#optionsexpiration
#earnings
$CRM 147/162.5 strangle Thank you @jeffcp66
$AMZN 1940/1960 BUPS
#assignment
$EXAS 51 call Stock called away. Covered my stock right before Pfizer collaboration announced. Stock at 75. The math (75-51) is not attractive. 😦
Have a great Labor Day for all that labor in the market each day. And the rest of us too.
Thanks for all the learning.
Checking out early today. Only 2 trades.
GOOGL, 1180/1200 bull put spread
RTN, 205 calls, against my 2020 195 calls
#spxcampaign Sold to open Sept 21 Weekly 2800/2780 BuPS @ 1.35. GTC closing order at .50. Alert at 2.90 Mark.
I have a BeCS to make the IC waiting 2990/3010 @ .65. I may drop it to .60 soon
Filled at .65 about 5 mins after the close
#longcalls
$AMZN STC 9/21/1840/1880 BUCS at 37.50 BTO 8/6 at 19.90 Sleep better this weekend
#shortputs
$TNDM STO 9/21 44 puts at 2.20 Thank you @honkhonk81 for inspiration
#shortputs
$AAXN BTC 9/21 65 put at 1.30 STO at 6.00 on 8/9
$SFIX BTC 9/21 30 put at .10 STO at 2.25 on 8/10
#Earnings Sold some of my $AMBA Aug 31st 40 calls for .25. Nice to get a little profit on this side after taking the win on the put side this morning. Holding the rest in case we go even higher.
A lophir a day keeps the losses at bay
Added lophir layers in QQQ, SSO, and XLY
I’m using a @fuzzballl tactic and choosing not to bore you with the details.:-) Here’s a quick refresher. Sell a 30d put x2, buy a 15d put x2, buy a 40d put x1, and sell a 22d put x1. Delta goal at entry is 12 per lot. Set a GTC to take profit or let it expire for full profit.
TNDM BTO STOCK 45.64
This trade was inspired by AVGO’s propensity to move up into earnings (9/6) and also by the delightful mispricing of a 5-wide DITM call debit spread.
Bot AVGO Sep7 207.5/212.5 BuCS @ 3.50. GTC order @ 4.30.
Target needs to be a little lower on this one due to high vol going into earnings. I forgot about that. That makes this trade more difficult to close for a profit before earnings.
STO September 7, 1950/1960 bull put spread at 1.15
Sticking with my plan to take this off for at least 50% of the profit. Bought to close $TSLA Sep 21 250/240 BuPS @ .75. Sold for 1.60 on 8/20.
#ironcondor CMG
August 15, sold a Sept. 21, 485/490/550/555 for 2.22. On August 27, CMG started this week long decline (again-so much for the 3 day rule), down another 8.50 today to 4.75, decided to cut and run, get back in if 475 is actual support. Bought put spread for 3.00.
$TNDM BTO STOCK 44.77
#Earnings #CoveredCalls Working my way back to profit on busted earnings call from last quarter.
Yesterday, BTC $OLED Aug 31st 124 covered call for .40. Sold for 1.50 last Friday.
Today, Sold OLED Sep 7th 125 call for 1.75.
#Earnings Quite an overnight reversal… which I’d bought stock at 225 on the initial dip. Now my 275 short calls are threatened.
#Earnings #LongStraddle Sold most of my $AMBA Aug 31st 40 puts for 5.40 at the open. Will wait to see if the stock goes lower for the rest. Straddles bought yesterday for 4.09.
#earnings #shortstrangles LULU
sold Sept. 21, 115/155 for 2.12
#LongCalls #LEAPS – All rolled ITM weekly calls out a week or two for right around even or tiny debit. Won’t bore you with the details
#BullPutSpreads – Whiz trade…
Sold AMZN SEP 28 2018 1960.0/1950.0 Bull Put Spread @ 3.32
#Earnings Bought $AMBA Aug 31st 40 straddle. Filled at 4.09; described in my earlier post.
