#Earnings #Rolling Forced to close out my strange… the stock way overshot my target range of the 330’s on Friday.
BTC $TSLA Aug 24th 332.5/340 strangles for 31.28. Sold for 18.60 on Wednesday.
This is an ongoing roll campaign… should have just stuck with the short calls, but I didn’t think the drop would be this fast so the puts became the problem. Will decide how to reposition next week.
I’ve been aggressive in closing and rolling positions so not much left to expire in August.
Expiring:
$HES Aug 17 32.50 puts
$HSY Aug 17 85 puts
$HSY Aug 17 90 puts
$GWW Aug 17 310 puts
Assignment:
$GWW Aug 17 340 call (covered)
Have a great weekend everyone.
#SPXcampaign Stopped $SPX Aug 31st 2860/2885 call spreads for 9.50. Sold for 6.70 on Tuesday. Too much strength to leave it over the weekend. Will wait for a new, better entry.
July 25, sold Nov. 160 put for 2.40, was a couple days early on this former #fallingknife, bought today for 1.10.
ESPR 9/21/18 STO 55.0 CALLS @2.15
MZOR 9/21/18 STO 50.0 CALLS @.65
TUR 9/21/18 STO 19.0 PUTS @.85
TUR 9/21/18 STO 22.0 PUTS @2.12
TUR 9/21/18 STO 24.0 CALLS @.60
#longcallspread
GOOGL
BTO Aug 17 1220/1230 for $1
#earnings #shortstrangles EL
Sold Sept. 21 120/150 for 1.71, only monthly expirations, high IV, prive hovering around 135.
GOOGL
STC Aug 17 1210/1200for $1.60 (didn’t move quickly enough in first hour), bought yesterday for net $0 via delay 1 hour between buy 1210 and sell 1200 for SAME $1.10;
reenter 1210/1200 for 1.45, 1.50; close half for $3.00
Deep in the money short puts that have been hanging around for a while just to bring some red to my screen it seems.
Rolled $RRC Aug 17 22 puts out to Jan 18 2019 22 puts @ .05 credit
Rolled $AAL Aug 17 45 puts out to Nov 16 45 puts @ .27 credit
These should have been rolled earlier so I had to go further out to get credits. I’m feeling pretty good that we’ll see a turnaround in AAL. RRC, I’m less optimistic about.
#shortputs TUR
Sold Nov. 16, 19 put for 1.55
#LongCalls #LEAPS #CoveredCalls – Not a bad week for selling. Can’t wait until these are all (or most of ’em) #PureProfit. ADSK and PYPL weeklies are finally out of the money so selling can resume on them.
ADSK:
Bought to Close ADSK AUG 17 2018 132.0 Calls @ .05 (sold for 1.52)
Sold ADSK AUG 24 2018 134.0 Calls @ 3.00 (ratio’d for earnings next week)
AMAT
Sold AMAT AUG 31 2018 45.0 Calls @ .42 (replacing this week’s expiration that was sold for .87)
Earnings sucked so selling carefully now….
GLD:
Bought to Close GLD AUG 17 2018 116.5 Calls @ .01 (the rest of the partial from yesterday sold for .50)
PYPL:
Bought to Close PYPL AUG 17 2018 85.5 Calls @ .05 (sold for .36)
Sold PYPL AUG 31 2018 86.0 Calls @ .85
Sold PYPL SEP 7 2018 87.0 Calls @ .79
RTN:
Sold RTN AUG 31 2018 202.5 Calls @ 1.10 (still squeezing so ratio’d at the 200ma resistance)
WTW:
Sold WTW AUG 31 2018 73.0 Calls @ 1.15 (double selling covered calls with a stop on next week’s)
#ShortPuts #IRA – Been looking for a chance to get involved in this one again…
Sold NVDA DEC 21 2018 210.0 Put @ 5.80
EOG conversion to put #fuzzy
BTO the 2020 EOG 115 put at 13.00 creating the 115 calendar with short expiring 35 days.
cb now 11.2 since the initial sale brought in 1.8. Another #pietrade #earnings gone wrong/bad and managing before it get too far ITM. Will manage this from put side.
Other reason was to reduce margin requirements so I can stay in some other trades that are finally working out.
With 69 weeks left only need to cover 0.17 per week for zero cost basis.
I think I am done with earnings trades for a while. The option prices do not adequately reflect the volatility. Yes the premiums rise into earnings but the move is bigger than expected so you still end up losing.
AMAT which I had almost recovered from previous earnings down 6.2% so will probably take another 12 weeks to break even. Now will have to sell below cost basis so will have to watch any reversal closely.
WDC, Mu total crap. Both beat earnings and expectations and have traded down 11-14%. At least MU looks like it may have found a base.
I can get same results using SMH for the chips without getting burned on earnings.
Be happy I did not sell puts in NVDA or it would have gone the other way 🙂
Have a great weekend!
Position was a Sep 37/39 strangle. I’m probably late in this adjustment but I was on vacation most of this week and just catching up yesterday and today. I rolled the 39 calls down to 34 to go inverted by 3 points. Total premium is now 3.54 (2.57 for original position plus .97 for the roll) so I’m looking for a finish between 34 and 37 to take a .54 profit out of the trade. ETF is currently at 32.99.
STC TSLA Aug 17 335.0/332.50 2.45 BTO 8-15 104.00 #supercharger
Sold $NVDA Sep 21 230/220 BuPS @ 1.55. I could be a bit early but the short strike (delta 22) is below recent support and below the 200 dma.
Good Morning
STO 1730/1750 bull put spread @ .45 cent for August 24.
STO August 31, 205 calls @ .70 cents, long 195 calls in 2020.
#Earnings BTC $NVDA Aug 17th 240 puts for .24. Sold for 2.43 yesterday.
BTC NVDA Aug 17th 240/235 put spreads for .15. Sold for .87 yesterday.
Options Bistro 