FAS #Coveredcalls Rolled my July 13th Calls out and up to July 20th 67.50 for 0.15 credit. This strike is one step above my original assignment price of 67.
Monthly Archives: July 2018
#fallingknife ANET Arista down 5%
#fallingknife ANET
Arista down 5%
SPX trades
#SPXcampaign Closed $SPX July 20th 2685/2660 put spreads for .25. Sold in a #CondorRoll last week. The call side was stopped earlier this week. Rolled half of that into a put spread on Tuesday, and now the second half into this:
#Rolling. Sold $SPX July 25th 2830/2855 call spreads for 4.35.
So I’m presuming we will stall or pullback from here. We’ll see if I’m wrong next week!
RH bummer
#Earnings #Rolling. I was looking for a gap fill on this, and mostly got it, but instead of exiting when I should have, I’m getting torn up today, adding to the depth of the hole. Trades on this one never go smoothly for me.
Buying to close $RH July 20th 120 call for 18.55-19.80. I’ll pay more for the remainder if I can’t get more pullback.
Sold for 12.40 last week. Could have gotten out for 8-9 dollars earlier this week. Came close to doing it but decided to wait. This morning’s huge rally slammed me.
Not sure what I will do to get back. I may just sell strangles, a bit at a time.
LABU
Rolled August 3, 101 calls to August 10, 102 calls for a credit of .11 cents.
AVGO
#LongCalls #LEAPS – New position…non-ratio 2×2 that I’ll roll immediately if deltas become negative. I’m guessing it grinds around down here or possibly drifts lower into earnings…
Bought AVGO JAN 17 2020 210.0 Calls @ 27.50
Sold AVGO JUL 20 2018 212.5 Calls @ 2.20
2800, hello again
#Markets First time hitting 2800 since March 13th.
TSLA
#LongPuts #LongCalls #LongLEAPStraddles – Re-loading the call side…
Bought to Close TSLA JUL 13 2018 320.0 Calls @ .12 and .14 (sold for 4.21)
Sold TSLA JUL 20 2018 315.0 Calls @ 5.65 and 5.39
ROKU #Coveredcall Rolled my 47…
ROKU #Coveredcall Rolled my 47 Calls out and up to July 27th 50 Calls for .12 debit when ROKU was at 48.17.
And 2 minutes later it rockets off. Such timing have I.
#spycampaign STO Jul 13 2820/2825…
STO Jul 13 2820/2825 BeCS for 0.40cr. Sold when 2810 was R2, delta 0.09, it has gone up since. I may add to position.
AVGO
#ShortPuts #IRA – It would be a decent dividend down here with pretty good call premium on top of that. Starter position…
Sold AVGO JAN 18 2019 170.0 Put @ 5.00
NFLX, adding
#Earnings Sold another $NFLX July 20th 360 put for 4.00, adding to the ones sold for 3.25 yesterday.
In smaller accounts, sold NFLX July 20th 360/350 put spreads for 1.70.
AMAT roll & PYPL rolls
#PieTrades On Tuesday’s down open, I closed $AMAT July 13th 46 #CoveredCall for .57. Sold for .70 last week. It had been ITM so the pullback helped, and I planned to sell the new one on the bounce.
Took a couple days for the bounce!
Today, sold AMAT July 20th 46 call for .75.
#LEAPs #SyntheticCoveredCalls
Stopped $PYPL July 20th 87 calls for 2.16 and 88 calls for 1.50.
Sold July 20th 87.5 puts for 1.10 and 1.35.
Earnings on July 25th. I believe this one will consolidate or run higher from here into earnings. If it surges I may try to squeeze in some more short calls, or just wait for an earnings strangle.
LMT pre-earnings closed
#PreEarnings #Earnings
STC LMT 320 23 JUL 2018 @5.10. BTO at $3.20 yesterday
WFC
STO January 50 puts @1.45
STO January 45 puts @ .60
LMT pre-earnings closed
#PreEarnings #Earnings Sold to close $LMT July 27th 317.5 calls for 6.85. Bought for 2.40 on Tuesday. Adding the first round, that’s 6.45 profit in this one… thanks MamaCash for finding us this ticker! May try for another round on a pullback.
LB Falling Knife
Extending my put ladder to Nov on this #FallingKnife.
Sold $LB Nov 16 27.50 puts @ 1.10.
TQQQ #ShortPut bought to close…
TQQQ #ShortPut bought to close July 20th 60 Put @ .40 when TQQQ hit 64.80. Sold 7/11 for 1.00. I’m debating the wisdom of selling the 7/20 62 or 63 with TQQQ at the top of the channel and NDX at ATH. Best to wait or find something else.
#shortputspread #earnings NFLX Sold Sept….
#shortputspread #earnings NFLX
Sold Sept. 350/360 put spread for 2.20
Closing INTC
Taking this off into strength. Bought to close $INTC Jul 20 50 puts @ .18. Sold for .54 on 6/18. I was fully expecting to take assignment on this (it was around 48-49 just 2 weeks ago). Getting lucky on the timing of the up move so I’m taking advantage.
