$FB BTC 8/17/155/165 BUPS at .05 STO at 1.80 on 7/26
$ALRM STO 8/17 52.5 calls at .25
$AAXN STO 8/17 65 calls at .40
Looking to empty my positions while making dinner money.
$AMZN STC 8/17 1820 calls at 97 BTO at 68. Still have a few left. I probably should have closed them all.
Catching up on posting from the last 7 days…
Sold $AAPL Aug 24th 202.5 #CoveredCalls for 7.00. This replaces the Aug 17th 202.5 calls I closed last week for 7.40, to avoid being called away on the ex-div date. I’m rolling ITM calls after earnings trade got breached.
Sold $SQ Aug 24th 76 call for 1.25, and Aug 31st 76 calls for 1.23
Sold $PYPL Aug 31st 90 calls for 1.10. A roll-up from Aug 24th 87.5 calls stopped last week.
Sold $MU Aug 24th 53 covered call for .85. #PieTrades
#Rolling #StrangleRoll $TSLA Aug 17th 332.5 calls to Aug 17th 332.5/335 strangles for .65 credit. Will roll soon to avoid early assignment.
#Earnings Bought $YELP Aug 10th 38.5 #LongStraddles for 4.94. Sold the calls next day for 9.95. This trade usually works on YELP.
Stopped $FB Aug 24th 187.5 covered calls for 3.85. Rolled to Aug 31st 180/195 strangles for 3.83. Looks like I got stopped at the top. #CoveredCallCampaign.
#PieTrades Rolled $AMAT Aug 10th 46.5 covered call to Aug 17th 46.5 for .30 credit.
#VXXGame Closed $VXX Sep 21st 50 call for .46. Sold for 5.65 on April 17th.
#VIXIndicator. 2018 is the year of the rollercoaster. Today’s close triggered anther warning for potential drops in the market.
#earnings #ironcondor HD
Sold Sept. 21 170/180/210/220 for 1.17
#pietrades and trying to get some theta decay back, almost went negative on the core account.
TQQQ lot 1 65 cc expires this Friday for 63.88.
TQQQ lot 2 65 cc expires this week for 64.13.
SPX hedge, STO some 11 DTE 2550 puts to offset the decay loss on the long hedge. Sold for 1.1 dropping cost basis to 1.80. Should also be able sneak in another sale and then roll as calendar, back ratio, or risk twist. Still playing around with the most efficient hedge.
Sea of red in my core account (of course the most important one) but the other accounts theta is doing its job. After I clear out the WDC, MU earnings drops will be moving more toward ETFs to limit some of the single stock risk that keeps being affected by tweets. SMH will give coverage to that sector with decent premiums.
Not going full directional or advertising for them but alphashark has a new tool that picks up reversals very well. Currently it is $259, increases to 999 soon. Installed it last night. Have to adjust settings based on ATRs but seems like it works well. Seems to nail the reversal within a half bar on any time frame. Added it to some of my other indicators and will post some trades with it after I use it for a while and figure out the settings.
Lots of attention on TUR at TT. Sold Sept. 21 16/23 strangle for 1.30.
Time for turkey jokes.
The Nasdaq is near resistance. Sold $QQQ Sep 21 186/196 bear call spread for 1.39. Delta of the short strike around 30.