@jeffcp66 Hi Jeff, do you…


Hi Jeff,
do you know if there is any particular reason why some replies are getting marked as “awaiting approval”?
Is there a way to avoid it?

#OptionExpiration June 29th Taking Put…

#OptionExpiration June 29th
Taking Put assignments this week
DBX @ 33.50
FAS @ 67
MU @ 59.50
ROKU @ 46
TWTR @ 44 and 45
One Call expired
NUGT @ 26
Selling calls come Monday.
Have a great weekend.

#pietrades Looks like I am…


Looks like I am being assigned or assigned early on TQQQ, FAS, MU, and will sell calls on Monday. This morning’s bounce looked like it would make these a lot easier. We have comcast at work and entire east coast internet was out which made work hard with an EHR. Looks like the bounce fizzled later afternoon.

Anyway, for those with big accounts, you can take #pietrade one step further. If I had bigger accounts I would do this. The decay is great on weeklies, but weeks like this they all tend to get run over at the same time. I personally would run 3 different names in each account and since I have 5-6 accounts that would give good diversification. My ultimate goal is to sell #pietrade ladders. Start the process 21 DTE. Each week add a new trade in the same 3 names. But for example using XBI. The 7 day ATM put is going for 0.77-.99 (95-96 strike) so can’t even get a buck. But if you go out 21 DTE you can sell the 92 put for 1.03-1.10. Three more dollars OTM so less likely to be breached and if you are breached probably at a better place to take assignment because it is a much bigger pull back. The only draw back is you are in the trade 2 more weeks and tying up capital.

But if your goal is income and you have a large enough account, it would be highly effective. I have tried it on small scale and whenever I was assigned they ended up wining in 1-2 weeks because it was usually at the end of a pull back. I could only run 3 contracts on 1 name or 1-2 contracts on 3 names. So it was not bringing in my income goal but when the accounts are larger this will be my main trading tactic.

Ultimate goal is 10 contracts on 3 names in each account for 3 weeks rolling. If you can get $1.00 or better that would be $3000 a week x however many accounts you have. Nice paycheck either way 🙂 To do that probably need a 300k account if using margin or twice that in a non margin account. You would also need names around $100.

Have a great weekend, update which calls I sell on Monday. If looks like more of a rebound I may leave them uncovered for a few days.


Expiration Taking Assignment of ROKU

$ROKU 6/29 46 put assigned. Basis 43.90 Today’s close 42.60

Have a great weekend.

#OptionsExpiration – Only a few…

#OptionsExpiration – Only a few this week
— Expiring —
SVXY 06/29/2018 13.50 Covered Calls -$282.02
SVXY 06/29/2018 14.00 Covered Calls -$112.38
— Assignments —
CAH 06/29/2018 49.00 Puts – -$288.07 on 3 contracts – This looked like it would expire until the last 15 minutes of the day. I tried to cover at a nickel and failed so I’ll take the stock with a net cost below the 52week Low and deal with it on Monday.

#spx I guess the sellers…

I guess the sellers are stronger than the buyers at this time.
Financials did not perform even with the Fed approval and stress test.

Canada imposed new tariffs.
Is that driving the market?


#Markets… looks like major indices will be closing lower than the open….