#fallingknife FYI AVGO is down…
FYI
AVGO is down 14%
LB down 10%
GOOGL
STC GOOGL 20 JUL 1140/1145 BuCs @4.70…BTO 7/10 @3.95 #supercharger
Thanks to @hcgdavis and @kathycon this has become my go to strategy for now…:)
#pietrades Rolling everything out 2…
Rolling everything out 2 weeks for vacation 🙂
Some of these are still open positions.
MU 55 call rolled out 2 weeks for 1.27 credit. Cost basis 56.23. Another 2 rolls should bring profit.
WDC 8/3 75 put was sold last week for 1.29
EXPE 7/27 115 put sold last week for 1.90. Both of these are going into earnings as 21 DTE #pietrades.
AMAT lot 1 47 CC rolled out 2 weeks for 0.28. Cost basis 50.83. Will take a few more rolls on this.
FAS 64 cc rolled out 2 weeks to 65 for 0.31 credit. Cb now 63.10.
TQQQ 59 CC rolled out 2 weeks for 0.85 credit. cb now 57.80
XBI #fuzzy 87/96.5 rolled out to 8/3 for 0.30 credit. Cb decreased to 9.72. May reset in 2 weeks by rolling both up a few strikes if it keeps going.
AMAT lot 2 47 cc rolled out 2 weeks for 0.27 credit. Cb now 47.40 so should see profit in another 2 rolls.
That’s it for now. Letting theta decay pay for vacation, at least I covered the airline tickets in cash today on sales/rolls 🙂
Sorry @fuzzballl UAL was cheaper than AAL but we may make the news if we get thrown off the plane 🙂
Have a good expiration and week, check in when we get back but not even taking a computer. Need to unplug!!!!
Chris
Closing TSLA put spread
Bought to close $TSLA Jul 20 280/270 BuPS @ .38. Sold for 1.50 on 7/5.
AMZN
STC AMZN 20 JUL BuCs 1695/1700 @4.70…BTO 7/10 @3.97 #supercharger
DBX #Coveredcalls Sold July 20th…
DBX #Coveredcalls Sold July 20th 33 calls @ 0.45 when DBX hit 31.60. The 50dma has been acting as resistance.
#shortputspread #rolling WYNN Rolled July…
#shortputspread #rolling WYNN
Rolled July 20, 165/170 to Aug. 17 155/165 for .66, short still in the money, increased margin but better chance of success
NFLX puts sold
#Earnings Using today’s pullback to start my earnings trade on $NFLX. I only play this bullish on earnings (or perhaps way OTM calls if I can get enough premium). It has had huge up moves but only modest down moves in recent quarters.
Sold $NFLX July 20th 360 puts for 3.20.
Biggest UP move: 19.0%, Biggest DOWN move: -13.1%, Average move: 9.4%. This trade is -12.4% OTM.
SQ calls sold
#LEAPs Sold $SQ July 27th 68.5 #SyntheticCoveredCalls for 1.11. These are against my long January 60 calls.
PANW RHT long calls
Rolled delta down on PANW long call from Aug 210c to 215c for 3.42 credit.
Rolled delta down on RHT long call from Aug 142c to 145c for 2.05 credit.
Current positions are now fully paid for by credit rolls on the long calls. Hedges still have extrinsic value but will need to managed soon.
#unbalanceddiagonal
INFY CAT earnings momentum
Bot INFY Jul20 20c @ .37 average price. Sold @ .40 one day before earnings report.
Bot first layer of CAT Aug3 144c @ 1.75.
Puts closed
#CoveredCallCampaign
BTC $AAPL July 20th 180 put for .15. Sold for 1.44 on June 20th.
BTC $FB July 20th 190 put for .16. Sold for 1.60 on June 20th.
A few trades
#LEAPs BTC $SQ July 20th 71 #SyntheticCoveredCalls for .15. Sold for 1.35 in June.
#CoveredCallCampaign BTC $BABA July 20th 202.5 #CoveredCall for .21. Sold for 2.05 in June
#VXXGame Sold $VXX Dec 50 call for 3.50
Here is a good one…
Here is a good one for you margin users, looks like 60% of total portfolio is ideal.
https://www.tastytrade.com/tt/shows/market-measures/episodes/puts-or-stock-07-09-2018
EA GOOGL ISRG MA profits
Taking early pre-ER profits before I head out on a 4-day running trip with limited internet access.
EA. Sold Jul27 152.5c @ 3.10. Bot @ 2.45 average price. Still holding Jul27 157.5c at average price of 1.70.
GOOGL. Sold Jul27 1240/1260 cds @ 3.70. Bot @ 2.90
ISRG. Sold Jul20 490/505 cds @ 9.25. Bot @ 6.45. Still holding Jul20 535c @ 2.70.
MA. Sold Jul27 207.5c @ 2.52. Bot @ 1.47. Still holding MA Ju27 212.5c @ 1.11
#earningsrunup
#shortputs TRTN Sold Aug. 17,…
#shortputs TRTN
Sold Aug. 17, 30 put for 1.35
SPOT early earnings momentum
This is a risky pre-ER trade because the stock has only been public since April 3. However, it showed strong momentum going into May earnings, is in a squeeze, and the Jul27 IV is already expanding.
