#shortputs
Closed Early
$ALRM BTC 8/17 40 put at .03. STO 7/23 at .70
#shortcalls
$TRTN STO 8/17 35 calls at 1.50 Second of three tranches covered.
Daily Archives: Wednesday, August 8, 2018
Two down…
#VIXIndicator …one to go. A $VIX close below 11.20 tomorrow will mean an Upside Warning, indicating a high chance of a rally to new all-time highs on the $SPX. The third day is where we failed in both late February and late May, and then new Downside Warnings hit on the fourth days.
STMP
https://thefly.com/landingPageNews.php?id=2774427&headline=STMP-Stampscom-discloses-risk-that-USPS-may-renegotiate-compensation-arrangements
CMLViz backtesting
Here’s some info if you’re interested. https://vimeo.com/238690559
#shortputs #closing NKTR Closed profitable…
#shortputs #closing NKTR
Closed profitable Aug. 17, 50 put and Nov. 30 put, earnings tonight.
ROKU Earnings
#Earnings #JadeLizard – Trying the Lizard again. Selling the upside pretty tight at half the expected move allowing put sales outside the expected move. No upside risk with breakeven down at 39.15 (not that that’s really safe…LOL)
Sold ROKU 40.5/50/51 Jade Lizards @ 1.35
#shortstraddle #earnings YELP Sold Sept….
#shortstraddle #earnings YELP
Sold Sept. 21, 38 straddle for 5.80. YELP has had some big moves.
NWL falling knife
STO December 17 puts @.45 cents with stock trading at 20.69
ROKU Earnings
I’m doing something a little different here.
BTO: 1,000 shares @46.25
STO: Aug 10 46.5 calls @ 3.40 x10
BTO: Aug 24 43 puts @2.67 x12
EM up = approx $1400 profit, EM down = approx $200 loss Max loss= approx $700 No upside risk, Diagonal-type risk graph, $3000 max profit on no movement.
#shortputs #closing JCI March 12,…
#shortputs #closing JCI
March 12, sold a 37 put for .59, was a down day but still bad timing, rolled it April 3 and July 6, bought it today for .19, making 127. I wish I could claim a successful #pietrade but that isn’t what happened.
#shortputs #closing #fallingknife VRNS July…
#shortputs #closing #fallingknife VRNS
July 31, sold Dec. 21, 50 put for 2.05, bought today for 1.00, VRNS had a big drop after earnings, working its way back.
XLE
#IronCondors – Another Whiz trade…just a one lot but still experimental. I think he did about 150 of them.
Bought to Close XLE AUG 10 2018 73.5/74.0/77.0/77.5 Iron Condor @ .04 (sold for .27)
WTW Earnings
#Earnings – Sold WTW AUG 10 2018 80.0 Calls @ .90
Now sitting 83/80 inverted @ 3.84 total credit.
Still wanting the stock in between the strikes at expiration to hopefully make the .84
#shortstrangles Z Followed from tastytrade…
#shortstrangles Z
Followed from tastytrade sold Sept. 21, 45/55 for 1.75, Z is at 50.
AMZN
#BullPutSpreads – This is a Whiz trade that he put on when AMZN was trading slightly above 1800. I didn’t get filled that day but when AMZN dipped well below 1800 I sold the same strikes but ITM. He called the bounce and he sure was right this time. I’ve been experimenting with some of his trades with one lots just to get used to the style. I may ramp up the volume a little eventually.
Bought to Close AMZN AUG 17 2018 1800.0/1797.5 BuPS @ .15 (sold for 1.31)
TSLA
#LongCalls #LongPuts #LEAPS – It was an interesting experiment trading both sides. I think it could’ve worked but with all the crazy stuff going on I’m completely out. Taking a loss but luckily had captured a bunch of premium already. Normally I would stick it out and try to get to even but this is one of those cases where I think putting the cash to work elsewhere is the best for me.
Seems like I have one clunker every year…CMG in 2016 and REGN in 2017. One big loss that’s only partially offset by other winners within the ticker. Same here…loss that wipes out my TSLA 2018 gains plus a little more. But, that’s why you stay small in these types of positions.
Closed my put side yesterday with the final numbers being a 5.27 loss on a 2 lot.
Closed my call side today with the final numbers being an 18.30 loss on a 2 lot.
The cash will be deployed elsewhere and I’ll get that back…LOL Might even sell some TSLA spreads. BTW…I still like the cars and love the Space X program. Not particularly a fan of the Muskie though!
TSLA
Many people preparing to sue Musk, unfortunately, most of us are/were trading options
#pietrade conversion to #fuzzy Sold…
#pietrade conversion to #fuzzy
Sold WDC for 67.16 against cost basis of 72.34. BTO 60 leap in 2020 for 14.15 bringing new cost basis to 19.33. With 73 weeks left only need to collect 0.27 per week to cover. Already short the 70s 16 DTE.
Freed up 60k in margin for other uses.
I will be doing this a lot more with #pietrades that go way ITM. Much cheaper way to stay in the trade, less to lose, less to make up and plenty of time to do it.
Question for @fuzzballl since you do the most of these. On an annualized basis what are realistic returns for these? I personally come close to 100% but may not be managing them the best.
Options Bistro 