Good morning from Hiroshima

#Earnings. Only trades this week… placed orders in premarket and was filled… didn’t get best prices of the day by any means!
Monday: Sold $SHOP Aug 3rd 140 puts for 1.40.
Tuesday: Sold $AAPL Aug 3rd 177.5/200 strangles, .75 each side (1.50 total). Calls are covered.

RTN

STO Aug 31 195/192.50 BuPS .80
a WIZ trade

#fallingknife #shortputs VRNS VRNS is…

#fallingknife #shortputs VRNS

VRNS is down 16%, 12 points, to just under 60. Sold Dec. 50 put for 2.05.

Taking some profits

Bought to close:
$JCI Oct 19 31 puts @ .19. Sold for 1.10 on 3/14.
$SWK Oct 19 115 puts @ .35. Sold for 1.35 on 4/20.
$SWK Oct 19 110 puts @ .30. Sold for 1.25 on 5/4.
$UPS Oct 19 80 put @ .03. Sold for 1.40 on 3/23.
$DIS Sep 21 90 puts @ .11. Sold for 1.48 on 5/9.
$DIS Oct 19 90 puts @.19. SOld for 1.75 on 5/9.

#earnings #ironcondor AAPL sold September…

#earnings #ironcondor AAPL
sold September 21, 170/175/205/210 for 1.42

TWTR

BTO Aug 17 33/31 BePS .96 #bitty put in order to close for 1.35 GTC

#fallingknife FDP is down 14%

#fallingknife

FDP is down 14%

AMZN

In my new TT Account
BTO Aug 10 1740/1742.50 1.85 #supercharger

#fallingknife #shortputspread CMG sold September…

#fallingknife #shortputspread CMG
sold September 21, 370/380 for 1.15

#shortcallspreads CAT closed 145/155 post…

#shortcallspreads CAT
closed 145/155 post earnings spread, made .48, thanks Ramie

FAS

BTC August 3, 69 calls and STC January 2020, 67 calls for a net credit of .25 cents in total. I could have held on but I think I was just using capital. Not all of these trades make money but at least I did not lose any on this one.

#fallingknife VRNS down 23% today

#fallingknife VRNS
down 23% today

PEP

BTC October 85 puts @.05, sold at 1.26

08:24 *US AND CHINA REPORTEDLY…

08:24 *US AND CHINA REPORTEDLY TO MEET TO RESTART TALKS REGARDING TRADE

Good Morning

Good Morning

TQQQ

I am out of all my bullish trades on this ETF. I picked up nice premiums and rolled for better strikes as well. Nice to be in cash right now. About 63% cash and still have a bearish trade on the TQQQ which I am under water on. I think it will be okay as I only need .25 cents per week and the expiration is in January 2019. There are a lot of good traders here and thank all of you for great ideas as well. Now if we could get the TQQQ down to the $40 level I can get back in.
Also, thanks to these trades I have made back 50% of my loss on the SVXY so far.

@fibwizard What is your take…

@fibwizard
What is your take on the market today? I’d love to know what you see on the NDX and SPX charts.

Adding a WDC position

Sold $WDC Jan 18 2019 55 puts @ 1.30.
I’m now short this ladder:
Oct 60 puts
Jan 60 puts
Jan 55 puts

Rolling up BIIB

Wanted to write some puts on this but I’m being a lot more disciplined these days about position size. So I’m just rolling up to a higher strike (13 delta) for a 4.00 credit instead of adding risk.
Bought to close $BIIB Jan 18 2019 220 puts @ 1.20. Sold for 3.70 on 6/18.
Sold to open $BIIB Jan 18 2019 270 puts @ 5.20.

IWM QQQ XLY risk twist

Opened some of DK’s famous risk twist trades. Typically, you put these on when the market is soaring in preparation for a downturn. In my case, I’m adding to the short side based on the downturn already in progress. Maybe too late.:-)
BTO IWM Bfly Sep21 164p/-156p/154p @ 1.61
BTO QQQ bfly Sep21 175/167/165 PUT @1.85
BTO XLY bfly Sep21 109/104/103 PUT @.85
#ShortBrokenFly

WYNN pre-earnings

Sold WYNN Pre-ER Aug3 167.5c @ 2.70 for 4% loss. Bot @ 2.80.
Sold early due to market weakness. Loss is minimal at this point so want to keep it that way. This is the last round of WYNN for me this quarter. Previous rounds 93%, 20%, 10%, and -2%.
#preearnings

Closing PM

Bought to close $PM Sep 21 75 puts @ .28. Sold for 1.70 on 4/19.

