC #Fuzzy put on 2-16 then down turn hit and been adjusting ever since, out today for a very small profit. Was under water from get go and today got me even.
NOC
#LongCalls #LEAPS -Since it’s in an #IRA I’m paying the dime to get the next sale going. Getting the weekend and stock looks a little weak since Rocket Man is now a fine upstanding citizen.
Bought to Close NOC MAY 11 2018 330.0 Calls @ .10 (sold for 2.70)
Sold NOC MAY 18 2018 330.0 Calls @ 2.30
SPX
Trying something from Theo Video
BTO SPX May 18 2765/2770 Calls .80 & May 18 2695/2690 Puts .85
Both at Expected move for next week.
Does anyone know symbol for…
Does anyone know symbol for SP-500 in TradeStation?
ADSK
#ShortStrangles #LongCalls #LEAPS – Rolling out to earnings week. This is a small position so after earnings if it keeps going up I may try the old method I used with my AMZN position. I’ll be rolling the core (in this case the LEAPS) up to finance the weekly call roll. Worked for AMZN synthetic and I think it can be even more effective with just plain old long calls since there’s no downside short puts to be concerned with…
Rolled ADSK MAY 11 2018 128.0 Calls to MAY 25 2018 131.0 Calls @ .06 debit
AAOI
#TiredofIt – Still rolling and selling this one. Won’t bore everyone with the details. Will have it out to end of year and then see where it stands.
UPS
TSLA
#BearPutSpreads #LEAPS – Still selling against 300/200 Bear Put Spreads. Sold aggressively through earnings and continuing that until it decides where it wants to go. Finally out of these after accumulating premium through a few rolls…
Bought to Close TSLA MAY 11 2018 295.0 Puts @ .10 (sold for 13.15)
Sold TSLA MAY 18 2018 297.5 Puts @ 4.00
REGN
#SyntheticStock – I guess the Donald isn’t going to punish drug companies as much as everyone was thinking. Unfortunately I might be fighting the recovery in this one. Rolling weekly calls up and out for now similar to a trailing stop. Great premium all the way down at least!
Rolled REGN MAY 11 2018 290.0 Calls to JUN 15 2018 300.0 Calls @ .40 credit
NVDA
#LongCalls #LEAPS – I hate doing it up at these levels but the premium is great. Staying small here and going slightly out of the money. Might book it on a bounce if we get one. Otherwise….sell weeklies aggressively.
Bought NVDA JAN 17 2020 260.0 Calls @ 51.90
88 weeks to run so need 59 cents per week to cover cost…
So:
Sold NVDA MAY 18 2018 260.0 Calls @ 3.57
SPX calls stopped
#SPXcampaign Stopped $SPX June 1st 2775/2800 for 4.50. Sold in a #CondorRoll for 4.90 on Wednesday.
Other than the June 8th calls I sold this morning, all my previous call spreads have hit their stop levels and are closed. I have reverse-rolled some, but need to do more. I’d prefer the VIX to be lower before going to heavy to the long side.
ROKU
#LongCalls #LEAPS – After finally having time to sit down and update all my positions I’m switching into a longer term trade on this. LEAPS are reasonably priced given the weekly premium available. I closed the puts at a loss that I sold yesterday (1.00 loss). The LEAP position will be twice the size so will roll a 50 cent loss into that cost.
This is also in a different account from my SMH position to avoid some overlap.
Bought ROKU JAN 17 2020 35.0 Calls @ 10.50 (basis will be 11.00 with loss addition)
88 weeks to run so need 12.5 cents per week to cover cost…
So:
Sold ROKU MAY 18 2018 35.5 Calls @ .75
SPX calls sold
#SPXcampaign Sold $SPX June 8th 2820/2845 call spreads for 1.65.
NVDA Earnings
#Earnings – A clean sweep for the week. Wish all earnings seasons were like this!
Bought to Close NVDA MAY 11 2018 242.5 Puts and 272.5/275 Bear Call Spreads (Jade Lizard) @ .27 (sold for 2.55)
NVDA earnings closed
#Earnings Closing $NVDA mainly to get back some buying power but also to avoid surprises. Closed the 242.5 short puts for .15 and the 272.5 short calls for .04. I’ll leave the lottery-ticket long legs.
Sold condors yesterday for 1.65
Gushing
#ContangoETF’s New highest strikes added to $GUSH… 57 across all expiries.
Good Morning
Good Morning
SQ #ShortPuts Sold May 18th…
SQ #ShortPuts Sold May 18th 54 Puts @ 0.95 when SQ was at 54.81. AH doesn’t look promising though.