Bot SPOT Jul27 BuCS 190/200 @ 2.70. Will place GTC order on Jul19 (7 days before ER) to close at 40% above the price at that time.
#earningsrunup
CHKP pre-earnings
Sold Aug17 110c @ 2.78. Bot @ .85.
Still holding Aug17 115c @ .80
#earningsrunup
SPX roll
#SPXcampaign Monday I closed $SPX July 20th 2810/2835 call spreads for 4.20, which was the call side of a #CondorRoll from the week before. Much of the reason I have mostly paused selling spreads is that the call side has never been more difficult to manage that it has this year.
Today I rolled half of it into puts: Sold SPX July 25th 2750/2725 put spreads for 4.50.
TQQQ #Shortputs BTC the 7/13…
TQQQ #Shortputs BTC the 7/13 60 Put at .25, originally sold 7/09 for .70. Sold to open 7/20 60 Put @ 1.00.
AZO supercharger
BTO Jul20 660/670 BuCS @ 7.61. GTC order to sell at 9.40.
Based on the daily squeeze and a pullback today.
#supercharger
PANW RHT rolls
Rolled PANW Jul13 207.5c to Jul20 215c for 2.82 debit
Rolled RHT Jul13 142c to Jul20 145c @ .44 debit
Be happy when your short calls get run over. Really?? 🙂
#shortcalls
#unbalanceddiagonal
MU pie-roll
Mmmmmm… pie rolls….
#PieTrades Bought to close $MU June 13th 54 #CoveredCalls for 1.17. Sold for 1.28 on July 2nd.
#Rolling Sold June 20th 54.5 calls for 1.53.
Bought to close $MU June 13th 53.5 #CoveredCalls for 1.44. Sold for 1.00 on Friday.
#Rolling Sold June 20th 54 calls for 1.77.
Pre-earnings momentum
Adding to existing positions based on pullback and CML backtests
Bot ABT Jul20 64c @ .37
Bot CHKP Aug17 115c @ .80
Bot EA Jul27 157.5c @ 1.51
Bot MSFT Jul20 104c @ 1.17
Bot NFLX Jul20 cds 445/455 @ 2.68
Bot WYNN Jul27 172.5c @ 2.08
#earningsrunup
DE put spread
Sold $DE Aug 10 135/130 BuPS @ .90. Using the weekly expiration before expected earnings on 8/17. Delta of the short strike is 27. Spread is below recent support from June/July.
#shortcallspreads #bitty DOCU Sold July…
#shortcallspreads #bitty DOCU
Sold July 20, 55/57.50 for .60 to go along with the a little too early 55 put sold this week, stock at 52.40
DBX #Coveredcalls Bought to close…
DBX #Coveredcalls Bought to close my July 13th 33.5 calls at .05 on that morning dip. I will cover up later or close the position for an 8% loss from my original assignment. Adjusted basis is 31.66 so I’m torn.
FAS roll
Taking this opportunity to roll to a higher strike.
BTC July 27 68.5 calls and STO August 3, 69 calls for a credit of .146 cents.
ALK puts
Sold $ALK Oct 19 52.50 puts @ 1.15
Adding short protection
Layering in some short protection but carefully as this selloff is contained so far and the obvious suspects like GOOGL and AMZN are not participating.
Bot SPY Jul20 275p @ .97 x5
Bot VIX Jul25 13/15 cds @ .84 x3
#markets
TQQQ roll
BTC July 27, 62.5 calls and STO August 3, 63 calls for a credit of .20 cents.
TWTR roll
Rolled TWTR Jul13 45.5c to Jul20 43.5c @ .92 credit.
TWTR is going the wrong direction but overall trades are profitable so hanging in for now.
#unbalanceddiagonal
#shortcalls
1h
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!
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
Closed Early BIDU IQ AMZN / Rolled MTN Again
GOOGL
7/9 STC GOOGL 13 Jul 1125/1130 Call spread @4.70…BTO 7/6 @4.00 #supercharger
TWTR #Coveredcalls Covered my long…
TWTR #Coveredcalls Covered my long stock again with July 13th 45.5 Calls @ 0.50 with TWTR @ 44.04.
@geewhiz112 Are you still holding…
Are you still holding your position in CLF?
Your previous post was for :
#longcalls
$CLF BTO 7/20 10 calls at .44 and sold twice as many
#shortputs
$CLF STO 7/20 8 puts at .17
#contangoetfs #contangoetfs GUSH SLD GUSH…
GUSH
SLD GUSH Sep21’18 70 CALL $1.05
#pietrades WDC 77 put expiring…
WDC 77 put expiring this friday had decayed to 0.25 so rolled it to a #pietrades 25 DTE 75 ing to put for 1.03 credit.
Trying to ladder the EXPE 115 as well but with earnings scheduled for 18 DTE it is not decaying as fast as I would like.
Limited 3 week experiment on using 21 DTE or so for #pietrades seems to be working as I expected. The extra space makes rolling easier and if they stay OTM the decay is fast enough you can usually close or roll in 1-2 weeks.
Options Bistro 