#rolling
$IQ BTC 6/15 35 call and STO 7/20 40 call for .10 debit but possible gain of $5 if called away. Stock at 40.15
$IQ BTC 7/20 25 call and STO 7/20 40 call for 9.20 debit but possible gain of $15 if called away. Stock at 40.15 Rolled half my calls.
$MZOR BTC 6/15 70 put and STO 7/20 70 put at even
$TWTR BTC 6/29 39.50 put to 7/20 40 put for additional .80
Daily Archives: Friday, June 15, 2018
Expired
NFLX 172.5/170.00 44.00
SPX 2825/2850 Calls cost 62.5 2x Loss
GOOGL 1120/1117.5 1170/1172 IC 55.00
CELG 80/82.50 Calls 29.50
AMZN 1725.00/1727.5 1665/1162.50 IC 49.00
IC’s Legs entered at diff times. AMZN had me worried
NFLX Call side got run over closed for loss 2.00 then added a #supercharger Jun22 375.0/377.5 2.00. should make it back with a couple of them.
SPX
Expired 6/15 2795/2800 Becs. STO 6/7 for 1.10
June 15 Trades
Happy Friday Everyone!
I didn’t have a ton going, ‘cept for one big thing. That later.
IWM: #Saf-T 1000 shares called, net profit $1200. Reset 1500 @ 167.66, 14x jul 27 166 puts @ 2.10, Jun 22 168.5 calls x13 @ .70
I was squirming bad this morning with a ton of SPY shares on and no short calls against them. Luckily the market rebounded, I got some short calls for next Wednesday in the book. I can sleep at night when I know my short calls are on. I’m not kidding when I say it felt really uncomfortable not having them. I will change this strategy next quarter so that calls are always on regardless of dividends.
BA…ugly, but I’m not too concerned. Got lots of hedges on, got a put diagonal kicker, so far it’s looking like a retracement. Maybe even the handle of a cup forming.
Ok…beware when @kathycon MamaCash and I open the lab. We can stay up all night online battering trade designs about and running backtests. We are ALWAYS taking established designs, or other people’s ideas, and reworking them for the best success rates, highest profits, lowest risk.
We reworked the dates and ratios on #Undies last night. I think you should let us test these out a bit. But what we discovered by backtesting is that a 30day long with a 14 day short in a .66 ratio (3×2, 6×4, 20×13) yields a much higher return on margin than using the longer dates. Because the 30-day longs are cheaper, there is less risk, which directly affects the return. These trades go on with a slight positive gamma, slight negative theta, positive vega…so kind of nice greeks on these. All of the 1-year returns we are looking at are really high, like 300% to 1200% (return on margin risk).
Consider these “petri dish” trades right now…we’ll run ’em down and report on effectiveness.
Between the two of us we have a lot of 3×2 tests on now in NVDA, ADBE, BABA, NFLX…and some others. We will report on the effectiveness of this.
Here is an example of one I have on BABA: Jul 13 202.5 call 3x @ 9.20/Jun 29 210 call 2x @ 3.40.
Everyone have a safe weekend!
Sue
p.s. premium collection this week was $14,811, 90% of what I sold. Good week!
Options Expiration for 6/15
$CAH Jun 15 50 puts
$DUST Jun 15 45 calls
$ESRX Jun 15 75 puts
$RRC Jun 15 15 puts
$SWN Jun 15 7 calls (covered)
$UVXY Jun 15 50 calls
$UVXY Jun 15 55 calls
$UVXY Jun 15 60 calls
$WHR Jun 15 130 puts
$WMT Jun 15 77.50 puts
And expirations from the “I Remember When” file:
$SVXY Jun 15 127 calls
$SVXY Jun 15 130 calls
$SVXY Jun 15 135 calls
No assignments.
Have a great weekend.
Expiration
#optionsexpiration
Expired
BAC 30.5 C (Covered)
NUGT 26 C (Covered)
Have a great weekend all. Stay cool.
Final trade & expirations
#Earnings #Rolling I have not managed $OLED well at all since getting slammed on earnings. I’m actually not too far in the hole so sticking with 1-lots:
BTC $OLED June 15th 115 put for 21.75. Sold for 19.00 last month.
STO July 6th 100 put for 7.60
STO July 20th 110 put for 16.80.
