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 $.
Monthly Archives: July 2018
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
DIA and SSO
BTC DIA Jul13 245c @ .20. Sold @ 1.61
STO DIA Jul13 242.5c @ 1.97
BTC SSO Jul6 113c @ .20. Sold @ 1.18
STO SSO Jul13 111.5c @ 1.46
Core long positions lost the ground they gained yesterday but nice to collect and keep some premium.
#shortcalls
#unbalanceddiagonal
#coveredcallcampaign LUV Tradewise recommendation last…
#coveredcallcampaign LUV
Tradewise recommendation last month, today I bought August 17, 52.50 #coveredcall for 49.83, 51.69 and 1.86
MU short calls
BTC Jul6 53.5c @ .20. Sold @ 1.24
STO Jul13 51.5c @ 1.40
Things are getting sloggy going into the close.
#shortcalls
#unbalanceddiagonal
KMB
BTC July 20, 90 puts @.05 covering over 2 week early. Because I am doing leaps and selling short calls, I am letting a lot of these put just run off.
#ShortPut #PIETrade Sold 1 July…
#fallingknife maybe TSLA 40 point…
#fallingknife maybe TSLA
40 point drop in the last 2 days (making me happy-for now)
LMT pre-earnings
Bot Jul20 310c @ 1.94.
GTC order to sell at 80% profit or will sell the day before the earnings report whichever comes first.
LMT has had a rough patch the last couple months so it may be riskier than usual to take a pre-earnings momentum trade. However, it has the best CML study results of all the pre-ER trades I’m following. Excellent returns on entering trades 14 days, 7 days, or 3 days (any day for that matter) before the report. All study results are based on exiting the trade before the report. There is no earnings risk on these trades.
DIA short calls
Rolled DIA Jul6 242c to Jul13 245c for .76 debit. Short call had no more extrinsic value and this gives me another $3 of breathing room for next week.
FAS
I rolled my July 13, 67 call to July 20 68 call for a credit of .14 cents
AMBA LABU
#LongCalls #LEAPS – A couple minor adjustments. Have to say the whole ratio thing is working great. No upside risk at all even when the short calls get a little underwater.
AMBA:
Rolling down and in to get out of these sooner allowing an extra week of sales.
Rolled AMBA JUL 20 2018 43.5 Calls down and in to JUL 13 2018 41.0 Calls @ .02 credit
LABU:
Rolled LABU JUL 6 2018 88.0 Call to JUL 20 2018 90.0 Call @ .11 credit
#coveredcallsSold ROKU July 13th 47…
#coveredcallsSold ROKU July 13th 47 calls @ 1.00 when stock was at 45.33
#coveredcalls Sold MU July 13th…
#coveredcalls
Sold MU July 13th 56 call @ .70 when MU was at 54.13
#Shortput TQQQ Sold July 06th…
#Shortput
TQQQ Sold July 06th 56 Put @ .45. The 50dma is at the 56. TQQQ was at 58.22
NFLX pre-earnings
Yesterday, I bought two NFLX calls to play the runup into earnings. The 20 delta call sold at target this morning.
STC NFLX Jul20 440c @ 7.40. Bot @ 5.30.
LABU
Rolled my July 6, 97 calls out to July 13, 98 calls for a credit of 1.51
First #pietrade 24 EXPE 24…
First #pietrade 24
EXPE 24 DTE 115 put sold for 1.90. This is heading into earnings but will probably roll or close before then.
#pietrades These work great but…
These work great but always looking for ways to improve on tactics. Improve returns, success rate, less adjusting because adjusting costs money or delays profit taking. I am not greedy, just trying to figure out what works the best with the least amount of work or adjustments.
So I have been experimenting with this on a limited basis. Instead of starting #pietrades with only 4-8 DTE, go out about 3 weeks. Split the distance between tasty trades recommended 45 DTE and the 1 week for classic PIE trading This does 4 things. Gets you farther OTM, collects higher premiums, but stays on the steepest part of the decay curve, and allows quicker recycling of capital. Also most will be rolled or closed before full expiration. My limited experimenting with them shows most are closed or rolled within 2 weeks of opening.
