#earnings #shortstrangles LULU sold Sept….

#earnings #shortstrangles LULU
sold Sept. 21, 115/155 for 2.12



#LongCalls #LEAPS – All rolled ITM weekly calls out a week or two for right around even or tiny debit. Won’t bore you with the details


#BullPutSpreads – Whiz trade…

Sold AMZN SEP 28 2018 1960.0/1950.0 Bull Put Spread @ 3.32

AMBA earnings

#Earnings Bought $AMBA Aug 31st 40 straddle. Filled at 4.09; described in my earlier post.


BTO Sept 21 55/53 BePS .70 in-out TheoTrade my take on it. #Bitty

STC 1.10 GTC


#FallingKnife – One to keep an eye on…

#fallingknife FYI ANF down 18%…


ANF down 18%
DLTR down 15% – DLTR Jan18’19 65 PUT 1.15


What just happened?

AMBA earnings

#Earnings This one has had a volatile recent history. Last 12 quarters: Biggest UP move: 14.3%, Biggest DOWN move: -22.4%, Average move: 10.3%. So I’m taking the $YELP approach and betting on a big move.

Buying the 40 straddle. A 9.8% move will be breakeven at expiration… but in the morning premium will be higher.

My bid is in a 3.95, not filled. I’ll get it in the last hour if I need to adjust.

A TRADE: Not your usual…

A TRADE: Not your usual BuPS . The higher strike is above the stock price. I did it this way because the margin usage is 280.0 vs. 1800.0 +. So I make almost 100% on the trade for a 22 day wait. Yah, I WANTED to sell the 45.0 put. I think TNDM will be @ 45.0 by expiration, but that’s just my gut feeling, no edge. So, a little risky. Ride ’em cowboy. ;>)

TNDM STO 9/21/18 45.0 PUT @3.60
TNDM STO 9/21/18 40.0 PUT @1.50 Net Premium 2.10

Theo Trade VIX hedge

#Hedge – From a free webinar last night….Don was going out to Nov and selling 13 strike puts. Using that cash to finance the purchase of 17/21 Bull Call Spreads. He was getting it at even. I’m showing a nickel debit right now. No fill yet.


TSLA STC 9/7 335/330 BePS @4.70. BTO 8/28 @3.75. Is this a reverse supercharger ?

NFLX STC 9/7 345/350 BuCS @4.70. BTO 8/28 @3.89 #supercharger


#shortputs SCCO Sold Nov. 16,…

#shortputs SCCO #rolling WDC

SCCO Sold Nov. 16, 40 put for .85
WDC rolled Sept. 75 put to October for .46.

#optionsexpiration Only 1 trade today….


Only 1 trade today. Rolled XBI # fuzzy 87/95 and 95/95 out 2 weeks 22 DTE for 0.37 credit. Cb now 6.43 and 2.95.

Expirations tomorrow
TQQQ lot 1 65.5 cc will let call out at cb of 62.78
TQQQ lot 2 66 cc at 65.02 cb
TQQQ lot 3 65.5 cc at 62.98 cb
TQQQ lot 4 65 cc at 63.90 cb

Will reload on Tuesday.

Hopefully we get more than a 10 point /ES pull back, everything is way extended and do not want to chase trades up. Waiting for a good pull back in LABU. Next pull back I will load a synthetic long, missing a lot of upside by just selling puts.

Have a good long weekend!


$ROKU STO 9/7/18 62.5 CALLS @.94 Nekkid

AZO supercharger

Bot Sep21 720/730 call debit spread @ 7.50. GTC @ 9.40
Earnings confirmed on 9/18. It’s not quite time to put on an earnings play so this is my way of taking advantage of a pullback with the likelihood that price will move up over the next few weeks.


STO September 14, 1160/1180 bull put spread @ .62

XLV lophir

STO XLV Sep28 +9 1/-2/-1/2 92/91.5/90.5/89.5 PUT/PUT/PUT/PUT x 9 @ .33 credit
Max risk $1862. BE 113.83. Credit $238
Management: Let it expire. If ETF price aligns with peak on risk graph, sell a 35/20d CCS and try to get out even



#ShortPuts – Got most of it. Freeing up cash in a small account.

Bought to Close TQQQ SEP 21 2018 48.33 Put @ 10 (sold for 1.15)
Bought to Close TQQQ SEP 21 2018 55.0 Put @ .15 (sold for 2.35)
Bought to Close TQQQ SEP 21 2018 60.0 Put @ .35 (sold for 3.90)

XLY lophir

STO XLY Sep28 1/-2/-1/2 116/115/114/112.5 PUT/PUT/PUT/PUT x7 @ .34 credit
Max risk $1862. BE 113.83. Credit $238
Management plan: Let it expire for full credit. If ETF price aligns with peak on risk graph, I will sell a 35/20 delta call credit spread in same expiration and try to get out for a scratch.


ULTA earnings

#Earnings Sold $ULTA Aug 31st 220/275 strangles for 1.80.
Biggest UP move: 17.3%, Biggest DOWN move: -9.1%, Average move: 6.4%. Bias +2.7%. My strikes are +13.2% and -9.5% OTM.


#LongCalls #LEAPS -Here’s another one of my old non-ratio’d positions that I’ve been fighting for awhile. Finally got it back to a ratio a few weeks ago just in time for a nice run. It’s only out to 2019 so booking it and will reset on next drop.

Bought to Close XBI SEP 7 2018 97.0 Calls
Sold to Close XBI JAN 18 2019 93.0 Calls

All said and done it’s a 1.16 winner on a 10 lot.




CRM closed

#Earnings $CRM
Strangles sold for 1.53. Closed for .35
Condors sold for .58. Closed for .20

Considering ULTA, LULU, AMBA for tonight.

#Shortputs Sold ERX Sept 07th…

#Shortputs Sold ERX Sept 07th 35 Puts @ .40 with ERX @ 36.17 Sold ROKU Sept 07th 57 Puts @ .58 with ROKU @ 60.25

Covered Calls

#CoveredCallCampaign BTC $FB Sep 7th 167.5 puts for .20. Sold in a #StrangleRoll a couple weeks ago.
Sold $FB Sep 21st 185 covered call for 1.50.

Yesterday, BTC $BABA Sep 14th 195 covered call for .15. Sold for 1.50 the day after earnings, 8/23.


#LongPuts #LEAPS – Adding one to my original starter position. Hoping 38.50 holds for the week to let short puts expire…

Bought 1 DUST JAN 17 2020 40.0 Put @ 14.00

DG Earnings

#Earnings trades layered on top of my #LongCalls #LEAPS positions. I don’t even mess with these trying to get the last nickel…

Bought to Close DG AUG 31 2018 99.5 Puts @ .10 (sold for .63)
Bought to Close DG AUG 31 2018 112.0 Calls @ .05 (sold for 1.00)


#ShortPuts #IRA – Shorter term and slightly more aggressive. 9.3% annualized. 8 percent is usually my goal on the put sales…

Sold CRM NOV 16 2018 140.0 Put @ 2.65


#Earnings #Rolling Bought to close $THA Sep 7th 300/327.5 strangles for 10.35. Sold on Tuesday for 9.65. Exiting since my put side was breached. Fortunately theta worked in my favor for 2 days so the loss is small. My broker upped margin requirements on TSLA so this was a big chunk of buying power. I’ll leave TSLA alone for a few days and reconsider.

CRM mgt

#Earnings Bought to close the $CRM Aug 31st 162.5 calls for .05 in both my strangles and condors. Now looking to close the short 147 puts. All sold yesterday.