#OptionsExpiration
Only one winning expiration:
$GUSH 45 call, sold for 1.05 in April, #ContangoETFs
These expired as losses:
$SPX long June 15th 2825/2850 call spreads, bought for .75, avg price, #SPXCampaign
$VXX long 30 puts, bought for 1.17, avg price
$VXX long 25 put, bought for .21
$AMBA long 50 call, bought for 3.90, #LongCalls
Also, hedges expiring (partially replaced with #VXXGame trades yesterday):
$UVXY 60 calls, bought for .69, avg price
Expirations
#optionsexpiration
Full Profit
$NWL 27 call
IQ 35 put
$TRTN 35 put
$SQ 60.5 put
$GS 220/230 BUPS
$BA 310/320 BUPS
$SPX 2585/2610 BUPS Thank you @jeffcp66
$SPX 2565/2590 BUPS Thank you @jeffcp66
$AMZN 1460/1500 BUPS
$NVDA 220/230
$BABA 195/202.50 BUPS 2x normal size
$SPX 2675/2700 BUPS Thank you @jeffcp66
Full Loss
$TSLA 330/310 BECS
$TWX 105/95 BECS
Called Away
$NTRI 35 covered call 33.20 basis
$LABU 98 covered call 92.90 basis Thanks to all who taught me how to roll my own with particular appreciation to @fuzzballl
Assigned
$TLRD 30 put Earnings trade badly altered.
Have a restful weekend. Happy Father’s Day!
Expirations…
#OptionsExpiration – Had a few this week….
CELG 80/85 BeCS (sold for .45)
EWW 45.5 Calls (sold for .49)
GLD 123.5 Calls (sold for 1.00)
OLED 99.5 Calls (sold for 1.20)
RH 94/120/122 JadLiz (scratched out .22 profit)
RH roll
#Earnings Like an old friend you agree can stay over for a couple nights, but ends up crashing on your couch for several weeks, $RH is back in my portfolio for awhile.
Closed $RH June 15th 146 calls for 11.90, avg price.
Sold $RH July 6th 150/155 #ShortStrangles for 12.60. I’ll manage this based on how she swings.
Have a nice weekend to everyone
I am going to the gym.
#CoveredCalls Rolled TWTR June 15th…
#CoveredCalls
Rolled TWTR June 15th 45 C out and up to June 22nd 45 C for .17 credit.
SPX Campaign
#shortputs
$SPX STO 6/22 2750/2775 BUPS at 2.35
#shortputs FAS Rolled my June…
#shortputs
FAS Rolled my June 15th 69 Puts out and down to June 22nd 68 Puts for 0.12 credit.
FAS
#LongCalls #LEAPS – This morning it looked like I might get the nice surprise of the weekly expiring. Not gonna happen so have to take the roll. Picking up a buck of upside.
Rolled FAS JUN 15 2018 66.0 Calls to JUN 22 2018 67.0 Calls @ .02 credit
#shortputs Bought to close ROKU…
#shortputs
Bought to close
ROKU June 22nd 41 Puts @ .35. Sold yesterday @ .85. TTMAR Will reload later maybe as a synthetic or a covered synthetic if that is the right term.
X June 15th 37 Puts @ 1.14. Sold 6/7for 0.70. I decided to back away from this one instead of rolling due to the heightened rhetoric on Tariffs.
SPX calls closed
#SPXCampaign Closed $SPX June 18th 2800 calls for .75. I was going to sit on this one longer, but this rally is looking interesting… seems perhaps the China retaliation isn’t as bad as investors might have thought. Still holding long 2825 calls in case I can get a dime or more for them.
Spread sold yesterday for 2.05.
TNA
#LongCalls #LEAPS -Another position where the weeklies got annihilated. Set this one up prior to our unbalanced strategy. The LEAPS have about 13 dollars of profit in them that I’d like to keep as much of as possible.
Small adjustment to get the weekly call sales a little more rollable. This does give up some downside protection but preserves the potential gains already in the LEAPS. Rolling LEAPS up to finance a rollup of the weekly calls. You could look at this as closing a winner and resetting but I still consider the same trade until completely closed.
I don’t do this often but it worked great in an AMZN position last year…
Rolled TNA JAN 17 2020 70.0 Calls to JAN 17 2020 80.0 Calls @ 5.63 credit
Rolled TNA JUL 20 2018 75.0 Calls to JUL 20 2018 81.0 Calls @ 5.27 debit
LEAPS rolled up 10 but was only able to roll weeklies up 6. That’s ok though….pocketed some cash and accomplished the goal of getting the weeklies back in play. Hopefully roll them again next time and get them out of trouble. Get rid of them eventually and get the full profit out of the LEAPS.
AZO
#LongCalls #LEAPS – Thought about rolling the LEAP up to help roll the weekly higher but just going out a month instead to see if it continues up. Rolling the weekly up 10 points.