BTO Sept 21 55/53 BePS .70 in-out TheoTrade my take on it. #Bitty
STC 1.10 GTC
#FallingKnife – One to keep an eye on…
#fallingknife
FYI
ANF down 18%
DLTR down 15% – DLTR Jan18’19 65 PUT 1.15
What just happened?
#Earnings This one has had a volatile recent history. Last 12 quarters: Biggest UP move: 14.3%, Biggest DOWN move: -22.4%, Average move: 10.3%. So I’m taking the $YELP approach and betting on a big move.
Buying the 40 straddle. A 9.8% move will be breakeven at expiration… but in the morning premium will be higher.
My bid is in a 3.95, not filled. I’ll get it in the last hour if I need to adjust.
A TRADE: Not your usual BuPS . The higher strike is above the stock price. I did it this way because the margin usage is 280.0 vs. 1800.0 +. So I make almost 100% on the trade for a 22 day wait. Yah, I WANTED to sell the 45.0 put. I think TNDM will be @ 45.0 by expiration, but that’s just my gut feeling, no edge. So, a little risky. Ride ’em cowboy. ;>)
TNDM STO 9/21/18 45.0 PUT @3.60
TNDM STO 9/21/18 40.0 PUT @1.50 Net Premium 2.10
#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.
TSLA STC 9/7 335/330 BePS @4.70. BTO 8/28 @3.75. Is this a reverse supercharger ?
NFLX STC 9/7 345/350 BuCS @4.70. BTO 8/28 @3.89 #supercharger
#shortputs SCCO #rolling WDC
SCCO Sold Nov. 16, 40 put for .85
WDC rolled Sept. 75 put to October for .46.
Only 1 trade today. Rolled XBI # fuzzy 87/95 and 95/95 out 2 weeks 22 DTE for 0.37 credit. Cb now 6.43 and 2.95.
Expirations tomorrow
TQQQ lot 1 65.5 cc will let call out at cb of 62.78
TQQQ lot 2 66 cc at 65.02 cb
TQQQ lot 3 65.5 cc at 62.98 cb
TQQQ lot 4 65 cc at 63.90 cb
Will reload on Tuesday.
Hopefully we get more than a 10 point /ES pull back, everything is way extended and do not want to chase trades up. Waiting for a good pull back in LABU. Next pull back I will load a synthetic long, missing a lot of upside by just selling puts.
Have a good long weekend!
$ROKU STO 9/7/18 62.5 CALLS @.94 Nekkid
Bot Sep21 720/730 call debit spread @ 7.50. GTC @ 9.40
Earnings confirmed on 9/18. It’s not quite time to put on an earnings play so this is my way of taking advantage of a pullback with the likelihood that price will move up over the next few weeks.
#supercharger
STO September 14, 1160/1180 bull put spread @ .62
STO XLV Sep28 +9 1/-2/-1/2 92/91.5/90.5/89.5 PUT/PUT/PUT/PUT x 9 @ .33 credit
Max risk $1862. BE 113.83. Credit $238
Management: Let it expire. If ETF price aligns with peak on risk graph, sell a 35/20d CCS and try to get out even
#ShortPuts – Got most of it. Freeing up cash in a small account.
Bought to Close TQQQ SEP 21 2018 48.33 Put @ 10 (sold for 1.15)
Bought to Close TQQQ SEP 21 2018 55.0 Put @ .15 (sold for 2.35)
Bought to Close TQQQ SEP 21 2018 60.0 Put @ .35 (sold for 3.90)
STO XLY Sep28 1/-2/-1/2 116/115/114/112.5 PUT/PUT/PUT/PUT x7 @ .34 credit
Max risk $1862. BE 113.83. Credit $238
Management plan: Let it expire for full credit. If ETF price aligns with peak on risk graph, I will sell a 35/20 delta call credit spread in same expiration and try to get out for a scratch.
#Earnings Sold $ULTA Aug 31st 220/275 strangles for 1.80.
Biggest UP move: 17.3%, Biggest DOWN move: -9.1%, Average move: 6.4%. Bias +2.7%. My strikes are +13.2% and -9.5% OTM.