#pietrades In 2 separate IRA…

#pietrades

In 2 separate IRA accounts, small size
TQQQ buy writes at 59 and 60 cc for 58.69 and 57.95 debits.

Found an adjustment to these that will help returns. For IRA and other tax deferred account will be doing more buy-writes and straight covered calls, often ATM or a few strikes ITM. Will roll if at or near the money. If deep ITM will let assign and reset the following Monday.

For margin accounts will usually start with a put sale (better margin rates than cc) and then if assigned convert. That little tweak looks like it will be worth several extra percentage points over the course of a year. Also less holding through weekends when harder to adjust trades.

As of now looks like WDC will assign this week at 75 with a cb of 73.71 so will convert to CC next week.

Earnings adjustments

Keeping some upside risk but also adding some risk to the downside.
Sold LRCX Aug17 202.5 calls @ 1.15 against long post-ER 200 calls
Sold NVDA Aug17 277.5 calls @ .97 against long pre-ER 275 calls
Sold GOOGL Aug10 1282.5 calls @ 4.4 against long post-ER 1280 calls
#earnings

#Coveredcalls. Out for the morning….

#Coveredcalls. Out for the morning. Came back to more selling. Closed NUGT 8/03 24 C @ .04, ROKU 8/03 49 C @ 0.13, DBX 8/03 33 C @ .03. All for small profits which off set the DOCU puts below.
#ShortPut Bought to close DOCU 8/17 50 Put @ 2.02. for a 0.87 loss. Violated my Alert on the Puts at 2.00.

TWTR Falling Knife

I’ve never been a huge fan of this stock but now that it’s a member of the S&P 500 I’m gonna take a shot with some far out of the money puts.
Sold to open $TWTR Dec 21 22 puts @ .56-.57. Delta is 10.

#FallingKnife

Non-directional trades

Buying straddles and strangles in my favorite index/sector ETFs: DIA, FAS, IWM, QQQ, SPY and XLY.
Also only taking non-directional post-ER trades until the turbulence abates.
#strangles
#straddles

Closing CAT

Closing this for a .92 loss. Bought to close $CAT Aug 17 145/155 BeCS @ 3.14. Sold for 2.22 earlier.

AMZN

STO August 10, 1680 puts @ 5.50
BTO August 10, 1670 puts @4.20, converted this to a spread.

#shortputs #closing TRTN June 19,…

#shortputs #closing TRTN
June 19, sold an August 17, 30 put for 1.00, July 11, sold an Aug. 30 put for 1.35, bought them today for .40, earnings this week. I still have Oct. 35 and 40 rolled puts and 101.73 shares.

PYPL Jan

Sold $PYPL Jan 18 2019 67.50 puts @ 1.27 with the stock at 82.77. Delta 13.

TRTN #CoveredCalls STO 2 Oct…

TRTN #CoveredCalls
STO 2 Oct 19 35 covered calls @ 1.75, half position, CB 35.45. Looking for at least one more div distribution. Shares up 8.36% on Barrons positive article that trade war affecting container biz is overstated. Earnings Aug 3 BMO, see which way this goes before placing balance of option contracts.

AMZN Iron condor

STO 1900/1920 calls and STO 1680/1700 puts For a credit od 1.33 for August 3 expiration.

TQQQ

BTC August 3, 63 calls and sold My 2020 60 calls for a credit 15.20, I am still working on the rest of the trade but it will be a nice profit when I close out the rest of the trade.

AMZN put spread

Sold $AMZN Sep 21 1700/1680 BuPS @ 4.50.

Is this sell off being…

Is this sell off being caused by SPX rebalancing???

CAT call spread

$CAT ran into resistance this morning on the move up after earnings. Sold Aug 17 145/155 BeCS for 2.20.

Notable Earnings AM Mon:

AER, BAH, BLMN, CAT, DO, FDC, KMPR, L, LXRX, SPG, STX

Notable Earnings PM Mon:

ACHC, ALSN, ARE, AVB, BRX, CGNX, CHGG, CSLT, FET, FRAC, IDTI, ILMN, KLAC, NTRI, RIG, RMBS, RRC, RXN, SBAC, SCI, SHO, SPWR, TCO, TNDM, TXRH, UDR, UNM, VNO, WRI

Notable Earnings AM Tues:

ADM, AGCO, AME, AMT, APTV, ARNC, BP, CHTR, CMI, COMM, ECL, ERJ, ETN, FIS, HMC, HRS, HUN, I, IGT, INCY, IRDM, JCI, LL, MAS, NTLA, OSK, PFE, PG, RL, SABR, SERV, SHOP, SHPG, SLCA, SNE, SNY, TKR, VMC, VNTR, WDR, WEC, XYL

