#shortputs
$KHC BTC 7/20 52.50/57.50 BUPS at .10 STO in May at 1.40
#shortcalls
$TSLA BTC 7/20 400/350 BECS at 1.50 STO 6/8 at 6.00 Thank you @optioniceman. I get cold feet and so I am out.
#shortcalls
$IQ BTC 7/20 40 calls at .60. STO at 3.90 and 7.10
Daily Archives: Thursday, July 5, 2018
SFIX
Motley Fool has recommended this company, IPO was in 2017
#coveredcallcampaign GIS New Tradewise recommendation…
New Tradewise recommendation buy/write GIS Aug. 17, 45 covered call, I’m in at 44.49 for the stock and 104 for the call, ex div July. 9( not August,thanks to #tabortrader).
LABU
Rolled July 13, 98 calls to July 20, 99 calls for a credit of .95 cents and I only need .35 cents per week so I pick up an extra .60 cents and a point higher in the strike price. This is against my 2020 115 calls.
QCOM
BTC September 35 puts @.10, sold at .90 a long time ago. That is the last of my QCOM puts. China can do whatever it wants for now.
Closing some DUST
Taking these off for most of the profit. Didn’t want to wait another 6+ months for the last .50 or so.
Bought to close $DUST Jan 18 2019 50 calls @ .49. Sold for 4.10 on 11/29, 4.30 on 12/5 and 5.20 on 12/7.
NFLX
STC 6 JUL 380/385 CALL @4.70. BTO 6/26 @3.83 #supercharger
FB
#LongPuts #LongCalls #LongLEAPStraddles – Had been playing this one from both sides. The bounce today gets the overall position back to zero deltas. Since it’s only out to 2019 this is probably a good place to book it. Call side struggled a little but put side was great.
Sold to Close FB JAN 18 2019 190.0 Calls
Bought to Close FB JUL 13 2018 185.0 Calls
Sold to Close FB JAN 18 2019 160.0 Puts
Bought to Close FB JUL 20 2018 195.0 Puts
All said and done made 83 cents per contract on this wild experiment. (10 lot….5 each side)
PANW RHT
Rolled RHT Jul6 135c to Jul13 137c for .30 credit
Rolled PANW Jul6 205c to 207.5c for .50 credit
This takes care of all my Jul6 ITM short calls.
FAS roll
Rolled FAS Jul6 63c to Jul13 64c for .35 credit.
The ITM short calls in the Jul6 expiry are hitting me in the face today but profit is good so won’t complain.:-)
#unbalanceddiagonal
#shortcalls
TSLA Jul put spread
Could be printing a hammer. Sold Jul 280/270 BuPS @ 1.50.
TWTR short call
Rolled the Jul6 44.5c to Jul6 45.5c for .20 credit. This 2×1 ratio trade has been profitable since entry.
#unbalanceddiagonal
#shortcalls
NFLX supercharger
Sold NFLX Jul6 380/385 @ 4.70. Bot @ 4.39.
I didn’t manage this trade well. Adjusted from 10-wide spread to a 5-wide spread at the low giving up $2 potential profit.
#shortputs WBA sold July 20,…
#shortputs WBA
sold July 20, 60 put for .69, Walgreens dropped about 7 after earnings last week, appears to have stabilized.
#fuzzy XBI 87 2019 leap…
XBI 87 2019 leap and short 95.5 call rolled up to 96.5 and out to July 27 for 0.29 credit. Total risk and cost basis now down to 10.02 in 2 weeks. Initial cost was 10.63.
I think #supercharger and #fuzzy are the best for small accounts. This is only a 2 k account and up $300 in 2 weeks or 11% over that time. Also because of the spread it lowers the volatility.
Sitting on hands until next Thursday, the will roll everything out 2 weeks for vacation.
#earnings #shortstraddle #longstraddle Tastytrade 7…
#earnings #shortstraddle #longstraddle
Tastytrade
7 minutes on post earnings straddles, interesting numbers
https://www.tastytrade.com/tt/daily_recaps/2018-06-29/episodes/selling-cheap-straddles-after-earnings-06-29-2018
Joining LMT rocket
#Earnings #EarningsRunUp
Bought to open $LMT July 20th 310 calls for 1.00. I will assess the trade’s performance next Friday, 7 dte.
#shortputs #pietrades MU Sold July…
Sold July 13, 50 put for .62, MU at 52
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Gonna have to roll the DITM puts as best I can but at least the call side is back in play. I’ll be using the ratio method for the call side since there’s plenty of premium available. Puts have about $15 dollars of premium in them so far so their basis is around 342 against long 2020 300 LEAP puts.
Rolled TSLA JUL 6 2018 360.0 Puts to JUL 27 2018 357.5 Puts @ .19 credit
Sneaking in a double dip on the call side this week….
Rolled TSLA JUL 6 2018 320.0 Calls to JUL 6 2018 312.5 Calls @ 1.81 credit (6.81 total now)
XLY rolled short call
BTC XLY Jul6 109.5 @ .20, Sold @ .91
STO XLY Jul13 109.5 @ .71
Pre-earnings second layer
With pre-earnings, I recommend to use small position size and add layers on pullbacks. I’m adding to LMT and INFY today on the pullback. This is my own refinement of the CMLViz strategy. CML goes all in on the first trade. At 7 days before earnings, they use a 40% profit/loss stop.
Bot LMT Jul20 310c @ 1.30
Bot INFY Jul20 20c @ .29
#earningsrunup
IWM PYPL TQQQ rolling short calls
Rolled IWM Jul6 165c to Jul13 166.5c @ .90 credit
Rolled PYPL Jul6 83c to Jul 13 84.5c @ .97 credit
Rolled TQQQ Jul 58.5c to Jul13 58.5c @ 2.41 credit
#unbalanceddiagonal
#shortcalls
MamaCash
LMT pre-earnings. What is your limit for closing 20 JUL 2018 LMT call? BOT at $1.90, Currently at 1.20
#pietrade WDC 78 put expiring…
WDC 78 put expiring tomorrow rolled down to 77 next week for 0.18 credit.
Hopefully the tariff rhetoric and tweets settle down, costing me $.
Adding to PYPL
#LongCalls #LEAPs This is not the typical high-delta LEAP play… I first bought some of these calls back in November, and adding today at a slightly lower price.
Bought $PYPL Jan 2019 100 calls for 2.20.
Selling short term calls against it.
NEWS
This just in: German Chancellor Angela Merkel said on Thursday she would back a lowering of EU tariffs on U.S. car imports, responding to an offer from Washington to abandon threats to impose levies on European cars in return for concessions (Reuters). This is market bullish news.
Good Morning
Good Morning
Options Bistro 