$TSLA – just playing around with this idea –
Selling the Jun 8th 325/375 Bear Call spread – hoping for more than 3 Points credit
Never Mind. Scratch that…
Schwab’s spread software was picking wrong strikes.
Instead I’m looking at the Jul 20th 350/400 Bear Call spread at 6 points or more.
Next Earning will be about 8/1/18
Any thoughts from the Bistro?
I am of course bearish on the stock longer term given the fundamentals …
$SPX BTC 6/15 2675/2700 BUPS at 1.50 STO at 5.70 Thank you @jeffcp66
$UVXY STC 6/15 16/10 BECS at 5.25 BTO at 3.15 Thank you @ramie77
#VIXIndicator We’ve seen this movie before, but each time it happens at a lower VIX level. Today should be the second close below the PREVIOUS 78.6% Fib line, but we need to close at 11.01 or lower to cancel this current warning. Because we are in the third Downside warning without an Upside one, the normal levels may be out of whack. It certainly looks as if we’re ready to cruise higher but we’ve been fooled many times this year.
In $SQ I am both long stock for the #CoveredCallCampaign and also long Jan 2019 60 calls for the #LEAPs strategy. So selling short-term calls against both positions.
Sold SQ June 29th 63.5 #CoveredCall for 1.60
Sold SQ July 6th 65 #SyntheticCoveredCalls for 1.65
STO Jun 15 BuPS 172.5/170.0 .35 #Bitty
#LEAPs Thanks for all the input on my question below. It was very helpful and educational. I elected to TTMAR. I sold my call @ 2630 with QQQ at 175.16, right when the market turned up. Didn’t I once say I was the master of bad timing. Lol
#SPXcampaign I built this one up to a triple-sized position, back when we thought maybe an Upside Warning was coming. Now they’re close to expiration with less chance. Taking off 1/3 now at about breakeven.
Sold $SPX June 15th 2825/2850 call spreads for .70. Acquired in May for .743, avg price. A double position still remains.