Notable Earnings PM Tues:

AAPL, ACGL, AKAM, APC, ASH, BIDU, BXP, CAKE, CHRW, DEI, DVN, ENLC, ENLK, ENPH, ES, EXR, FE, FISV, H, HCLP, HOLX, IQ, MB, MDR, MDU, MOH, NBIX, NBR, NFX, OKE, OLN, P, PAYC, QGEN, SKT, STAG, TEX, UIS, VRSK, WLL, ZEN

Notable Earnings AM Wed:

ADP, AMC, AN, AVA, BG, CG, CRTO, CZR, D, DBD, DM, ENR, EPD, ETR, GLPI, GPRE, GRMN, HBI, HPP, HUM, JHG, KLIC, MDCO, MTOR, NI, NNN, PEG, QSR, RACE, RDC, SPR, SSYS, SUM, TAP, TMHC, UNVR, VG

Notable Earnings PM Wed:

ADSW, AGO, ALL, APA, AR, ARRS, AWK, CECO, CENX, CF, CLVS, CNO, CONE, CRUS, CXO, DVA, DXCM, ESIO, EXAS, EXEL, EZPW, FEYE, FMC, FORM, FTNT, GPOR, HCC, HGV, HLF, KRG, KW, LNC, LPI, LSI, MAA, MAC, MET, MRC, MRO, MTDR, NTR, O, PDM, PK, PKI, PPC, PRU, PSA, QRVO, RYN, SGMS, SM, SOI, SQ, TDOC, TMUS, TRIP, TRMB, TROX, TS, TSLA, TTMI, UGI, VOYA, VVV, WMB, WPX, WTI, WYNN, X, XPO, YUMC

Notable Earnings AM Thurs:

ABC, AET, ALNY, AMAG, AMCX, APO, ARES, AROC, BCE, BDX, BLL, BSIG, CBRE, CDW, CHD, CI, CJ, CLX, CNQ, CNSL, CNX, COT, CTSH, DNOW, DOC, DUK, DWDP, EXC, FND, GEO, GIL, GOV, GPN, HCP, HFC, HMHC, ICE, ICPT, INGR, K, MD, MGM, MMP, NRG, PAH, PBF, PCRX, PF, PH, PWR, RCL, REGN, SBH, SEE, SFM, SHLX, SNDR, STOR, SYNH, TEVA, THS, TRP, TVPT, W, WLK, WRK, YUM, ZTS

Notable Earnings PM Thurs:

AIG, AIV, AMH, ANET, APPN, ATH, ATUS, ATVI, BGS, BMRN, BRKR, BRS, CARB, CBS, CC, CERN, CERS, CRC, EEP, ELY, EOG, ERI, FLR, FLT, GDDY, GPRO, HR, HTA, KTOS, LNT, MDRX, MSI, MTZ, NE, NVRO, PODD, REG, RMD, RP, RYAM, SEDG, SEP, SHAK, SRCL, SSNC, SYMC, TDC, TSRO, TTOO, TTWO, TWOU, VICI, WU, XLRN

Notable Earnings AM Fri:

AEE, AXL, BERY, BPL, CBOE, CNP, DISH, EAF, ENB, ESNT, ITT, KHC, LYB, NBL, PNW, RLGY, TDS

Notable Earnings PM Fri:

OHI

Overnight trades

I leave you crazy kids for one day and the Market goes haywire?

I’ve never traded blind before, but it’s working out okay so far. Set up some covered call management before bed. Was woken up by heavy rain (typhoon coming) about 2am (11am Portland time) and made a couple of adjustments.

Sold $FB Aug 17th 190 #CoveredCalls for 2.06 and 192.5 calls for 1.70
Sold $MU Aug 3rd 55 covered call for .80
Rolled $AMAT July 27th 46.5 covered call to Aug 3rd 46.5, .33 credit
Sold $PYPL Aug 17th 91.5 #SyntheticCoveredCall for 1.50. Missed the fill on more.
BTC $GUSH Aug 17th 50 call for .25. Sold for 2.15 awhile back.

#OptionsExpiration
— Expiring —
FB 227.5 & 230 calls
— Assignment —
FB 197.5 and 200 puts

Have a great weekend y’all!