3-of-5, got it!
Today we achieved 3-of-5 bars in SPX with a greater than 1-standard deviation up move. As a reminder, at the end of last year I began looking for patterns on standard deviation pricing for crash probability. I found a rolling score of 6-8 1SD up moves in a rolling month began to prescribe danger (manic buying). After our Feb crash I went back to 1987 looking again for a pattern that historically would lead us out of post-crash chop into a fresh trend. I found that 3-in-5 consecutive bars with a 1SD up move was the right pattern for which to watch. It’s taken a long time to get here, now it’s time to prove it out.
I have a mix of 1×2 put spreads, fuzzies, and naked puts sprinkled around to take advantage of, what I hope is, a fresh bull trend.
Sue
Rally time?
#Market SPX daily squeeze fired long, and 3 of the last 5 closes were over 1 SD. That’s two out of three signals that the rally will continue… #VIXIndicator didn’t quite make it low enough.
#putspreads NFLX ANET Closed these…
#putspreads NFLX ANET
Closed these put spreads making about 2/3 from each, NFLX, May 18, ANET June 15.
#earnings #shortstrangles YELP Sold June…
#earnings #shortstrangles YELP
Sold June 15 41/55 for 1.40. YELP can move big, currently hovering around 48.
#shortputs SIG Sold June 8,…
#shortputs SIG
Sold June 8, 35 put for 1.17, earnings are June 6, premium seems elevated for the June 8 expiration. currently at 38.42
FAS
BTC 63,63,61 Fuzzy and made a small profit after it was all said and done. There is not enough liquidity in that one for me.
#shortcallspreads SPY Sold June 15…
#shortcallspreads SPY
Sold June 15 , 278/283 for .88, hope my c’s don’t get rolled over too.
TQQQ bearish trade
I rolled my May 18, 137.5 puts up to the May 18, 150 puts for a credit of .45 cents.
XBI
#Fuzzy – Closing down my Fuzzy while the gettin’s good, BTC XBI May11’18 90 calls and STC XBI Jun’18 88/88/86 fuzzy, all said and done I made 1.30 per contract on the trade. That’s the good news, the bad news is that all of my other short calls have been runned the hell over this week, got some rolling to do when the boss ain’t lookin.
CELG
#CoveredCalls – Small position in an #IRA. Basis now 94.20 so scratching out a couple bucks while waiting for some sign of life.
Bought to Close CELG MAY 18 2018 95.0 Calls @ .04 (sold for 1.42)
Sold CELG JUN 22 2018 94.0 Calls @ .48
No one got my “Mowing down” reference?
A little 90’s nostalgia, anyone? (skip to 3:15 for the reference, if you ain’t into the beat)
Covered Calls
#CoveredCalls #CoveredCallCampaign #Rolling
It’s all fun and games until you get blown out to the upside. It’s a nice problem to have, however, as stock holdings nice for the portfolio.
BTC $BABA May 25th 197.5 covered call for 4.95. Sold Friday for 1.70.
#StrangleRoll Sold BABA Jun 8th 190/207.5 strangle for 5.28.
BTC $FB May 18th 180 call for 5.72. Sold in a strangle-roll after earnings for 1.40. I don’t know how I missed this one going so far ITM this week. Confusing with FB, AAPL, and BABA all near the same price.
STO $FB June 8th 180 put for 2.40. Waiting to sell call.
BTC $FB May 18th 165 put for .07. Sold after earnings for 1.50.
BTC $SQ June 1st 52.5 call for 2.75. Sold for 1.35 on Monday
STO $SQ June 8th 56 call for 1.88
STO $SQ June 8th 50 put for 1.05
VXX gamin’
#VXXGame Bought some cheap protection for future call sales… doing so also gives me more buying power against current positions. All highest strikes.
BTO $VXX June 15th 70 call for .20
BTO $VXX July 20th 90 call for .25
BTO $UVXY June 15th 60 call for .07 (adding)
BTO $UVXY Sep 59 calls for .26
And took profits:
BTC UVXY Sep 30 call for .79. Sold in March for 3.425 (avg price)
FB
#LongPuts #LongCalls #LongLEAPStraddles – Gonna continue pounding the put side while waiting for a pullback. I may end up getting put and call LEAPS paid for in a month just selling near the money puts on this rise. Rolled this one up multiple times last two weeks.
Bought to Close FB MAY 11 2018 182.5 Puts @ .20 (sold for 3.95)
Sold FB MAY 18 2018 187.5 Puts @ 3.22
17.50 premium received in 4 weeks. The combined cost of LEAP calls and puts was 30.00. Still 35 weeks to run. Would enjoy a pullback to get the call side involved again. Until then I’ll be gradually rolling the ITM calls up and out.
