Just talked with Pfizer CEO and @SecAzar on our drug pricing blueprint. Pfizer is rolling back price hikes, so American patients don’t pay more. We applaud Pfizer for this decision and hope other companies do the same. Great news for the American people!
Daily Archives: Tuesday, July 10, 2018
LMT pre-earnings
#PreEarnings #Earnings #Rolling
Sold to Close $LMT July 20th 310 calls for 3.00. Bought for 1.00 last week.
Rolled to: Bought $LMT July 27th 317.5 calls for 2.40.
#shortputs EWZ ENDP EWZ June…
#shortputs EWZ ENDP
EWZ June 7, sold Oct. 27 put for 1.21, bought today for .50
ENDP sold Aug. 3 10.50 put for .45, earnings Aug 3, stock down today after a move to over 11 yesterday from 6 after May earnings.
XLY hedge
I let my XLY long calls run unhedged for the last couple days based on Friday’s powerful rally. Added a BeCS hedge today using 5×3 ratio. Wanted a hedge based on NDX price behavior at 7300 roundy.
STO XLY Jul20 112.5/113.5 BeCS @ .31 x 5. Holding XLY Aug17 110c x 3 as core.
EWZ
BTC $EWZ 17 Aug 31 #ShortPuts @ .48 STO June 21 @ 1.25, about 10% over my 50% sell target and 38 days early.
TT “Cynthia, Rising Star interview” : new to options trading but has developed a system for future success while Tom asks questions every new trader should ask themselves. https://tinyurl.com/yasdwxjd
GOOGL, AMZN…
BOT GOOGL 20 JUL 1140/1145 Call Spread @3.95…GTC order in to close @4.70…
BOT AMZN 20 JUL 1695/1700 Call Spread @3.97..GTC order in to close @4.70…
#supercharger
BABA put
#CoveredCallCampaign Earlier, closed on GTC order: $BABA July 20th 180 put for .29. Sold for 2.88 on June 26th as part of a #StrangleRoll. Looks like the 202.5 call side will probably close on its GTC order in a couple days.
FAS roll
BTC July 20, 68 calls and STO July 27, 68.5 calls for a credit of .20 cents.
MRVL roll
Sold Aug17 21c and bought Aug17 22c for .64 credit. Rolling long call delta down from 76 to 63.
Still holding Jul20 22.5 short call for extrinsic.
My goal is to pull enough cash out to cover the trade. This tactic only works in a rally or a bullish trend. I won’t share all of these trades but a couple people asked for more info. @mortlightman
#unbalanceddiagonal
DIA roll
Rolling both core position and call credit spread.
Sold Aug17 245c and bought Aug17 247c for 1.45 credit. Rolling long call delta from 70 to 60.
BTC Jul20 249/251 BeCS and STO Jul20 251/253 BeCS for .43 debit. Switched from short call hedge due to current market conditions.
This is the third time I’ve rolled my DIA core from a 70-80 delta to a 60-65 delta. Rolling the core delta down allows me to maintain my 3×2 ratio trade while pulling cash out to pay for trade. This is a free trade now. @mortlightman
#unbalanceddiagonal
LMT pre-earnings roll
Bot LMT Jul27 312.5c @ 2.00 x 2. Sold @ 3.90.
Used proceeds for another round. Bot LMT Jul27 317.5c @ 2.35 x 2
#earningsrunup
#speculation PRTK Not a recommendation,…
#speculation PRTK
Not a recommendation, just an article I ran across. Premium doesn’t seem all that high.
https://seekingalpha.com/amp/article/4185905-paratek-pharmaceuticals-three-pdufa-dates-one-option-trade
WYNN another round of pre-earnings
Bot Jul27 172.5c (30 delta) @ 2.35 x2.
This is based on a 14/1 CML study and a turnaround story on the chart.
#earningsrunup
MNK rolling long term covered calls
Just closed the July 30 covered calls for .50 (sold for 1.44 in Jan) and reinitiated in Jan 2019 (at 30 strike) for 1.20. Pretty good premium and still allows room for around 50% increase in the stock price.
LABU roll
BTC July 27 100 calls and STO August 3, 101 calls for a credit of .32 cents.
#shortputs #closed WBA CRUS July…
#shortputs #closed WBA T CRUS
July 5, sold July 20, 60 put for .69, bought today for .17, stock at 63
June 26, sold July 27, 30 put for .47 (thanks @fuzzball) bought for .12, stock at 32.20
CRUS sold July 27, 41 put for 1.05, earnings Aug. 1, stock at 41.
BA NVDA WYNN
Bot BA Jul27 360c @ 2.80 ydy for pre-ER. Sold @ 3.85.
Bot NVDA 240/245c @ 2.35 for supercharger. Sold @ 4.
Bot WYNN Jul27 162.5c @ 3.15 on July 5. Sold @ 6.05.
#earningsrunup
#supercharger
Options Bistro 