#earnings #ironcondor CAT

Late fill sold Sept. 21 125/130/155/160 for 1.49

Trades and Expirations

#shortputs
$AMZN STO 9/21 1720/1730 BUPS at 2.75

Rolling
#shortputs
$EXAS BTC 7/27 68 put at 6.10 and STO 8/3 68 put at 7.10 Earnings 8/1

#optionsexpiration
$FSLR 55 call (covered)
$FB 230 calls
$GOOGL 1105/1115 BUPS

Assigned DBX stock at 32. Basis 30.30
$SPOT 190/200 BUCS Got caught in crap part of gap and crap. Total loss. Must pay attention and set GTC profit targets.

Have a great weekend. All the beer talk has made me thirsty. @jeffcp66 enjoy the vacation. Climbing Mt Fuji
seems really cool. Is it a difficult climb?

AMZN iron condor

BTO 1900/1920 call spread for August 3

STO 1680/1700 put spread for August 3 for a total credit of 1.85

LRCX

BTO Aug 17 202.5 Call STO Aug 10 205 Call .62 #postearnings
Thx MamaCash, I hope

INTC post-earnings

BTO Aug10 strangle 48.5c/46.5p @ 1.23
http://tm.cmlviz.com/index.php?share_key=20180727191728_PiDZV3978mL6NHza
#postearnings

TQQQ

#ShortPuts – Re-loading a starter position.

Sold TQQQ DEC 21 2018 45.0 Put @ 2.61

I’ll be looking out to Jan at the 40 and lower strikes on any more weakness…

TSLA

#LongPuts #LongCalls #LongLEAPStraddles – It’s gonna be another crazy trip on Mr. Toad’s Wild Ride next week with earnings. I rolled these calls down a couple times this week collecting more premium but they didn’t quite get taken out. I’m rolling straight out for next week to give my ITM short puts some protection.

Rolled TSLA JUL 27 2018 290.0 Calls to AUG 3 2018 290.0 Calls @ 10.10 credit (32.10 total now)

Not bad when figuring the 2020 LEAP calls only cost 69.45 and basis already reduced to 51.61…

Doing some more DUSTing

Sold $DUST Mar 15 2019 40 calls @ 2.00. Highest strike.

TQQQ

#ShortPuts #IRA – Just noticed this from earlier. Clearing out a little more to make room for the next implosion…these are the post-split numbers.

Bought to Close TQQQ JAN 18 2019 18.33 Puts @ .15 (sold for 1.33)

PYPL closed long strangle Aug…

PYPL
closed long strangle Aug 3 87.5/93, bought for 1.77 y’day and STC for 2.66.
thanks MamCash!

SPX Put Spread

STO SPX 9/21/18 2670 puts

BTO SPX 9/21/18 2650 puts

BTO SPX 9/21/18 1300 puts

1.10 credit.

DOCU All righty I’m a…

DOCU All righty I’m a sucker. Try again here. Sold DOCU 8/18 50 Puts @ 1.15 when DOCU was at 53.70.

LRCX post-earnings

Bot LRCX Aug17 200c @ 1.92
After LRCX moves up 5% in one day in response to earnings, LRCX tends to continue moving up over the next few weeks. LRCX is also forming a daily squeeze which makes this trade even more compelling. http://tm.cmlviz.com/index.php?share_key=20180727180410_UAlqLy1UC9kr46Au

#post-earnings

I had many GOOGL BuPS…

I had many GOOGL BuPS went in the money. Once I closed the losing one, I opened next week one, multiplying the number of options by 1.5. This way I compensate the loss.

FAS Now this is startling….

FAS Now this is startling. Bought to close my 7/27 71 Calls @ .05. Sold long stock @ 70.60. A rare success for the week. Big sigh.

Here came the sharks, shaking…

Here came the sharks, shaking the market, got there millions and now drinking the champagne.

Adjustments going into the weekend

I’m not bearish but I’ve been flying high and long for a few weeks and ready to reduce exposure.

Flipped my pre-ER long calls to call debit spreads or closed for small loss/profit.
Sold my post-ER long puts for profit.
Closed the synthetic portion of half my fuzzies but kept the protective puts.
Hedged all fuzzies and diagonals.
Bought VXX ATM calls in Aug 3, 10, and 17 expirations.

I’ve been planning to be flattish to short for the rest of the summer after next week but decided to get started today with the elevated VIX. If VIX is at the high near the close, will add more hedges.

FB TWTR earnings…

#Earnings – Taking a total loss of $177 dollars in my iron fly lottery tickets. It’s amazing that not even a 4.1% GDP can overcome the power of the Fuzz….how many billions of dollars of market value have I wiped out in two days??