#LongCalls #LEAPS -Here’s another one of my old non-ratio’d positions that I’ve been fighting for awhile. Finally got it back to a ratio a few weeks ago just in time for a nice run. It’s only out to 2019 so booking it and will reset on next drop.
Bought to Close XBI SEP 7 2018 97.0 Calls
Sold to Close XBI JAN 18 2019 93.0 Calls
All said and done it’s a 1.16 winner on a 10 lot.
Parabolic.
#Earnings $CRM
Strangles sold for 1.53. Closed for .35
Condors sold for .58. Closed for .20
Considering ULTA, LULU, AMBA for tonight.
#Shortputs Sold ERX Sept 07th 35 Puts @ .40 with ERX @ 36.17 Sold ROKU Sept 07th 57 Puts @ .58 with ROKU @ 60.25
#CoveredCallCampaign BTC $FB Sep 7th 167.5 puts for .20. Sold in a #StrangleRoll a couple weeks ago.
Sold $FB Sep 21st 185 covered call for 1.50.
Yesterday, BTC $BABA Sep 14th 195 covered call for .15. Sold for 1.50 the day after earnings, 8/23.
#Earnings trades layered on top of my #LongCalls #LEAPS positions. I don’t even mess with these trying to get the last nickel…
Bought to Close DG AUG 31 2018 99.5 Puts @ .10 (sold for .63)
Bought to Close DG AUG 31 2018 112.0 Calls @ .05 (sold for 1.00)
#ShortPuts #IRA – Shorter term and slightly more aggressive. 9.3% annualized. 8 percent is usually my goal on the put sales…
Sold CRM NOV 16 2018 140.0 Put @ 2.65
#Earnings #Rolling Bought to close $THA Sep 7th 300/327.5 strangles for 10.35. Sold on Tuesday for 9.65. Exiting since my put side was breached. Fortunately theta worked in my favor for 2 days so the loss is small. My broker upped margin requirements on TSLA so this was a big chunk of buying power. I’ll leave TSLA alone for a few days and reconsider.
#Earnings Bought to close the $CRM Aug 31st 162.5 calls for .05 in both my strangles and condors. Now looking to close the short 147 puts. All sold yesterday.
#shortputs
$ROKU STO 9/7 58 puts at 1.20
$AMZN STO 8/31 1940/1960 BUPS at 1.60
$AMZN STO 9/7 1930/1940 BUPS at 1.30
$AMZN STO 9/21 1880/1900 BUPS at 2.70
Close Early
$AMZN BTC 9/21 1720/1730 BUPS at .10 STO at 2.75 on 7/27
#shortcalls
$MTN BTC 9/21 290 call and STO 300 call at 5.50 debit This is covered
ProShares announces reverse share splits on two ETFs
Aug. 29, 2018 4:27 PM ET|About: ProShares Short VIX Short-T… (SVXY)|By: Liz Kiesche, SA News Editor
ProShares reports reverse shares splits on two of its ProShares Trust II ETFs; the splits won’t change the total value of a shareholder’s investment.
ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) split ratio 1:5; CUSIP number will change to 74347W148 from 74347W163.
ProShares Short VIX Short-Term Futures ETF (NYSEARCA:SVXY) split ratio 1:4; CUSIP number will change to 74347W130 from 74347W627.
All reverse splits will be effective before the market open on Sept. 18, 2018, when the funds will begin trading at their post-split price. Ticker symbols for the funds will not be changed.
https://seekingalpha.com/news/3386632-proshares-announces-reverse-share-splits-two-etfs#email_link
#LongCalls #LEAPS #Earnings – Earnings in the morning so adding a little to the position. Long 2019 LEAPS and short this week’s calls. Adding strangles outside all of that. Sold 112 strike calls yesterday and adding puts today.
Sold DG AUG 31 2018 99.5 Puts @ .63
#BearCallSpreads – Bought to Close UVXY SEP 21 2018 20.0/30.0 Bear Call Spreads @ .05 (sold for .71)
$MDCO BTO STOCK @40.42 , A starter!
#SPXcampaign Jumping back in after a month-long break.
Sold $SPX Sept 14th (Friday PM expiration) 2810/2835/2955/2980 condors for 3.80.
