FYI
RHT is down about 12% in after-hours trading.
MED down 12%
STMP down 10%
TUP down 9%
SHOP had a pullback of 4%
Daily Archives: Thursday, June 21, 2018
Rolling IQ TWTR FB Calls / ALRM Long Calls / ALRM WYNN TQQQ KEM Short Puts / Rolling SQ Puts
#shortcalls
Rolling
$IQ BTC 7/20 25 calls and STO 7/20 40 calls at 11.50 debit
$TWTR BTC 7/20 40 calls and STO 7/20 44 calls at 3.00 debit
$FB BTC 1/2019 190 calls and STO 1/2019 205 calls at 8.50 credit
#longcalls
$ALRM BTO 7/20 40 calls at 1.40 Stock downgraded by GS.
#shortputs
$ALRM STO 7/20 37.50 puts at .85
$WYNN STO 7/13 167.50/172.50 Thank you @kathycon
$TQQQ STO 7/13 80 puts at 2.12 Thank you @jeffcp66
$KEM STO 7/20 24 puts at .80
Rolling
$SQ BTC 7/6 58 put and STO 7/6 65 put for added 1.00 credit
MU #ShortPuts #PIEtrade Joined to…
MU #ShortPuts #PIEtrade Joined to group. Sold June 29th 59.5 Put @ 1.25 when Mu was at 60.23.
LABU
#LongCalls #LEAPS – I’ll jump in this with you guys. Premiums great so can’t get hurt too bad even with that big ‘ol red bar today. 40 percent size here for a starter.
Bought LABU JAN 17 2020 110.0 Calls @ 31.00
Sold LABU JUN 29 2018 112.0 Calls @ 2.45
Payoff by Jan 2019 and Jan 2020 is .98/.25
Playing this as my standard entry for first two weeks. Sell max calls and roll if negative deltas are reached. If negative deltas reached a second time then book it.
VXX call spread
Borrowing a trade from TT (Nick) but I went a strike higher on the spread. Sold $VXX Jul 20 36/41 BeCS @ 1.00 with VXX at 34.81. Being that this is the July expiration, it should decay rapidly when volatility starts coming back in.
Jun 21 Happy Summer!
1. SPX #UndieBear I just took $1290 profit in one day. This is a highly responsive trade to the combo of vol increase and price decrease. Market Profile is showing a developing 45 degree line for today, meaning folks are getting short in the hole. So decided to take profits. (Whoops scratch that on the 45 degree line, it looked like it was holding as support, but it broke)
2. Was at the hospital all day so took off the AMZN “vol fly” at the open so I wouldn’t have to manage it. Saw an $88 loss. I slipped in the close order before the drop in AMZN…it would have been fine in my fly range, but would have had some short term pain on it.
3. New AMZN trade: AMZN/XLY #DoubleRatioUndie AMZN is too expensive to double-undie, so I’m using XLY as a proxy for the put side. AMZN: Aug 1700c x2@106.15/Jun 29 1745c x-1 @19.30 XLY Aug 113 p x10 @2.93/June29 111p x -8@.63. The XLY side removes about 20% of the risk on the AMZN side.
4. TQQQ roll #Saf-T : Rolled Jun 22 to Jun 29, netted $4660 on the Jun 22’s. Rolled same qty but dropped to 62.5’s for 1.38.
5. Added an MU #DoubleRatioUndie at the open this morning: Sep 57.5c x10 @7.65/Jun 29 62c x -8 @1.39, Sep 62.5p x 2 @5.35/Jun 29 60 p x -1 @1.15. Max loss about $4800, gain at $62 next week is $1302. Premium sold for next week = 16% of risk.
Only two things left to manage tomorrow: CVX and IWM.
TSLA battery draining
If you like charts this looks like a bearish development on the daily. Stock down almost 15 points, about 4%. If it closes below Tuesday’s low of 346.25, which is near the S2 pivot point (stock currently at 346.95), I think the next stop could very well be the 200 day moving average, currently around 323.
#bullputspreads AMZN and NVDA are…
AMZN and NVDA are not working well today for my #bullputspreads. I am always having difficulties with spreads vs. naked puts.
How do you manage your spreads, do you let them run, because of capped loss, or do you close them at 1-2 times the premium received?
I have
NVDA Jun22 -257.50/+252.50 sold @ 0.63
AMZN Jun29 -1690/+1680 sold @1.00
What is your approach?
EWZ
#ShortPuts #IRA – Thanks @tabortrader for the reminder. Adding to my ladders…
Sold EWZ DEC 21 2018 30.0 Put @ 2.51
Sold EWZ JAN 18 2019 29.0 Put @ 2.24
Sold EWZ JAN 18 2019 28.0 Put @ 1.87
#fuzzies #longcalls KR Driving across…
Driving across I76 toward Denver listening to all my rowdy friends have settled down sold Oct. 24 call for 4.95, bought for 2.40,currently unhedged by chance only, KR up big after earnings
EWZ
#ShortPuts
STO 17Aug 31 put @ 1.25 shares at 32.01. Idea from Dr. Data, TT, EWZ down 31% from Feb highs…
ROKU #coveredcalls Rolled my June…
ROKU #coveredcalls Rolled my June 22nd 44.5 call out and up to June 29th 46 call for .10 credit.