I don’t think we need a new hashtag, they are still in the PIE realm. Maybe just add a 21 to it if you post it, so 21 #pietrade or #pietrade 21 or however many days until expiration.
So I am looking at 3 possible this morning. EXPE, VLO, AXP. Will post once I see where market opens. Also on vacation week of 7/14-21, be out in @smasty160 country so a perfect time to start a few of these as I will not be trading that week.
As the time value erodes, would then roll each week in same name if you still like the ticker or move to new positions as the market oscillates.
Will keep posted on how they work real time and on a larger scale.
#spycampaign Well the plan to…
Well the plan to hold out for expiration with 100% premium turned out to be a big loser. Sold at $2 buy back at $6.50. And I was ahead $1 during the day. I’m gradually learning to sell out before the last 30 minutes, or maybe buy!
#Coveredcall TWTR Sold July 6th…
#Coveredcall TWTR Sold July 6th 45.50 Call at 0.45 going into the close. Stock assigned at 45 on Friday.
#ironcondor DE #coveredcallcampaign PBR Idea…
#ironcondor DE #coveredcallcampaign PBR
Idea from TT August 17, 125/130/150/155 for 2.07, DE is at 141, earnings Aug. 17
PBR Closed July 20, 10 covered call for 9.57, bought June 8 for 8.90
ASML Pre-Earnings
BTO ASML Jul20 200c @ 3.80. Will sell @ 50% profit or day before earnings report on 7/18.
#earningsrunup
JPM Pre-Earnings
BTO JPM Jul20 106c @ 1.50. Will close @ 50% profit or day before earnings report on 7/13
#earningsrunup
ROKU With the strength in…
ROKU With the strength in the stock and the tag of my short 43 calls I bought them back for a .50 loss. I will cover them up later.
#spycampaign BTC Jul 02 option…
BTC Jul 02 option spread
2695/2685 puts for 0.20, sold this morning for $1
still watching 2720/2730 call for 100% capture of premium: $2, 0.70
Closing Oct CLX
Taking profits on a couple of #FallingKnife trades, about 3 1/2 months early.
Bought to close:
$CLX Oct 19 105 puts @ .45. Sold for 1.50 on 3/21.
$CLX Oct 19 100 puts @ .26. Sold for 1.35 on 4/19.
AAPL covered calls
#CoveredCallCampaign Sold $AAPL July 27th 192.5 #CoveredCalls for 1.55.
SPX calls closed, calls sold
#SPXcampaign Closed on GTC order: $SPX July 19th 2835/2860 call spreads for .25. Sold for 1.90 on June 22nd.
Sold $SPX July 13th 2765/2790 call spreads for 3.65.
I remain short-term bearish as tariffs start kicking in this week, and VIX above 14.00. However, as always, I’m ready if I’m wrong. Also only playing short-term spreads to avoid complications when my Japan trip starts.
XBI #fuzzy The 95 short…
XBI #fuzzy
The 95 short strike was already breached so rolled this week 95 out to 11 DTE 95.5 for 0.32 credit. Total risk now down to 10.31. Goal is to have a zero cost basis trade in 10-20 weeks or if the short calls keep going ITM close it for profit and reset at higher strikes.
NFLX call spreads closed
#SuperCharger Thanks to Iceman, this spread saved me from a loss on my first Supercharger… brings me a slight profit overall.
BTC $NFLX July 13th 450/500 call spreads for .20. Sold for 1.90 last week.
Closing AAPL put spread
Bought to close $AAPL Jul 27 175/170 BuPS @ .37. Sold for .95 on 6/25.
GOOGL
BTO Jul 13 1110/1112.50 Call spread 1.64 #supercharger #Bitty
#pietrades Some days better to…
Some days better to be lucky than good. Did not have time to sell CC on MU at the open. Up 1.3 now so a better time now.
