1987 was the last time the S&P 500 made 4 consecutive highs during the month of August.
It will happen today. pic.twitter.com/eGywqPbRoL
— Ryan Detrick, CMT (@RyanDetrick) August 29, 2018
Daily Archives: Wednesday, August 29, 2018
ROKU Puts / AMZN PUTS / Close AMZN Early / Roll MTN Calls
#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
Reverse Split Happy Fun Time!
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
DG
#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
UVXY
#BearCallSpreads – Bought to Close UVXY SEP 21 2018 20.0/30.0 Bear Call Spreads @ .05 (sold for .71)
A TRADE:
$MDCO BTO STOCK @40.42 , A starter!
SPX condor
#SPXcampaign Jumping back in after a month-long break.
Sold $SPX Sept 14th (Friday PM expiration) 2810/2835/2955/2980 condors for 3.80.
CRM earnings
#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….
#earnings #shortstrangles CRM
Sold Sept. 15, 140/170 for 1.34.
AMZN closed
#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!
MU pie roll
#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.
GOOGL closed
#SuperCharger Closed on GTC order: $GOOGL Sep 7th 1200/1210 bull call spread for 9.45. Bought for 7.20 on 8/23.
#earnings #closing DKS Yesterday sold…
IBB
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 #closing BBY Monday I…
Strangling TSLA again
#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.
Options Bistro 