#optionsexpiration #spxcampaign
$SPX 7/25 2725/2750 BUPS
#spxcampaign
$SPX BTC 8/3 2885/2860 BECS at 4.15 STO on 7/24 at 1.85. With GDP expected tomorrow at 4% I decided to close.
#shortputs
$FB STO 8/17 160/170 BUPS at 2.45 Thank you @ramie77
$FB STO 8/17 155/165 BUPS at 1.70
Only trades today were GTC orders to close $BIIB July 27th 300/415 #Earnings strangle. Closed each side for .20; sold on Monday for 2.40.
Other than that, looks like I’ll be long more $FB stock tonight or over the weekend (a couple 197.5 puts and one 200 put).
I’m planning to execute few if any trades until August 9th. We are staying with my wife’s parents in Yokohama until then, and we’ll be touring the country and climbing Mt Fuji. On the 9th, we check in to a Tokyo AirBnB for another two weeks, and then I’ll start transitioning back into the job. We return to Portland on August 23rd.
Glad to have all your posts to read when I wake up! Let’s me know what’s happening out there.
BTO GOOGL 10 AUG 18 1245/1250 BuCS @3.95 GTC order @4.70. Now have Aug 3 and Aug 10 positions. #supercharger
STO MU 3 AUG 18 52 PUT @.60. #pietrade
#fallingknife #closing #shortputs ALK
Some airline stocks are skying today, including Alaska air up almost 10%, Tuesday I sold a January 50 put for 1.45, bought today for .80. Thanks @Iceman
#fallingknife
MHK has decent premium in Jan 140 @ 2.40
Any takers?
#Earnings – OK…after this TWTR should be trading about 15 dollars tonight. 🙂
Sold 38.5/42.5/46.5 Iron Flies @ 3.27
Risking 73 to make 327 needing just slightly less than the expected move…
#Hedge – With the hedge subject being discussed here’s what I did based on last nights Theo Trade free update video. Playing SPY both ways for minimal cost but still very nice protection. He says max risk is what you paid for the position but it looks like there are small pockets of slightly greater risk if held all the way to expiration. I’m not 100 percent sure I’ve got the risk graph configured properly. I also moved the strikes up a little from the video.
#earnings #shortputs CMG
Sold Sept. 19 380/390 for 1.27. CMG can move 50 points after earnings faster than you can be charged 4.50 for a small scoop of guacamole.
#earnings #shortstrangles TWTR
Sold August 17, 35/50 strangle for 1.54, outside the expected move for tomorrow.
#LongCalls #LEAPS – Some rolls and adjustments….these are all ratio’s except for AZO which is a trade repair from an old strangle that I’m working.
AMBA:
Bought to Close AMBA JUL 27 2018 41.0 Calls @ .05 (sold for .62)
Sold AMBA AUG 3 2018 40.5 Calls @ .50
AZO:
Rolled AZO JUL 27 2018 662.5 Call to AUG 10 2018 665.0 Call @ .31 debit
Stock was up big on ORLY earnings earlier. We know how that worked out last quarter 🙂
ERX:
Rolled ERX JUL 27 2018 37.5 Calls to AUG 3 2018 38.0 Calls @ .15 credit
FAS:
Rolled FAS JUL 27 2018 65.5 Calls to AUG 10 2018 66.0 Calls @ even
OLED:
Rolled OLED JUL 27 2018 91.5 Calls to AUG 17 2018 95.5 Calls @ .13 credit
PYPL:
Using the earnings weakness to roll and reduce the ratio. Should pay off on the next bounce…
Rolled PYPL JUL 27 2018 85.0 Calls to AUG 17 2018 85.5 Calls @ total debit of $75.00 (reduced from 8 to 7)
#ShortPuts #IRA – 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 16.67 Puts @ .15 (sold for 1.07)
#shortputs #pietrades T
Sold Aug. 17, 30 put for .52, T is at 30.40 had drop after earnings.
ALGN from yesterday is up $475.00 but the market makers make exit on this a little hard, so I need a little more to cover the exit slippage.
LMT: This is currently up $180, target around $250.
BA: This is currently up $284, target is $350 for closing.
What are the types of hedge(s) to protect a losing option(s). The ones to get while the market is open, and ones after the market close. A detail explanation would be great not for me but for our group.
Opened first layer of PYPL post-ER. Bot Aug10 strangle 93c/87.5c @ 1.76. Historical data shows that PYPL makes a big move after earnings but is fickle about direction so we play both sides here.
#earnings
Well I’m still in the AMZN trade. It just will not close. Any other suggestions.
