Monthly Archives: June 2018

Unknown's avatar fuzzballl 12:57 pm on Wednesday, June 20, 2018
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Adding disaster puts? Hmmmm….

Something my brother came up with that seems interesting. Ticker isn’t important or the length of trade or the strikes. The point of the exercise is the curve on the graph during an implosion. Adding disaster puts only adds a few pennies to weekly sales required on these 2020 positions while practically eliminating long term downside risk. This example is FAS buying LEAPS slightly ITM and disaster puts 20 percent below the current stock price.

You can play with the numbers and strikes to get a suitable position. I’m kinda liking the disaster puts idea though…

FAS

#pietrades

Unknown's avatar jdietz1954 12:50 pm on Wednesday, June 20, 2018
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TWTR

#Coveredcall Sold the June 22nd 48 Call @ .35. Essentially a roll from yesterdays 46 Call.

Unknown's avatar jdietz1954 12:47 pm on Wednesday, June 20, 2018
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#Shortputs #pietrades Sold ROKU June…

#Shortputs #pietrades
Sold ROKU June 22nd 46 Put @.50

Unknown's avatar jdietz1954 12:42 pm on Wednesday, June 20, 2018
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DBX

#coveredcall Well having screwed up the position Monday I covered up my now uncovered stock with a June 22 43 call @ .46 this morning. When DBX hit my stop of 38.50 I closed the short call at .18 and sold the stock being filled at 38.10. Who knows maybe it will fall to the 50dma by Friday. Still have some 6/22 31 covered calls. Over all loss was $405. Not one to be repeated ever again.

Unknown's avatar thomberg1201 12:02 pm on Wednesday, June 20, 2018
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#shortputs SQ bought July 20,…

#shortputs SQ

bought July 20, 60 put for .64, sold June 8 for 2.40

Unknown's avatar thomberg1201 11:59 am on Wednesday, June 20, 2018
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#butterfly BIDU Followed the young…

#butterfly BIDU
Followed the young Bat July 20, 240/250/250/255 for .42 (bought 240 put, sold (2) 250 puts, bought 255 put), profitable above 244, currently at 262.

Unknown's avatar hcgdavis 8:27 am on Wednesday, June 20, 2018
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#pietrade updates. When the market…

#pietrade updates.

When the market gives you a gift early, take it an don’t ask questions so rolling/closing early and set up new trades.

Ok, so after #pietrades for 15 months straight here is what I have figured out works the best. Need a little bit of timing and a directional bias. Personally use the 4 hour chart as that seems to correlate well with the next week.
Higher premiums = easier to manage.
I am moving towards more ETFs as it gets rid of some of the single stock risk.
My current bull pen has contracted dramatically. Here is what I am trading and only about 3-6 on an every week basis, others are more weekly scalps.
True weeklies: AAPL, EOG, EXPE, IBB, XBI, LABU, FAS, TQQQ, TNA, UPRO, WDC, AMAT, SMH. Even with these I will try to time and do not trade every one every week.
All the others I trade are set up like #pietrades but they may only run a week or 2 depending on movement. LABU is on hold until a pull back. Up 25% in 3 weeks and I am not going to chase it but great premiums and will re-enter when we have even a little pull back. It was in the 80s 3 weeks ago, hit 112 today.

BTC LABU 96 and 92.5 puts for 0.1, 0.15 and 0.15 across 3 accounts.

New trades
EOG STO the next week 115 put for 1.1. Plan to trade this true #pietrade week to week. Has stabolized now that oil is in a range again.
WDC STO next week 78.5 put for 1.13 same as above but its range is now 78-87.5 or so.
FAS STO next week 66 p for 1.18 and will roll week to week.
STO TQQQ next week 61 p for 1.05 same.

Old trades still on
AMAT 51 CC rolled to 49 next week for 0.69 credit. Cost basis 51.54. Few more weeks and should be able to cover the earnings drop.
AMAT 50.5 cc rolled to next week 49 for 0.64 credit. Cost basis now 48.42 so will probably let is close and start over or use a different ticker.

Total income $3147 for the week so not a bad weekly pay check for a vacation week. Now go sit on my hands at the beach, actually can’t sit still that long. Will surf, SUP, kiteboard, windsurf, bike, depending on weather 🙂

Have a great week!

