BTO Sep 21 119C 119/117 BuPS #Fuzzy 2.50
Thx MamaCash
Daily Archives: Tuesday, July 24, 2018
Avoiding #earnings #rolling WDC July…
Avoiding #earnings #rolling #shortputs WDC
July 9, sold 76 put for 1.23, rolled to September, 75 put for .92, earnings are July 26, WDC down a little over a dollar to 75 and change today.
SPX Campaign
#spxcampaign
$SPX STO 8/3 2885/2860 BECS at 1.85
ROKU #Coveredcalls With ROKU down…
ROKU #Coveredcalls With ROKU down at the 20dma and possibly poised to go lower I bought to close my 7/27 50 calls @ .15, originally sold for 1.15 and sold the 7/27 46 calls @ 1.18. My original entry on the stock was 46 back on 6/30 from an assignment. I will probably take assignment here if it happens and look to sell Puts lower down on the food chain.
LABU roll
BTC August 10, 102 calls and STO August 17, 103 calls for a credit of .30 cents
Moving from ratios to fuzzies
Due to low IV, I’m moving to fuzzies for my core trades. On Friday, I closed my ratio trades: DIA FAS IWM PANW RHT SSO TQQQ TWTR XLY all for profit except TWTR. I was able to roll long call deltas down multiple times to collect income on most of these trades. It was a good run in July.
Opened new fuzzies yesterday, Aug24 expiration: DIA, IBB, IWM, QQQ, and SPY. Will reset these positions when core is double the debit paid.
Life is busy so not posting the specifics of all these trades. Most of you know the drill on income trades better than I do. Questions? Please ask.
BA Earnings
STO Sep 310 put @2.06 x5
BTO Sep 340/325 put debit spread @3.33 x1
BTO jul 27 330 p @ .44 x 3
This is a similar trade to LMT yesterday, but resolves the T+1 line drop. If there is a radical drop in BA the breakeven due to the extra Jul 27 puts is all the way down to 276, 23% down from spot.
I’m honestly not entirely sure how this will really play out…I’ll report on it!
SPX Trades
BTC 2 ea Aug 24th 2680 short puts, at $6.40…Prev sold at 16.50
gain at 60%
STO aug 24th 2725 short puts against teh long side from above, at $9.35
TQQQ bought to close my…
TQQQ bought to close my 7/27 63 Put @ .25. Sold 7/19 @ 1.05. Will reload at a better entry
TQQQ (again)
#LongCalls #LEAPS – Trading around this one again. Looking to reduce some of my positions so booking some profits. It was a 3×2 ratio so taking it off on the bounce today.
Sold to Close TQQQ JAN 17 2020 60.0 Calls
Bought to Close TQQQ AUG 3 2018 57.5 Calls
All said and done a 1.49 winner on the 3 lot. A great year in TQQQ so far…
GOOGL supercharger
Now the post-earnings fun begins. When GOOGL rallies 3% or more after earnings, it’s very likely to continue moving up for the next 2 to 4 weeks. Historical patterns. I love them.
Bot GOOGL Jul27 1240/1250 BuCS @ 7.79. GTC order to sell @ 9.40
Adjustment plan: If GOOGL moves below 1250 on a close, I will roll my short call up to transform this trade into a BeCS or add a call credit spread to create a fly. Thanks @smasty160!
#supercharger
Trading gods smile upon me
#Earnings #ShortStock. In LAX for our connecting flight to Tokyo. Closed the second half of the $SNA short stock for 166.89. Assigned Friday at 170… closed half yesterday for breakeven, but this second lot turns it into a higher profit trade than originally expected. Nice drop on an otherwise strong day for the market.
#assignment TWTR Way back in…
#assignment TWTR
Way back in 2014 when I had no idea what I was doing and was losing money being so called “mentored” in options, (but mostly mentored in self promotion) I was assigned 300 shares of TWTR, 200 at 30 and 100 at 32 and down it went from there, this was a decent percentage of my account at that time as well. I sold a lot of options trying to dig out over the years. I only had 1 call sold when it popped in February so I sold 200 shares and rolled a 25 call to July. The shares were called away of course, ending the TWTR saga. All in all I made $64 on TWTR! Maybe not the best use of capital but I didn’t lose any of that money as I was learning, still learning thanks to the gang here. Let’s see, TWTR earnings are Friday hmmmm
Pre-earnings update
As mentioned earlier, I take profits on these trades on big green days.
Out last round of BA for 10%
Out CAT, INTC, and SHOP for 40% profit
Out 60% of EOG for 50% profit
Out BABA for 115% profit (held less than 24 hours)
Out WYNN, the struggler, for average profit of 15%
Still in AET, EA, EOG, TTWO. Watching several for a second round and watching AZO, ADSK, and CRM for a first round.
#preearnings
#earningsrunup
WHR
STO December 105 puts @1.35
EOG Sold 1 of my…
EOG Sold 1 of my 3 long calls @ 1.55.
CELG
BTC September 65 puts @.10 cents, sold at 1.35, Why wait another 8 weeks for 10 cents.
Good Morning
Good Morning
Good morning- does anyone have…
Good morning- does anyone have a suggestion for learning ratio back spreads and how to use them for earnings?
Options Bistro 