Back in fuzzy land
I’ve been eyeing the LABU chart as many of you trade it. Decided to dip my toe in with a fuzzy because I can more easily limit my risk.
BTO LABU Jul20 110c/110p/107p (1,-1,1) @ 6.20. Sold Jun29 115c @ 2.15.
#fuzzy
Trades
#CoveredCallCampaign. Sold $AAPL July 20th 195 calls for 1.37, rolling from yesterday’s stopped put.
Stopped $TQQQ July 6th 64 calls for 1.80. Sold for 1.35 on June 13th.
Sold TQQQ July 13th 60 puts for 1.45
Sold $SQ July 6th 66.5 put for 1.43
Stopped $PYPL July 6th 87 call for 1.56. Sold for 1.15 on June 5th.
Sold PYPL July 20th 83 put for 1.18
Selling calls in TQQQ, SQ, and PYPL the they get a little higher.
UVXY
#BearCallSpreads – Sold UVXY JAN 18 2019 15.0/25.0 Bear Call Spreads @ .99
Mama Cash summer kickoff
On pullback, added Fundies in FB, PANW, SSO, TNA, TQQQ, XLY. Jul20/Jul6 3×2, 63/45 dte.
Converted BA and DIA from unbalanced long diagonals to bear call spreads. Charts are broken. Attempting to get back to even.
ILMN Supercharger closed for profit. STC ILMN Jun22 275/280 BuCS @ 4.70 (2). Bot @ 3.91
#fundie
#unbalanceddiagonal
#supercharger
Leaps
I was thinking about these and am not sure which is the best strategy so here is my idea. Take the TQQQ and LABU which IMHO, the long term trend is up. Since that is the case, should one try for the most premium or just enough to cover the cost of the leaps by the expiration. SO I am going to try both in LABU.
I have bought the 2020, 84.87 leaps at 27.15 and sold the short calls for 8.80 out to July 20, but I am short the 86 calls and now need to keep rolling them but, it is hard to get a better strike price and premium.
Today, even though my timing was horrible, I bought the 115 call and sold the June 29, 129 calls for .83 cents which is just enough to cover the weekly . I will try to get a better strike each week and if the long term trend remains up, I should make nice profit faster than the first trade.
AMAT
#LongCalls #LEAPS – I’ll jump in this with you guys. Premiums decent and earnings not until mid August.
Bought AMAT JAN 17 2020 50.0 Calls @ 7.70
Sold AMAT JUN 29 2018 50.0 Calls @ .49
Payoff by Jan 2019 and Jan 2020 is .25/.09
Playing this as my standard entry for first two weeks. Sell max calls and roll if negative deltas are reached. If negative deltas reached a second time then book it.
ADSK
#ShortStrangles – One of two positions in this one. Selling short term calls against long term short puts. A welcome pullback today for a nice roll. Earnings not until late August…
Rolled ADSK JUN 22 2018 135.0 Calls to JUL 20 2018 139.0 Calls @ even
GLD
#LongCalls #LEAPS – Been in it awhile and not a fan. Breakeven is the goal here. Selling carefully at about a 70 percent ratio to the long LEAP calls. Been caught in a couple whipsaws in this thing already…
Bought to Close GLD JUN 22 2018 122.5 Calls @ .01 (sold for .32)
Sold GLD JUL 6 2018 121.5 Calls @ .49
GOOGL
BTO June 29, 1150/1160 bull call spread @ 7.35
#coveredcalls Bought to close my…
#coveredcalls Bought to close my June 22nd 48 Call @ .03. Sold yesterday for .35. I will cover with June 29th call if there is a bounce. TWTR looks to be forming a high base. Day 6 in this range. Volume has tapered off after the breakout.
LABU
BTO January 2020, 115 calls @ 33.54
STO June 29, 129 calls @ .83
I need .40 cents per week to break even. Even though I am getting good premiums on the short dated calls, I find that I am missing out on the gain in the leaps and am not getting much premium on the rolls.
#pietrade MU STO 59.5 put…
MU STO 59.5 put at 1.06 for next week.
Last trade until next week.
One more note on #pietrades. I have moved 60-80% of my portfolio to true #pietrades. 20-35% is one time opportunities and usually a #pietrade type scalp or earnings play or a #fuzzy, and 5% true speculative. I am trying to create and income replacement machine and seems to be working. Just need to avoid big losses like SVXY.
MU earnings
#Earnings. Due to my travels I wasn’t able to post this yesterday, but I sold $MU June 22nd 56 puts for .87, closed this morning for .04.
Options Bistro 