#Earnings Sold $CRM Aug 31st 147/162.5 strangles for 1.53.
Also, sold 145/147/162.5/165 unbalanced iron condors for 0.58
Biggest UP move: 11.0%, Biggest DOWN move: -4.4%, Average move: 3.3%. These strikes are about +/- 5.0% OTM. The 11% up move is an outlier… it occurred in Feb 2016. Next highest move was +4.1%.
#earnings #shortstrangles CRM
Sold Sept. 15, 140/170 for 1.34.
#Lophir Closed on GTC order: $AMZN 1820/1855/1885/1915 Lophir put trade for 4.30. Sold for 8.70 yesterday. The gap higher today made this only a one-day trade, although I think the very wide bid/ask spread on a trade like this can work in your favor on both ends, provided you can be patient and don’t force a fill. Thanks @kathycon for the idea!
#PieTrades Rolled $MU Aug 31 50 covered call to the Sep 7th 50.5, .30 credit
#CoveredCallCampaign Rolled $AAPL Aug 31st 205 covered calls to Sep 7th 207.5 calls, 2.00 debit. Clawing my way up the strikes until I get a pullback.
#SuperCharger Closed on GTC order: $GOOGL Sep 7th 1200/1210 bull call spread for 9.45. Bought for 7.20 on 8/23.
WOW, put on a #Fuzzy 7/24 119/119/117 Put @2.50 have been in a almost total loss since entering.
Just STC @2.65 got out with a small profit. Was not going to hang around and have a bad ending.
#Earnings #Rolling Seems to have found a range, so after last week’s successful trade I’m trying again.
Yesterday, sold $TSLA Sp 7th 300/327.5 strangles for 9.65.
Other than that, my main work has been trying to stay ahead of #CoveredCalls in $AAPL, $PYPL and $SQ. It’s nice to be long all of these but selling calls is a bitch! I keep having to stop out and roll.
#shortputs
Closed the rest
$AMZN BTC 9/7 1780/1800 BUPS at .30 STO at 2.70. Sold the other batch yesterday at .50
#LongCalls #LEAPS – Still plugging away. Stop set on next week’s so adding another layer…
Bought to Close EWZ AUG 31 2018 35.0 Calls @ .02 (sold for .30)
Sold EWZ SEP 21 2018 35.0 Calls @ .43
Sold Sept. 21, 32/41 for 1.20, .60 each side, Dick’s is at 36.51.
BTC October 105 puts @ .05, sold at 1.50
#ShortPuts #IRA – Yesterday…
Bought to Close SOXL NOV 16 2018 65.0 Put @ .40 (sold for 3.20)
#Whiz – I’ve been adding a few of these lately….very small. Just one or two contracts. I’m becoming a believer (gulp) 🙂 🙂
Bought to Close AMZN SEP 7 2018 1862.5/1860.0 Bull Put Spreads @ .18 (sold for .95)
Forgot about this one:
Expired CSX AUG 24 2018 71.0/70.0 Bull Put Spreads (sold for .20)
$AMZN I’m not crazy enough to try and pick a top with this timing work….but I am suggesting that my subscribers ratchet up stops and protect profits as we are near target 1 and 8/28-29 cycles may offer resistance to the move
$ROKU BTO STOCK @63.05, As it crossed VWAP. Just trying to maximize my regular holdings in ROKU. Not for everyone.
I rolled my 68.5 calls for September 7, out to September 14, 69 calls for a credit of .20 cents and a 1/2 point better strike price. Now we just need a pull back so these can expire.
#LongCalls #LEAPS – Trimming a little more here. This one was ratio’d and still got partially run over so taking a small winner on what feels like a down day…LOL Gradually building cash reserves at this point…
Bought to Close FAS AUG 31 2018 66.5 Calls
Sold to Close FAS JAN 17 2020 67.0 Calls
All said and done a .43 winner on a 10 lot. Not a big one here but FAS has been very good to me this year.
I should go long the market here so we get a pull back 🙂
Or short the market and it will keep going up
Options Bistro 