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Daily Archives: Monday, June 18, 2018
FYI
Annuities to cover a “Back Swan” event, you say? In the course of an insurance policy review I touched on option trading and low-and-behold the agent had a product to suggest…fancy that! It’s an annuity hedge for market downside, as if we don’t know about long puts…oops…shades of Feb 5. Anyway, I thought y’all might be interested in its structure, or not. I’m not buying, selling or recommending, I don’t know how much it costs, keep or toss. Have a great evening.
https://us.axa.com/axa-products/retirement-planning/variable-annuities/structured-capital-strategies/index.html
P.S. AXA is on the NYSE as ticker EQH
SPX Campaign Closed Early
#spxcampaign
$SPX BTC 6/22 2595/2620 BUPS at .10 STO at 2.60 on 5/29 Have one tranche left that hopefully will expire
$SPX BTC 6/22 2550/2575 BUPS at .05 STO at 1.35 on 5/26 Thank you @jeffcp66
#shortputs MGM sold July 20,…
#shortputs MGM
sold July 20, 30 put for .43
CVS Nov
Sold $CVS Nov 16 60 puts @ 1.70
Closing REGN
Taking off my last position in this old Fuzzball favorite. I’m out of this stock completely now and will look to re-enter on the next big move.
Bought to close $REGN Aug 17 240 put @ 1.15. Sold for 5.70 on 2/13.
BIIB Falling Knife (of sorts)
Actually probably just a pullback within the uptrend (it’s not even really testing the 50dma). So maybe more of a dropped butter knife from the dining room table. Safer to catch anyway.
Sold $BIIB Jan 18 2019 220 puts @ 3.70 with the stock at 287.89. Delta 10.
Going long on the pullback
WYNN at key support from Mar 28. Expect short sellers to get squeezed.
BTO Jul13 177.5/192.5 BuCS @ 4.20. STO 172.5/167.5 BuPS @ 1.51
TSLA reaching for $400 and won’t stop
BTO Jul13 380/400 BuCS @ 4.90. STO Jul13 337.5/332.5 BuPS @ 1.37
ISRG tight consolidation pattern from June 5. And I love this stock.:-)
BTO Jul20 490/505 BuCS @ 6.74. STO Jul20 477.5/472.5 BuPS @ 1.65
#longcalls
INTC puts
Sold $INTC Jul 20 50 puts @ .54. I may consider taking assignment at 49.46 if the stock continues down over the next month.
#shortputs #coveredputs FB I was…
I was assigned 99 short shares over the weekend, (had 1 existing share with a decent gain), basis is 183. Sold a June 22, 190 put for .31 on maybe the worst day to be selling puts in FB but it’s a start.
Good morning, from Eugene, OR
Here for my stepson’s graduation from University of Oregon. After that, we’re off to Napa for a family get-together.
#LEAPs #CoveredCllCampaign.
$SQ breaching call strikes again.
Closed $SQ July 6th 65 calls for 2.49. Will roll later.
Closed $SQ June 29th 57.5 put for .15
Closed $SQ July 6th 58 puts for .33
Sold $SQ July 13th 67.5 call for 1.63
June 18 Sue Thread
ADBE: First #Fundie close for 20%, $425 in one day. This was a 30/14 3×2 time ratio. Trade reset immediately as per the backtest: Jul 13 252.5 x 3, jun 29 257.5 x -2 @ 18.35. I am starting with positive gamma/positive theta on this trade…which is kind of a unicorn 🙂
ROKU: Closed #Undie for $844 profit, reset as a #Fundie Jul 13 43.5 call x3, Jun 29 46.5 call x-2 @8.07.
On both of these trades I should have shifted dates to Jul 20/ Jul 6.
SPOT: #Fundie new test trade here: Jul 20 170 call x3 @10.20 Jul 6 177.5 c x -2 @4.30, target profit $440 for 20%.
MA: New #Fundie Jul20 197.5c x 3, jul 6 202.5 c x -2, @15.20 $300 target profit for 20%.
Here’s backtests on these (parameters: 30 day 63 delta long, 14 day 45 delta short, take profit at 20% and reset):
BA put spread
Sold $BA Jul 20 335/325 BuPS @ 1.53 with the stock at 354.46
Morning All
#coveredcalls Sold June 22nd 26 Calls @ .18 when NUGT was at 24.63 against my long stock. Basis on the long stock is down to 25.
Econ Calendar for week of 6/18/18
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Options Bistro 