STO 11 DTE MU 55 call for 0.94. Cost basis now 57.5.
Also working some orders on FAS and TQQQ for cc but will have to post later. Too busy at work.
NFLX Pre-Earnings trades
BTO NFLX Jul20 420c @ 10.04. GTC order to close @ 20.00
BTO NFLX Jul20 440c @ 5.30. GTC order @ 7.40
Confirmed earnings report 7/16. This trade is based on a historical momentum pattern going into earnings. 100% win rate for the last four quarters.
#earningsrunup
FAS
#LongCalls #LEAPS – Small position over at Tastyworks…
Bought to Close FAS JUL 6 2018 68.5 Calls @ .05 (sold for 1.06)
Sold FAS JUL 20 2018 64.0 Calls @ 1.90
#shortputs #pietrades DVN Sold July…
#shortputs #pietrades DVN
Sold July 6, 43 put for .46, stock is at 43.51, energy company
#shortputs FYI LVS is down…
FYI
LVS is down 7%
XLY short call roll
BTC XLY Jul6 110.5 @ .10. Bot at .64.
STO XLY Jul13 109.5c @ .75 to replace. Let the good times roll.
#shortcalls
MU covered calls
#PieTrades Sold $MU July 13th 54 #CoveredCalls for 1.28. Assigned Friday at 55.00. With this sale, cost basis 52.02 in some accounts, and 56.44 in another.
#spycampaign Early this morning STO…
Early this morning STO BeCS July 02 2720/2730 @$2.00 plan to hold till expiration
STO BuPS 2685/2675 Jul 02 @$1.60, closed for 0.75
STO BuPS 2695/2685 Jul 02 @$1.00 – too early but now slightly positive watching
STO BeCS Jul 02 2720/2730 @$0.70 hoping to hold till expiration
#CoveredCalls Sold a calls this…
#CoveredCalls Sold a calls this morning all for July 6th expiry covering stock assigned Friday. Since the text system in ToS isn’t working for me I don’t know the price of the stock at the fill.
FAS 64 calls @ 0.70. Assigned @ 67
TWTR 45.5 Call @ 0.40 Assigned @ 44 Alert @ 45
ROKU 43 Calls @ 0.45. Assigned @ 46. Alert to roll at 43.
DBX 34 Calls @ 0.40. Assigned @ 33.50. Alert to roll at 34.
Remaining
MU. Assigned at 59.5. Waiting to cover as it claws its way back up.
TWTR Assigned at 45. Wasn’t filled
#OT ToS text alerts are…
#OT ToS text alerts are not working for me. Looking into it.
AMZN
STO Jul 6 1665.0/1662.5 BuPS .50 #Bitty Added to position
#shortputs #coveredputs FB Sold July…
Sold July 20, 185 put for 1.48, basis up to 185.79 of short FB position.
NFLX
STO Jul 6 372.5/370.00 BuPS .39 #bitty
FAS
Rolled July 6 71.5 calls down to July 13, 67 calls for a credit of .30 cents.
TSLA
#LongLEAPStraddles – A small delta adjustment on the put side…
Rolled TSLA JUL 6 2018 340.0 Put up to JUL 6 2018 360.0 Put @ 7.09 credit (18.64 total now)
SPX calls closed
#SPXcampaign Closed on GTC order: $SPX July 6th 2775/2800 call spreads for .25. Sold last week for 3.00.
Econ Calendar for week of 7/2/18
Jobs Report is this Friday 8:30am ET
Be sure to periodically click Home/REFRESH to keep Bistro features updated.
TastyTrade
https://www.benzinga.com/news/18/06/11958063/tastytrade-raises-20m-in-new-funding-wants-to-help-change-the-world-of-investing
TSLA
This should be a wild week….I’m long 2020 LEAPS puts and calls against Jul 6th short puts and calls.
https://www.cnbc.com/2018/06/29/tesla-q2-production-and-delivery-numbers.html
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