EDIT: Rough numbers on the sales. I’ll catch up over the weekend…
SPX trades
#SPXcampaign
Stopped: $SPX May 18th 2725/2750 call spreads for 7.85. Sold for 3.65 as a roll on Monday.
Stopped: $SPX May 31st 2765/2790 call spreads for 4.85. Sold for 1.60 last Friday
#ReverseRoll: Sold June 1st 2675/2650 put spreads for 4.40.
Closed June 1st 2435/2410 put spreads for .20. Sold in a #CondorRoll for 2.90 on last Thursday.
That leaves only one short call spread that is almost at its stop level.
Short VXX
With the $VIX retreating and $VXX possibly back on its ride to zero, I am going short VXX via a put spread in June.
Bought $VXX June 15 37/32 bear put spread for $2.40 debit. I’m looking to take this off for a 50% profit (closing for around 3.60).
NVDA earnings
#Earnings Followed @fuzzballl‘s cue but made it a broken-wing condor… more down side risk.
Sold $NVDA May 11th 237.5/242.5/272.5/275 condors for 1.65. Downside risk 3.35, upside risk .85. Call me crazy, but I’m assuming a more muted move since stock is extended but it rarely moves bearishly on earnings.
Biggest UP move: 29.8%, Biggest DOWN move: -7.4%, Average move: 10.9%. Strikes are +/-5.8% OTM.
SVXY
BTC January 60 puts @46.90 on a small portion of the puts that I have not been assigned yet. I am using the profits I make to cover the loss on these trades when I can. I think it will take about 2 years to cover the loss on my SVXY trades.
ERX Fuzzy
I rolled my May 11, 37.5 calls to May 18, 37.5 calls for a credit of .42 cents. I need only .12 cents per week to pay for this trade so I am getting an extra .30 cents even though I could not get a higher strike price.
NVDA Earnings
#Earnings – Not sure what this is called. Skewed iron condor maybe? I’m looking at it like a #JadeLizard with a disaster put. Selling at near the expected move on each side but with no upside risk and a disaster put just in case.
Sold NVDA MAY 11 2018 242.5 Puts and 272.5/275 Bear Call Spreads @ 2.72 (Jade Lizard)
Using some of the extra 22 cents to buy disaster puts 20 points below the sold put. If this stock misses earnings by a mile it could really implode (guessing).
Bought NVDA MAY 11 2018 222.5 Puts @ .17
Net credit of 2.55 with zero upside risk. If it implodes I’ll look to roll the puts or move it all into a #LongCalls #LEAPS type trade.
EDIT: What do I want the stock to do? As little as possible! Just like a strangle…stay between my short strikes…
Mowing down My C’s like I’m mowing a lawn
#SPXcampaign My calls are getting killed one at a time… reverse rolled one, waiting on the others.
Stopped: $SPX May 17th 2720/2745 call spreads for 7.15. Sold yesterday for 3.15.
#ReverseRoll Sold May 25th 2700/2675 put spreads for 7.60.
Stopped: June 1st 2760/2785 call spreads for 3.90. No roll yet. Sold on May 3rd for 1.75.
Closed SPX May 25th 2525/2500 put spreads for .35. Sold as a roll for 2.30 on May 4th.
Closed on GTC order: June 1st 2450/2425 call spreads for .20. Sold for 1.70 on May 3rd.
UPS
NVDA Earnings
#Earnings – Haven’t done anything yet. Kinda busy moving my daughter today. This stock is completely out of control so is it a “sell the news”? Not sure but looking at big wide strangles for now or possibly another #JadeLizard with the 2.5 wide strikes available.
MU Sold to open May…
MU Sold to open May 11th 53 Call against my long June 50 call.
MU
STC 51/53 BuCS from a Calendar entered Apr 23 Net +39.00
After a few Diag CC’s
a profit is a profit, was a loss until yesterday.
MU BTC May 18th 52…
MU BTC May 18th 52 Call @ 1.67 on the breach of 52 but I was late getting to order off. Need to master patience and have faith. There is time.
NUGT
#LongPuts #LEAPS – Been in this one for awhile and it really never has worked. Little rally today gets it back to close to even so bailing. May look at it again on a spike back to the mid 40’s.
Sold to Close NUGT JAN 18 2019 32.0 Puts
Bought to Close NUGT MAY 18 2018 28.0 Puts
Glad to be done with it. All said and done a loss of 16 cents per contract.
Options Bistro 