Rolled AZO JUN 15 2018 650.0 Call to JUL 20 2018 660.0 Call @ .01 credit
TQQQ Dividend next week…..not
TQQQ for Div’s has been a little confusing. TOS shows a 6%+ yield, but the TQQQ pro shares website shows only 3 dividends have been paid in 10 years, for a fractional penny. TOS could not help me w/ an answer to this, they suggested I email ProShares. I received a fast response confirming that they are on a quarterly distribution schedule, but the last div paid out was in 2015. So anyone in a TQQQ covered for next week, almost minuscule div risk on that.
IWM div is next week though!
TGT practice…
STO $TGT 20Jul 75 puts @ 1.30 when shares were 76.46
#ShortPuts
SQ
Jumped back into SQ last week…6/6 BTO Jan 20 60 call at 15.79…Need 0.19 per week to cover…STO 6/15 65 call at 0.53….Today 6/15 rolled out and up to 6/22 66.5 call for 0.51 credit #syntheticstock #syntheticcoveredcall
OLED Falling Knife
Sold $OLED Dec 21 55 puts @ 1.20 with the stock at 91.30
#FallingKnife
UVXY
#BearCallSpreads – Adding to December. Already short the 20/30 @ .85
Sold UVXY DEC 21 2018 15.0/25.0 Bear Call Spreads @ .84
RTN
#LongCalls #LEAPS -Long way to go on this one. If the 200ma doesn’t hold I’ll roll all my sales down there. For now selling cautiously…
Bought to Close RTN JUN 22 2018 217.5 Calls @ .05 (sold for 1.25)
Sold RTN JUN 29 2018 207.5 Calls @ .73 (75 percent size)
CELG
#LongCalls – Almost a scratch…replacing this week’s expiration.
Sold CELG JUN 22 2018 80.5/84.5 Bear Call Spreads @ .30
TSLA
GLD
#LongCalls #LEAPS -Replacing this week’s expiration. Was so close to getting out of this one. Haven’t liked it from the beginning. On the bright side only need 16 cents per week to scratch….
Sold GLD JUN 22 2018 122.5 Calls @ .32
OLED
#LongCalls #LEAPS – Replacing this week’s expiration…
Sold OLED JUN 22 2018 98.0 Calls @ 1.15
EWW
#LongCalls #LEAPS – Replacing this week’s expiration…just killing time collecting min required until (if) this thing reverses.
Sold EWW JUN 29 2018 45.5 Calls @ .28
VXX game
#VXXGame These were all traded yesterday, forgot to post…
Closed $UVXY July 20th 20 calls for .28. Sold for 1.20 last month.
Closed $UVXY Sept 20 call for .74. Sold for 2.75 on May 3rd.
Closed $UVXY Jan 2019 70 calls for .36. Sold for 6.52, average price, on Feb 5th and 8th.
Closed $UVXY Jan 2020 59 call for .90. Sold for 4.80 on April 6th.
Also, bought these highest strikes as future hedges against sell volatility:
BTO UVXY Sept 59 calls for .15, adding to my position
BTO $VXX Sept 105 call for .25
BTO $VXX July 20th 90 calls for .18, adding to my position
RH the only thing on…
RH the only thing on my screens that’s up
#Earnings And of course, that’s because I have ITM short calls expiring today.
SPX puts closed
#SPXcampaign Closed $SPX June 29th 2610/2585 put spreads for .40. Sold for 1.55 on June 1st. Closed this early to take pressure off my short put side in case this gets ugly. Got a couple ITM/ATM spreads now that I will roll at end of day if necessary.
BA SupaCha Eject
Defense stocks have taken a huge hit in the last couple days. Rather than trying to save the BA SupaCha box trade, I’m going to eject as Whiz would say. It isn’t cost effective to adjust by selling a call credit spread and buying a put debit spread nor prudent to double down.
#supercharger
#tos I have gtc bto…
I have gtc bto open order on and yesterday was div ex day I was looking for lower price to come to me for long term hold. and got this email from tos . has anyone else received in past something like this?
=————-
Dear Customer,
Please be advised that the following order has been cancel/replaced in your account ending in **** due to a dividend. The new order now reflects how much the dividend payout will be. You may change the order for this security via the trading platform or through the Trade Desk if desired. The order change is as follows:
Old order: BUY +500 WHFBL @25.21 LMT GTC+EXTENDED
New order: (Replacing #1821945515) BUY +500 WHFBL @24.80 LMT GTC+EXTENDED
Options Bistro 