🙂

😦

ADSK

#LongCalls #LEAPS – Finally a pullback to get rid of a non ratio position. Selling next week minimally and ratio’d…

Bought to Close ADSK JUL 27 2018 135.0 Calls @ .01 (sold for 1.50)

Sold ADSK AUG 3 2018 133.0 Calls @ 1.20

ERX

Rolled my ERX 27 JUL 39 Call out to Aug 10 40 Call for 0.65 credit…With this roll CB now down to 38.69…assigned at 42.50 back on 5/26 #pietrade

INTC Jan puts

Sold $INTC Jan 18 2019 42 puts @ 1.11. Delta 21.

TWTR INTC

Anyone selling puts? I want to get in the pie trade biz but I need the underlying to be low-priced. My trading accounts are not so big; however, growing them to largess is a primary goal. lol.
#pietrades

#pietrade

#earnings One good, EXPE up…

#earnings

One good, EXPE up 10.40 so the 115 puts crushed to .025 and since I don’t have any other trades lined up at the moment will let it expire.

One bad, WDC down 5.61 now. I am short the 75 puts for next week. About $300 left in time value so will let that erode a little more and roll it next week.

Everything else looks like it will expire or call out as I posted yesterday.

Biotechs down today, LABU down big so it may be a potential trade for Monday. Also looking at SMH 21 DTE #pietrade and a few others but too busy to look more than that today. Will find some over the weekend.

Have a great weekend!

#closing #shortputs CVS, APPN, WHR…

#closing #shortputs CVS, APPN, WHR
CVS July 20 sold Nov. 16, 57.50 put for 1.41, bought today for .97
APPN July 13, sold Aug. 17, 30 put for 1.35 bought today for .90
WHR July 25, sold Jan. 100 put for 1.84 bought today for 1.34

BABA earnings

BABA moved earnings from 8/2 to 8/23 (three weeks out). Now confirmed.
We can’t say that @fuzzballl didn’t warn us. lol.
#earnings

Morning all

Doing a bit of damage control, adjustments.
Rolled MU 58 Put out to Aug 03rd 58 P for .20 credit
Early assigned 100 MU at 58. Sold Aug 17th 58 Call @ .85
Bought to close Roku 46 Call yesterday @ 3.20. Man was that a stupid move. Trying to cover it up. No takers
I’m thinking my FAS will be called away @ 71 unless…. Assigned a 67 on 6/30.
Small position in TWTR covered with 7/27 47 Calls. Painful none the less. Will be selling calls to get back to even.
Hope your day is going well.

NFLX

BTO Aug 3 350/355 Call 3.95 #supercharger Order in to close 4.70
GOOGL
BTO Aug 3 1242.50/1247.50 Call 4.00 #supercharger Order in to close 4.70

AMZN

Yesterday I bought the 1780/1790 call spread that expires today for 5.60 and sold it for 9.90 this morning. I could have just let it expire today but I will let someone else make the .10 cents. The market feels a bit uneasy today.

#earnings #closing #shortstrangles TWTR Yesterday…

#earnings #closing #shortstrangles TWTR
Yesterday sold Aug. 17, 35/50 strangle for 1.54, bought today for 1.38, TWTR down 17% into the 35s, maybe a #fallingknife trade in the future.

EA

The EA trade was bonehead yesterday. The long vol crush was 23%, it killed the trade. Lost $644, but I made $380 scalping 10 AMZN shares after hours last night, and took $350 profit from the BA trade this morning. On EA, the risk graph was just not showing the danger, but the vega level was the warning. In the future I will split the time frames for analysis and apply better vol crush to each one.

The backtester shows an almost 100% success rate on BA (5 year test) with this trade: 1. 45DTE 2. sell 10 delta put x 10 3. buy 30/20 delta put debit spread x 2 4. close/reset at 50% profit. So I will be placing this trade this morning on a rolling basis. I will probably do 5/1 on qty. Excuse the “mouse writing” on the pic.

BA

LABU roll

BTC August 24, 104 calls and STO August 31, 105 calls for a credit of .35 cents against my January 2020 115 calls. In the 2 months that I will have this trade on, I will have reduced my cost by 20%.

NFLX

STC Aug 3 340/345 #supercharger 4.66 BTO 7/24 3.90

SQ

STC 72.50 Call 3.00 BTO 7/26 2.06 #earnings
2nd Time, will look to re-enter on a pull back

NFLX
STC Jul 27 347.5/350.0 BuCS 2.49 BTO 7/23 2.00 #supercharger

#earnings #closing #shortputs CMG Yesterday…

#earnings #closing #shortputs CMG

Yesterday sold September 380/390 for 1.27, bought this morning for .45

Good Morning

Good Morning

Thanks to all that posted…

Thanks to all that posted a suggestion to my AMZN bull put spread. I learned a lot from each of you.