Unknown's avatar fuzzballl 8:07 am on Wednesday, June 20, 2018
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FB

#LongPuts #LongCalls #LongLEAPStraddles #PureProfit – I have no idea how this stock can be so high. I’m not a fan but I will trade it. Working both sides…

Puts:

Bought to Close FB JUN 22 2018 192.5 Puts @ .17 (sold for 5.60)

Out of the 5.60 the last 1.70 becomes #PureProfit in the position. The cost of the LEAP puts has been recovered now. On a 5 lot this should generate some nice income. With earnings coming in late July I’ll continue to sell aggressively.

Sold FB JUN 29 2018 200.0/180.0 Bull Put Spreads @ 2.30 credit. (I expect this to take some heat but that’s alright with call side needing a little pullback).

Calls:

Obviously difficult to stay up with the stock rise on the call side. Using my strategy of rolling up the LEAPS to finance the weekly call roll. This roll is out to just before earnings. Next roll can then be into the high IV of earnings…

Rolled FB JAN 18 2019 180.0 Calls to JAN 18 2019 190.0 Calls @ 6.85 credit
Rolled FB JUN 22 2018 177.5 Calls to JUL 13 2018 185.0 Calls @ 6.57 debit

Unknown's avatar Jeff 8:02 am on Wednesday, June 20, 2018
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Covered Calls

#CoveredCallCampaign
Stopped $FB June 29th 200 call for 3.45, Sold for 1.90 on June 1st.
Closed $FB June 29th 185 put for .23. Sold for 2.00 on May 31st

Sold FB July 20th 190 put for 1.60
Sold FB July 20th 210 call for 2.00.

Yesterday, stopped $AAPL July 6th 185 put for 2.85. Sold for 1.70 on June 8th.
Today, closed AAPL July 6th 197.5 call for .18. Sold for 1.90 on June 4th.
sold AAPL July 20th 180 put for 1.44.
Will sell new #CoveredCalls at highs.

Unknown's avatar generalmelchett 8:01 am on Wednesday, June 20, 2018
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AMZN

STC on the open with GTC order 22 Jun 18 1682.5/1692.5 call spread @9.40 with stock at 1743.22….BTO 14 Jun @ 7.80 with stock @1717.16 #supercharger…

Unknown's avatar thomberg1201 7:50 am on Wednesday, June 20, 2018
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#shortputs #postearnings #fallingknife ORCL Sold…

#shortputs #postearnings #fallingknife ORCL
Sold July 20, 42.50 put for .65, down about 3.00 to 43.60

Unknown's avatar fuzzballl 7:29 am on Wednesday, June 20, 2018
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OLED

#SyntheticStock – Just about the last of my old synthetic stock positions. Out to 2019 needing .95 per week to scratch. As this winds down I may add to the 2020 position. Still liking the premium in this.

Bought to Close OLED JUN 22 2018 98.0 Calls @ .05 (sold for 1.15)

Sold OLED JUN 29 2018 92.5 Calls @ 1.15

Unknown's avatar jdietz1954 7:13 am on Wednesday, June 20, 2018
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#shortputs Bought to close my…

#shortputs Bought to close my 44 Put on TWTR @ .17. Sold 6/15 for 0.87. Rolled to 6/29 45 Put for 0.85

Unknown's avatar smasty 6:55 am on Wednesday, June 20, 2018
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Jun 20 Sue Trades

AMZN “vol fly” Price is sliding down the T+1 line slope, so flattened delta by buying 10 shares of stock @ 1750.11.

SPX: #UndieBear I needed a little downside balance against my long portfolio, so here’s the first Undie bear. Bought Aug 2800 put x2 @ 60.50, sold 1x Jun27 2750 put @10.00. The ratio means there is no profit ceiling on a downside move. 20-day historical vol is under 10%, so buying low here. The trade has over 700 vega, any down move and this should explode.

AAL: Abandoned this position due to poor technicals. Net loss $434.00 on a 10×8 #Undie with a couple rolls. This was a July long too, so wanted to get as much salvage value as I could on the long before accelerated decay. This was a Mark Sebastian pick that I followed. At one point it had very nice profit, but I was piggie 🙂

GS: Rolled calls from Jun 22 to Jun 29, 235 to 232. Netted $946 on 5 lot on Jun 22, Jun 29 sold for $1.52x 5. This is another position I’m not happy holding. Earnings coming up in a few weeks, so I’ll collect some additional rolls on this. GS: Added an in-out put bear spread for more short delta: jul 13 230/225 @ 2.36 x4. I like to butterfly these after a favorable move to lock in some profit.

ROKU: Closed #Fundie for target 20% profit, $165 net. Will evaluate a reset. ROKU is dropping off the Fundie list, Ms. Cash and I have a list of about 22 good Fundie candidates, and ROKU didn’t make the cut.