BIIB is down 10% (-$40) after their drug for treating Alzheimer did not show good results.
#optionsexpiration maybe, have 2 earnings plays that may not cooperate after the close today.
MU 55 cc rolled yesterday for 0.44 credit. CB now 55.79. 2 more rolls should put it in the green. Decidied not to #fuzzy it yet since so close to breaking even.
WDC 75 expires next week. Earnings today. Up 1.23 to 76.87 as of this writing but has been bouncing around all day.
EXPE 115 put expires tomorrow. Earnings today. Currently at 127.38 but it can move much more than that on earnings.
FAS 65 CC will let assign tomorrow. cb 63.10 so 1.9 profit on each 1 lot.
TQQQ 59 cc will let assign tomorrow. 57.80 cb so 1.2 profit on each contract.
AMAT Lot 1 cc at 47 rolled to next week for 0.38 credit. cb now 50.17. A few more weeks should be able to scratch it.
Lot 2 47 CC rolled for 0.41 credit. Cb now 46.99 so in the green after the earnings play went south.
XBI 87 Jan 2019 and next week 96.5 cost basis 9.72. Looking good at the moment but still a lot of time value in the short options so will roll next week or close for profit. In that case may re-establish new range.
Only made $708 total last week while on vacation but not bad for out having fun, the previous week was awesome so no complaints. But that confirms to me trading weeklies definitely brings in more cash if you are income trading than selling longer dated options. The weeklies also give faster compounding. However, I will be doing more 21 DTE #pietrades going forward, they need a lot less adjusting and my core account is finally big enough again to run 3 names for 3 weeks each.
On the smaller accounts (under 10k) mostly #fuzzy or variations.
After a failed short term #fuzzy #syntheticstock in Jan 18 with a loss of $144.00 per contract I tried for redemption in April 18 with a BTO Jan 20 135 call @18.45….With my previous loss rolled in and 92 weeks to go I needed $0.22 per week to cover…After 8 short call sales including 2 debit rolls and today touching negative delta I choose to close the position for a net gain of $178 per contract. Not earth shattering but I will take it.
BTO QQQ Jul 27 179.5 put .73
insurance for a AMZN dump.
Sorry
Ratio Straddle Time Spread
STO 143 Straddle @ 7.95 x8 BTO 143 Aug 3 straddle @ 8.83 x10. Sold 93% vol, bought 49% vol. Ave vol crush is 8% on EA.
#shortputs #earnings #shortstock FB
I am short 100 shares of FB, assignment at 175 but a basis of 186 so I’m going to be happy even though I sold a 185 put that expires tomorrow.
Followed Ramie with a 160/170 Bups for 2.14, also sold Dec. 140/150 BuPS for 1.57
Bot FB Aug3 175/180 cds @ 2.40. Looking for a dead cat bounce on FB.
#fallingknife
FYI
LVS is down 5%
EFX is down 4.5%
STO January 125 puts @1.33
STO January 120 puts @1.00
Rolled August 17, 103 calls to August 24, 104 calls for a credit of .35 cents.
Bot AMZN call fly Aug3 1850/1900/1960 @ 4.40 in two accounts to hold through earnings. Looking for a pin around 1900 after earnings but will take any profit I can get in the 1850 to 1960 range.
#earnings
BTO august 3, 1820/1830 bull call spread at 5.00, I was too early on this one.
BTO Aug 3 72.5 Call 2.05
2nd trade #earnings
#ShortPuts – Alright…my 52 dollar loss on the iron fly single handedly brought down FB (sorry Zuck!). 🙂
Had to book an NVDA position to make room for a new FB. Was considering doing it before earnings anyway.
Bought to Close NVDA SEP 21 2018 175.0 Put @ .40 (sold for 4.90)
Sold FB JAN 18 2019 155.0 Put @ 5.50 (a little early)
FB BTC Aug 17 225/235 for 0.10, sold yesterday for $2.20, thank you SMM
STC Aug 3 145 Calls 1.85 BTO 7/12 1.55 #Earnings
Thx MamaCash
Sold
$FB Aug 17 170/160 BuPS @ 2.20
$FB Dec 21 150 puts @ 3.70
Thanks Iceman for the 150 strike idea. I doubt it gets there but it would be a great level to buy long term shares. I may go higher today.
Good Morning
good morning – need advice on a trade in AMZN – I have the Jul 27 1685/1680 bull put spread expiring Friday. My options are to close for a loss, roll it out to Aug 31 for .27 credit, or ???? Thanks!
Options Bistro 