#shortcalls
$NVDA STO 9/21 285 calls at 2.10 Sold against Long October 265 calls
$DBX BTC 8/24 28 call and STO 9/7 30 call at even.
#longcalls
$ADSK STC 8/24 135 calls at 20.40. BTO 8/20 at 4.90. I was trying to capture the earnings run volatility and sell before earnings. My order Thursday was not filled as I forgot to lower my price. Voila! What a pleasant surprise.
Daily Archives: Friday, August 24, 2018
Rolling OLED, all the kids are doing it
#Rolling #CoveredCalls
BTC $OLED Aug 24th 122 call for .45. Sold for 1.65 on Aug 16th.
STO $OLED Aug 31st 124 covered call for 1.50.
No expirations, have a good weekend all!
Have a nice weekend
I am checking out early since it is so quiet and I rolled all that I had expiring this week.
#shortputs #pietrade OIH Sold Sept….
#shortputs #pietrade OIH
Sold Sept. 21, 25 put for .54, ATM
TQQQ
This is my bearish trade that I am rolling. The 57 puts that I am short will expire today so I sold the October 60 puts For 1.50 against my 2019, 50 puts that I own and are under water. I have covered .61% of my cost but these expire this January so after October 5, I only have 15 more weeks to break even or roll into a longer expiration.
BABA
I have the 205 calls that will expire today so I sold the October 5, 185 calls for 2.90, 42 days to expiration. I will just keep rolling and rolling.
XBI
#LongCalls #LEAPS – Finally getting a chance to ratio this one. Been rolling ITM weeklies for awhile…
Bought to Close XBI AUG 24 2018 95.5 Calls @ .45 (sold for 1.15)
Sold XBI SEP 7 2018 97.0 Calls @ .89
TQQQ
Rolled August 31, 68 calls to September 7, 68.5 call for a credit of .23 cents which is what I need each week to cover my 2020, 66.67 calls. I have covered 7.4% of the cost so far and have 73 more weeks to go.
#shortstrangles EWZ Followed Ramie’s EWZ…
#shortstrangles EWZ
Followed Ramie’s Oct. 28/36 EWZ strangle from yesterday, for 1.83-thanks
#pietrade ROKU rolled SP 56…
#pietrade ROKU
rolled SP 56 to SP59 both with exp Aug31 for an additional .40 credit. So far, this ticker is treating me nicely
TSLA closed
Closed the final spread for .18. Sold for 9.75 on Tuesday. Nice trade for only 3 days. Thinking about doing it again for next Friday. Premium for same strangle is 9.42 right now.
#shortputs #earnings related GPS Tradewise…
#shortputs #earnings related GPS
Tradewise has a covered call recommendation on the Gap, buy 100 shares and sell a Sept., 32 call. I sold a Sept. 32 put for 3.17, GPS is at 28.80, down 3.50, 11%, $900 margin instead of $2900 for the buy/write.
AMBA
#LongCalls #LEAPS – With #Earnings next week and this thing in a tight squeeze that’s leaning bullish I’m playing it carefully while selling under the LEAPS. Taking this week’s off at even and I’ll decide later where (or if ) to sell next week.
Bought to Close AMBA AUG 24 2018 39.0 Calls @ .50 (sold for .50)
DUST
GLD
#LongCalls #LEAPS – This one was so close to breakeven back in April I probably should’ve closed it but…all the experts were predicting a breakout to the upside and a run to glory. Well…we know how that played out…LOL.
I’ve been double and triple writing some of the weekly call sales on the way down so taking a little off now that there’s signs of life. A long way to go still but it’s out to 2020.
Bought to Close GLD AUG 31 2018 115.5 Calls @ .12 (sold for .40)
ADSK
#LongCalls #LEAPS – This was one I’ve been in for quite awhile. It goes all the way back to Dec with a strangle gone bad and then horrible timing on an overnight short stock assignment. Then turned it into a LEAPS non ratio position where the weekly sales got immediately run over. After finally working out of that by rolling up LEAPS to finance the roll up of the weeklies and gradually being able to turn it into a ratio’d position I was able to resume selling. So…after the big jump today and in spite of lousy exit fills ( I should’ve waited a little) I am out with a small profit from what was once a decent size ugly loss.
Sold to Close ADSK JAN 18 2019 130.0 Calls
Bought to Close ADSK AUG 24 2018 134.0 Calls
All said and done a .76 winner per contract!
Doesn’t sound like much but it feels much bigger…LOL
Options Bistro 