What do you see in the charts for SPX in the near future?
Daily Archives: Tuesday, June 19, 2018
TRTN TNDM BA Puts / SPLK Roll / IQ Calls SPX Campaign
#shortputs
$TRTN STO 7/20 35 puts at 2.10 Replacing the June expired puts. You go @thomberg1201
$TNDM STO 7/20 17.50 puts at 1.40
$BA STO 7/20 325/335 BUPS at 1.40 Thank you @ramie77
#Shortcalls
$SPLK BTC 8/17 120 calls and STO 8/17 125 calls for 1.50 debit but could gain $5 if called. Rolled several times. Basis at 105.90. Stock at 116.74
#longcalls
$IQ STO 40/45 BUCS at 2.10 Thank you @ramie77
#spxcampaign
$SPX STO 7/20 2600/2625 BUPS at 1.60 Thank you @jeffcp66
SRPT, if anyone was long…
SRPT, if anyone was long that is a lottery ticket, up 44% today as their muscular dystrophy drug shows promise. I think this is what is pulling LABU up. Only 1.4% of LABU that I can find but a big move like that will pull it along.
MGM = S&P500’s biggest % down move
Sold $MGM Dec 21 25 puts @ .78
#FallingKnife
TNA Fundie Closed
BTO TNA Jul13 86.5c @ 4.33, STC @ 5.75 x3
STO TNA Jun28 89c @ 2.08, BTC @ 3.15 x2
Profit: 12%, $105
Calculated gross profit rather than net. Now updated with correct amount. Thanks @fuzzball.
AMZN
I forgot to post.
BTO June 29, 1705/1715 call spread @6.70
UPRO
#ShortPuts #IRA – First time in this one so selling some conservative positions. Hopefully can add on more of a pullback.
Sold UPRO DEC 21 2018 35.0 Put @ 1.66
Sold UPRO DEC 21 2018 30.0 Put @ 1.05
Sold UPRO JAN 18 2019 35.0 Put @ 1.99
Sold UPRO JAN 18 2019 30.0 Put @ 1.25
EDIT for ticker symbol. Was borrowing a copy/paste from OLED…LOL
SWKS put spread
Taking a bullish position in an $AAPL supplier:
Sold $SWKS Jul 13 95/90 BuPS @ .63 with the stock recovering a bit now at 99.45. Delta of the short put is 24.
I chose the Jul 13 (weekly) expiration not the July monthly since several earnings sources are estimating the report coming out the following week, before the monthly (7/20) expiration.
OLED
#LongCalls #LEAPS – Couple positions in this thing. These are sold against the 2020’s. Goal here is 74 cents per week to have LEAPS covered with a year to go…
Bought to Close OLED JUN 22 2018 100.0 Calls @ .05 (sold for 1.25)
Sold OLED JUN 29 2018 94.0 Calls @ 1.00
NFLX
STC on GTC order 6/22 375/380 call spread @ 4.70 with stock at 401.93… BTO 6/14 @ 3.87 with stock at 392.18..Thankyou @kathycon and @hcgdavis. #supercharger
EXAS
BTO July 6, 60/70 call spread @7.15
Pre-Earnings Momentum
One of my favorite strategies is to buy calls ahead of earnings to capture profits from the almost inevitable price momentum and vol expansion of high-flyer stocks. The key to success is to close these trades before the report to avoid post-earnings risk. I use CMLViz to backtest and only take trades with a high probability of winning AND an even distribution of trade profits over multiple quarters. GOOGL and NFLX are among my favorites along with ADBE, BA, MSFT and others.
BOT +1 GOOGL 27 JUL 18 1230/1260 CALL @6.80. GTC order to close for 40% profit @ 9.50. Earnings 7/23
BOT +1 NFLX JUL 18 415/435 CALL @5.77. GTC order to close for 40% profit @ 8.08. Earnings 7/16
GOOGL trade closed for 40% profit at 9.50 in less than 24 hours. Jumping in for another round.:-)
NFLX trade closed for 40% profit @ 8.08 in less than 24 hours. Jumping in for another round of Jul20, long strike 20d.
If trades close for profit quickly, I’ll do multiple rounds on the same underlying in the same quarter.