MSFT: New #Fundie in the earnings cycle for a pre-ER price/vol run up. Jul 20 100 c x6@4.05/Jul 6 103c x -4 @ 1.04. Target profit is 20%, $805 (this target might be a bit high).

PYPL: Closed #Undie for $817 profit. I’ve had a couple of these lately where nice profits evaporated. Plus just found out I might be called away from the trading desk temporarily, so decided to TTMAR. It was a 16×13…so had higher risk.

MA: Closed #Fundie for $135 profit….might be called away on an emergency so clearing out a few things. This was a 3×2.

SPOT: Closed #Fundie for same reason as above. Up $540 today, net $70 profit. 3×2.

Unknown's avatar MamaCash 6:50 am on Wednesday, June 20, 2018
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AMZN supercharger closed for profit

BTO AMZN Jun22 1682.5/1692.5 BuCS @ 7.83. STC @ 9.40
STO AMZN Jun22 1682.5/1682.5 BuPS @ 2.20. BTC @ .40

For the record, the call side closed first by about two minutes.:-)

#supercharger

Unknown's avatar MikeL 11:15 pm on Tuesday, June 19, 2018  

@fibwizard What do you see…

@fibwizard

What do you see in the charts for SPX in the near future?

Unknown's avatar geewhiz112 7:03 pm on Tuesday, June 19, 2018
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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

Unknown's avatar hcgdavis 12:54 pm on Tuesday, June 19, 2018  

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.

Unknown's avatar Ramie 12:50 pm on Tuesday, June 19, 2018
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MGM = S&P500’s biggest % down move

Sold $MGM Dec 21 25 puts @ .78
#FallingKnife

Unknown's avatar MamaCash 12:23 pm on Tuesday, June 19, 2018  

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.

Unknown's avatar jsd501 12:17 pm on Tuesday, June 19, 2018  

AMZN

I forgot to post.

BTO June 29, 1705/1715 call spread @6.70

Unknown's avatar fuzzballl 12:09 pm on Tuesday, June 19, 2018
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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

Unknown's avatar Ramie 11:59 am on Tuesday, June 19, 2018  

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.

Unknown's avatar fuzzballl 11:59 am on Tuesday, June 19, 2018
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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

Unknown's avatar generalmelchett 11:12 am on Tuesday, June 19, 2018
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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

Unknown's avatar jsd501 10:20 am on Tuesday, June 19, 2018  

EXAS

BTO July 6, 60/70 call spread @7.15

Unknown's avatar MamaCash 9:37 am on Tuesday, June 19, 2018
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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

Unknown's avatar Jeff 8:54 am on Tuesday, June 19, 2018
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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.

Unknown's avatar Jeff 8:19 am on Tuesday, June 19, 2018  

Backseat trader

IMG_6581

Unknown's avatar jdietz1954 8:18 am on Tuesday, June 19, 2018
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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…..

Unknown's avatar thomberg1201 8:14 am on Tuesday, June 19, 2018
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#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.

Unknown's avatar fuzzballl 7:59 am on Tuesday, June 19, 2018
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SOXL

#ShortPuts #IRA – Throwing one out there for a starter…

Sold SOXL NOV 16 2018 90.0 Put @ 5.10

Unknown's avatar smasty 7:57 am on Tuesday, June 19, 2018
Tags: , DoubleFundie, DoubleUndie, ,   

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.

Unknown's avatar Jeff 7:07 am on Tuesday, June 19, 2018
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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.

Unknown's avatar Jeff 7:05 am on Tuesday, June 19, 2018
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SPX puts sold

#SPXcampaign. Sold $SPX July 19th (monthlys) 2625/2600 for 1.70.

Unknown's avatar Jeff 6:28 am on Tuesday, June 19, 2018
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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!

Unknown's avatar generalmelchett 4:05 pm on Monday, June 18, 2018  

Direxion Distributions

http://www.direxioninvestments.com/press-release/distributions

Unknown's avatar tabortrader 2:27 pm on 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

Unknown's avatar geewhiz112 1:47 pm on Monday, June 18, 2018
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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

Unknown's avatar thomberg1201 12:01 pm on Monday, June 18, 2018
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#shortputs MGM sold July 20,…

#shortputs MGM

sold July 20, 30 put for .43

Unknown's avatar Ramie 10:48 am on Monday, June 18, 2018  

CVS Nov

Sold $CVS Nov 16 60 puts @ 1.70

Unknown's avatar Ramie 10:40 am on Monday, June 18, 2018  

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.

Unknown's avatar Ramie 9:29 am on Monday, June 18, 2018  

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.

Unknown's avatar MamaCash 9:19 am on Monday, June 18, 2018
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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

Unknown's avatar Ramie 9:12 am on Monday, June 18, 2018  

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.

Unknown's avatar thomberg1201 8:40 am on Monday, June 18, 2018
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#shortputs #coveredputs FB I was…

#shortputs #coveredputs FB

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.

Unknown's avatar Jeff 8:19 am on Monday, June 18, 2018
Tags: CoveredCllCampaign,   

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

Unknown's avatar smasty 8:08 am on Monday, June 18, 2018
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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):

Fundies

Unknown's avatar Ramie 7:55 am on Monday, June 18, 2018  

BA put spread

Sold $BA Jul 20 335/325 BuPS @ 1.53 with the stock at 354.46

Unknown's avatar jdietz1954 7:18 am on Monday, June 18, 2018
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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.

Unknown's avatar Jeff 6:12 am on Monday, June 18, 2018  

Econ Calendar for week of 6/18/18

Be sure to periodically click Home/REFRESH to keep Bistro features updated.

Screen Shot 2018-06-18 at 6.11.33 AM

Unknown's avatar MikeL 1:39 pm on Saturday, June 16, 2018  

Buying shares to get the…

Buying shares to get the dividend.

Just wanted to check if buying shares on ex-div date would be sufficient to get the dividend.
Or do I need to buy a day early to account for the time to settle the trade?

Unknown's avatar geewhiz112 7:28 pm on Friday, June 15, 2018
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Today’s Trades Rolling IQ MZOR TWTR (Dizzying But Gathering No Moss)

#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

Unknown's avatar mortlightman 6:59 pm on Friday, June 15, 2018
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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.

Unknown's avatar generalmelchett 2:41 pm on Friday, June 15, 2018  

SPX

Expired 6/15 2795/2800 Becs. STO 6/7 for 1.10

Unknown's avatar smasty 2:20 pm on Friday, June 15, 2018
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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!

#fundie

Unknown's avatar Ramie 1:31 pm on Friday, June 15, 2018  

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.

 

 

Unknown's avatar jdietz1954 1:10 pm on Friday, June 15, 2018
Tags:   

Expiration

#optionsexpiration
Expired
BAC 30.5 C (Covered)
NUGT 26 C (Covered)
Have a great weekend all. Stay cool.

Unknown's avatar Jeff 1:07 pm on Friday, June 15, 2018
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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

Unknown's avatar geewhiz112 1:07 pm on Friday, June 15, 2018
Tags:   

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!

Unknown's avatar fuzzballl 1:02 pm on Friday, June 15, 2018
Tags:   

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)

Unknown's avatar Jeff 12:57 pm on Friday, June 15, 2018
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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.

Unknown's avatar jsd501 12:44 pm on Friday, June 15, 2018  

Have a nice weekend to everyone

I am going to the gym.

Unknown's avatar jdietz1954 12:42 pm on Friday, June 15, 2018
Tags:   

#CoveredCalls Rolled TWTR June 15th…

#CoveredCalls
Rolled TWTR June 15th 45 C out and up to June 22nd 45 C for .17 credit.

Unknown's avatar geewhiz112 12:38 pm on Friday, June 15, 2018
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SPX Campaign

#shortputs
$SPX STO 6/22 2750/2775 BUPS at 2.35

Unknown's avatar jdietz1954 12:01 pm on Friday, June 15, 2018
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#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.

Unknown's avatar fuzzballl 11:44 am on Friday, June 15, 2018
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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

Unknown's avatar jdietz1954 11:44 am on Friday, June 15, 2018
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#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.

Unknown's avatar Jeff 11:39 am on Friday, June 15, 2018
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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.

Unknown's avatar fuzzballl 11:37 am on Friday, June 15, 2018
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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.

Unknown's avatar fuzzballl 10:44 am on Friday, June 15, 2018
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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

Unknown's avatar smasty 10:30 am on Friday, June 15, 2018  

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!

Unknown's avatar tabortrader 9:24 am on Friday, June 15, 2018
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TGT practice…

STO $TGT 20Jul 75 puts @ 1.30 when shares were 76.46
#ShortPuts

Unknown's avatar generalmelchett 9:22 am on Friday, June 15, 2018
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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

Unknown's avatar Ramie 8:43 am on Friday, June 15, 2018
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OLED Falling Knife

Sold $OLED Dec 21 55 puts @ 1.20 with the stock at 91.30
#FallingKnife