#Pre Earnings Momentum
SPX puts stopped
#SPXcampaign. BTC $SPX July 13th 2685/2660 put spreads for 2.75. Got up near 4.00 at the lows but got out on the bounce. Would have preferred rolling lower but now I will wait and roll into a condor, or maybe if we dump again tomorrow morning. Sold for 1.60 last Wednesday.
Backseat trader
TWTR
#Coveredcalls Bought to close my June 22nd short Call @ .42. Sold Friday for 1.42.
DBX Mia culpa. Closed yesterday 1 of my June 22 31 short calls at 12.09. Whaaa! Brain fart. Somedays…..
#shortputs TRTN sold Aug 17,…
#shortputs TRTN
sold Aug 17, 30 put for 1.00. There could be some trade war risk with TRTN, always a tip of the hat to #tabortrader for this ticker.
SOXL
#ShortPuts #IRA – Throwing one out there for a starter…
Sold SOXL NOV 16 2018 90.0 Put @ 5.10
Jun 19 Sue Thread
Hi Everyone! I’ve got a little rolling activity here:
BA: First this was a #DoubleUndie from Jun 14. In two accounts I had to close the 2×1 put ratios due to the extrinsic on the short puts running out of gas. This brought a profit of about $2900. Then I rolled my Jun 22 365 and 372 calls to July 6 365 calls, and added extra calls to convert the trade from an Undie to a #Diagonal . I netted $2742 on the Jun 22 calls. My net credit accrual on BA = 73% of the losses (I rechecked my math, was way better than I thought). So there is damage control to be done. One of my longs is Aug, one is Sep….so lots of rolling opps here. I have the spirit on this one to fight it out 🙂 I’ve got good starting baseline numbers, so I’ll always know where I am in recovery of losses.
SPY: Rolled some #Saf-T trade calls from Jun 20 to Jun 27. Netted $737 on the rolls. The Jun 20 calls were pretty cheap due to divs last week and lowered premium. I rolled from 278 to 277 for .71 on the new 277’s. BTW, all the Saf-T puts are up huge…they be doing their job.
Coming into the week I had $17,917 in short call premium (Jun 22 exp)….it’s helping, but it’s quite an ugly day here.
MCD: Rolled Jun 22 calls to Jun 29, collected $444 on the jun 22 170’s and rolled to 167.5 @.94 and added qty 2. This converts Undie to #Diagonal.
NFLX: Converted #Fundie to #DoubleFundie using this strong day to cut risk. Added a Jul 13/Jun 29 2×1 put ratio. Before add on max risk: $4000; after add max risk: $1110. Nice profit opp still in the trade, $800-$1200 on small continued upside. Downside BE shifted to $386. Jul 13 397.5 p x2 @14.05, Jun 29 390 p x -1 @7.05.
NFLX: Closed full position for $789 net profit
LMT: I guess the senate blocked their delivery of jets to Turkey. Did a partial roll of calls (qty 4 in 2 accts) from Jun 22 to Jun 29 rolled from 317 to 315. Netted $1208 on the Jun 22. Sold Jun 29 for only .68. Still have 2 calls at a diff strike to roll this week.
SQ strangle
#LEAPs #syntheticcoveredcall. Sold $SQ July 20th 62/71 strangles for 2.81, as a roll from yesterday’s stopped calls.
Also, #CoveredCallCampaign
Closed on GTC order: $BABA June 22nd 215 #CoveredCalls for .20. Sold for 2.00 in May.
SPX puts sold
#SPXcampaign. Sold $SPX July 19th (monthlys) 2625/2600 for 1.70.
Good morning, on the road, Eugene to Sausalito
#Markets Trending higher off the overnight lows… continuing salvos in the trade war keeps knocking us back overnight and then we creep higher into the close. Which way will it break? VIX topped at 14.68 a few hours ago, short of another warning. I am staying long, watching for some short term shorts if given the chance. $AAPL taking a hit pre-market, but not seeing much else under strain (except AMAT and OLED, smaller, annoying positions).
I’ll be in and out today. Probably trading from the car if I can get my stepson to drive!
Options Bistro 